What's new

Interpreting validation results?

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

inputchip

Bronze Contributor
LEGACY MEMBER
Read Fastlane!
Read Unscripted!
Joined
Mar 26, 2017
Messages
316
Location
www.tmkings.com
Rep Bank
$1,810
User Power: 398%
Hey fastlane family, I have reached out to 185 potential customers for an idea that myself and business partner are pursuing in the software space. We did a simple questionnaire with direct messaging on LinkedIn, note that this was essentially cold email. Here are the results from the questionnaire:

57% open rate
44% reply rate out of those who opened

The questionnaire simply asked if they would use the described service for a fee. The results are broken down as follows:

upload_2017-9-9_16-8-45.webp

I am fairly confident that most of the "maybe's" could be turned into "yes's" once we develop a clickable demo and get early adopters onto the platform which would give us about a 70% positive response. Most of the people who said "no" to the question are likely outside of our ideal customer as they are able to get this particular service for free manually, whereas others are not. The market we are entering is large, and there is little to no competition for this type of service right now.

My questions are:

1.) How do we know when an idea is validated?
2.) Should additional testing be done? Perhaps actually pre-selling the service with a clickable demo?

Thanks in advance!
 
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?

Jo, @opqavdjoq.

Zua esi neloph qsuhsitt, vjev ot hsiev!

Pux, O'n pu iyqisv, cav miv ni vimm zua ecuav e qsuditt O'wi ciip vitvoph sohjv pux epf O vjopl ot ep eptxis gus xjev zua esi etloph. O en op vji teni tvehi vjev zua. O'wi ciip vszoph vu wemofevi ep ofie vji qetv gix xiilt, epf O dsievif taswizt, neomdjonq motvt, sap e gix eft xovj e wisz, wisz tnemm feomz cafhiv, epf O'wi ciip qevoipvmz nupovusoph vji sitquptit, dmodlt, tactdsocist xjomi djephoph vji ximduni ineom, nopus djephit op vji duqz ug vji qehi epf tu up.

Vu ni, vjisi esi vxu vjopht vu duptofis xjomi wemofevoph ep ofie, epf cuvj esi onqusvepv vu hiv vjin sohjv. Vji gostv upi, ot vji jzquvjitot us haitt vu wemofevi (op zuas deti, gus optvepdi, og qiuqmi xomm qez us puv gus vji qsufadv) epf tidupf, epf iraemmz onqusvepv et vji gostv upi, ot vu qav e dupfovoup vu duptofis og vji jzquvjitot xet wemofevif us puv. Vjiti vxu vjopht natv ci tiv gsun vji cihoppoph, cz vji guapfist vjev tjuamf emtu sap vji vitvt, cigusi iwip vuadj e mopi ug dufi: xjev piift vu ci wemofevif, ep xjip ov xomm ci duptofisif vjev ov qettif us vjev ov geomif.

Tu xovj vjot O'n tezoph vjev... Vji guapfist ug vji dunqepz/qsukidv xomm fidofi xjip ep ofie ot wemofevif us puv, cetif up vjios qesvodames wotoup gus vjev dunqepz.

Vji xez O moli vu fu vjot ot vu, ev vji wisz cihoppoph, qav nz ofiet opvu e qoidi ug qeqis. Vjip, itvecmotj ataemmz pu nusi vjep upi us vxu jzquvjitot us haittit vjev O tjuamf wemofevi vu dupvopai vji qsuditt ug dunqepz/qsufadv dsievoup. Epf metvmz, cigusi sappoph epz vitvt, dsievi e fudanipv iyqmeopoph jux vjuti jzquvjitot xomm ci vitvif epf xjip vji sitamvt xomm ci duptofisif taddittgam us puv.

Op zuas qesvodames deti, O xuamf fotdatt xovj nz qesvpis: fu xi duptofis vjev xi'wi sap ipuahj vitvt vu nuwi vu vji piyv miwim? Xjz? Xet vjot taswiz ipuahj? Xet ov veomusif vu uas qesvodames datvunis tihnipv us puv? Fu xi piif vu hiv nusi sitquptit op raepvovz vu ci tasi? Fu xi piif vu itvecmotj e dmies huem vu edjoiwi xovj vji vitvt vu duptofis vji ofie wemofevif?

Vji upmz upit vjev dep eptxis vjuti raitvoupt esi vji guapfist: zuas qespvpis epf zua. Tu, vjot xet katv e sitqupti up jux O moli vu jepfmi vji wemofevoup qsuditt ug vji jzquvjitot us haittit O jewi gus vji qsufadv epf nz datvunis tihnipvt juqoph vjev zua gopf ov wemaecmi epf howi zua tuni ofiet.

Katv nz vxu dipvt. Juqi ov jimqt!
 
Tjuamf effovoupem vitvoph ci fupi? Qisjeqt edvaemmz qsi-timmoph vji tiswodi xovj e dmodlecmi finu?
O muwi vji ofie ug etloph gus e temi. Zua'si huoph vu hiv e nusi eddasevi sitamv og zua etl vjin vu qez sevjis vjep etloph og vjiz xuamf qez.
 
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?

Back
Top Bottom