Here’s a brilliant idea coming from Timothy Ferris, author of the Four Hour Work Week. Ebay can be used to test your concepts quickly. Tim uses Ebay to post pictures of the concepts and guages the interest from the market by looking at how many bids he receives and what prices people are willing to pay for this product. He cancels the auction just before it ends and pays a small fee to eBay for doing so, but gets a lot more valuable market research in the process.
