Turning Your Idea Into a Billion $ app!
IDEA! It could hit you right in the face any moment. Weather you’re showering, driving, watching a movie or while speaking to friend, ideas just pop out randomly out of nowhere . Then again idea is just an idea if you don’t execute it and benefit out of it, especially on turning an idea into an app. So what exactly should you do to turn your idea into an app and where should you actually start?
- Settle on ONE idea.
You may have multiple ideas running in your head, but if you try to develop all of them at once the chances are that none of them will see the light of the day. Why do we say that? Because your approach is all WRONG! Playing around with different ideas every day and trying to figure out whether they motivate you or whether they work won’t get you anywhere.
Go through those multiple ideas and find ONE IDEA that you’ll feel passionate about and stay with it. Have a solid research on the target market, have a good strategy and a sound business plan.Only then will you know whether or not that business idea is worth a million dollars.
- Validate your idea.
VALIDATE! VALIDATE! VALIDATE!
We can’t emphasize enough on this point. Your idea is absolutely worthless if you keep it to yourself and don’t test it with your potential customers. Remember! Nothing beats an actual customer using your product or service.
How do you get to customers when you’re at the idea stage and don’t want to spend a huge sum building something they don’t want? Build a minimum viable product (MVP) or a prototype. YES! The whole point of this is to put out something that offers the core value of your startup or that solves the core problem of your customers.
Look, your prototype doesn’t have to be an app. It could be a PowerPoint slide, a dialogue box or just a landing page. This is something that you can often build in a day or a week. A prototype can be an actual functioning product with the core features offered.Share this with your potential customers and see the response. Are they excited to use it? Do they feel their problems are resolved by using your product? Is it easy to use?
- Just Build It.
There is no such thing as a million-dollar idea. Uber was not a million or billion dollar idea until Travis Kalanick made sure that his idea saw the light of the day..
Ideas turn into apps which themselves evolve over a period of time through constant customer feedback and use. Do your initial research and build a prototype, beta or a minimum viable product and get it out in the hands of the customer. Let your customer decide whether the idea is of value or not.
- Find a Large Market
Don’t waste your time on an idea that doesn’t have a large target audience. Of course, you can start local and expand later, but is your idea only solving the needs of a few hundred? Is your idea has the ability to solve a problem a next hundred thousand people have? If not, you’re not building a business.
THINK BIG!! THINK GLOBAL if you can. Target your idea onto a larger audience and you’ve got yourself a product with the potential to grow into a larger and a more successful business.
- Make it a must-have
If you have ever taken a walk down the startup idea path you would see there are so many complete gibberish ideas are out there. You have to make sure that your idea doesn’t come to be one of them.
Develop your idea into a successful apps that helps you create and sustain a business, then go after must-have app idea. Because nice-to-have apps are mostly in the fresh domain or are not attractive enough for customers to have it on their smartphone.
So take a deep breath and decide what’s IMPORTANT to you. If your gut says that your idea is a million dollar one just go for it. Do your basic research and build your app, consult the experts and thought leaders and see if it has the potential to be a million dollar or a billion dollar idea.
