How do you turn an idea into a revenue stream?

Discussion in 'Business, Careers & Education' started by tesseract, Mar 11, 2013.

  1. tesseract

    tesseract Senior member

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    I know there have been many successful entrepreneurs on styleforum. I have ideas for new products but do not know how to get from point A to actually showing possible investors a product. I may be laughed at or ridiculed but I would just like some advice on how to launch a product, especially a product nobody else has ever thought of.
     
  2. Fuuma

    Fuuma Franchouillard Modasse

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    One of our most prestigious collaborators of yore found out how to turn an idea into mid-stream, would that interest you?
     
    Last edited: Mar 11, 2013
  3. tesseract

    tesseract Senior member

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  4. LA Guy

    LA Guy Opposite Santa Staff Member Admin Moderator

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    Honestly? It depends on what it is. In general, the first thing is to turn it from a vague idea into a wireframe - a skeleton of how all the different parts should work together, and also whether there is a market/audience, how you'd reach them, what your revenue stream is going to be, and how much everything is going to cost (you'll be wrong on everything, but it's a necessary exercise anyway.) Then, you have to either make a prototype of whatever it is, or assemble the minimum number of people to do just that, and play around with it until it sort of works. That part is hard. Then, you have to sell your product, either the concept, to investors, or to end customers.

    You've got to be an optimistic, bullish, grinder to make it work. Check if that's you. If it is, then go for it. If it's not, maybe a straight job is for you.

    Oh right, and you need to be lucky.
     
  5. LA Guy

    LA Guy Opposite Santa Staff Member Admin Moderator

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    lol. Man, that was awesome. Would angel invest.
     

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