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There have certainly been worse times to try and get a tech start-up off the ground. Tech businesses are springing up faster than ever these days, and the products they’re releasing have managed to disrupt almost every industry and niche on earth. Like many inspired creatives, you’ve probably got some great ideas floating around, but you may not be so sure about turning those into a reality. Here are some essential steps for making that dream of yours come true!
Don’t Write Down Every Little Idea You Have
From Wikimedia
This may sound a little backwards on the surface. After all, the more irons you’re keeping on the fire, the more chance you have of one becoming a successful tech product, right? Well, not exactly. Just because an idea hasn’t been done before doesn’t mean that you should be pursuing it. When it comes to new products, software tools, and pretty much anything creative, the best ideas are the ones that you have, and naturally come back to again and again. Don’t immortalize your bad ideas in a notebook! Instead, let concepts come up naturally in your own private brainstorming sessions. When you keep coming back to something again and again, you’ll know that you’re onto a winner!
Keep Costs Low in Your Testing Phase
From Wikimedia
A lot of entrepreneurs at the head of tech start-ups will make the big mistake of sinking too much money into the prototyping and testing process. Of course, when you’re working on those preliminary stages you’re going to want to find the best printed circuit board manufacturers, programmers and graphic designers that money can buy. However, if you spend too much money when there’s still a lot of issues that need to be ironed out, you’ll only be making things difficult for yourself later in the process. Save your resources for when you’re working on the final version of your product. You’ll be much better off by designing a primitive prototype, then exposing it to your target market and asking them for feedback. As you create more developed versions based on these comments, another great way to test inexpensively is to set up a landing page informing people about your product, including a call to action for social media likes or newsletter sign-ups. This will give you some idea of how people are taking to your product idea, and will show you how developments and news affect the overall buzz.
Start with A Small Market
From Flickr
If there’s one thing that will drive your start-up into the ground faster than anything else, it’s biting off more than you can chew when it comes to your target market. Sure, aim to get a monopoly in the long run. In order to do this though, you’ll need to start off with a small niche audience, and take gradual steps to expand it. Remember that Facebook started off being used exclusively by Harvard students, and there was a time when the only thing you could buy on Amazon was books. Try to sell to everyone, and you’ll end up selling to no one!