How I Validate Winning SaaS Ideas ⭐ (3 Simple Steps)

Key Takeaways

1. Ideas Are Cheap, Execution is Hard:

   • Finding business ideas is easy; the challenge comes in execution and validation.

2. Understanding Validation:

   • Validation is often misunderstood. It doesn't mean a guaranteed success but indicates the potential of a business idea.
   • Validate by determining:
     1. If people want it.
     2. If you can build it.

3. Types of Problems:

   • Problems can be big or small, frequent or infrequent.
   • For a bootstrap founder, ideally solve "small but frequent" problems.

4. Three-Step Validation Approach:

   1. Personal Outreach:
      • Reach out directly to individuals discussing the problem.
      • Gauge the problem's substance, its frequency, and their willingness to pay for a solution.
   2. Content Creation:
      • Create and distribute content discussing the problem (not the solution) on social media, blogs, or forums.
      • Analyze feedback and interest to gather more insights.
   3. Paid Ads:
      • Set up a landing page for a coming soon product.
      • Run ads to see if strangers sign up for the waiting list, indicating broader interest.

5. Final Advice:

   • Following these steps doesn't guarantee business success, but it puts you closer to building something viable.
   • Be cautious and avoid making radical financial decisions based solely on these validations.