njsinko
New Contributor
- Joined
- Oct 28, 2015
- Messages
- 13
Rep Bank
$170
$170
User Power: 192%
I wanted to share with you the method that I used to confirm there was a market for my niche product before I created it.
1. Join a Facebook group related to the Niche that already has a good amount of active members
2. Begin providing value to the group in some posts, without asking anything in return. Put your foot in the door so to speak.
3. Eventually you are ready to leverage someone else's group to your advantage. Create an online survey using a free online survey service. Ask people to participate in your survey about the problems they are experiencing in this niche, and what they need help with the most. It helps to present yourself as a sort of "expert". Be careful that you don't come off the wrong way. Emotional intelligence is needed to make this work - you don't want to get kicked from the group. If a mod senses that you are trying to leverage the group THEY built for your OWN gains, you will get kicked. Be careful and ADD VALUE along the way! If you do, you should be able to do this.
4. The last question of your survey should read something like "Would you be willing to pay $X
for a product that solved these specific problems (list a couple pain areas)"
5. Judge the responses. If people answer YES, then you can redirect them to a sales page to "pre-order" a product that doesn't actually exist yet. See if you can actually get a credit card number... ie: a real purchase.
6. If you are able to collect money - you have a solid idea.
7. MAKE THE PRODUCT AND DELIVER.
8. If you are unable to make the product for whatever reason, refund their money.
I like this method because people will often say they will purchase something until the time comes to actually hand over their credit card. Make them THINK the product is in the final stages of development, with a nice landing page, and ask them to buy. If they do... now you need to work like hell to actually make the product.
I learned the hard way not to make products before you can sell them. I wasted a LOT of time writing a book that nobody wanted, starting a gift company nobody was interested in, and starting a blog in a space that was too crowded without anything to differentiate myself. Talk about a waste of energy.
Sell it before it exists - the best confirmation of a valid market there is.
1. Join a Facebook group related to the Niche that already has a good amount of active members
2. Begin providing value to the group in some posts, without asking anything in return. Put your foot in the door so to speak.
3. Eventually you are ready to leverage someone else's group to your advantage. Create an online survey using a free online survey service. Ask people to participate in your survey about the problems they are experiencing in this niche, and what they need help with the most. It helps to present yourself as a sort of "expert". Be careful that you don't come off the wrong way. Emotional intelligence is needed to make this work - you don't want to get kicked from the group. If a mod senses that you are trying to leverage the group THEY built for your OWN gains, you will get kicked. Be careful and ADD VALUE along the way! If you do, you should be able to do this.
4. The last question of your survey should read something like "Would you be willing to pay $X
for a product that solved these specific problems (list a couple pain areas)"
5. Judge the responses. If people answer YES, then you can redirect them to a sales page to "pre-order" a product that doesn't actually exist yet. See if you can actually get a credit card number... ie: a real purchase.
6. If you are able to collect money - you have a solid idea.
7. MAKE THE PRODUCT AND DELIVER.
8. If you are unable to make the product for whatever reason, refund their money.
I like this method because people will often say they will purchase something until the time comes to actually hand over their credit card. Make them THINK the product is in the final stages of development, with a nice landing page, and ask them to buy. If they do... now you need to work like hell to actually make the product.
I learned the hard way not to make products before you can sell them. I wasted a LOT of time writing a book that nobody wanted, starting a gift company nobody was interested in, and starting a blog in a space that was too crowded without anything to differentiate myself. Talk about a waste of energy.
Sell it before it exists - the best confirmation of a valid market there is.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Last edited:
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
