MattWorks
New Contributor
Hello Fastlaners,
Over the last two weeks I have come up with an idea. So far, I have researched the market and reviewed some trends and numbers via Google Ads & Trends, Facebook, Amazon, etc. This space (storage solutions) is broad and my particular idea has no one currently creating something like this. I have found a wickedly catchy domain and have bought it. That is all the money I have spent thus far. What I am hoping to have dialogue on are the following:
- My concern with bringing this to the market to gauge market interest would be that an existing company in this space could easily take this idea and run with it. They have the manufacturing power and capital.
- Patents - I feel like I would be most protected patenting this (there are a few finite proprietary things with this idea that I believe could be patented), however, I am a bit worried with how to approach this. Does anyone have any resources that may be useful for me to go through or able to share some experiences? I am able to create high-level design drawings showing concepts (Autocad).
- Money - I am still in debt and this would require a fair amount of capital to get started. I could reach out to existing companies in this space which already have manufactured sorted. Thoughts?
These may be rudimentary questions to ask, I am relatively new but and excited about this one.
Over the last two weeks I have come up with an idea. So far, I have researched the market and reviewed some trends and numbers via Google Ads & Trends, Facebook, Amazon, etc. This space (storage solutions) is broad and my particular idea has no one currently creating something like this. I have found a wickedly catchy domain and have bought it. That is all the money I have spent thus far. What I am hoping to have dialogue on are the following:
- My concern with bringing this to the market to gauge market interest would be that an existing company in this space could easily take this idea and run with it. They have the manufacturing power and capital.
- Patents - I feel like I would be most protected patenting this (there are a few finite proprietary things with this idea that I believe could be patented), however, I am a bit worried with how to approach this. Does anyone have any resources that may be useful for me to go through or able to share some experiences? I am able to create high-level design drawings showing concepts (Autocad).
- Money - I am still in debt and this would require a fair amount of capital to get started. I could reach out to existing companies in this space which already have manufactured sorted. Thoughts?
These may be rudimentary questions to ask, I am relatively new but and excited about this one.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
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?
