Many people would find the thought of making a tangible product intimidating right away. They assume that in order to produce something with “parts” or that can be sold in stores, you must be a large corporation with a sizable budget, warehouse, and production facility.
However, in practice? The advent of the web has significantly changed how we approach the design and development of products. You are ready to go if you only have an idea! Additionally, you won’t need to do anything at all.
Simply observe…
Create
Making a design out of your idea is the first step. This is a crucial step in your process since it will affect your product’s durability, price, and other factors.
A CAD file is required in order to develop a design. Fortunately, there are websites where you may bid as low as $7 to have these made for you. You can locate people who are eager to convert your idea into the required files by simply visiting a website such as CAD Crowd or CrowdSpring. Additionally, they will provide you with the Bill of Materials (BOM) and other necessary documents.
A prototype
Prototyping your product is crucial, even though we’re working to complete this as fast as affordably as possible. This will enable you to exhibit your idea to potential collaborators and see any problems early on.
All you have to do is send your CAD file to a 3D printer, like Shapeway, to accomplish this.
Production
After receiving your prototype and being satisfied with its functionality, you can attempt to have it mass produced. This implies that you must locate a factory or manufacturer. All you have to do to collaborate with them is submit proposals that contain all of the design-stage documents you obtained, such as your technical files and BOM. Additionally, be sure to offer a ballpark estimate of the order. At this stage, you can request another free prototype.
Money
Unfortunately, in order to print off many products, you now have to pay a reasonable amount of money. Thankfully, “Crowdfunding” via the internet has once again come to the rescue. You may raise money using websites like Kickstarter without having to take out loans or give up any part of your company.
Loans are still an option if that doesn’t work out but proceed with caution. Using PayPal to obtain a loan is a smart choice.
Locate a Salesperson
All you must do now is sell your goods! Finding a sales agent, who will market your goods to Big Box retailers and similar establishments, is one approach to accomplish this. Another choice is to create an online store directly on your website; however you might want to collaborate with a fulfillment business for this aspect based on how many orders you anticipate receiving.
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https://smarterbizacademy.com/courses/your-first-thousand/
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Thank you, and enjoy!