Can you create the next bestselling product?

So you want to be an entrepreneur? Well, there’s going to be one big thing in-between you doing what you do now, and you becoming one. And that’s having a product. Because when you want to be the next Steve Jobs, you need to actually have a product that the world is going to love. Even if you’re not quite sure how you’re going to do it right now, you can make it happen quite easily – as long as you’re willing to put the time, attention, and hard work in. Because this is really going to take a lot of three. Still not scared? Then let’s take a look at what it’s going to take for you to create that next bestselling product.

The idea

First of all, you need the mother of ideas. Or even a whole bunch. And this can’t just be something farfetched, or cool just for the sake of being cool. It has to be an idea that can be turned into an actual product. So, not only does it need to be something that serves a purpose, and will meet a need of the person buying it, it will also have to be completely thought through. That means everything from how it’s made and what it’s made of, to how much you’re going to sell it for and where you’re going to sell it. So let’s get started on the rest of those areas.

A manufacturer

So, you’re going to need a manufacturer. Or if you’re going to take care of manufacturing yourself, then you need a place to do it, and the equipment to do it with. This could even take you months or years of planning to make happen. You need to know costs and timelines, and then, you also need to know where you’re going to get your supplies from too.

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Suppliers

But how are you going to find those suppliers? Whether it’s a baker or a membrane keyboard maker, you need to know who to contact. And you can do that in two ways. First of all, by asking around. Sometimes, your contacts can come up with the goods better than anyone else. But, you should also do your research too. Because you may be able to find the right people by really exploring your options.

A prototype

You may even want to think about pulling yourself a prototype together. It can be useful to know if your idea can actually work, and will help you to work out what the associated costs and time frames are likely to be. But, you may also need a prototype to take to investment meetings too if you need to find funding.

Investment

And let’s talk about the final thing you may need, investment! Because products can take big bucks. In some instances, you won’t need the product to find funding, but in a lot of cases, you might. So covering off all of the areas above will mean that you’re in your strongest position to not only get that funding, but make your idea work too.

*This is a contributed post.

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