So I notice this unique new product that I think is going to be huge. It is not produced by a publicly traded company. How can I capitalize financially?
Before you ask... I will share the product later. This whole 'see a new product, want to pounce' is a thought I have often, so I am looking for general ideas before talking about one specific product.
before it becomes big and well known, make a similar product and market the hell out of it. that product will die and you take all the profits. is that legal? it happens all over asia.
Gotta have a patent, or partner with whoever does. It's the American Way: "find an existing product and improve it for your own personal gain."
Unless you ownâhave patent from the product then you have very little likelihood to monetize. If its something fadish like spinners, you can buy up enough to resale but there's too much risk (too much inventory means you go broke).
I'd start by asking Felixthecat how he moved 400,000 Katrina bracelets. That cat has business savvy. http://bbs.clutchfans.net/index.php?threads/i-have-400-000.239809/
Wow that's a great thread, thanks. It's crazy. The dude was hustling and trying to make a buck while also donating to charity and he catches nothing but hate.
I've worked in business/finance long enough to realize how the larger corporation will attempt to screw over the little guy like you. Your best bet is to sell your idea to a much larger, better lawyered up company and then collect royalties on your product.
Yes I am aware of the cut-throat nature of business. I am not however the inventor, patent holder, owner of company, or anything like that. Just a dude who sees a product I think is about to pop off and seeking ideas for how to capitalize.
