Home Forums Starting your journey Testing viability/profitability


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  • #1000581
    • Total posts: 86

    Hi soloists,

    I have an idea for something I’d like to do on the side for extra income in addition to my main activity.

    My question: What are some good ways to test out the viability of your business before you’ve gone ahead and registered/set up all the things you need to? I am expecting my project to take a while to earn money anyway.

    So far I’ve looked at keyword research and Google Trends.

    If only there was some kind of magical simulation I could run to see it all working!

    Thank you in advance for your help.

    • Total posts: 15

    Hi [USER=79034]@heylouise[/USER]

    My advice would be to test out your idea on potential customers to see what problem you can solve for them. Talking to potential customers is the best way to see if your idea has potential.

    Do all of this before you start will also give you a better idea of whether you need to modify your idea or not.
    Best of luck

    Paul – FS Concierge
    • Total posts: 3,120

    Search for the term MVP or minimum viable product.

    Do small, low cost experiments as much as you can to gauge if there is any interest in the market.

    Good luck.

    • Total posts: 4,472

    Have you done a business plan,

    • Total posts: 1

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