In Episode #136, Eric and Neil list and explain the different ways you can validate your business idea for less than $100. Validating your business idea does NOT have to be expensive and these two experts will give you the tools you need to confirm that your idea is a great one. Time Stamped Show Notes: 
00:27 – Today’s topic: How to Validate Your Business Idea for Under $100
00:35 – Tim Ferris’ validation on the 4-Hour Work Week on Google AdWords costed $50
01:09 – Use tools like Google Surveys and Survata
01:36 – Post an ad in Craigslist
02:43 – Use surveys in person or in video to get feedback
02:56 – Keep trying to get the best results
03:31 – Check Reddit and Quora
04:37 – Go to the INC5000 list and see what other companies are doing
05:13 – Look for companies in the same industry as yours
06:11 – Research the problems companies in your industry are trying to solve
06:30 – Look at Amazon and Ebay, if you’re selling consumer products
06:43 – Check Flippa and FE International to see what new online businesses are being sold
07:01 – Look at your market using Google Trends
07:48 – Use the Keyword Tool, Google Suggest and Google Keyword Planner to figure out search volume
08:00 – That’s it for today’s episode! 3 Key Points: 
Use online tools available to you to find that validation.
Talk to people about your business idea and gauge their responses.
Look at the companies in your industry and find out what problems they’re trying to solve today.

Leave some feedback:
What should we talk about next? Please let us know in the comments below.
Did you enjoy this episode? If so, please leave a short review.

Connect with us:
NeilPatel.com
Quick Sprout
Growth Everywhere
Single Grain
Twitter @neilpatel
Twitter @ericosiu



Learn more about your ad choices. Visit megaphone.fm/adchoices

In Episode #136, Eric and Neil list and explain the different ways you can validate your business idea for less than $100. Validating your business idea does NOT have to be expensive and these two experts will give you the tools you need to confirm that your idea is a great one. Time Stamped Show Notes: <ul> <li>00:27 – Today’s topic: How to Validate Your Business Idea for Under $100
</li> <li>00:35 – Tim Ferris’ validation on the 4-Hour Work Week on Google AdWords costed $50</li> <li>01:09 – Use tools like <a href="https://www.google.com/analytics/surveys/">Google Surveys</a> and <a href="https://www.survata.com/">Survata</a>
</li> <li>01:36 – Post an ad in <a href="https://www.craigslist.org">Craigslist</a>
</li> <li>02:43 – Use surveys in person or in video to get feedback</li> <li>02:56 – Keep trying to get the best results</li> <li>03:31 – Check <a href="https://www.reddit.com/">Reddit</a> and <a href="https://www.quora.com/">Quora</a>
</li> <li>04:37 – Go to the <a href="http://www.inc.com/inc5000">INC5000</a> list and see what other companies are doing</li> <li>05:13 – Look for companies in the same industry as yours</li> <li>06:11 – Research the problems companies in your industry are trying to solve</li> <li>06:30 – Look at <a href="https://www.amazon.com/">Amazon</a> and <a href="http://www.ebay.com/">Ebay</a>, if you’re selling consumer products</li> <li>06:43 – Check <a href="https://flippa.com/">Flippa</a> and <a href="https://feinternational.com/">FE International</a> to see what new online businesses are being sold</li> <li>07:01 – Look at your market using <a href="https://www.google.com/trends/">Google Trends</a>
</li> <li>07:48 – Use the <a href="http://keywordtool.io/">Keyword Tool</a>, Google Suggest and <a href="https://adwords.google.com/KeywordPlanner">Google Keyword Planner</a> to figure out search volume</li> <li>08:00 – That’s it for today’s episode!</li> </ul> 3 Key Points: <ol> <li>Use online tools available to you to find that validation.</li> <li>Talk to people about your business idea and gauge their responses.</li> <li>Look at the companies in your industry and find out what problems they’re trying to solve today.</li> </ol> Leave some feedback: <ul> <li>What should we talk about next? Please let us know in the comments below.</li> <li>Did you enjoy this episode? If so, please leave a short review.</li> </ul> Connect with us: <ul> <li><a href="http://neilpatel.com/">NeilPatel.com</a></li> <li><a href="https://www.quicksprout.com/">Quick Sprout</a></li> <li><a href="http://growtheverywhere.com/">Growth Everywhere</a></li> <li><a href="http://www.singlegrain.com/">Single Grain</a></li> <li><a href="https://twitter.com/neilpatel">Twitter @neilpatel</a></li> <li><a href="https://twitter.com/ericosiu">Twitter @ericosiu</a></li> </ul> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

Neil Patel and Eric Siu bring you daily ACTIONABLE digital marketing lessons that they've learned through years of being in the trenches. Whether you have a new website or you're an established business, you'll learn the latest SEO, content marketing, social media, email marketing, conversion optimization and general online marketing strategies that work today from people that actually practice marketing and operate businesses.
Approaching 100M downloads with 2,500+ episodes, you're sure to find something that will help you grow faster. Also don't forget to subscribe to our Marketing School YouTube channel to get more marketing goodness.

Marketing School - Digital Marketing and Online Marketing Tips

In Episode #136, Eric and Neil list and explain the different ways you can validate your business idea for less than $100. Validating your business idea does NOT have to be expensive and these two experts will give you the tools you need to...

How to Validate Your Business Idea for Under $100 | Ep. #136

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1e978679-4c65-47fa-93b4-b0d20082446e/transcript

Advertisement