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A real example of how I test a business idea with ads đ
Following up on last week's post, some of you asked for a real example. Here you go.
Hey! Some of you asked me to show you a real-world example of how to test your business idea, so here you go.
One of my e-commerce clients wanted to try out a different type of product, but itâs not something we can just slap onto their existing Shopify store because itâs a completely different product category.
Before committing to a new Shopify store build, stocking product and negotiating with her vendors, weâre checking how the market responds to the product, and if they are showing buy-intent.
We setup a 2-page dummy store with all the information a real store would have. You can see it live right here: https://drcroc.com.au/ (I use Carrd to build these).
The second page letâs the user know that weâre sold out but weâre currently restocking - and they can opt-in to get notified when they can buy the product.
There are two significant buttons that we track.
If people click on âBuy Nowâ it gets marked as an âAdd To Cartâ and they are moved to the second page.
If people fill in the form and click on âNotifyâ it gets marked as an âInitiate Checkoutâ
For us, the form submissions are ânice to havesâ because we know most people wonât bother giving up their email address so easily. The real value is the event data we track. Not just with the META Pixel, but we also run Microsoft Clarity (like Hotjar, but better) on the pages - so we are recording user activity.
Weâre simply counting how many people clicked on an ad > saw the product page > added to cart > and initiated checkout.
If the numbers add up after our test campaigns, weâll know if this is a product worth stocking and if we should build a new Shopify store.
Here are some of the ad creatives weâre running in case youâre curious.
Feel free to reach out if youâre interested in learning more about testing and validating your business idea this way.
Stay Awesome!
âBob
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