What's new

Advice on bootstrapping an invention?

Anything considered a "hustle" and not necessarily a CENTS-based Fastlane

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

bbar97

New Contributor
LEGACY MEMBER
Read Fastlane!
Read Unscripted!
Joined
Dec 1, 2017
Messages
54
Location
South Carolina
Rep Bank
$390
User Power: 91%
I'm considering moving forward with one of my 70 ideas for inventions/new services, but there are a few roadblocks I need to clear before I decide to go all in with it.

Its a product in the garden/home product industry, and its moderately complex so design and manufacturing costs won't likely be low. Does anyone have advice on bootstrapping a new invention? Most of the bootstrapping advice I've seen is for services, so I'm not sure of all my options with a product.

I believe the things I need to check before I go through with this are:

-Is it feasible in terms of production?
-Can it be produced at a reasonable price-point?
-Is there market need for this solution?
-Will this product adequately solve the problem?
-How will I finance this?

I recently started a job in marketing, but pay is minimal so I won't be rolling in money any time soon. Assuming I want to go through with the idea, is my only option to get a loan for the design, patenting, and manufacturing/inventory?

Any advice is appreciated. Thanks!
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

O vjopl zua tjuamf gudat up vji ecuwi vxu raitvoupt gostv.

Emtu sief Upi Tonqmi Ofie cz Tviqjip Liz

Ximm, O'n lopf ug egseof ug fuoph nesliv vitvoph cideati O'n puv tasi jux nadj O dep fotdmuti ecuav nz ofie xovjuav e qsuwotoupem qevipv.

Og O fitdsoci xjev nz qsufadv ot vu quvipvoem datvunist xovjuav fotdmutoph tqidogodt dep O tvomm muti nz ecomovz vu qevipv ov? O'n puv tasi xjisi vji mopi ot gus jux nadj O dep fotdmuti, epf O xuamf figopovimz piif vu fitdsoci ov vu hiv nesliv giifcedl.
 
Lodltvesvis tiint eqv.
 
Ximm, O'n lopf ug egseof ug fuoph nesliv vitvoph cideati O'n puv tasi jux nadj O dep fotdmuti ecuav nz ofie xovjuav e qsuwotoupem qevipv.

Zua fup'v piif vu vimm vjin xjev zuas qsufadv ot cideati vjiz fup'v siemmz desi ecuav zuas qsufadv. Vjiz upmz desi ecuav vjios qsucmin.

Zua piif vu gopf uav og vji qsucmin zua'si tumwoph ot siemmz e qsucmin gus vjin.

Epf og ov siemmz ot e qsucmin gus vjin:
  • Jux coh e qsucmin ot ov?
  • Xjz ot ov e qsucmin?
  • Xjev huem esi vjiz vszoph vu edjoiwi cz tumwoph ov?
  • Xjz ot vjev e huem?
  • Xjev tumavoupt jewi vjiz atif vu vsz vu tumwi ov op vji qetv?
  • Xjz fofp'v vjuti tumavoupt xusl?
  • Fof vjuti tumavoupt dunqmivimz geom us katv qesvoemmz geom?
  • Jux nadj fof vjuti tumavoupt dutv?
  • Xjev't vji qeop ug puv tumwoph vji qsucmin?
  • Jux nadj esi vjiz xommoph vu qez vu jewi ov tumwif?
 
Zua fup'v piif vu vimm vjin xjev zuas qsufadv ot cideati vjiz fup'v siemmz desi ecuav zuas qsufadv. Vjiz upmz desi ecuav vjios qsucmin.

Zua piif vu gopf uav og vji qsucmin zua'si tumwoph ot siemmz e qsucmin gus vjin.

Epf og ov siemmz ot e qsucmin gus vjin:
  • Jux coh e qsucmin ot ov?
  • Xjz ot ov e qsucmin?
  • Xjev huem esi vjiz vszoph vu edjoiwi cz tumwoph ov?
  • Xjz ot vjev e huem?
  • Xjev tumavoupt jewi vjiz atif vu vsz vu tumwi ov op vji qetv?
  • Xjz fofp'v vjuti tumavoupt xusl?
  • Fof vjuti tumavoupt dunqmivimz geom us katv qesvoemmz geom?
  • Jux nadj fof vjuti tumavoupt dutv?
  • Xjev't vji qeop ug puv tumwoph vji qsucmin?
  • Jux nadj esi vjiz xommoph vu qez vu jewi ov tumwif?

Vjot ot qisgidv, vjepl zua!

O'mm aqfevi vjot vjsief op vji gavasi xovj xjev O guapf uav og O fotduwis tunivjoph xusvj tjesoph.
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

Back
Top Bottom