Startup Advice: AI vs Aron... who gives the best advice?

Today:

🤖 vs. 👨‍💼 Let’s see who gives the best startup advice.

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📺️ A video explaining exactly how to launch a startup.

You vote and we’ll decide who wins.

📜 Rules:
1. We ask AI and Aron (me) the best method to launch a startup.
2. Aron answers first, so he’s not influenced by the AI’s reply.
3. You vote to determine the winner - who gave the best advice.

This is the first in series of startup advice by AI and by a human, so we can see which is more helpful.

Let’s go.

The Challenge: In a maximum of 3 paragraphs, best explain the steps someone should take to launch a startup. Let’s assume they are launching something in the sneaker industry with a very low budget to launch. The entrepreneur has an idea but isn’t sure if it is a good idea for the sneaker market. Feel free to summarize in a paragraph at the end.

GO!

🙋‍♂️ Aron:

This is how I recommend starting:

1. First, I would make sure that you are solving a real problem where people are actively seeking a solution. And, instead of assuming that you know what customers need, I believe you need to go talk to them face to face. If you have an idea, great… let’s keep it on the shelf for now. You need to create a target audience. Who is the exact perfect fit for your sneaker startup? Next, determine where these people hang out both online and offline.

2. Second, self-evaluate… do you hang out in these groups as well? Do you know a lot of people in the sneaker industry? If you came up with a good solution, can you easily reach them (distribution)? Go talk to the people in this target audience and ask several of them (at least 20 people) what problems really frustrate them in the sneaker market. Ask them how they are trying to solve this problem. Keep your solution secret for now. Find out why this problem hasn’t been solved yet.

3. Finally, if you are hearing the same problems over and over, great. Go back to the drawing board and come up with 2 or 3 potential solutions. Revisit your target audience and present these solutions. Listen for good early signals (excitement, willingness to buy or preorder, asking when the product will be ready). If possible, take preorders for your solution. Create an MVP — the most basic version of the solution — and show it to them. If they are still excited, you’re ready to get rolling! Find cost effective ways to market your MVP. Plug into social media groups if you aren’t already and you’ll be off and running!

Summary: It is important to make sure you’re solving a real problem that buyers are actively trying to solve. You need to make sure they will pay you for this solution. Once you are positive you’ve found a solution, work on your business model… how will you make money from this venture in return for providing value to the customers? Determine if this is something that can easily scale. And, remember, always listen for early signals that you are on the right track. Make sure your target audience is the right fit for this, and go beyond asking friends and families for feedback.

🤖 AI:

Launching a startup in the sneaker industry with a limited budget requires careful planning and validation of your idea. Here are the steps you should consider:

1. Market Research: Begin by conducting thorough market research to assess the potential demand for your sneaker product. Identify your target audience, study their preferences, and understand existing competitors and market trends. Analyze factors such as consumer behavior, pricing, distribution channels, and any gaps in the market that your idea can fill. This research will help you determine if your idea aligns with the needs and interests of the sneaker market.
   

2. Validate Your Idea: Once you have conducted market research, it's essential to validate your idea. Seek feedback from potential customers, industry experts, and individuals within your target market. Consider creating prototypes or mock-ups of your sneakers to showcase your vision and gather early feedback. Leverage online communities, social media platforms, and industry events to engage with potential customers and gain valuable insights. By validating your idea early on, you can refine and adjust your approach before investing significant resources.
   

3. Develop a Minimum Viable Product (MVP): With a validated idea, focus on developing a minimum viable product (MVP) that demonstrates the core value of your sneaker brand. Keep costs low by starting with a small production run or utilizing drop-shipping methods. Emphasize quality, design, and unique features that differentiate your sneakers from competitors. Leverage cost-effective marketing strategies such as social media, influencer collaborations, and content creation to generate buzz and attract initial customers. As you gain traction and feedback, iterate and improve your product based on customer insights, paving the way for future growth.

Summary: Remember, launching a startup requires adaptability, resilience, and a willingness to learn from both successes and failures. Stay attuned to market changes, continuously iterate your product, and maintain a strong connection with your target audience to thrive in the competitive sneaker industry.

VOTE 👇️ 

Here is a video that we made explaining the startup journey. How to launch vs. how NOT to launch.

Direct link to the video: https://youtu.be/hzhUEX-3Fl0

Check out our Tik Tok videos for more quick advice ⬇️ 

Take care.

Aron