No clickbait...
Here's the article... This 24-year-old made $345,000 in 2 months by beating Kickstarters to market
As an inventor this boils my blood especially if you put in hundreds of hours of blood, sweat, and tears into the project just to have someone else just swoop in and steal your customers with a knockoff.
This isn't the first product he's done this to either. IMO he's not an entrepreneur but a punk that preys on other's people ideas and cuts into the profit.
I have a feeling that we are going to be seeing more and more of these scam artist trying to pull this sh** with other crowdfunding campaigns.
There are a few good lessons that can be learned from this though..
#1. Control--- Is the product you are selling proprietary or can it be knocked off very easily? Who are your suppliers? Do you trust them? Does your product have USP that no one else can replicate?
#2. The Power of Smart Marketing-- How did this kid use the power of marketing to sell almost $350K in 90 days? Can you use similar marketing vehicles to grow your own business/products?
#3. Raising Capital - What route is best to start up your biz? Self Funding? Crowdfunding? What are the pros and cons of each? What are the results further down the road?
Curious to see what other people's take on this is and what other lessons can be learned from this.
Here's the article... This 24-year-old made $345,000 in 2 months by beating Kickstarters to market
As an inventor this boils my blood especially if you put in hundreds of hours of blood, sweat, and tears into the project just to have someone else just swoop in and steal your customers with a knockoff.
This isn't the first product he's done this to either. IMO he's not an entrepreneur but a punk that preys on other's people ideas and cuts into the profit.
I have a feeling that we are going to be seeing more and more of these scam artist trying to pull this sh** with other crowdfunding campaigns.
There are a few good lessons that can be learned from this though..
#1. Control--- Is the product you are selling proprietary or can it be knocked off very easily? Who are your suppliers? Do you trust them? Does your product have USP that no one else can replicate?
#2. The Power of Smart Marketing-- How did this kid use the power of marketing to sell almost $350K in 90 days? Can you use similar marketing vehicles to grow your own business/products?
#3. Raising Capital - What route is best to start up your biz? Self Funding? Crowdfunding? What are the pros and cons of each? What are the results further down the road?
Curious to see what other people's take on this is and what other lessons can be learned from this.
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