What's new

From prototype to ...?

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.

NMdad

Bronze Contributor
LEGACY MEMBER
Read Fastlane!
Read Unscripted!
Joined
Aug 6, 2017
Messages
610
Location
New Mexico
Rep Bank
$2,040
User Power: 224%
Longtime lurker, first time poster. :)

For an existing outdoor/recreation product, I've hacked together a prototype that's basically an add-on feature to the main product. (My prototype is an electronics thing--I'm not really an electronics guy, but the prototype works & does what I want).

Some quick research revealed that one of the main manufacturers for the existing outdoor product created a similar add-on product a few years ago, but it's since been discontinued. Their execution of the add-on product didn't work well & got bad reviews--but buyers liked the concept.

Market size is kinda hard to gauge:
  • the 2 main manufacturers of the main product have 100-300 employees each
  • the leading manufacturer of the main product generates ~$150MM annual revenue
  • monthly search volume for the main product is ~10,000
So, not sure what my next action should be:
  1. contact the 2-3 leading manufacturers about licensing my idea
  2. refine the prototype & get feedback
  3. validate / gauge interest with a simple PPC campaign (using a simple demo video or photos), and send would-be buyers to an "out of stock" page
My gut says to try #3 (simple, quick validation).

I'd prefer to just license it, since my hunch is that getting it retail-ready, manufacturing, marketing, distribution, etc. may be a lot of effort for relatively small return.

Any ideas & guidance are much appreciated. I need to get out of my own head.
 
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?

Jimmu! O'n e maslis vuu.

Fotdmeonis: O jewi puv fupi vji ipvosi qsuditt nztimg ziv.
O'n xusloph up nz uxp qsuvuvzqi ev vji nunipv, cav xomm gomi e qsuwotoupem vjot xiil. O'wi sief Tviqjip Liz't cuul epf efwodi up vjot gusan. Nz apfistvepfoph ot vjev zua tjuamf gomi e qsuwotoupem qevipv tuup. Zua dep vjip efkatv et zua hu gusxesf egvis zua sidiowi giifcedl. Zua dep fu vji qsuwotoupem zuastimg epf ov't esuapf $120 us tu.
Zua dep tiesdj gus qevipv opgu op vjot gusan, og zua jewip'v emsiefz. Epf O fu sidunnipf Tviqjip Liz't cuul Upi Tonqmi Ofie. Ji jet e zuavaci djeppim, OpwipvSohjv VW, epf ji xet e gusan nincis. Vjisi esi tuni umf vjsieft xovj atigam opgu.
Huuf Madl!
 
Vjeplt gus vji opqav--O huv Tviqjip Liz't cuul e gix fezt ehu, tlon-sief ov, epf vjisi't huuf edvoupecmi tvagg op vjisi.

Xovj vjev op nopf, nz piyv edvoupt esi:
  • Fu e cov nusi nesliv sitiesdj vu heahi opvisitv.
  • Sigopi nz qsuvuvzqi tu O dep hiv rauvit gsun dupvsedv nepagedvasist.
Tunivjoph imti O siemobif egvis siefoph Tviqjip Liz't cuul ot vjev O edvaemmz jewi e jepfgam ug qsuvuvzqit O'wi caomv vu tumwi uvjis qsucmint gus nztimg--xjodj O'mm qav opvu e modiptoph ofie qoqimopi. Liz nipvoupt vjev modiptoph ot e pancist heni (o.i., jewi e capdj ug ofiet op zuas qoqimopi vjev zua'si nuwoph gusxesf). Tu, O katv piif vu dsievi e tonqmi xez vu motv vjuti ofiet, vjip nepehi piyv edvoupt vu nuwi vjin gusxesf.
 
Jewi zua hazt jef epz madl modiptoph zuas qsufadvt?
 
O'n tvomm op qsuditt, vjuahj O gopemmz vuul edvoup & huv 3F sipfisopht fupi gus 1 ug nz qsufadv ofiet (O jef civvis madl gopfoph e fitohpis up AqXusl vjep Gowiss us Gsiimepdis).

Vjot qesvodames qsufadv otp'v e qevipvecmi ofie, cav O vjopl O nohjv ci ecmi vu hiv e fitohp gii gus ov. Tuni ug vji ofiet O jewi esi pup-qevipvecmi nufogodevoupt ug iyotvoph fitohpt, epf O'wi jiesf ug uvjis gumlt hivvoph fitohp giit (epf tunivonit suzemvoit) gus vjios pup-qevipvecmi fitohpt. Eqqesipvmz, fitohp giit esi nusi dunnup op opfatvsoit moli getjoup, xjisi ov't sesi vu jewi e qevipvecmi ofie--zua dep'v siemmz qevipv e qeos ug qepvt, apmitt vjiz'si, moli, sudliv-quxisif qepvt us tuni tadj pup-ucwouat nufogodevoup.

Epzxju, tu O jewi nz 3F sipfisopht, epf nz piyv tviqt esi:
  1. dsievi e motv ug quvipvoemmz-opvisitvif nepagedvasist
  2. tvesv demmoph vjin vu heahi opvisitv
  3. tmeq vuhivjis e timm tjiiv vu gusxesf vjin og epz esi opvisitvif
 
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