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Have you designed, produced, and sold your own product?

Catwell

Has anyone here ever developed a products and sold it by yourself? If you have, share your story with us. What difficulties did you face? What should one do when it's time to sell a product?

 

And it's ok to do a little shameless promotion.

 

 

I know a lot of people here could use a few tips in this area.

 

Cabe

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  • 0
    Developing a product, producing and selling a product are what entrepreneur dream of.  It is a rollercoaster of successes and failures and requires a strong will and desire to persist despite the many obstacles you will face.

     

    We developed a GPS tracking system under the name Quino Solutions inc.  www.quino.ca    We developed two main products using the same GPS hardware technology.  One product is sold to police, military and private investigators to track suspects and understand where a person goes in order to develop an understanding of suspects daily activates.   We also developed a mileage tracking tool that helps sales people and mobile technical employees the ability to automatically keep track of their travel expenses and mileage used by their personal vehicle for business use.

     

    This project required a fair amount of understanding in finance, marketing, engineering and human resources.   The project was very successful and won a number of awards. The process we used to become so successful is the following:

     

    Come up with a great idea.

    Talk to people about it and find out what people want.

    Get funding and gather your development team.

    Develop the product

    Go to market

    Achieve success….win lots of awards.

     

     

    This is a most basic steps and it appears intuitive and rather obverse.  However, we have helped many clients who have not gone through each of these steps.  Some have even changed the order of the steps and as a result have failed miserably. If you would like more information and want to achieve success take a look at how we can help.  Pinter Electronics Consultants.

     

    Chris Pinter

  • 0 in reply to Chris_Pinter

    Chris,

     

    The most difficult step is "Get funding."

    Any thoughts and experience you can share on this perpetual issue?

     

    Cabe

Reply Children
  • 0 in reply to Catwell

    Well,  I would agree that getting funding is very important.  However, I would argue that talking to people and getting buy in from customers is far more important.  Engineers do not generally understand the important roles marketing people have.  Marketing is the key to knowing if a product will sell or not.   If a product cannot sell...if you do not have a customer then an investor cannot see how they can make money.  Why would an investor put money into an idea that is not well thought out and has no indication of possibly making money?

     

    Get the market research done right and money will be available.  

     

    If you need specifics in where to get money or you are looking for funding help in developing your next great idea you can submit your marketing plan and product idea to the "Pinter Technology fund".   We can take a look at the idea and help you fund the development.  This is a great fund for early start ups and can offsetting the costs of development.  It also leads to more funding opportunities as the product become commercialized.

     

    NEED DEVELOPMENT FUNDING?....check this out!      http://www.pinterec.ca/services/business-engineering/pinter-technology-fund

     

    Hope this helps,

     

    Chris Pinter

    president

    Pinter Electronics Consultants

  • 0 in reply to Chris_Pinter

    Chris,

     

    Nice plug. It look like you have a lot of valuable information to offer. Do you hae any success stories? Companies turned around by your services?

     

    Cabe

  • 0 in reply to Catwell

    I have been helping many company throughout the years overcome a variety of issues.  Many of my biggest successes have been with small companies to help develop new technology or find funding to get their idea to the next level.  Some companies include Veriteq Instruments, Massload Systems, and Safecell Technologies.   We have more companies listed on our website.

     

    http://www.pinterec.ca/about-2/portfolio

     

    Many of the companies have provided recommendations including some of our bigger customers, such as Microsoft.

     

     

    "[Pinter Electronics Consultants provided] a comprehensive test plan and worked closely with the design team to solve multiple radio and antenna issues... Chris’s professional take charge leadership made the difference when he had to travel to Japan to help the radio module vender find an elusive problem and provide a solution that allowed the [Zune] product to launch on schedule." Ron Newton (HW Design and Test Enginer, NWCS-Microsoft)

     

    This is just some of the work we have been doing.  If you are developing high tech products, we can help.

     

    ----

     

    The market is forcing change... improve your technology.

    You need a technology specialist that assures success.

     

    Pinter Electronics Consultants

    www.pinterec.ca