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Initial market research plan for a SaaS tool, would you add anything?

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miguelst

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I have a SaaS idea that I want to validate, before starting to build anything (which is difficult as a developer, it's always itching to get going! But not this time, I want really thorough market research). These are the ideas I got.

Initial research
  • Create a list of questions, question about the problem
    • Have you already had this problem? How is it affecting your business etc.
    • I won't talk about my proposed solution, only listen for the problem
  • Arrange 10 video calls with people from my network or close network, to go over these questions
    • I will add that the findings will be written in a blog post, and I can include the interviewee's details, it could get them some website visitors or network opportunities
    • I will add that I'm going to select 4 "Early advisors" that get free access to my solution, and can help shape it.
  • Re-arrange the questions based on my findings and feedback from the video interviews
  • At the same time: Send out a message to a few people on Twitter and Reddit, "“Hi - I’m working on a startup idea and I have a thesis that [...]. Is this is a problem for you or anyone you know? Would you mind giving me some feedback?”
  • Use the above to send out a digital Survey (more people), I'm going to use a Loom video to request/invite them to this, to add a personal touch.
  • Time for my own research: Look for competitors, alternative solutions
If all goes well and I found a problem
  • Create a sales deck with screenshots
  • Create a prototype
  • Setup a landing page and gather e-mail addresses, with a waiting list
That's the idea for getting started, is there anything I'm missing?
 
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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?

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