I have a product idea but I'm afraid...
Divyansh Pandey
9 replies
I have a product idea and want to turn it into reality but I'm afraid if I disclose it to anyone he or she might cheat and build it himself/herself.
As a maker how do you deal with this?
P.S. Maybe this is an amateur question, but I want to know how you people deal with this type of thing.
Replies
Sergey Potikhanov@sergeypotikhanov
Someone said that there's a lot of ideas but there's not too many people able to implement them. It's not that easy to steal and build from scratch someone's idea
I also think you'd benefit a lot from validating the idea before starting to implement it
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@sergeypotikhanov 100% agree on the above. It's not the idea nor decision that matters, it is the execution. As a matter of fact, your idea might already be in the market.
@sergeypotikhanov I agree with Sergey. I had the same fear but then I realised that most of the people are simply not able to execute on it.
There is no bullet proof method for this, you could lower the chance of this happening by working with people who would not steal the idea.
I'd rather worry about putting your product in front of the users, than worrying about someone stealing it. Very few companies and ideas have failed due to someone stealing the idea. It's very rare that it's waste of your energy to worry about it.
Ride the wave.
There are stories that their startup competitor has been doing better than them, as the idea came from them first.
Then, ride the wave. It means people recognized the product and validated it.
What matter is who is better at marketing the same product.
Hey Divyansh. I can relate to the hesitation of sharing and have several ideas that are just stored away in a notebook somewhere in my home haha. Sometimes I share the ones I'm not passionate about (freebies) out to the world, but continue to keep the ones I'm passionate about to myself. Exception being is with the product management training and coaching company I'm about to launch. I'm revamping the traditional approach to product management training and have noticed several people rethink their programs after I shared the vision. So while I'm keeping the big ideas I'm not acting on to myself, I've had to become comfortable with sharing the ones I am acting on publicly. Otherwise, it won't be a company and/or I won't be able to draw customers to my company which a big part of business is marketability.
Competition for most products and ideas will always be a thing and yes sadly some ideas are "stolen"- I wish I could say I haven't heard stories of this. Ultimately, what I focus on is knowing that my creative process and execution ability is not something that can be easily copied by others as it is part of who I am and my unique value prop. To conclude my book share haha, I'd recommend writing down strengths that you have that might separate you from potential competitors and also have an honest conversation with yourself on your readiness to bring that idea to life. Many ideas end up in "competitor" hands as the original thinker took too long to execute on the idea. Which is why some of mine will remain in a notebook somewhere in my home if and until I'm ready to act on them. : ) All the best with next steps!
It really doesn't matter if somebody even copies you. Some validation is good that you're on the right path.
Launching soon!
Whatever it is, someone or more than one has already think about it. What matter is the execution... dont be afraid sharing your idea, it's worthless if you haven't validate it.
But if you really afraid, try research & gather feedback first and validate your idea then create your MVP then launch
Ideas are worthless. He wins who can execute things and distribute his product properly.