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5 Ways to Validate a Business Idea, Right Now

Don't let your day job or lack of capital stop you from finding and testing a business idea. Here's how.
Last year, I embarked upon a personal challenge to validate a business idea in 30 days. To make it even more difficult, it was a random idea chosen by my readers. They asked me to do it without using my existing website, traffic and business connections and without spending more than 20 hours per week on the project. On top of that, I limited myself to spending no more than $500 validating this idea. The experiment was a success.In just two weeks, I built an email list of 565 subscribers without having an actual website. Then, I reached out to a handful of those subscribers and pre-sold 12 copies of a book that didn't even exist yet, all in less than 30 days. I wrote about the experiment in real-time with in-depth weekly updates, successes, failures and lessons learned along the way, right here in my validation challenge. Today, I want to share with you the five most effect…

Gionee to announce its first 'Made in India' phone today

Gionee to announce its first 'Made in India' phone today

Gionee, the Chinese mobile phone manufacturer, is expected to announce its first 'Made in India' smartphone on Monday.
The firm will announce its product in the presence of Andhra Pradesh Chief Minister N Chandrababu Naidu. William Lu, President, Gionee and Arvind Vohra, India chief of Gionee will also be present at the event.
Gionee partnered global manufacturers Foxconn and Dixon in September to begin production in India. The company had also announced that it will invest $50 million in next three years on manufacturing in the country.
"Make in India as an initiative (announced by the Modi government) gives an opportunity to not only take Gionee as brand ahead but also to be actively able to participate in the growth of our economy through various touch points", Gionee India Country CEO and MD Arvind R Vohra had said.
Established in 2002, Gionee sells over 23 million handsets a year worldwide and ranks number 10 globally by smartphone market share.