How do I know if my product will be a success?

Answer 1

It's usually a success if it is interesting to many types of people

Answer 2

Test marketing is effective and often overlooked. The first question you need to ask is "How motivated are people to solve the problem that my product/service solves?"

You can do keyword research to determine if people are searching for something related to your product, which indicates there is market interest and/or a perceived problem.

You also need to take a look at your costs. The majority of your early monies are typically spent on identifying and acquiring customers, versus product manufacturing. Typical mass produced product costs are between 15-25% of sale price, with probably over 30% going toward marketing costs.

Using the internet to take the temperature of people can be highly cost effective and give you immediate feedback. If you need help setting up a campaign, visit my site.

Answer 3

You don't, but you can make a business plan which will force you to really understand everything about your company, product, customers, price, competition and licenses you'll need.

If you've never been in business before, I would strongly recommend that you talk to a business counselor before you do anything especially spend money. I'd call the local office of SCORE (go to http://www.score.org and input your zip code to find the chapter nearest you), the advice is FREE.

The counselor at SCORE will most likely advise you to write a business plan which is very good advice because it will force you to dig out all of the start up details and the costs of starting your business and force you to also understand all of the aspects of this business including the customers you'll concentrate on (your market ) and how you'll go after them.

Try this link :
http://www.ychange.com/small-business-consulting-articles.html
and read some of the articles especially the ones about a business plan and starting a business.

Good Luck

Answer 4

You do a ton of research. There are many many reasons a product fails, not just the product itself.

Answer 5

well, nothing is 100% check and see what the public thinks. check with friends and family. Than if they give the thumbs up try n' see what strangers in the public think.

I guess that is what I would do.

Answer 6

What is your product>\?

Answer 7

how do you define success? selling one, hundreds, thousands. i would say a few in the beginning, but time will tell

Answer 8

if it's unique! and if people need it (or you're creating something that people would be needing or wanting!)

Answer 9

if it works i don't know

Answer 10

Would you, yourself buy it?