How to Validate the Market for Your New Product with Ivo Kalburdzhiev of CreatorClub
Ivo Kalburdzhiev, co-founder and CEO of CreatorClub, explains a product market validation process for hardware startups to avoid building unwanted products. He details a funnel using Facebook and Instagram ads to drive traffic to a landing page, where users can sign up or pay a small deposit to reserve a product, such as the DuoBox night-vision camera. Kalburdzhiev emphasizes testing price points, using real product photography over renders, and analyzing metrics like cost per lead and pre-launch metrics to ensure viability before full development. He shares his own past failures, including a failed Kickstarter for an iPad racing wheel and a phone stand, to illustrate the importance of validating demand early.