The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

Validate a Roommate Website Idea

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

Chris!$

New Contributor
Sep 27, 2016
3
3
13
Hello,

I am trying to validate a business idea I have for a roommate finder website, but I was wondering what would be a good way to validate my idea.

I would want to talk to potential customers ideally, but this is where I am not sure. Since I wouldn't know where.

An idea i have thought of is to create a wix basic website and run an ad to see if I can get any visitors and ask them for emails?

Any ideas?
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Surge5x

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Mar 13, 2019
35
40
110
London
Hey Chris,

It depends on what you are trying to validate: Is it the business model? The market? The site design?

I'd say that roommate finding websites already exist and you can check out their traffic numbers on similarweb.com and then take 0.5%-1% conversions (thats a guesstimate) and see what the revenue numbers might look like.

I'd focus on 2 different validation strategies here:
1. Does this market exist in [insert your area]?
2. What's your secret sauce, how are you different from all the others? - How do customers respond to this?

Don't run ads just yet; without knowing your target market and your core proposition you'll only be burning cash.

For both of these you're going to have to speak to customers. Try checking out places where new arrivals to your city hang out in: hostels, coffee shops near the train station / airport, FB groups, etc.

Hope that helps!
 

Chris!$

New Contributor
Sep 27, 2016
3
3
13
Hey Chris,

It depends on what you are trying to validate: Is it the business model? The market? The site design?

I'd say that roommate finding websites already exist and you can check out their traffic numbers on similarweb.com and then take 0.5%-1% conversions (thats a guesstimate) and see what the revenue numbers might look like.

I'd focus on 2 different validation strategies here:
1. Does this market exist in [insert your area]?
2. What's your secret sauce, how are you different from all the others? - How do customers respond to this?

Don't run ads just yet; without knowing your target market and your core proposition you'll only be burning cash.

For both of these you're going to have to speak to customers. Try checking out places where new arrivals to your city hang out in: hostels, coffee shops near the train station / airport, FB groups, etc.

Hope that helps!

Wow thank you.
I did not know about similarweb.com before, its a good tool.

Also I didn't even think about checking out places where new people arrive. Surprisingly its simple when you said it.
 

SEOguy

SEO Expert
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Dec 22, 2014
1,541
2,039
579
Los Angeles
Hello,

I am trying to validate a business idea I have for a roommate finder website, but I was wondering what would be a good way to validate my idea.

I would want to talk to potential customers ideally, but this is where I am not sure. Since I wouldn't know where.

An idea i have thought of is to create a wix basic website and run an ad to see if I can get any visitors and ask them for emails?

Any ideas?

Flatmate Finders - Australia's #1 Flatmate Matching Service | Since 1987
https://www.roomster.com/
Find your Perfect Match®

It exists. There's a market.
 

Mutant

Silver Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jan 8, 2018
248
768
287
London
And here’s the UK version:

spareroom.co.uk

They are massive online, & even do weekly “speed flatmating” events in real life. Because when you think about it, trying to match people to live together can take a lot of tactics from trying to match people for dating.




Sent from my iPhone using Tapatalk
 

Sponsored Offers

MARKETPLACE 7 Days To Freedom: From Wantrepreneur/Wage Slave To Freelancer
We're going to be starting soon, in 1 hour! Everyone else who wants to join us for the ride...
  • Sticky
MARKETPLACE Fox Web School "Legend" Group Coaching Program 2021
@Fox It's same with me Did both quiz and application but as yet no automatic confirmation, just...
Introducing MJ's Personal Unscripted Network, Join Now for FREE!
If you are in IDEA mode, text "IDEA" to the above number. If you are in LAUNCH/START mode, text...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
I have a long weekend off work.. bought your "Start a Freelance Business: Take Back Your...
MARKETPLACE Not sure how to start? This free book will teach you how to build a successful web design business
If there’s one thread I see repeated over and over again on the forum, it goes like this: “I...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Thanks for clearing that up. What do you recommend for those who are still in the process of...



Forum Sponsor

Over 100 Fastlane Students
More Details...

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom