BillBelew.com
marketing

How Much to Pay to Learn Your Idea is Good2165

Forum Owner Belew private msg quote post Address this user
How much would you pay to learn whether or not you have a good idea?

I have worked with people who have spent 7 figures only to learn that what they built is NOT what their would-be users wanted after all.

I tell people I'd rather spend $5000 and 5 months to learn I have a bad idea than spend $50,000 and 15 months to learn the same.

How much would you spend to learn whether or not your idea is any good?

Or do you just assume your idea is good and throw money at marketing it and hope for the best?


Post 1 • IP   flag post
Forum Owner Belew private msg quote post Address this user
If I could spend $200 and make $400, I'd do that forever. Wouldn't you?

If I could spend $2000 and make $4000, I'd do that forever, too.
Wouldn't you?

Why do people think that's possible?

Or maybe you have done it or no someone who has? The secret has escaped me.
Post 2 • IP   flag post
Member bdaoust private msg quote post Address this user
Why would you not do some testing on a small scale to find the best solution (not necessarily the right one), then put in the effort to what seems to be working?
Post 3 • IP   flag post
Forum Owner Belew private msg quote post Address this user
@bdaoust

How do you recommend doing that?
Post 4 • IP   flag post
Member bdaoust private msg quote post Address this user
@Belew - it depends. When selling on FB, you want to have the right words and the right image to attract attention. Spend a little to see what works for click through rates and buying patterns.
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