1
0 Comments

How I do validate the idea with less $100 in a budget.

Hey everyone, this is probably my second post on IH. My last venture in B2B SaaS didn't find success, so here's a new chapter.

I'm currently working on an AI-based chatbot designed to assist sales on social media. I'm uncertain whether I should choose a specific niche right now; I plan to address this after validating the idea.

So, let's get started! Over the last three years, I've delved into web3 and have come to a few realizations:

  • Web3 founders seem to be the most unhappy people in web3.
  • To strike it big in web3, you either need a successful track record as a serial founder or a willingness to take unethical shortcuts. I'm opting for the former and not considering the latter.
  • The web3 community never sleeps. It's essential to have a visible founder since anonymity doesn't sit well in web3, and this requires a substantial time commitment.

I've been pondering a few things:

  • Scalability through paid ads.
  • Short-term deals.
  • Recurring payments.
  • Transactions exceeding $100.

While exploring TikTok, I stumbled upon a website where I can purchase a pre-existing technical white label solution and resell it, which seems promising.

Before making the purchase, I decided to conduct some customer development. I identified my target customers as individuals who sell through their social media platforms. I spoke with ten of them to gauge their interest in automating the sales process with an AI chatbot that understands their sales funnel, stages, and has knowledge about their products/services. All ten expressed a keen interest and willingness to pay $100 or more for such a solution.

However, I prefer not to test my idea solely with acquaintances, so I've opted not to skip the validation phase.

Here are my steps for validating the idea:

  1. I've created a website using Softr. It's up and running (https://soflyt.softr.app).
  2. I've set up a Facebook business account.
  3. I've prepared a campaign to offer people the opportunity to automate their sales. This campaign will launch on September 18.
  4. I'll ask visitors to the website to join a waitlist in exchange for a 50% lifetime discount.

I'm willing to invest $99 to gauge the response and see how many people join the waitlist. The next phase will focus on customer development and further validating the idea in part two.

Feel free to ask if you have any more questions or need further assistance.

Ok, day 2 update is here:
1st group: 882 views, 12 click, CPC $0,32 0 emails in waitlist
2nd group: 631 views, 3 click, CPC $1,25 0 emails in waitlist
3rd group: 611 views, 4 click, CPC $0,98 0 emails in waitlist
Woman: 655 views, 1 click, CPC $3,93 0 emails in waitlist

on September 17, 2023