How to Know If There's a Real Market for What You Know
How to Know If There's a Real Market for What You Know
Don't build the product first.
This is the mistake everyone makes. You have an idea. It seems good to you. So you build it. You spend three months creating the perfect version. You launch it. Nobody buys.
This is backward. Before you build anything, find out if people actually want what you're about to build. Find the market. Then build the product.
The market is people who have the problem and are actively trying to solve it.
Where Your Market Is Already Talking
Your market is not on your email list yet. Your market is not waiting for you to build something.
Your market is already somewhere. They're already talking about the problem. They're asking questions. They're struggling. They're looking for solutions. You just have to find where they are.
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They're in:
- Facebook groups about the topic
- Reddit communities focused on the problem
- Slack communities and Discord servers
- LinkedIn conversations
- Twitter discussions
- Blog comments
- Quora questions
- Product hunt communities
- Industry forums
- YouTube comment sections
Any place where your audience gathers to talk about the thing they care about, that's where your market is.
The Signal You're Looking For
Go to where your audience is. Read. Don't contribute yet. Just read.
Look for the repeated question. Not one person asking once. The same question asked in different words by different people over and over.
"How do I know if I should hire my first employee."
"Should I hire or outsource."
"At what point do you hire the first person."
"How do you scale without hiring."
Same question. Different forms. Lots of people asking it.
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This is a signal that the problem is real and it's big enough that people are desperate to solve it. If you see one person asking the question, maybe it's them. If you see 100 people asking it in different ways, that's a market.
How to Validate This Yourself
Pick three communities where your audience hangs out. Spend a week observing. Write down the most common questions you see. Look for patterns.
The patterns are products. The questions that show up repeatedly are the things people will pay for.
If you're seeing "How do I know if my idea is good enough to build" asked by 50 different people in variations, that's a product opportunity. People want a framework for evaluating ideas.
If you're seeing "How do I balance my day job with building my business" asked constantly, that's a product opportunity. People want help on that specific problem.
You're not trying to invent something new. You're trying to solve something that hundreds of people are already trying to solve by themselves.
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According to research from the Standford Graduate School of Business, 70% of successful products were built after founders observed customers trying to solve a problem without a good solution, rather than inventing a solution and finding customers for it. Find the problem. Build the solution.
How Many People Equals a Market
This depends on the price of your product.
If you're selling a $20 ebook and one person buys it, that's not a market. But if 1000 people are asking the question, at least 5 of them will probably buy.
If you're selling a $500 course and you need 50 people to buy it to make $25,000, you need at least 1000 people interested in the topic.
The math is simple. Look at how many people are asking the question and estimate what percentage would buy. If 100 people are asking about the problem and you estimate 5% would buy a solution, that's 5 customers.
You're looking for evidence that at least 20-50 people want this badly enough to solve it themselves right now. Because if 20-50 people are asking about it, you probably have a market.
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What You Do Once You Find the Market
Don't build the product yet.
Write something short. A framework. A guide. A few pages that articulate how you think about the problem.
Share it in the communities where you saw the questions. Don't spam. Just contribute. Answer the question. Explain your thinking. Share the resource if it's relevant.
See what happens. Do people get excited about it. Do they ask follow-up questions. Do they tell you it was helpful. Do they ask you to elaborate.
This is validation. If people react positively to your thinking about the problem, they'll buy a product that goes deeper.
If nobody reacts, or the reaction is lukewarm, your product idea might need adjustment. Maybe the problem isn't as big as you thought. Maybe you're not the right person to solve it. Maybe the way you're thinking about it isn't the way they want it solved.
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You learn this for free before you build anything.
The Conversation That Matters
Once people start responding positively, you get to have a conversation with them.
You're in the community. Someone asks the question. You answer. They say, "This is exactly what I needed. Are you writing a guide on this." Or they say, "I'd pay for more of this."
This is not subtle. People will tell you if they'd buy from you. They're not going to be silent if they're interested.
Start that conversation. Ask them what they'd actually pay for. Ask them what would be most helpful. Ask them what they've already tried. Ask them what problem they're still stuck on.
You're not selling. You're researching. You're understanding the market deeply enough that when you build the product, it's actually something they want to buy.
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The Product That Sells Itself
Once you know the market wants this, build it.
And now here's the thing. The product sells itself because you're not introducing people to the problem. They already know they have the problem. You're just offering a solution to something they're desperately trying to solve.
You go back to the communities. You share that you built the thing. The people who were asking the question see it. Some of them buy. Not all. But some.
Because you did the work upfront to validate the market, you know that there's demand. You know that you're solving a real problem. You know that people want this.
The Shortcut That Doesn't Work
Some people try to skip this step. They think, "I'll build something and then figure out if people want it."
This sometimes works. If you're right about the market, it works great. You build the thing and people buy it.
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But most of the time, it doesn't work that way. You build something that solves a problem you think people have. But the problem turns out to be smaller than you thought. Or people want a different solution. Or you're not the person they trust to solve it.
You spent three months building. You launched. Nobody bought. Now you're wondering if you should build something different.
The people who validated first know the market wants them to build. So they build. And it sells. Not always like crazy. But reliably.
Start Here, Not With the Product
Before you design anything. Before you outline anything. Before you decide what to teach. Go where your audience is.
Read. Find the repeated question. See if the problem is big enough that 20-50 people are asking about it.
Then you know you have a market.
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Then you build.
Not before.
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