© Humming Bird
You have tried many ways to fund your seed start-up, find interested parties and test it's potential.
All this can take time and money, sometimes your life savings plus work, involving great sacrifice of family time and social life. Ideally if only at the start you had the answer to some fundamental questions:
If the idea is not viable, you will save immense amounts of time and money, which then can be focussed on another idea, or reformulation/repositioning of the original concept.
Where though can you get the answers to questions 1 - 2? At Test Rat!
This risk assessment tool gives information to add value to your idea and the one element most start-ups leave too late to build—a data base of interested prospects who have taken some action – an ‘optin’ list gives you a clear indication of the risk in taking your idea forward.
Depending on product type, the size of list gives a clear indication of its viability.
For Example a list of a few hundred would be useful to survey feedback about your product (even if not yet produced).
An 'option' list of 1,000 or more might well be sufficient to sell digital products with a good chance of success.
The good news is your test on rat is free! And you can test as many ideas as you wish.
Entry Protocol
Register on www.voroo-names.com by sending us an email
Example of type of format we prefer below.
Hello Test Rat,
Please consider my request to register on Voroo-names.com
Ian Amor. Beverley. Yorks. Date. IDEA: Rare Orchids
I understand my request may be declined without given reason.
Thank you. Entrepreneur <Your email>
You can add a little more information example ideas below:
If accepted we will send you more information: before setting up your idea we reserve the right to decline your request. But keep trying!
The time to test your idea will vary from days to weeks or months depending on the type of product or service, and the number of initial customers you need to make risking capital acceptable. We can give you stats 'on the fly' but these are useful for a limited type of product.
Keep in mind you are building a business and the foundation, a viable documented concept is vital to success. We do like to have your permission to use success stories on our blog; enzine or website; we would protect your privacy or allow you to use as promotional material. The testing of your idea is, we hope, just the start of a fruitful alliance: at the appropriate time we can introduce you to funding agents. We have investors waiting to assess your tested idea.
Although we reserve the right to use any declines or discarded data we collect after testing your idea we have no interest in acquiring rights to your idea or copyright of material you send; this will always remain your intellectual property.
We will be delighted to send you a customised reply if you have questions or concerns.