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Greetings!
In this issue we have our second part of our five
part series on how to succeed with no money. This
part will be on finding partners to launch your
product into the marketplace.
This issue is all about partnerships because our
inventor story is also about a group of young
entrepreneurs who used partnerships to start their
own company around their new golf product.
We also have a great article by the Packaging Diva
about upcoming packaging trends and some
announcements at the bottom of the newsletter.
Enjoy!
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How to Succeed with No Money
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Partnerships
Inventors are often struggling with little or no
money to bring their invention to market. This
often leaves inventors broke looking for anyone to
pay them anything for their idea. When someone else
takes their idea and makes millions of dollars, this
often leaves those inventors heart broken. Does it
need to be like this? Absolutely not. There are
many ways for inventors to make money from their
idea, even if they have no money to invest.
There are many different steps and tasks to
accomplish when you are bringing your product to
market. Many skills are needed to take an idea and
turn it into a product that sells. Last article we
talked about raising money to pay for all of these
steps and this article we will talk about bringing
on partners to accomplish all of these tasks.
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Inventor Story: Jason Hoium
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While Jason Hoium was golfing with some of his
friends, he lost his ball market. He was frustrated
and started of thinking of ways how to not have that
happen again. By the end of the 18 holes, he had
his idea for his invention, Magz, a magnetic ball
marker imbedded in the putter grip, and Hoium and
his friends decided to start a business, JBD Golf,
to launch the idea.
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10 Packaging Trends That Will Make Consumers Buy In 07
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by JoAnn Hines Packaging Diva
People are sick of conventional advertising. Let's
face it, most of today's ads aren't working or, at
best, aren't generating sales. So marketers need
other methods of communicating the product's worth
to the consumer. The package becomes an obvious and
valuable means to that end. The point is if someone
doesn't pick up your product they are never going to
buy it. That's where the packaging as an
advertisement comes into play. How can you engage
the consumer at the beginning of the product
relationship? The package is your silent salesperson
and it better have the right message delivered to
the right audience -- no matter what product is
inside. It's all about the package (or should be)
and who buy's it and why is it purchased.
Understanding and cultivating the consumer is an
ongoing task. Consumer preferences can change on a
whim. When it comes to product packaging, it's
important to understand the mindset behind consumer
decisions. Each year new trends move into the
foreground. Yet, while some are here to stay others
move on as quickly as the came in to being. Some
trends become mainstream across all industries,
ethnicities, and generations. Trends have power. Use
them wisely and you will reap the rewards. Here are
10 packaging trends that will impact whether the
consumer will purchase your products or not.
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Don's Business Model Concept Was Recently Featured on Entrepreneur.com
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Read about Don's business model concept here and for
more information make sure to visit our other online
articles on DonDebelak.com to find more in dept
information.
There, you can also buy Business Models Made Easy
for the most in depth information on improving your
business' model.
Learn More
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