Why would anyone build something without knowing if there’s a market for it?
Making something first and then hoping for buyers to come along seems backward. Has anyone here completed this task, and if yes, how come?
Sincerely, I’m interested in the thinking behind this strategy.
Edit: I appreciate everyone’s insights. Hearing the specific reasons is really fascinating.
Yes, exactly. What are you going to do, register them with nothing on an empty HTML server?
In my opinion, my approach will profitably be implemented, and if not, I’m willing to forfeit the time I’ve invested.
You see, this merely serves to support the idea that people in the SaaS community don’t undertake market or user research when they construct.
Before launching a text editor, there are a few things you can do.
Even if you may be sure of your solution, how can you tell if it is a good fit for the market?
In reality, I create tools and generators for my personal use before making them available to the general public.
I’m not sure what this post is trying to accomplish. Are you making fun of people who are creating code without first registering and logging in to a framework?
Anyone can do as they choose.
I want to know if it is the wisest course of action for people to construct anything without first determining whether there is a market for the “solution” they are creating.
I am creating the market for myself. It’s taking a while because it’s a totally rust-coded, freely tradable lawsuit futures platform. Put yourself on the waitlist at champerty.org if you’d like.
Indeed, I don’t believe that anything similar exists for any other reason than that it requires a significant amount of time and work. However, it practically costs me nothing for my launch strategy. I concluded from my market study that litigation finance is a developing sector and that access to it was excessively exclusive.
I didn’t even have a website when my first customer joined up; I just cold-called and emailed them to get marketing validation. I had five paying clients when I began developing the MVP. Every business is different.
Depending on how fast you can construct it. Making a good-faith estimate on whether there is a market for your idea can take several months. You might be able to create an MVP in the same amount of time and simply test the market to see if anyone will buy it. With the latter, you receive real-world validation statistics along with an instant product.
This is relevant if you are creating something novel that has never been seen before. That will be extremely uncommon. Conversely, if you are developing a product that already exists, you must conduct research on current products to identify any gaps in their features, unique selling points, and other aspects of the product.
The days of developing a solution first and then obtaining funding are long gone.
I did ran my notion by a few others. received feedback and improvements.
Although my product isn’t out yet, it won’t be long.