517 lines
14 KiB
Markdown
517 lines
14 KiB
Markdown
# Trend Validation Checklist
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## Overview
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This checklist helps you systematically validate whether a potential trend is real, sustainable, and represents a genuine opportunity. Use this before investing significant time or resources into pursuing a trend.
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## Quick Assessment (5 Minutes)
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Use this for initial filtering of potential trends:
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### Minimum Viability Check
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- [ ] Multiple independent people/sources mentioning this (not just one viral post)
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- [ ] Trend has a clear name/description (not vague or ambiguous)
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- [ ] You can find at least 3 different data sources confirming interest
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- [ ] Interest appears to be growing, not declining
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- [ ] There's evidence people are searching for this (Google Trends confirms)
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**If ALL 5 are checked → Proceed to full validation**
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**If fewer than 5 → Likely not worth pursuing right now**
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---
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## Full Validation (30-60 Minutes)
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### Part 1: Demand Validation
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#### Search Interest ✅
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- [ ] Google Trends shows rising or sustained interest (not declining)
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- [ ] Trend data spans at least 3 months (not just a spike)
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- [ ] Related searches exist and are growing
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- [ ] People are asking questions about it (autocomplete, "People also ask")
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- [ ] Search volume is significant enough (not zero or "not enough data")
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**Evidence to collect**:
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- Screenshot of Google Trends graph
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- List of related/rising searches
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- Estimate of search volume level (high/medium/low)
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---
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#### Social Proof ✅
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- [ ] Active conversation on at least 2 social platforms
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- [ ] Hashtag or keyword shows growth (views, posts, engagement)
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- [ ] Multiple types of content creators covering it (not just one niche)
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- [ ] Comments/engagement indicate genuine interest (not bots)
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- [ ] User-generated content exists (people creating, not just consuming)
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**Evidence to collect**:
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- TikTok: Hashtag view counts and growth
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- Instagram: Post count and engagement rates
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- Reddit: Discussion threads and upvotes
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- YouTube: Video counts and view rates
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- Twitter: Tweet volume and sentiment
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**Red flags** 🚩:
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- Only one platform talking about it
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- All content from the same source/brand
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- Comments feel astroturfed or fake
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- No organic user-generated content
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---
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#### Community Formation ✅
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- [ ] Dedicated communities exist (subreddits, Facebook groups, Discord servers)
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- [ ] People asking questions and helping each other
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- [ ] Resources being created (wikis, guides, recommendations)
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- [ ] Recurring members/participants (not drive-by traffic)
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- [ ] Organic growth in community size
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**Evidence to collect**:
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- Community names and sizes
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- Engagement metrics (posts per day, comments)
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- Examples of helpful resources being created
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**Red flags** 🚩:
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- No communities exist yet
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- Communities are ghost towns
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- Only promotional content, no genuine discussion
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---
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### Part 2: Commercial Validation
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#### Products/Services Available ✅
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- [ ] Products or services currently being sold
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- [ ] Multiple sellers/brands (not just one)
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- [ ] Price points established (market has agreed on value)
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- [ ] Sales data or indicators available (reviews, ratings, rank)
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- [ ] Inventory movement (products selling out or restocking)
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**Evidence to collect**:
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- Amazon: Best seller rank, review counts
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- Etsy/Shopify: Number of shops selling
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- Price range: Low to high
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- Sales indicators (review velocity, stock status)
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**Red flags** 🚩:
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- No commercial products exist
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- Only one brand with no competition
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- Products available but zero reviews/sales
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- Wildly inconsistent pricing (market confusion)
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---
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#### Willingness to Pay ✅
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- [ ] Evidence of actual purchases (reviews, unboxings, testimonials)
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- [ ] People asking "where to buy" in comments/forums
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- [ ] Affiliate links or recommendations in content
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- [ ] Price points seem sustainable (not loss-leaders)
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- [ ] Multiple price tiers exist (budget to premium)
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**Evidence to collect**:
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- Customer reviews mentioning purchase
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- "Where to buy" comments
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- Affiliate content or recommendation posts
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- Price analysis across tiers
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**Red flags** 🚩:
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- People interested but not buying
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- All commercial products are failures/negative reviews
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- Only free versions exist, no paid offerings
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- "Where to buy" questions go unanswered
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---
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### Part 3: Sustainability Assessment
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#### Trend Drivers ✅
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- [ ] Clear underlying need being fulfilled (functional, emotional, social)
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- [ ] Multiple drivers (not just one thing making it popular)
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- [ ] Drivers are sustainable (not based on single event/person)
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- [ ] Aligns with broader macro trends
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- [ ] Makes logical sense (not purely random)
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**Evaluate each driver**:
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| Driver Type | Present? | Sustainable? | Notes |
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| ------------------ | -------- | ------------ | -------------------------------- |
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| Functional need | Y/N | Y/N | What problem does it solve? |
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| Emotional benefit | Y/N | Y/N | How does it make people feel? |
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| Social/identity | Y/N | Y/N | What does it signal? |
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| Novelty | Y/N | Y/N | What's new about it? |
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| Technology enabler | Y/N | Y/N | What tech makes it possible? |
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| Cultural shift | Y/N | Y/N | What value is changing? |
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| Economic factor | Y/N | Y/N | What financial aspect drives it? |
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**Strong trends have 3+ sustainable drivers**
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**Fads typically have only 1 driver (often just novelty)**
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---
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#### Fad vs. Trend Analysis ✅
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**Fad Indicators** (❌ Warning signs):
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- [ ] Viral spike with no sustained interest
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- [ ] Pure novelty with no practical benefit
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- [ ] Celebrity/influencer-driven only (no organic adoption)
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- [ ] Makes no logical sense (random)
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- [ ] Similar past fads that quickly died
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- [ ] No clear target audience problem solving
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- [ ] Single channel/platform phenomenon
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**Trend Indicators** (✅ Positive signs):
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- [ ] Sustained growth over months
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- [ ] Solves real problem or fulfills genuine need
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- [ ] Multiple independent drivers
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- [ ] Cross-platform and cross-demographic spread
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- [ ] Related to broader macro trends
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- [ ] Commercial ecosystem forming
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- [ ] Organic community building
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**Score**:
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- Fad indicators: [X] / 7
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- Trend indicators: [X] / 7
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**If more fad indicators than trend indicators → High risk**
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---
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### Part 4: Opportunity Assessment
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#### Market Characteristics ✅
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- [ ] Market size is sufficient for your goals
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- [ ] Market is growing (not shrinking or flat)
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- [ ] Target audience is defined and reachable
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- [ ] Multiple customer segments or use cases exist
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- [ ] Market is not fully saturated yet
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**Market Size Estimate**:
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- Potential customers: [Estimate]
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- Annual spending on category: [If available]
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- Growth rate: [Percentage or direction]
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---
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#### Competitive Landscape ✅
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- [ ] Competitive intensity is acceptable (not zero, not overwhelming)
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- [ ] Existing solutions have gaps or weaknesses
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- [ ] Room for differentiation exists
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- [ ] Not dominated by major players with unlimited resources
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- [ ] Barriers to entry are manageable
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**Competition Analysis**:
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| Factor | Assessment | Notes |
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| ------------------------------ | --------------------------------- | ----- |
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| Number of competitors | Few / Moderate / Many | |
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| Quality of solutions | Poor / Mixed / Excellent | |
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| Market concentration | Fragmented / Balanced / Dominated | |
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| Innovation rate | Slow / Moderate / Fast | |
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| Your differentiation potential | High / Medium / Low | |
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---
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#### Timing Assessment ✅
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- [ ] Trend is early enough (not oversaturated)
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- [ ] Trend is mature enough (not too speculative)
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- [ ] Window of opportunity is open
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- [ ] No major negative catalysts on horizon
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- [ ] Momentum is in your favor
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**Trend Lifecycle Stage**:
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- [ ] Innovators (2.5%) - Very early, high risk, high potential
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- [ ] Early Adopters (13.5%) - Early but validated, good timing
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- [ ] Early Majority (34%) - Growing rapidly, competitive
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- [ ] Late Majority (34%) - Mature, saturated, late
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- [ ] Laggards (16%) - Declining, very late
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**Ideal entry: Early Adopters to Early Majority transition**
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---
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### Part 5: Execution Feasibility
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#### Resource Requirements ✅
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- [ ] You can afford the capital investment required
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- [ ] You have or can acquire necessary skills
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- [ ] Timeline fits your constraints
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- [ ] You can access the target audience
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- [ ] You have or can build distribution channels
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**Resource Check**:
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- Capital needed: [Amount or Low/Med/High]
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- Key skills required: [List]
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- Time to first revenue: [Estimate]
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- Distribution channels: [Available channels]
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---
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#### Personal Fit ✅
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- [ ] Topic interests you (important for sustained effort)
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- [ ] Aligns with your skills or learning goals
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- [ ] Fits your values and brand
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- [ ] You understand the target audience
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- [ ] You're willing to commit for required timeline
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**Personal Alignment Score**: [X] / 5
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---
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### Part 6: Risk Assessment
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#### Identified Risks ✅
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**Market Risks**:
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- [ ] Assess: Could this trend reverse or decline quickly?
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- [ ] Assess: Is the market size actually too small?
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- [ ] Assess: Are customer acquisition costs too high?
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**Competitive Risks**:
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- [ ] Assess: Could a major player easily enter?
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- [ ] Assess: Is there a risk of being out-competed on price?
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- [ ] Assess: Could your approach be easily copied?
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**Execution Risks**:
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- [ ] Assess: Is this harder to execute than it appears?
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- [ ] Assess: Are there supply chain or operational challenges?
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- [ ] Assess: Do you have all the skills/resources needed?
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**External Risks**:
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- [ ] Assess: Regulatory risks?
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- [ ] Assess: Economic downturn impact?
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- [ ] Assess: Platform/distribution risks?
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- [ ] Assess: Cultural backlash potential?
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**List all identified risks**:
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1. [Risk]: [Likelihood: High/Med/Low] [Impact: High/Med/Low]
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2. [Risk]: [Likelihood: High/Med/Low] [Impact: High/Med/Low]
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3. [Risk]: [Likelihood: High/Med/Low] [Impact: High/Med/Low]
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**High likelihood + High impact risks = Proceed with caution or pass**
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---
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## Validation Scoring
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### Calculate Overall Scores
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**Demand Score** (/15 possible):
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- Search Interest: [X] / 5
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- Social Proof: [X] / 5
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- Community Formation: [X] / 5
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- **Total**: [X] / 15
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**Commercial Score** (/10 possible):
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- Products Available: [X] / 5
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- Willingness to Pay: [X] / 5
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- **Total**: [X] / 10
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**Sustainability Score** (/14 possible):
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- Trend Drivers: [X] / 7
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- Trend vs. Fad: [X] / 7
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- **Total**: [X] / 14
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**Opportunity Score** (/15 possible):
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- Market Characteristics: [X] / 5
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- Competitive Landscape: [X] / 5
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- Timing Assessment: [X] / 5
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- **Total**: [X] / 15
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**Execution Score** (/10 possible):
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- Resource Requirements: [X] / 5
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- Personal Fit: [X] / 5
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- **Total**: [X] / 10
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**Overall Validation Score**: [X] / 64
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---
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## Decision Framework
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### Score Interpretation
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**50-64 points** (78%+): 🟢 **High Confidence - Pursue**
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- Strong trend with clear opportunity
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- Multiple validation signals
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- Manageable risks
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- Good personal fit
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- **Action**: Move forward with confidence
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**40-49 points** (62-77%): 🟡 **Medium Confidence - Validate Further**
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- Promising trend with some gaps
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- Some validation signals
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- Moderate risks
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- **Action**: Run small tests before full commitment
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**30-39 points** (47-61%): 🟠 **Low Confidence - Proceed with Caution**
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- Weak trend signals or poor fit
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- Significant risks or gaps
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- **Action**: Only pursue if you have unique advantages
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**Below 30 points** (<47%): 🔴 **Do Not Pursue**
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- Insufficient validation
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- Too many red flags
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- Better opportunities elsewhere
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- **Action**: Pass and look for better trends
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---
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## Red Flags Summary
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**Automatic disqualifiers** (even if score is high):
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- [ ] Clear evidence of declining interest
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- [ ] No commercial validation after 6+ months
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- [ ] Dominated by major player with unlimited resources
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- [ ] Conflicts with regulations or laws
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- [ ] Requires resources you cannot access
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- [ ] Purely dependent on single platform/person/event
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**If any of these are checked, seriously reconsider pursuing**
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---
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## Final Validation Questions
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Before committing, answer these honestly:
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1. **Would you still pursue this if it took 2x longer than expected?** Y/N
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2. **If this trend declined 50%, would there still be an opportunity?** Y/N
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3. **Can you reach your target customers cost-effectively?** Y/N
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4. **Do you have or can you build a defensible position?** Y/N
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5. **Is this aligned with where you want to be in 3 years?** Y/N
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**If 4-5 Yes**: Green light ✅
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**If 2-3 Yes**: Proceed cautiously ⚠️
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**If 0-1 Yes**: Probably pass ❌
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---
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## Documentation Template
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Use this to record your validation results:
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```
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TREND VALIDATION REPORT
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-----------------------
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Trend Name: [Name]
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Validation Date: [Date]
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Validated By: [Your name]
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SCORES:
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- Demand: [X]/15
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- Commercial: [X]/10
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- Sustainability: [X]/14
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- Opportunity: [X]/15
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- Execution: [X]/10
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- TOTAL: [X]/64 ([X]%)
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CONFIDENCE LEVEL: [High/Medium/Low]
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KEY FINDINGS:
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- Strength 1: [Finding]
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- Strength 2: [Finding]
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- Strength 3: [Finding]
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- Risk 1: [Finding]
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- Risk 2: [Finding]
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DECISION: [Pursue / Test / Pass]
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RATIONALE:
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[2-3 sentences explaining your decision]
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NEXT STEPS:
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1. [Action]
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2. [Action]
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3. [Action]
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REVIEW DATE: [When to re-assess]
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```
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---
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## Validation Workflow
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**Step 1**: Quick Assessment (5 min)
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- If fails → Pass
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- If passes → Continue
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**Step 2**: Full Validation (60 min)
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- Complete all sections
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- Calculate scores
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- Document findings
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**Step 3**: Decision
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- Review score and flags
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- Answer final questions
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- Make go/no-go decision
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**Step 4**: Action
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- If pursuing → Create action plan
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- If testing → Design small experiment
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- If passing → Document for future reference
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**Step 5**: Review
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- Set reminder to re-validate in 30-90 days
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- Track if predictions were accurate
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- Refine your validation process
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---
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## Remember
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- **Validation is not procrastination** - it's smart risk management
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- **No trend is perfect** - you're looking for "good enough," not flawless
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- **Trust your gut** - if something feels off despite good scores, dig deeper
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- **Document everything** - future you will thank present you
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- **Update regularly** - trends change, re-validate periodically
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The best time to catch a trend is when validation is strong but competition is still light. Use this checklist to find that sweet spot! 🎯
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