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Old 01-02-2013, 05:49 PM   #3
NewHemi
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Default Re: How to get into the aftermarket business

Getting a Patent is time consuming and the research necessary can be expensive.

Then, by the time you get to market you wont have a lot of time to market it.

As mentioned, it is nice to have rapid prototyping available, and computers speed up the process of marketing.

But if you want to maintain some control, you need money.

If you really think that the idea has potential to hit it big. Beg, borrow (dont steal it) or find a backer, and make it happen. A financial angel can be a real blessing.

However long you think it will take, you are wrong. It will take longer.

However much money you think it will take, you are wrong. It will take more.

And however unique you think your idea is, you might be wrong there too.

Research the market. Be realistic in your assessments of market, competition, and means of distribution. Make your financial plans, Profit and loss projections, and cash flow projections pessimistic, instead of optimistic.

And good luck. There is nothing better than reaching for the brass ring.

Nothing, that is......... except actually grabbing it.

David
The New Hemi Guy
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