Sell it to consumers. Today.
You can figure out licensing, manufacturing, making it pretty, etc. as you move forward.
Your friends offered to buy your ugly one, so sell it to them. they'll have people ask THEM about it. then they'll buy one too.
You'll spend days staying up late re-purposing other retail products in your garage to keep up with demand.
THAT'S the point at which you seek out manufacturing, or licensing.
The path will reveal itself to you so long as you do not stop moving forward.
Don't stop and research, don't stop to find partners or capital. Just start selling.
Once you start selling you can experiment with pricing. Figure out how much money people well buy this for, how much profit you can make.
Without knowing the max price people will pay for it, nothing else makes much sense. Quotes from manufacturers won't make sense. Licensing deals will hold no value for you. You need to start selling these, and then getting feedback from the people you sell it to and figure out what needs to be changed about it. You need to figure out your max price. You need to figure out unexpected customers you may not have considered previously.
Sell it. The rest will fall in place along the way.
EDIT: it's stupid not to reveal it. What if I need one/want to buy one from you? You're limiting your marketshare. The way things take off is through word of mouth, not through secrecy. You should be telling everyone and their neighbor about your idea.
Other people won't copy it. Anyone with ambition has 1001 of their OWN ideas they don't have time to implement. I have a book filled with 45 ideas I'll "get around to" and so do all people worth a damn.
Anybody who WOULD want to steal your idea doesn't have the ambition to follow through, You're limiting your profit by keeping your ideas secret, with no real benefit. You ALREADY have a competitor with a similar product. You're being silly.
You can figure out licensing, manufacturing, making it pretty, etc. as you move forward.
Your friends offered to buy your ugly one, so sell it to them. they'll have people ask THEM about it. then they'll buy one too.
You'll spend days staying up late re-purposing other retail products in your garage to keep up with demand.
THAT'S the point at which you seek out manufacturing, or licensing.
The path will reveal itself to you so long as you do not stop moving forward.
Don't stop and research, don't stop to find partners or capital. Just start selling.
Once you start selling you can experiment with pricing. Figure out how much money people well buy this for, how much profit you can make.
Without knowing the max price people will pay for it, nothing else makes much sense. Quotes from manufacturers won't make sense. Licensing deals will hold no value for you. You need to start selling these, and then getting feedback from the people you sell it to and figure out what needs to be changed about it. You need to figure out your max price. You need to figure out unexpected customers you may not have considered previously.
Sell it. The rest will fall in place along the way.
EDIT: it's stupid not to reveal it. What if I need one/want to buy one from you? You're limiting your marketshare. The way things take off is through word of mouth, not through secrecy. You should be telling everyone and their neighbor about your idea.
Other people won't copy it. Anyone with ambition has 1001 of their OWN ideas they don't have time to implement. I have a book filled with 45 ideas I'll "get around to" and so do all people worth a damn.
Anybody who WOULD want to steal your idea doesn't have the ambition to follow through, You're limiting your profit by keeping your ideas secret, with no real benefit. You ALREADY have a competitor with a similar product. You're being silly.
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