Skip to content
Artwork for Bootstrapper's Paradise
Bootstrapper's Paradise · January 20 · 9 min

How to Perform Market Validation (Real Example)

You validated the problem exists. But is it widespread enough to build a business? In this episode, I go deep on market validation for my legal billing SaaS - researching how common the problem is, what the competitive landscape looks like, and whether this opportunity is worth pursuing. What I found: • Problem ranked #3 in the industry (effectively #1 for operational pain) • 10-50% of billable revenue lost to this problem • 20-55% of law firms affected • Competitors have raised nearly $1 billion - that's VALIDATION What you'll learn: • The exact AI prompt I use to research market size • How to rank your problem against other industry pain points • How to find emotional quotes for your landing page copy • Why competitors raising money is good news for you • When to proceed vs. pivot based on research 🎁 FREE RESOURCES: Get my complete Interview-to-Insight template pack (prompts, worksheets, and examples from this video): 👉 https://bootstrappersparadise.com/#build Free Email Course - https://bootstrappersparadise.com/course Private Coaching - https://bootstrappersparadise.com/coaching Bootstrapper's Paradise - https://bootstrappersparadise.com/

0:00-9:27

transcript

No transcript — this publisher did not publish one.

show notes

You validated the problem exists. But is it widespread enough to build a business?

In this episode, I go deep on market validation for my legal billing SaaS -
researching how common the problem is, what the competitive landscape looks
like, and whether this opportunity is worth pursuing.

What I found:
• Problem ranked #3 in the industry (effectively #1 for operational pain)
• 10-50% of billable revenue lost to this problem
• 20-55% of law firms affected
• Competitors have raised nearly $1 billion - that's VALIDATION

What you'll learn:
• The exact AI prompt I use to research market size
• How to rank your problem against other industry pain points
• How to find emotional quotes for your landing page copy
• Why competitors raising money is good news for you
• When to proceed vs. pivot based on research


🎁 FREE RESOURCES: Get my complete Interview-to-Insight template pack (prompts, worksheets, and examples from this video): 

👉 https://bootstrappersparadise.com/#build


Free Email Course - https://bootstrappersparadise.com/course


Private Coaching - https://bootstrappersparadise.com/coaching

Bootstrapper's Paradise - https://bootstrappersparadise.com/

links3