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So, you already know that you'll have a lot of competition -- which will restrict your profits and your chance of making it work. And you must assume that the suppliers already have favorite customers, so that's why they are ignoring you. You've failed to tie your idea to a demonstrated customer need... And you wanted to start what?
It's a life improvement product don't want to be to specific, I may do it possibly, need to listen to xeon and see if I can find another supplier,
 

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OP
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So I'm no longer bankrupt, and have money to eat and whatnot yoo hoooo. My desk is filled with food which looks super cool, starving totally sucks. I started off the year with negative $3 dollars and a $200+ ticket from the lovely police department.

I have the product (purchased from a ''competitor'') I'm testing it out right now to see if it works, I'll need to wait until after Chinese New Year to order my own, well actually sample and so on, I have a couple months of downtime.

I'm thinking time will go by quick, jeez it's already 2 weeks into the year!? So my thinking is to build up some marketing channels (FB/IG/Youtube) to get an audience going and get some leads & potentially convert into a sale granted I do believe in the product. (Market research to)

Another product that's similar I'll need to pickup as well for testing so I'll do that for tomorrow.

Some problems I'm anticipating off the top of my head.

#1 Shipping
#2 Having an awesome website that doesn't look like every other basic shopify
#3 Maybe even getting my product into local stores (no experience in this)

Funny enough I'm at the part in Unscripted that talks about the whole process of getting a product out.

Lets see if this thing works!? Happy New Year!
 
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I finished work today and picked up the second product I'm interested in (it does the same thing as the other product in the post above, just in a different way)

I'm at my desk, the product sitting right in front of me, the same one that I want to sell as well.

Currently have the website open and seeing how someone executed this product, thinking to myself...

How can I make this better? Everything, the product, the website and everything.

That's where I am now, still need to test out both so it'll take just a couple of days.

Another thing I just wanted to mention, its pouring snow out right now & just went for a sick run thinking of business as a sport. Whoever decided to actually MAKE this product them self, I'm stepping in the ring and going toe to toe (stealing they're market share) That's what business is all about right? (from Mark Cubans book) totally suggested read for anyone that hasn't read it.

I need to come up with a way to take the market share away from this company, they are doing some nice numbers on Amazon & have no idea what sales are like from offline channels, (I picked up the product from a local chain here in Vancouver) So I can maybe assume someone is eating a nice healthy meal, and I'm feeling kinda hungry to.

Here's a problem, registered trademark product.

I think there is some reading to be done....

(quick edit) Actually the trademark may not be an issue, it's just a styling maybe of the product that cannot be replicated, an example... you have a trademark on a microwave in a certain shape, might be that type of thing. I see some other people selling similar products. Might be A-oK
 
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Kid

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Actually the trademark may not be an issue,
Trademark itself is just a word (like google or amazon) or a graphical thing - logo.

What i think you talk about is design patent, which is different from utility patent.
Design patent protects almost exact look of invention (and its very weak protection overall).

Utility patent protects the invention itself despite of its look (and its strongest protection you can get).
 
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I've tested both of the products, they suck.

Reverse engineering the product, it solves a problem of mine, and is a problem of others as well. (Hard proof from Amazon) And it's retailing allover Canada, there are multiple solutions so it is kind of a crowded market.

Now I kinda feel like I'm back to square one a bit.

Ok yeh I can potentially improve the product but it may take some deeper pockets, for instance, to open a new mold of this product to combat the trademark issue will run me about $2.6k CAD off multiple quotes from Alibaba.

It seems my options as of now are...

#1 Scrap the idea as the product sucks & move on to another product. Seriously the first test resulted in an epic failure, borderline scam with some nice copy writing. I'd like to avoid my epic failure of the grooming glove, so having a productocracy is one my goals, a product I believe in.

#2 Magically make money come out of thin air with a $2k p/m job with a monthly recurring debt of $950+ (rent $650, food $300++) to create a new product, aswell as constant revisions yada yada. I'm no expert but I'll bet 5 Canadian cents that creating a product is quite capital extensive.

#3 Create my own product solution domestically, ehhh perhaps this could be possible. I'd really have to try hard & brainstorm some solutions.

That's where I'm at right now.

Well, actually I don't think money is an excuse, considering crowdfunding like kickstarter etc etc. But the first prototypes of whatever product would be a substantial financial risk. Keep in mind I need to get something going otherwise this year will already be over before ya know it. It's happened..
 
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My brain had a mini explosion, I've been thinking just selling direct to consumer, but what about commercially or b2b? So I just had a thought in my head, someone probably made alot of money selling toilet paper, and thought of a popular brand here in Canada.

Yikes!
 

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Kid

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Billion in sales of toilet paper? Wow.

Just a guess but commercial probably get one company and stay with them in such supplies (until some mayor fail or price hike).

I'm not sure about roi though.
There are posts on this forum that commercial services like cleaning is much less profitable then residential.
 

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My brain had a mini explosion, I've been thinking just selling direct to consumer, but what about commercially or b2b? So I just had a thought in my head, someone probably made alot of money selling toilet paper, and thought of a popular brand here in Canada.

Yikes!
 
OP
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Instead of putting out money for a mold....can you have a working prototype 3D printed ?
I don't think a prototype would be worth doing for the product in mind, I'm looking into some other products, just need to make sure there is a demand, so kinda back to square one again.
 

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OP
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I've got a product in mind, just need to learn my numbers & think of how to market efficiently. (Also look into other products)

Chinese New Year ends around the end of February. Which gives me ample time to save up money slaving my job, in order to feed myself, house myself & stack up freedom fighters to fight for my freedom (investing freedom fighters into a business system)

I'd like to announce a deadline for this thread.

BY THE START OF MARCH

I need to have my own product, website and the whole shebang executed.

I won't bother with updating this thread until then. Cheers every1, see ya around the forums.

(quick edit) I'm fairly excited about this product, just looking at some local business's (hundreds if not thousands) in my area and its a product I could potentially sell to them AND direct to consumer. Maybe, just maybe onto something.....

After a month & a half of slaving I've got about $1,095 which is quickly going to disappear, I fed myself and paid rent for this month and am about to pay for February, so deducting $650 from the $1,095 leaves me at $445. I'm gonna try to budget $200 for the next couple of weeks until my next payday which deducts me to $245. So busto to robusto and back, I spent some money on testing out products for the month which of course burnt a tiny bit of cash but that's ok. Wasted a ton of cash not making home meals, feels dumb.. Anywhoo, I can build a website for a product that's going to be executed on, I briefly looked into a competitor and they've been fairly successful so I'll be studying them & thinking of ways to crush them.

I have some things I'm testing now, so lets see.
 
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