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Magnate
Member Since Jan 2013
Location: Midwest
Posts: 2,456
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#1
As I'm prodding along, I have to figure out things, like how am I actually going to sell my product, how will i manufacture it? This is turning into a massive deal. I can make small amounts at home but would need to get a bigger place to back in and do i need a store front or market the product to various stores? I always wanted to own a business. God finally gave me the idea, now to turn it into something.
__________________ Son: 14, 12/15/2009 R.I.P. Daughter: 20 Diagnosis: Bipolar with Psychosis. Latuda 100 mgs. |
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Threadtastic Postaholic
Member Since Dec 2018
Location: New Jersey
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#2
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__________________ "I carried a watermelon?" President of the no F's given society. |
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Magnate
Member Since Jan 2013
Location: Midwest
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#3
Can't share til it's protected.
__________________ Son: 14, 12/15/2009 R.I.P. Daughter: 20 Diagnosis: Bipolar with Psychosis. Latuda 100 mgs. |
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Legendary Wise Elder
Member Since Dec 2014
Location: US
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#4
It’s very difficult. I think if you don’t even know how you’d manufacture it, then I am not sure how you can have a business? I’d consult with someone.
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Elder Harridan x-hankster
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#5
I hope this isnt another scam to take your money.
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Legendary Wise Elder
Member Since Dec 2014
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#6
I hate being a downer
I recommend you make one of those items and see if you can sell it online like on Etsy or something. I’d not borrow money and mass produce snd then no one wants it. You have to pilot it. Also it’s very very hard to get a patent. You’d think you invented something unique just to find out someone already invented in Mozambique or somewhere else. I’ve read this article about woman who invented poopuri of whatever that bathroom spray. Prior to that she spent her entire life on inventing things and building businesses and none stick. Until she came up with that. It’s life long work I personaly only knew one person who actually had a patent. My grandfather had two patents. They were commercial industrial things that were used in chemical industry/chemical factories and not by regular consumers (he was chemical engineer mainly working in commercial paint production). One patent I remember was a device that helped to wash paint out of barrels in commercial paint production. But chemistry is something he spent his entire life on Can you give us a hint what you invented? Please don’t borrow any money yet |
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Threadtastic Postaholic
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Location: New Jersey
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#7
I’m in agreement with divine on this one. No one here is going to take your idea, figure out how to make it and apply for a patent. And if you used one of those “inventor help” companies or the ones you see advertised on tv most of them are scams or charge you fees and money for doing what you could do yourself
__________________ "I carried a watermelon?" President of the no F's given society. |
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unaluna
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Magnate
Member Since Jan 2013
Location: Midwest
Posts: 2,456
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#8
It's my own unique idea.
__________________ Son: 14, 12/15/2009 R.I.P. Daughter: 20 Diagnosis: Bipolar with Psychosis. Latuda 100 mgs. |
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Magnate
Member Since Apr 2016
Location: Somewhere in South America
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#9
I agree with the others. Take it slowly. From other posts its sounds like you have some debt, so I'd focus on paying that down, since starting a business comes with a lot of costs. While you do that, you can check out free online resources and learn about how to do market research, prepare a marketing strategy, business planning, etc. I have heard the Small Business Administration has programs to help people interested in starting a business. I would imagine there's nothing in-person right now, but there could be online options.
As the others said, don't pay anyone, don't borrow money. Divine had an interesting idea of making some sample items to sell online to see if there is interest in what you are offering. |
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unaluna
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#10
Does it cost you any money at all? I mean any money?
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unaluna
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Magnate
Member Since Jan 2013
Location: Midwest
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#11
Paid 50 to pro bono attorney who is helping me through the process. Found out today not a patent i need, a trademark. So he's going to help me with that. I bought stuff to make it. Attorney said it's like a secret receipe. Like kfc with their seasonings. So i have to go that route. But still i plan to market it.
__________________ Son: 14, 12/15/2009 R.I.P. Daughter: 20 Diagnosis: Bipolar with Psychosis. Latuda 100 mgs. |
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Member
Member Since Apr 2020
Location: New jersey
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#12
Congrats! Im excited to hear about it. Good luck with the trademark!
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Threadtastic Postaholic
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#13
50$ is not probono.I researched trade mark lawyers and found this:
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__________________ "I carried a watermelon?" President of the no F's given society. |
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Legendary Wise Elder
Member Since Dec 2014
Location: US
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#14
How do you know it’s unique though? Something that you think is unique is already being created by Ivan in Vladivostok in 1996. You don’t know if it’s unique. But even if it’s and even if you can sell it, getting a patent and building successful business out of it is extremely difficult. Please be careful
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Legendary Wise Elder
Member Since Dec 2014
Location: US
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#15
Pro bono is free. 50 isn’t. He isn’t pro bono
$50 is likely what you paid to put him on retainer. You’ll receive a bill from him when he is done with all this. It will be several 1000s of dollars at least . No one will do this work for free. |
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Wise Elder
Member Since Dec 2017
Location: Eastern, USA
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#16
Quote:
I tried the entrepreneurship route, and what I can advise from my own failures is to create a business plan from the outset -- you definitely need a very detailed, well thought out, strategic plan in place for how and where it will be manufactured, exactly how much that will cost you, how you will pay for and manage inventory, how you are going to sell your product and where, and how you will bring your product to market and also market it. You will need money for all of these aspects of your business. I would consult with someone on all these details. You need a solid plan. I did not have enough of a plan and my business failed. You also need to prepare to be 200% dedicated to your success, and live and breathe the business for as long as you have it. To be a successful entrepreneur takes dedication and time. Plan on several years before it can really take off. That's what I've read and heard from those who succeed. I've studied those who are successful entrepreneurs, which may be helpful to you to do as well. Best of luck! __________________ "Twenty-five years and my life is still trying to get up that great big hill of hope for a destination" ~4 Non Blondes |
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