May 15, 2022
Market Research for Bootstrappers: What Actually Matters
Market research doesn't require consultants or surveys. It requires conversations.
What We Did
Talked to 50 SMEs: Asked about pain points, current tools, budget.
Shadowed 3 businesses: Watched their daily operations. Saw problems firsthand.
Tested Pricing: Asked "Would you pay X for Y?" Adjusted based on reactions.
What We Learned
Problem: Real. Businesses struggle with inventory and sales tracking.
Willingness to Pay: Yes, but price-sensitive. $50-100/month is the sweet spot.
Competition: Exists but weak. Most solutions are too complex or too expensive.
The Investment
Time. Maybe 40 hours total. Zero budget.
The Validation
Pre-sold to 3 businesses before building. That was the real validation.
The Lesson
Talk to customers before writing code. Sounds obvious. Most people skip it.