You need to start off on the right foot - which is identifying the market and then understanding that market's needs.I am at a bit off loss.
For context which will serve better understand my question I am currently going to school full time (Will graduate soon), but I have 0 income.
I am working with a relative that has products already been produced. He's finishing up samples, but just needs the packaging and he's good to go. He wants me to help him quick the brand off in the US. But it's going very slow. Product is plant based, organic food. Different ingredients and flavors (Can't be too specific). This is in the backburner as it's taking too long, but all I need to put in here is sweat equity. No $ required.
The main issue is I have an idea as well I want to implement ASAP on a supplement mixing an array of different ingredients for people to feel and look good. Haven't fully determined the market yet, but most likely women.
Point in case, as every entrepreneur, I am flabbergasted on where to bite. Sometimes I worry I am being way to abstract and it doesnt work that way.
Few things:
- No income (Might get a simple 10-14hr week job to pay for shit) so I cant afford $50k investment for bulk quantities of a product there might truly be no demand for
- I want to get samples. Even just 50-100, take it to do taste/effect tests, offer it to influencers, and do some tests on landing pages. Really want to expand online first, then branch out
- For something like this, do I NEED to register the LLC and all that first?
Just not sure what the "right" way is to get started when doing supplements/food products.
Once you do this, you simply create a product specifically targeted towards solving that need.
So, let's just say that women 50-60 wanted to look and feel 10 years younger. If there were ACTUALLY ingredients that existed right now that could do this (besides makeup) then you would make a killing off of putting them into pill form.
Once the problem that you are solving is clear, you beat a path to the solution.. in the form of product creation, fulfillment, and marketing.