How Can You Validate That Your App Idea is Viable to walk on Success Path?

Posted by Murtza Abbas on February 19th, 2019

Coming up with an App idea is easy, but validating it for further app development is like targeting the Fish's eye. If you think that, you have a great idea of a startup mobile app then knock again on your brain's door because you are not alone as so many people might have a similar idea. In order to make your app idea validate you have to dive down in the depth of the core & need to do homework on this. By the end of this article, you will have some priorities you need to handle if you are on the way to validating your app idea whether it is ready to go for further development.

Market Research

In order to validate your app idea and find its uniqueness, via performing market research to identify the competition, trends, and market trends. For providing a productive flow of idea, make sure that there are no similar apps in the market. If there, any app similar your app idea exists then finds out their reviews, ratings, and feedback and find out where that app is lacking. That lacking point will help you to make your app idea a unique one.

Understanding Risks

Launching an app is not a hobby but it is a business move. It takes a lot of effort, time and money. On the way to get the idea validation, the very first thing you need to figure out is how much you are committed to your app idea.  

Startup mobile app development comes with both Rewards & Risks. Developing an app could be a life metamorphic decision, but at the same time, if you are not dedicated & do not understand the risk involved you could probably lose millions and months of your time slot.

How much time are you willing to commit? How much money are you willing to invest? Would you be devastated if your startup failed tomorrow? 

Sketching Value Proportions

There are in excess of 2 million apps in the App Store, so obviously, it's difficult to get found. The best way to make long haul progress is to realize what makes your app different. It does not need to be the first of its sort, yet there ought to be a point that separates you from the group.

Answer these three inquiries to begin conceptualizing:

• What does your app user need?
• How does your app unravel that torment point?
• What different solutions are accessible?

From that point, you can get imaginative with the actual messaging. Keep in accordance with your brand and features why clients ought to download your apps over a competitor's app.  

Business Model

Remember you are not building an app you are launching a product or a business. That means a clear picture of the business canvas is needed to be painted.

You need to color all the segments of canvas with effective colors & in-depth research.

There are some effective blocks that should be painted for validating the app idea is Key Partners, Key Activities, Key Resources, Value proportions, Customer relationships, Channel, Customer segments, Cost Structures, Revenue streams.

Flesh out Idea

Getting an app idea in mind and drawing down it on papers takes lots of brainstorming along with creativity. Fleshing out your idea can be informative, as you like, but the deeper you dig, the more confident you can be that a project schedule & budget are what you expect. Creating wireframes, prototypes and MVP is essential to flesh the idea out.

Competitive Development Cost

What is the app development cost of your rivals is the essential point to figure out in the way to validating app idea? Perform a complete analysis of each and every feature of the competitor's app and related development cost and then decide the feasible app development cost of your app so that clients can find even better features in their budget.  

Getting Funds

If you have a superlative app idea and do not have the necessary, amount to invest and also do not want to compromise with your dream then, make finding investors a priority. To getting funds, there are many hands are there in the market who can give you financial support in a way to validate your app idea. All you need to learn how to Raise Investments to Fund an App from Investors.

Execution

The toughest part of starting up is executing. Maybe you have the best app idea in the world, but it means nothing if it only exists in your head. So take the first step, figure out how much dedicated you are and start making your mark from there.