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October 17, 2025 3 mins
Episode 5: Evaluating Market Demand — How to Know if People Will Buy Your Invention
Inventor Coach Brian Fried shares quick, practical ways to test whether your invention has real demand — before you invest heavily. Learn how to collect honest feedback, analyze existing products, run low-cost tests, and validate your idea with real customers.

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Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:15):
Hey, it's Brian Freed, your inventor coach. You've got a
great idea, maybe even a prototype, But here's the million
dollar question, will anyone actually buy it? Today? I'm breaking
down how to test market demand before you pour time
and money into production. Let's get started. One of the
biggest mistakes I see inventors make is falling in love

(00:38):
with their idea and assuming the world will too. But
assumptions are dangerous. What you need is proof. Start by
getting feedback from real potential customers, not only a friends
or family. Show a simple sketch of prototype, and ask
clear questions, would you use this, how much would you pay?
What would make it better? Their answers might surprise you

(01:01):
and they'll help guide your next steps. Next, do a
reality check. Search Amazon, at se or retail sites and
brick a mortar stores for similar products. What exists already?
What are the reviews saying? Gaps and complaints in those
reviews are opportunities for you. There's something I always tell inventors.

(01:23):
You don't need a finished product to test the market.
As long as you have an issue a filed patent,
Why don't you create a simple landing page with your
product image description and a buy now or learn more button.
Then you can run a small ad campaign. If payople click,
you're onto something. If they don't, better to learn now
than after spending thousands. You can also collect feedback through

(01:47):
quick surveys, social media polls, or even setting up a
table at a local event. The goal is the same,
real world reactions from real people. If there's one takeaway
from today, it's this, don't build it and hope they come.
Test early, test often, Let the market guide your decisions,

(02:07):
and your invention will have a much better chance of success.
If you have a great invention idea but need the
right support to bring it to life, the Inventor Smart
Community app is here for you. Join a vibrant network
of inventors, entrepreneurs, startups, and service providers, all working together
to share knowledge, collaborate, and move their inventions forward. With

(02:31):
group chats, exclusive webinars, live events, and a rich resource library,
the app offers everything you need to learn, connect and
grow your invention journey, showcase your ideas, get feedback, and
find the support you need at every stage from brainstorming
to licensing and manufacturing. Upgrade to a premium membership to

(02:54):
unlock even more powerful tools and opportunities. Download the Inventor
Smart Community app today at app dot inventorsmart dot com
or from the Apple App Store or Google Play. Start
inventing with a community built to help you succeed. If
this helped you think differently about your idea, hit subscribe

(03:14):
and leave a review. And for more free resources and
tools to validate your invention, visit invention playbook dot com.
Before you go big, find out if people actually want
what you're creating. Until next time, Inventor Coach out
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