Re: How can an entrepreneur find out if a product will sell?
|
Dec 11th, 2008, 06:23 AM
#5 (permalink)
|
Quote:
Originally Posted by djs13
Yeah I don't think my biggest problem is finding beat makers but instead the musicians who will buy the beats. I just sent about a dozen messages through myspace to different beat makers which doesn't seem like alot but I made all the message personalized so they would get back to me. I took your advice Fanocks and I actually just got back a reply:
"that would be good but you are gonna need a whole bunch of promotion because people are always skeptical about buying beats online"
The producer who sent me that is pretty popular but what he's saying is what I'm worried about. I know there are a bunch of people selling beats but how many are buying. I wish there was a way I could find out how profitable my competition is. I'm going to write a business plan and then I'll get back to everyone.
|
Trust me on this one: Do a small promotion test on adwords or something similar and see if you can catch any kind of interest. Use an advertising site or even your own Facebook profile to collect the interest (no need to have a website at this stage anyway).
This is one of the main problems with new startup entrepreneurs: They spend months writing a business plan for something that may or may not work (what a waste of time). Do small and clever promotions and you will find out in a couple of days if this will work or not.