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That I discovered this forum at all is bizarre. From a travel forum to a bodybuilding blog to a copywriting blog via a comment in a post about writing books. But I read TML yesterday and I agree with almost all that is written there. The calculations in the fastlane chapter looked like something out of an email I wrote last year.
I am making a B2C product.
Initial conditions:
- 3D model is done and I have had it successfully printed several times.
- Electronics work fine.
- Software only supports a small subset of devices.
- Did market testing on craigslist. Eight responses in four hours, which is underwhelming. Variation: I asked the people to tell me why they want it. One guy said instead of giving them away for free I should make a bunch and start a business
I am implementing a sort of "auto" functionality in the software and I am spending a bit of time on it. It is hard but this is the feature I envisioned when designing the device. My talks with owners of companies who would use this for their business say they do not want or need the "auto" functionality. But I have only asked three different such owners.
I am not sure how to determine pricing. There is one competitor who produces a much more sophisticated version for 30k. It costs me about $80 to build one (less my own labor, R&D, fixed costs, etc.). The plan is to build half a dozen and try to sell them at $350 and up. That number is chosen because after selling six I would be in the green. I should have the needed parts by the end of the week.
I am making a B2C product.
Initial conditions:
- 3D model is done and I have had it successfully printed several times.
- Electronics work fine.
- Software only supports a small subset of devices.
- Did market testing on craigslist. Eight responses in four hours, which is underwhelming. Variation: I asked the people to tell me why they want it. One guy said instead of giving them away for free I should make a bunch and start a business
I am implementing a sort of "auto" functionality in the software and I am spending a bit of time on it. It is hard but this is the feature I envisioned when designing the device. My talks with owners of companies who would use this for their business say they do not want or need the "auto" functionality. But I have only asked three different such owners.
I am not sure how to determine pricing. There is one competitor who produces a much more sophisticated version for 30k. It costs me about $80 to build one (less my own labor, R&D, fixed costs, etc.). The plan is to build half a dozen and try to sell them at $350 and up. That number is chosen because after selling six I would be in the green. I should have the needed parts by the end of the week.
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