How to create a product with LOW to NO capital
Every once in awhile ideas comes in our mind while we are in a middle of work, sitting in the office, traveling somewhere or just relaxing after a busy day. It’s one of those eureka moments. It drives us to create new things, a product that will be useful for everyone. Now the inspiration to create a product begins. So you quickly type it down and begin to think of the process of how to make your idea into reality when suddenly the first hurdle strikes in. You realize you just don’t have the fund for your brilliant product idea.
Here are some of our proven tips on how to turn your product idea into reality.
Tip No. 1 Begin your planning. Write down the things you need, and it even doesn’t have to be too long. Just make sure clear steps are there and the checklist of what you need is present to guide you from start to finish.
Tip No. 2 Build your prototype from scratch materials. The key here is your resourcefulness. There’s no need to spend anything in creating your prototype. Look around and you’ll be surprised on what’s available at home or in the office to build your first prototype. This is how HatPak was created. With the use of cardboards, pins, glue and imagination, a useful prototype was built.
Tip No. 3 Present your product idea to people close to you. Getting tips and suggestions on how to improve your product are so valuable at this point of your product development. Take down notes, review them and analyze well how these suggestions can help improve your product. If you were able to seek the help of the right people, they might even throw in a few suggestions to speed up the process of building your product.
Tip No. 4 Once you have your perfectly crafted prototype, it’s now time to locate your funding. There are now many ways to get funded with the help of crowdfunding communities available online like Kickstarter, Indiegogo, Onevest and so on. You can check their guidelines and other steps on how to successfully get the funding you need to jumpstart your product idea.
So before you trash the whole thing or spend your life savings, consider these tips on how to bring your idea to life in a low or with no budget at all. All you need is your solid creativity and resourcefulness.
For more tips and advice on product development, visit Jetpaks.net and follow us on Facebook.
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