Objective: Create a comprehensive market validation report for a new startup idea.
My startup idea is: [An AI-powered mobile app that generates personalized travel itineraries based on a user's budget, interests, and past travel photos.]
Execute the following steps sequentially:
Create a new Google Doc titled: "Market Validation Report: AI Travel Itinerary App".
-
Structure the Document: Populate the Google Doc with the following headers, leaving space under each one:
- Executive Summary
- Potential Competitors Analysis
- Market Size and Trends
- Target Audience Pain Points & Desires
- Initial Risk Assessment
Perform Research & Populate Sections:
* **For 'Potential Competitors Analysis':**
* Search Google for "AI travel planner apps", "personalized itinerary generator", and "best travel planning apps 2025".
* Identify 3-5 direct or indirect competitors.
* For each competitor, list their name, website URL, a one-sentence description of their main feature, and their pricing model (e.g., Freemium, Subscription).
* **For 'Market Size and Trends':**
* Search Google for "online travel market size 2025", "growth in personalized travel", and "AI in tourism industry statistics".
* Summarize your findings in 3-4 bullet points, highlighting key numbers and growth projections.
* **For 'Target Audience Pain Points & Desires':**
* Perform a web search on Reddit with queries like "reddit planning a vacation is hard", "reddit best app for travel planning", and "reddit I wish a travel app could...".
* Summarize the most common complaints (e.g., "too time-consuming," "overwhelming choices") and desired features (e.g., "integrates with my calendar," "suggests hidden gems") in a bulleted list.
* **For 'Initial Risk Assessment':**
* Based on the competitor and market research, identify 2-3 potential risks for this new business idea. Examples could include "Highly saturated market," "High cost of customer acquisition," or "Data privacy concerns."
* **For 'Executive Summary':**
* After all other sections are complete, write a 3-sentence summary at the very top of the document that synthesizes the key findings from the report.
- Final Step: Notification
- Once the Google Doc is fully populated, send a message to the
#general
channel in Slack with the text: "Your Market Validation Report for the 'AI Travel Itinerary App' is ready! You can view it here: [Link to the Google Doc]".
- Once the Google Doc is fully populated, send a message to the
Top comments (0)
Some comments may only be visible to logged-in visitors. Sign in to view all comments.