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Pilots, Trials and POC’s – Place Your Bets!

Sales Pop!

Do we cut our price, surrendering precious margin to gain a commitment to begin? And Minimum Viable Products (MVP’s) are no-frills implementations, impacting minimal functionality while still creating value, sparking user engagement, and generating valuable insights. But still, no ink. Perish the thought. Beware, indeed.

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It’s Not a Conversion Problem, It’s a Customer Development Problem

ConversionXL

The Concierge stage is about delivering the product promised in The Pitch, to a few customers with as little technology as possible. The reason you want to start with a small customer base & minimum viable product is so you can work with those customers to create an experience they’re truly excited about.

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Best Small Business Ideas: Practical Tips and Strategies for Success

Salesforce

Set up a landing page or website: Create a basic website with information about your product or service and track interest through email sign-ups or inquiries. Test pricing strategies: Experiment with different pricing models to see what your audience is willing to pay. Calculate financial growth: Will it make you money?

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Startup Failure: How Many Startups Fail & How to Avoid Key Mistakes

Hubspot

Interestingly, entrepreneurs often blame investors for not dishing out enough money, but startup consultant Chase Spenst advises against this mentality. Its also often a good idea to start with a minimum viable product, or MVP, to validate your idea without breaking the bank. Too high, and buyers avoid it.