I see a lot on here of discussions of is this idea good, that idea good, or this idea turned out this way, or of the ideas being almost all internet related (websites, internet marketing, app development, reselling, etc.).
My question is, once you have an idea for a physical product, what then do you do to start executing it into reality? Say this was a time before mechanical pencils existed. One has an idea of a pencil that doesn't need to be sharpened or replaced as frequently (mechanical pencil). What are the typical steps to end up with a physical product that is now being mass produced and sold worldwide?
Do you just build a working prototype, and then walk to local businesses and do a sales pitch? And then what when your sales overcome your ability to produce? What if it's an idea that is beyond your physical ability to build yourself? Or that you just don't have access to the machinery or materials to do it? Or maybe you simply can't afford the machinery or materials? Even if you know fairly certainly that it will be a good product, would this be a scenario where you simply don't execute this idea, but instead attempt something more obtainable for yourself?
Any insight will be awesome!
My question is, once you have an idea for a physical product, what then do you do to start executing it into reality? Say this was a time before mechanical pencils existed. One has an idea of a pencil that doesn't need to be sharpened or replaced as frequently (mechanical pencil). What are the typical steps to end up with a physical product that is now being mass produced and sold worldwide?
Do you just build a working prototype, and then walk to local businesses and do a sales pitch? And then what when your sales overcome your ability to produce? What if it's an idea that is beyond your physical ability to build yourself? Or that you just don't have access to the machinery or materials to do it? Or maybe you simply can't afford the machinery or materials? Even if you know fairly certainly that it will be a good product, would this be a scenario where you simply don't execute this idea, but instead attempt something more obtainable for yourself?
Any insight will be awesome!
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