Jump case: how to assess whether to enter the scrap metal market with a product for cashless payments to individuals?

To assess whether it is worth entering the scrap metal collection market with a product for cashless payments to individuals, a comprehensive analysis should be conducted:

1. Market analysis: evaluate the volume and dynamics of the scrap metal collection market, understand how demand for cashless payments among individuals is developing.
2. Customer needs: conduct interviews and surveys with potential users to understand their pain points and willingness to use cashless tools.
3. Competitors: study existing solutions, their advantages and disadvantages.
4. Regulations: check legislative restrictions and requirements for cashless payments in this field.
5. Financial model: forecast revenues, expenses, profitability, and payback periods.
6. Hypothesis testing: launch an MVP or pilot project to verify demand and technical implementation.

Based on this data, a well-founded decision can be made about entering the market.