Develop a Business Plan
Looking for a quick approach on start bringing in cash on your great ideas? Here are some steps on bringing your product to market in about a year or less.
Instructions
1. Figure out what your niche is. What drives you? Figure out what's hot in the market and generate your ideas from that. You can start by thinking about what irritates you or what is important to you, whether that is something you do around the house or at work. Simple ideas can be money makers. Think about things you use on an everyday basis and what can you do to make it better, easier to use or more cost efficient
2. Get the word out and start talking about your product to family, friends and co-workers-they are your customers and provide great feedback and can tell you exactly what they want and what they will or will not buy. Check out your competitors and do your homework. Know your target customers and you market.
3. Unless this is going to be a one man or woman show - build your team. Start brainstorming and figuring out who will be helping you with this process. Start thinking about the finance portion - will there be investors, money from manufacturers or family and friends. Will you be raising the money?
4. Develop and prototype and get a patent. This will prove that your product really works. Create a packaging, design, etc.
5. Develop ideas and strategies on market your product. Know your product-benefits and flexibility. Are you willing to adjust your product to the market so that it will have less or more features that draws manufacturers and investors.
6. These are the first 5 steps of 20 that will get your started. Stay tuned for part 2.
