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49.  Learn from someone who has had many successful inventions and ideas – Tamara Monosoff

49. Learn from someone who has had many successful inventions and ideas – Tamara Monosoff

Released Sunday, 2nd July 2017
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49.  Learn from someone who has had many successful inventions and ideas – Tamara Monosoff

49. Learn from someone who has had many successful inventions and ideas – Tamara Monosoff

49.  Learn from someone who has had many successful inventions and ideas – Tamara Monosoff

49. Learn from someone who has had many successful inventions and ideas – Tamara Monosoff

Sunday, 2nd July 2017
Good episode? Give it some love!
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This is a great time to start a business because of the internet for research and crowd funding to get the money.Kickstarter good crowdfunding site for a product and Crowdfunder  a great place to get larger sums of money by giving equity in your company.Find your likely  customers and make sure you can make the product for the price you are promising.Search with many different words to make sure you are not reinventing the wheel.A product needs to be no more than 20% of the retail price.Tell your manufacturer that you want a long term relationship but you must start with small orders.Have a non-compete agreement before spending any money with them.Get a provisional patent as low as $65You need full patent protection once your product starts selling.You need a compelling compassionate story for fund raising and show exactly how you are going to use the money, also you need good rewards besides offering the product itself.Use your simplest idea first.Join forms and websites where your likely customers hang out and start being a contributor to the community. Thenask for advice on your new idea and how it might be improved. Then get into your launch coming up so they can get all the special pricing if they are the first buyers.You can get someone on Fiverr  to do a three D of your idea.If thinking of licensing get at least 10 possible companies that might be interested and see if they would like to get involved after Kickstarter’s success or take it on immeadiately.Be clear to yourself do you want to just get a product off the ground and sell is someone else or do you want a full blown company.Amazon FBA program is excellent for many products.Tamara’s website is www.TamaraMonosoff.comDon’t get married to your product, if the ship is going down don’t go down with it.
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