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

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)

Is there a Need for My Product

Arcion

PARKED
May 4, 2019
3
0
My idea is to modify the electromagnetic breaks on roller coasters to work on cars and trucks. My question is this: how should I test the need for this product? I know that people will say an idea "is great" when you ask them, but when actual money is involved that's when people tell you what they really think. How can I test if there is a need/market for this product? The benefits of this product would include being more eco-friendly due to less brake dust, and they would last a lot longer due a lack of friction.
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

mdivljina

Contributor
Read Fastlane!
Read Unscripted!
Apr 1, 2019
41
61
Croatia
My idea is to modify the electromagnetic breaks on roller coasters to work on cars and trucks. My question is this: how should I test the need for this product? I know that people will say an idea "is great" when you ask them, but when actual money is involved that's when people tell you what they really think. How can I test if there is a need/market for this product? The benefits of this product would include being more eco-friendly due to less brake dust, and they would last a lot longer due a lack of friction.

It sure as hell look like a B2B product. You'd have to put that on paper, draw up some schematics and try to sell it to a big car company. That's at least what I'd do if I were you. Or, you can implement it yourself if you got a car factory in the back yard haha.
 

GoodluckChuck

Platinum Contributor
FASTLANE INSIDER
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Feb 2, 2017
661
2,629
my house
I'm sure someone has tried it, no? Is there very different than regenerative breaking on a Tesla?
 

Kid

Gold Contributor
Speedway Pass
Mar 1, 2016
1,739
1,675
1. As @ZCP and @GoodluckChuck said - check if its been done and ditched
2. If not, do a extensive patent research (on your own)
3. If it isn't already patented, buy provisional patent (at cost around $100).
4. Do a prototype and test it for cost and usability.
5. If it's worth pursuing - contact Big Three.
 

Arcion

PARKED
May 4, 2019
3
0
I'm sure someone has tried it, no? Is there very different than regenerative breaking on a Tesla?
If so, it's not common in any other cars. That means I could skew other features and benefits of the design. Once I get the first prototype built, how could I get in contact with one of those companies and show them the benefits of my product?
 

Arcion

PARKED
May 4, 2019
3
0
Last edited by a moderator:

ZCP

Legendary Contributor
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Oct 22, 2010
3,439
11,615
Woodstock, GA
@Arcion this might go better if you take some of the simple steps yourself and show that you are invested in doing this! right now, it reads like you want a 'step by step'.....

step up your game and you will get better results!
 

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

Guest post submissions offered HERE.

Must Read Books...

must read books
Download FREE and share!
Download
Explore books recommended by MJ DeMarco and other members of the Fastlane entrepreneurial community.
Fastlane Bookstore

New Topics

Fastlane Insiders

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

Join Fastlane Insiders.

Top