I have a business idea I have been pondering for a while now and would like to get some feedback. I have owned different types of fabrication company's over the years and still do. I have always wanted to provide a service for people who have an idea for a product but who may not have the know how, equipment or the capital to build their idea. So my idea is to provide a business that will provide these things for the customer.
Lets say you have an idea for a downhill related product. You could get in contact with me and you could provide me with a general idea of the product you want built. Then I would provide schematics for the product for your approval. I would then machine and build the part and ship it you. The customer would be charged for the materials, labor and consumables. There would be no profit margin charged to the initial customer. The customer would have to sign a release that would give the idea to my company for further development and eventually marketing and production.
Keep in mind that most ideas will never make into production because of feasibility, patent infringement or marketability. I have had many a great idea that would work for me in a certain circumstance but would never make any money. I'm not really sure what the ratio of good products to one off products would be but it would only take one great idea to make the company a success.
How many of you have had an idea for something you would like built or improved but didn't have the tools at your disposal to do it yourself. Maybe a custom set of dropouts, a special work stand, a custom tool to make a job easier or shuttle rack for my sons four wheeler so he can haul me and my friends to the top of our trails (in work now)
So let me know what you think. Would you be willing to pay for a custom product but also willing to give up the idea? Thats the basic question I need answered. Please let me know what you think but please don't try to give me a bunch of business advice. Thanks in advance
Lets say you have an idea for a downhill related product. You could get in contact with me and you could provide me with a general idea of the product you want built. Then I would provide schematics for the product for your approval. I would then machine and build the part and ship it you. The customer would be charged for the materials, labor and consumables. There would be no profit margin charged to the initial customer. The customer would have to sign a release that would give the idea to my company for further development and eventually marketing and production.
Keep in mind that most ideas will never make into production because of feasibility, patent infringement or marketability. I have had many a great idea that would work for me in a certain circumstance but would never make any money. I'm not really sure what the ratio of good products to one off products would be but it would only take one great idea to make the company a success.
How many of you have had an idea for something you would like built or improved but didn't have the tools at your disposal to do it yourself. Maybe a custom set of dropouts, a special work stand, a custom tool to make a job easier or shuttle rack for my sons four wheeler so he can haul me and my friends to the top of our trails (in work now)
So let me know what you think. Would you be willing to pay for a custom product but also willing to give up the idea? Thats the basic question I need answered. Please let me know what you think but please don't try to give me a bunch of business advice. Thanks in advance