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11-11-2010 #4
When I got made redundant I did it, rather a big incentive being thrown on the scrap heap. I bought "Contents of the workshop and work in progress" from the liquidator for £800 and made enough money to pay for the injection tooling. I started making my "chronoscopes" at home, couldn't keep up, then China found me. I sell them for £34+tax and I have sold 26,426 to date. I also licenced the metric version which did very well in the toy shops of Tokyo
A new product requires a champion if it is to succeed. Someone who will throw money at it and keeps pushing. That's you. You have to fix every problem as it crops up because nobody else will do it for you, nobody cares if your brill' idea goes down the plug hole. It takes over your life.
After you do it once, people start emailing you because they have had a marvellous idea and want you to do all the spade work to make them rich. They can never understand why you seem totally uninterested.
"Produce a quality product then strive to improve it".
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