
ALT Entrepreneurs, we created this to explain the 7 stages of product development by Zapier. Every product starts with an idea but ideation is more than the idea. It's about the processes involved in brainstorming and deciding on the best ideas. To validate the ideas gathered from an ideation process, market research is a great way to validate that your ideas will solve an existing problem in the market. When it comes to prototyping, the first thing that usually comes to mind is an MVP (Minimum Viable Product). But think MPP (Minimum Payable Product). Most businesses make the mistake of placing marketing after product launch. As soon as an idea is validated and a prototype is in the works, marketing can start. You can have paying customers in the waitlist before your product launches. Develop and launch the product. And don't forget that the greatest room in the world is the room for improvement, so says a Chinese Proverb.

ALT Read the story of a hypothetical company who failed big time with market research and idea validation. 👇 If the world were a perfect place, we could be sure that any product could sell to anybody at any given point in time. However, human dynamics, psychology, tastes and preferences, and the differences that make us humans do not make the consumer market a perfect one. Idea validation then becomes a necessity for businesses who want to put their ideas in the faces of the right consumers. Full story 👇 https://lnkd.in/eAEcMFSD






















