5 Ways to Validate Your Business Idea Without Spending More Than $50

Validate your business idea

You’ve got a business idea — maybe even a brilliant one. But before you start building a product, designing a logo, or dreaming of quitting your job, there’s one crucial step you can’t skip: validation.

Validating your business idea means making sure there’s a real demand for what you want to offer. It’s how you avoid sinking months of time and thousands of dollars into something nobody actually wants.

Here’s the best part: you don’t need a huge budget to get this clarity.

In fact, you can start validating your business idea with less than $100 — and in many cases, even less than that. All you need is a bit of creativity, the right tools (most of them free or super cheap), and the willingness to talk to people.

In this article, I’ll walk you through 5 proven ways to validate your idea — all without blowing your budget. Whether you’re building a service, product, or app, these strategies will help you test the waters before going all in.

Way #1: Talk to Real Potential Customers (Cost: $0)

One of the simplest and most overlooked ways to validate your business idea is to just have real conversations with the people you think might buy from you. No fancy tools, no budget required — just genuine curiosity.

Why it matters

Talking to potential customers helps you quickly understand if there’s a real pain point your idea solves. And better yet, it gives you the exact language people use to describe their problems — which can shape your messaging later.

Where to find potential customers (for free)

  • Reddit (find subreddits related to your niche)
  • Facebook Groups
  • LinkedIn communities
  • Slack groups or Discord servers
  • Online forums (Quora, Indie Hackers, niche-specific ones)

What to ask

Don’t pitch. Instead, be curious. Here are a few great starter questions:

  • “What’s your biggest challenge with [problem your idea solves]?”
  • “Have you tried solving it before? What worked or didn’t work?”
  • “Would you pay for a solution? If so, what would it need to do?”

Pro Tip:

Use a free tool like Google Sheets to track the answers. Look for patterns in pain points, language, and behavior. If 5 out of 10 people describe the same frustration, you’re onto something.

Way #2: Set Up a Pre-Order or Waitlist (Cost: $0-$50)

If you want the clearest signal that people are interested in your idea — give them a way to raise their hand. A pre-order page or waitlist is one of the most powerful ways to validate demand, because it asks people to take real action.

No more “that’s a cool idea.” You’re testing whether people are ready to commit.

Why this works

It’s easy to say “I’d buy that” — but it’s another thing to join a list, submit an email, or put money down. Even a free waitlist helps you identify early believers and measure true interest.

Tools to set it up (no cost required)

  • Google Forms – simple interest or waitlist form
  • Tally.so – beautiful and flexible for free
  • Mailchimp or ConvertKit – create landing pages with email capture
  • Gumroad – allows free or paid pre-orders (digital or physical products)

What to include

  • Short, punchy explanation of your offer
  • A mockup or visual, if available
  • A clear CTA: “Join the waitlist,” “Get early access,” or “Pre-order now”

You can use this strategy whether you’re planning a product, a course, a tool, or even a new service. All you need is the promise of value — not a finished product.

Pro Tip:

Offer a bonus for early interest — like an exclusive discount, early-bird content, or behind-the-scenes updates. This gives people a reason to sign up now and helps you build momentum while you finish building.

Way #3: Assess Market Size and Demand Trends (Cost: $0)

Before diving into building something, it’s smart to zoom out and ask: “Is there enough demand for this idea to succeed — and grow?”

Beyond identifying interest, understanding the broader market can help you fine-tune your business model. Are you targeting a niche that’s scalable? Is your offering aligned with what people are actively seeking?

Assessing the market size, search volume, and trends can help you avoid launching into a niche that’s too small or already declining.

How to assess market potential (for free):

  • Google Trends – see if interest in your topic is rising, steady, or fading
  • Ubersuggest or Ahrefs Free Tools – estimate monthly search volume for key terms
  • Google Keyword Planner – check what people are actively searching for
  • Statista or IBISWorld Free Reports – explore industry size and growth data
  • Browse Reddit, Quora, or Product Hunt to see what’s trending organically

What to look for:

  • Consistent or growing interest over time
  • Multiple related keywords with decent search volume
  • Gaps in the market or underserved angles in an otherwise busy niche

If the market is big enough and you can carve out a unique slice of it — that’s a strong green light to continue validating.

Pro Tip:

Search “[your idea] + market size” or “[your idea] + industry report” on Google. You’ll often find free blog posts, summaries, or whitepapers with key stats — enough to get a solid picture without paying for expensive research.

Way #4: Run a Poll or Survey to Gauge Interest (Cost: $0)

If you have even a small group of followers, email subscribers, or community access, you can validate your idea by asking one simple thing: “What do you want help with the most?”

Polls and surveys are perfect for quickly testing which ideas resonate and which ones don’t — without having to build anything first. This feedback is gold when shaping your value proposition or deciding which angle to pursue in your marketing strategy.

Tools you can use (all free):

  • Instagram Stories – use polls, sliders, or question boxes
  • LinkedIn Polls – great for professional or B2B audiences
  • Twitter/X Polls – fast, and great for short, punchy ideas
  • Typeform, Google Forms, or Tally.so – for longer surveys with follow-ups

What to ask

Keep it simple and value-focused. Here are a few ideas:

  • “Which of these problems frustrates you most?”
  • “Would you pay for a solution like [brief description]?”
  • “Which of these solutions would you try first?”
  • “Want to test this with me? Leave your email.”

Even 10–20 focused responses can reveal clear patterns about what your audience needs — and what they don’t care about.

Pro Tip:

Add an optional open-ended question at the end like “Is there anything you’d wish existed to solve this problem?” You’ll often get golden insights, pain points, and even unexpected product ideas straight from your audience’s minds.

Way #5: Check If People Are Advertising Similar Solutions (Cost: $0)

One of the fastest ways to validate demand is to see if others are already spending money to offer a similar solution.

Not only does this suggest there’s a real market, but it also gives you insight into how competitors structure their business model and what kind of messaging works in paid channels. This competitive analysis can guide how you differentiate yourself and craft your own marketing strategy.

If people are running ads, it usually means two things:

  1. There’s a market.
  2. That market is profitable enough to justify ad spend.

This is a quick and free way to spot validation signals without needing direct feedback.

Where to look:

  • Google Search Ads
    → Search keywords related to your idea (e.g. “freelancer CRM software”, “meal prep delivery”)
    → Are there ads at the top? That’s a sign people are competing to capture that demand.
  • Facebook Ads Library
    → Go toFacebook Ad Library
    → Search for terms or brands related to your niche
    → You’ll see real, currently active ads and how they’re positioning their offer
  • Instagram & YouTube Ads
    → Scroll your feed or watch content in your niche. What types of ads pop up?
  • Google Trends + Ubersuggest
    → Use these to see if search interest matches ad presence.

What to take note of:

  • How they pitch the product
  • What pain points or benefits they focus on
  • What kind of visuals or messaging they use
  • Are they offering a free trial, demo, or instant purchase?

If multiple companies are running similar ads — especially consistently — it’s a strong sign the market has real paying customers.

Pro Tip:

Don’t just look — screenshot or save 3–5 examples and analyze their wording, visuals, and offers. Use this intel to shape your landing page or test ideas. You’re reverse-engineering what’s already working — for free.

Conclusion

Validating your business idea doesn’t have to be expensive, complicated, or time-consuming. With less than $100 — and in many cases, with no money at all — you can gather real-world signals that tell you if your idea has potential.

Whether you’re experimenting with small business ideas or refining a more developed concept, the key is to ensure your business model is based on solving real problems for real people. The only way to know if you’re doing that is to validate before you build.

So pick one or two of the methods from this list, take action this week, and start gathering feedback.

Because the sooner you validate, the sooner you’ll know whether to pivot, polish, or press forward.

You don’t need perfection. You need proof.

RECEIVE OUR UPDATES

The Biz Model Club

Get daily, no-fluff insights on the latest business models, startup strategies, and trends delivered straight to your inbox.