Hi everyone,
it's been a while since I've been active on this forum. As many before me, I tried the whole "selling on Amazon" thing.
Well it didn't quite work out and I didn't want to invest more time and money into it. As we all know it violates many of the CENTS.
If anyone is interested in what I did in that business you can read that here.
After my first failure the everyday life got the best of me. I was still reading books and learning new things but I wasn't actively pursuing anything. I should tell you that when I first started this journey and started reading books like "The millionaire fastlane ", I introduced my dad to all of this.
It also changed his whole mindest and outlook on life. My dad had always had many business or product ideas. But he never really acted on any of them. It wasn't until a couple of months ago that he came up with a new idea. He talked to several family members about it including me. And everyone was very excited about it from the get go (my grandfather even built the very first prototype 😀). At that point I already told him that this could be a big thing and that he should pursue this. Some more time passed and my dad refined the idea of his product more and more. At some point my dad asked me if we should do pursue this together. I immediately agreed. I should add that the relationship I have with my parents is very good. I know a lot of people will say you shouldn't do buisness with family. But we complement each other with our different skill sets. He is responsible for the product development itself and I will be the one in charge of selling it.
As of now I don't want to get into specifics as to what the product actually is. It potentially solves a big problem of our current society. My dad was able to build first prototypes on his own with materials from the hardware store. But now we need a prototype made of the actual material. We have a manufacturer not far from where we live. And a couple of weeks ago we had an appointment with them to talk through the process of creating the first prototype to mass production. As I am wiriting this we already ordered the first prototype to do more testing. The plan is to bootstrap the whole business and not use any outside capital.
Right now I am working on how we can eventually sell the product. My plan was to create a small online shop (maybe shopify). I thought of creating a landing page with a video that explains the problem and how our product can solve it. The landing page will link to the shop. To drive traffic to our landing page I thought of using facebook ads. This is still very rudimental and maybe anyone has some suggestions as to how you would go about it. Keep in mind the product doesn't exist in this form yet and is something completely new.
The plan is to keep this thread up to date with any future progress that we make. I hope I can get some feedback along the way and maybe this thread might be valuble to someone someday.
Hope to be posting an update soon!
Marco
it's been a while since I've been active on this forum. As many before me, I tried the whole "selling on Amazon" thing.
Well it didn't quite work out and I didn't want to invest more time and money into it. As we all know it violates many of the CENTS.
If anyone is interested in what I did in that business you can read that here.
After my first failure the everyday life got the best of me. I was still reading books and learning new things but I wasn't actively pursuing anything. I should tell you that when I first started this journey and started reading books like "The millionaire fastlane ", I introduced my dad to all of this.
It also changed his whole mindest and outlook on life. My dad had always had many business or product ideas. But he never really acted on any of them. It wasn't until a couple of months ago that he came up with a new idea. He talked to several family members about it including me. And everyone was very excited about it from the get go (my grandfather even built the very first prototype 😀). At that point I already told him that this could be a big thing and that he should pursue this. Some more time passed and my dad refined the idea of his product more and more. At some point my dad asked me if we should do pursue this together. I immediately agreed. I should add that the relationship I have with my parents is very good. I know a lot of people will say you shouldn't do buisness with family. But we complement each other with our different skill sets. He is responsible for the product development itself and I will be the one in charge of selling it.
As of now I don't want to get into specifics as to what the product actually is. It potentially solves a big problem of our current society. My dad was able to build first prototypes on his own with materials from the hardware store. But now we need a prototype made of the actual material. We have a manufacturer not far from where we live. And a couple of weeks ago we had an appointment with them to talk through the process of creating the first prototype to mass production. As I am wiriting this we already ordered the first prototype to do more testing. The plan is to bootstrap the whole business and not use any outside capital.
Right now I am working on how we can eventually sell the product. My plan was to create a small online shop (maybe shopify). I thought of creating a landing page with a video that explains the problem and how our product can solve it. The landing page will link to the shop. To drive traffic to our landing page I thought of using facebook ads. This is still very rudimental and maybe anyone has some suggestions as to how you would go about it. Keep in mind the product doesn't exist in this form yet and is something completely new.
The plan is to keep this thread up to date with any future progress that we make. I hope I can get some feedback along the way and maybe this thread might be valuble to someone someday.
Hope to be posting an update soon!
Marco
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