Inventor seeks assistance
CHRIS GUERRA
FIRMS THAT NEED HUGE SUMS OF MONEY.
I am an individual inventor currently with about 50 ideas/inventions
such things as consumer products and household goods as well as some
that are automotive related. Some products are only weeks away from
release and need a few thousand dollars (US) to get into the
marketplace. Others are months or years away from final prototypes and
require more money. ALL ARE PRACTICAL, FEASIBLE and I feel SELLABLE.
What I am seeking is help in contacting the right people who could help
financially or manufacture prototypes of these items at their costs.
REWARDS WILL BE PERCENTAGES OF ROYALTIES AND/OR ???? THANKYOU
Please direct all inquiries to cgu...@ix.netcom.com OR
cguer...@AOL.COM
In appreciation of your time & future business dealings.
Chris Guerra
Alan R. Winstanley
<cgu...@ix.netcom.com> writes
>THIS IS A SINCERE REQUEST FOR HELP AND GUIDANCE...PLEASE NO MARKETING
>FIRMS THAT NEED HUGE SUMS OF MONEY.
>
>I am an individual inventor currently with about 50 ideas/inventions
>such things as consumer products and household goods as well as some
>that are automotive related. Some products are only weeks away from
>release and need a few thousand dollars (US) to get into the
[snipped]
Perhaps the newsgroup alt.inventors might also be able to help you.
+alan-
emailed also
--
Alan Winstanley email: al...@epemag.demon.co.uk Views are my own.
- Everyday with Practical Electronics Magazine -
Wimborne, Dorset, BH21 1PF, United Kingdom
Robert Macy
CG>I am an individual inventor currently with about 50 ideas/inventions
CG>such things as consumer products and household goods as well as some
CG>that are automotive related. Some products are only weeks away from
CG>release and need a few thousand dollars (US) to get into the
CG>marketplace. Others are months or years away from final prototypes and
CG>require more money. ALL ARE PRACTICAL, FEASIBLE and I feel SELLABLE.
CG>What I am seeking is help in contacting the right people who could help
CG>financially or manufacture prototypes of these items at their costs.
CG>REWARDS WILL BE PERCENTAGES OF ROYALTIES AND/OR ???? THANKYOU
Chris,
It costs *more* to go to production than to do the engineering. It
costs more to market than to do the production. It costs more to do the
distribution than to do the marketing.
I used to use what I called the "Rule of 3". For example, if it cost
$30,000 to Engineer, it cost $90K to set up Production. If it cost $90K
to set up Production, it cost $270K to set up Marketing. If it cost
$270K to set up Marketing, it costs $800K to set up distribution.
These numbers have been borne out by factual marketing cycles, *UNLESS*
there is someway to circumvent the costs. Like ride on an already
existing distribution channel - mail order catalogs, license to mfgr,
etc. Or, the unit's marketplace is a natural add on to an existing
product. Or, the product can "also" be made by some production place.
That's why if you made something that cost $10 to make; the end user
will pay more than $50 to $70 for it.
Now about making prototypes, it is always possible to get those made at
very low costs. But the important question is "what do you do with
them?"
The best advice I can give (after going through the same *very*
frustrating experiences is, "find a company already addressing the
market of your product and license them to do it." Almost nobody will
pay for the prototyping of a product without at least a "feasibility"
model to demonstrate that the concept works.
Concentrate on one product concept to make it happen. Then with a track
record you have more weight.
Keep in mind that in the US, corporations must be fiscally responsible.
That means that within a 12 month framework the books better not only
balance but be profitable or the board is out on their ears. That
framework makes it *very* difficult to expect a corporation to work in
any type of long term investment return policy. Thus your products had
better be cheap to develop, fast to the market place, and reap huge
returns; or *no one* will talk to you.
If you think it's still possible to get a company interested *always*
always* go through the Chairman, CEO, Pres, or Marketing (the people who
know the potential) *never ever* go through anybody else.
Engineering will hate you - not invented here, why weren't they doing
their jobs?
Production doesn't want to be bothered - busy filling orders, meeting
schedules, they don't want more work.
But to catch the top people's attention, you've got to address the
question, "why should they bother to do it?" The answer can't be,
"because it's neat." It's got to be, faster, cheaper, more money.
Now, back to your initial question, "Who do I turn to?" Chris, if you
were more specific about your products; I could name markets, companies,
top people's names, etc. But just the question, "How do I turn an idea
into a product?" will not collect extremely worthwhile answers. And you
had better not be saying with that question, "How do I sit back and have
people show up at my door begging for my ideas to turn them into
products, doesn't happen." But I'm sure you noticed that already. :)
Give you examples, Toys - there's just about only two ways to break into
that market.
Auto - Almost *never* through the big 5. Is this a
"secondary" market product?
Consumer - Durable or consumable? There are some
distribution channels that will let you
put your product out there (at your risk
of course)
I know I'm probably preaching to the choir, since you've been at your
battle for awhile. But the culmination is "if your product doesn't do
something better for less, or can't be done any other way,.....it's
doomed to become one of the many "good" ideas that never made it to the
market place.
However, if you truly believe in the product, don't let *anyone* deter
you. Keep hammering away.
Again, be specific. Tell people what you want. Don't expect them to
fill in the gaps. *YOU* take the initiative.
- Robert -
* OLX 2.1 TD * I support free speech, but not fiction presented as news.