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Casual Articles - Profit From Product Re-Design
Entrepreneurs understand how important it is to surround oneself with strong, dependable, loyal and able people. It’s been said that, in the heat of battle, the soldiers who stand by you are not the college kids and the pretty boys, but rather the ex cons, thugs, drifters and pimps. When the bullets are flying, somehow a PhD or MBA doesn’t make much of a difference.If you were about to trek across the ice to the North Pole, whom would you choose to be on your team?
Will it be a major improvement if I fix it? It’s got to be a significant change for the better. If you just hate the colour and want to paint it red, no one will notice.
Will there be a true point of difference from the original? If you make the improvement will the difference stand out? Can you hang your hat on it as a marketing tool, or wi
When you go on to legally form your own business, you will in many cases be faced with a few options: registering an llc, a corporation, a partnership or just be self employed. The option of forming an llc is the one discussed in this article, as it is probably the best one in many situations.LLC stands for Limited Liability Company. That means that the company is a separate legal entity from the person who founded it. The meaning is that the person cannot be perso
There are lots of things out there that we use every day and, surprisingly, most of them can be improved to work better, be more useful or just look better and could make you money. Let’s take an example: the pouring spout and lip. Every tea pot, jug, carafe, virtually anything that holds liquid has a pouring spout or pouring lip. But what annoys people is that it drips. There you are, thousands of years of continuous refinement and we still can’t get it right!
So, if someone takes the time, examines the problem and comes up with a really dripless spout, people will beat a path to their door? Well not really. There’s all that branding, marketing and selling stuff to get through, but that’s another story. There’s room for improvement in almost any common product and it’s this tinkering around the edge of design that makes our life better. By addressing those pebble-in-the-shoe kinds of irritations, we can probably get rid of half the angst in the world today.
What’s the point? Well, if you don’t just want a better world to live in, you can probably make money out of simple improvements to every day things. Don’t get me wrong, this isn’t for everyone. Just because you’ve banged a nail into a piece of wood doesn’t mean that you’ve got a better coat hanger.
It takes thought and discipline to come up with a viable alternative. Don’t forget these things have been around for a long time, so lots of people have probably had a go at redesign. There are about four major issues to consider before you start:
What really irritates me about this thing? Personal involvement is the greatest motivator. Unless you’re a professional industrial designer, you’ve really got to have your heart in it to achieve success. If you think it’s sort of OK as it is, don’t start.
Will it be a major improvement if I fix it? It’s got to be a significant change for the better. If you just hate the colour and want to paint it red, no one will notice.
Will there be a true point of difference from the original? If you make the improvement will the difference stand out? Can you hang your hat on it as a marketing tool, or wil
Would you agree that there are some people that seem to have a gift for delivering top customer service?Their voices are lively, they listen patiently, and they organize their explanations succinctly and effectively.And there are others who seem miscast in their roles. They’re impatient, irritating or irritated, and they’re confusing.It would be easy to impute skill to the first type. They’re successful and they’re well received, and generally we beli
So, if someone takes the time, examines the problem and comes up with a really dripless spout, people will beat a path to their door? Well not really. There’s all that branding, marketing and selling stuff to get through, but that’s another story. There’s room for improvement in almost any common product and it’s this tinkering around the edge of design that makes our life better. By addressing those pebble-in-the-shoe kinds of irritations, we can probably get rid of half the angst in the world today.
What’s the point? Well, if you don’t just want a better world to live in, you can probably make money out of simple improvements to every day things. Don’t get me wrong, this isn’t for everyone. Just because you’ve banged a nail into a piece of wood doesn’t mean that you’ve got a better coat hanger.
It takes thought and discipline to come up with a viable alternative. Don’t forget these things have been around for a long time, so lots of people have probably had a go at redesign. There are about four major issues to consider before you start:
What really irritates me about this thing? Personal involvement is the greatest motivator. Unless you’re a professional industrial designer, you’ve really got to have your heart in it to achieve success. If you think it’s sort of OK as it is, don’t start.
Will it be a major improvement if I fix it? It’s got to be a significant change for the better. If you just hate the colour and want to paint it red, no one will notice.
Will there be a true point of difference from the original? If you make the improvement will the difference stand out? Can you hang your hat on it as a marketing tool, or wi
If you have ever worked in a Contact Centre or any other customer facing area in any business you would have come across irate customers. No one finds it easy to deal with angry customers. However, learning the techniques described in this article will prepare you to deal more professionally with angry customers.Why it’s important to deal with angry customers professionally?Business success depends on repeat business, which I don’t need to substantiate to an
What’s the point? Well, if you don’t just want a better world to live in, you can probably make money out of simple improvements to every day things. Don’t get me wrong, this isn’t for everyone. Just because you’ve banged a nail into a piece of wood doesn’t mean that you’ve got a better coat hanger.
It takes thought and discipline to come up with a viable alternative. Don’t forget these things have been around for a long time, so lots of people have probably had a go at redesign. There are about four major issues to consider before you start:
What really irritates me about this thing? Personal involvement is the greatest motivator. Unless you’re a professional industrial designer, you’ve really got to have your heart in it to achieve success. If you think it’s sort of OK as it is, don’t start.
Will it be a major improvement if I fix it? It’s got to be a significant change for the better. If you just hate the colour and want to paint it red, no one will notice.
Will there be a true point of difference from the original? If you make the improvement will the difference stand out? Can you hang your hat on it as a marketing tool, or wi
Capital Access: * If a company needs to raise capital, it can sell stock(equity). These funds may be used for a variety of purposes including; growth and expansion, retiring existing debt, corporate marketing and development, acquisition capital and corporate diversity. Unlike an IPO you suffer less dilution. Once public, a company's financing alternatives are increased. A public status can also provide favorable terms for alternative financing. In gen
It takes thought and discipline to come up with a viable alternative. Don’t forget these things have been around for a long time, so lots of people have probably had a go at redesign. There are about four major issues to consider before you start:
What really irritates me about this thing? Personal involvement is the greatest motivator. Unless you’re a professional industrial designer, you’ve really got to have your heart in it to achieve success. If you think it’s sort of OK as it is, don’t start.
Will it be a major improvement if I fix it? It’s got to be a significant change for the better. If you just hate the colour and want to paint it red, no one will notice.
Will there be a true point of difference from the original? If you make the improvement will the difference stand out? Can you hang your hat on it as a marketing tool, or wi
Whether you are a trained interviewer or not, if you have done any interviewing for hiring at all you will know that some people interview better than others. You will know that some people are truthful and others lie and tell you whatever they think you want to hear.In addition to the honesty factor, interviewing, on the part of the job applicant, is a learned skill.Personality affects how well one interviews. A shy person will not shine in a interview th
Will it be a major improvement if I fix it? It’s got to be a significant change for the better. If you just hate the colour and want to paint it red, no one will notice.
Will there be a true point of difference from the original? If you make the improvement will the difference stand out? Can you hang your hat on it as a marketing tool, or will it get confused with the original.
Is the technology within my grasp? Don’t try to improve the pace maker unless you know something about metallurgy, microchips, electronics and above all, anatomy. Stick to things you know best.
Of course the most important thing, the actual redesign, is up to you. But the best solutions are simple, and appear obvious after all the agony.
If you’ve come up with a better widget and you think it will sell, what’s next?
Research the market, don’t rely on anecdotal evidence. Check what’s out there and how much it sells for and at what volume. Every country has government agencies which deal with patents and design registrations; you can generally search their data base for similar products and designs. If you find something similar, be warned, you could end up in court if you proceed.
Don’t discuss it with your friends, or manufacturers, or retailers. Keep mum until you’ve registered or patented or somehow protected your design from being copied. It’s too late once it’s on the market. If you have to discuss it with someone, get them to sign a non disclosure form giving you exclusive rights.
Decide on production costs and methods, profit margins, sales methods, positioning, advertising, etc.
It ain’t easy but in the end everyone needs widgets, and the low-tech end of the market is the least competitive and the most rewarding.
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