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

<p>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.</p> <h3>Time Stamped Show Notes:</h3> <ul> <li>00:27 – Today’s topic: <em>How to Validate Your Business Idea for Under $100</em></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> <h3>3 Key Points:</h3> <ol> <li>Use online tools available to you to find that validation.</li> <li>Tal