Ever wondered how some startup ideas and products come into being? Yep, we’ve often wondered how fidget spinners were actually a thing too…
If you are like us, you might regularly come up with new spin-off startup ideas that you think could be the next big hit. It’s easy to fool yourself though. Is there any value in what you are proposing you will bring to the market? Is there actually demand for what you and your team are mustering up?
Well you are in luck, we have you covered with this template.
The Product Demand Matrix is mostly used to evaluate if startup ideas or a product is worth pursuing. It won’t necessarily give you the low down on whether an idea is a multi-million dollar hit or not, but it will give you an inkling.
When working on products it’s often easy to get caught up in your idea. You might think that you are hitting a particular niche. Or somewhere there’s a community of people who would just love your book on ironing. Well, maybe there isn’t. In fact, we can probably take a punt and tell you there’s not… or you can let the Demand Matrix tell you that. 😉
Who is the Demand Matrix for?
- Startup founders
- Business owners
- Entrepreneurs looking for ‘the next big thing’
- Product owners and managers
What does it do?
- Tells you if your startup ideas or products are worth pursuing
- Gives you an idea of how likely it is to succeed
Ready to see if that next idea of yours is a hit or not? Click on the yellow ‘Create your matrix’ button to get started. Oh and don’t worry about anyone taking any of your ideas, Deekit boards are 100% priviate and for you and your team’s eyes only!