What strategies do you use to validate a market in a niche or emerging industry?

I spend some time on research but lot more time on the people who are actively working in that market. That brings more teachings for me that sometimes the secondary research reports, which were created sitting in a comfortable office without proper industry knowledge.

Validating a market in the world of cryptocurrency investment automation is like finding the perfect meme in a sea of cat videos - challenging but oh so rewarding! Have you tried running targeted surveys or analyzing competitor trends to gauge interest?

I look at social media engagement on related topics

I talk to potential customers and test small products versions for feedback.

I run small scale experiments to test viability

I often run focus groups to get detailed feedback

I use pre orders to gauge interest before production.

I look at secondary research and reports for market trends