The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success

Enhance, Davison, for licensing and prototype

The Entrepreneur's Forum for learning how to build wealth and financial freedom the Fastlane way!

Say "NO" to mediocre living rife with jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence. Join our forum with more than 70,000 entrepreneurs who are making it happen.
Join for FREE Today
Get the books
Remove ads? Join Fastlane INSIDERS
(Registration removes this block)

Maggie E

New Contributor
Dec 20, 2017
4
3
50
los angeles
I hope I don't get scolded for even mentioning these companies. As it might seem like I'm trying to short cut it. However, when your working 50hr+weeks and maintaining a household time is essential. Has anyone ever worked with these companies charging 8-15k for CAD 3D, Licensing, Patent, & prototype. They are saying the bonus is that they already have established relationships with large co. (home depot, Big 5 etc.). Is it worth it?
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

Walter Hay

Legendary Contributor
EPIC CONTRIBUTOR
Speedway Pass
Sep 13, 2014
3,209
12,766
World citizen
I hope I don't get scolded for even mentioning these companies. As it might seem like I'm trying to short cut it. However, when your working 50hr+weeks and maintaining a household time is essential. Has anyone ever worked with these companies charging 8-15k for CAD 3D, Licensing, Patent, & prototype. They are saying the bonus is that they already have established relationships with large co. (home depot, Big 5 etc.). Is it worth it?
I would steer clear of such opportunist companies. Just to show you how the risk is all yours, here's a quote from Davison's website: New product development is an uncertain endeavor and the use of Davison's services typically does not result in a license agreement, sales on any market or profit to the inventor.

Walter
 

iizu

Bronze Contributor
Read Fastlane!
Speedway Pass
Jan 23, 2016
92
237
32
Finland
1. Consider testing the markets with photo-realistic renderings of your products before making expensive physical products

2. 8-15k sounds way too much. You can find engineers from Upwork to design the product for you.

3. If your product is small enough, you can 3D-print it. Metal, plastic and variety of other materials

4. Use domestic manufacturers to make the prototype. Much faster and easier to communicate.

For example, I recently had a prototype made from steel by 3d printing. Cost me about 2k. I did the CAD-work by myself.

Feel free to contact me via PM if you need help with it.
 

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Must Read Books...

Explore books recommended by MJ DeMarco and other members of the Fastlane entrepreneurial community.
Fastlane Bookstore
Top