A I am a bad poker player, due to the fact I cant help grinning like the village idiot when blessed with a winning hand or frowning like a sad clown when given a dud. I also never mak... Q I have a good idea for a fantastic new product. There is nothing like it in the marketplace and no opposition that I will find. To read more, please have a gaze at company website. I think it will be described as a huge success and so does everyone I tell the theory to. Im prepared to bet the farm on this one. What do you consider my odds of success are? A I am a bad poker player, due to the fact I cant help grinning like the village idiot when blessed with a winning hand or frowning like a sad clown when dealt a dud. I also never make possibilities on the success of amazing new services because more often than maybe not the only thing thats amazing is the way the solution is very ignored by the buying public. In my software business there has been occasions when we came up in what we thought was an amazing idea for an amazing piece of software - a piece of software therefore amazing, in-fact, that we realized that all mankind would sit up and just take notice, then line up to write us checks. After numerous hours and a large number of dollars spent building the product we were surprised to find that the only people who thought the program was really amazing was us. We made humanity yawn. Quite an amazing accomplishment, if I do say so myself. I-t concerns me that you say there is nothing like your idea available on the market. As you might think that is the best thing, it could actually mean that there is no market for your product. Exactly the same holds true for deficiencies in competition. A lack of competition may possibly mean that theres no demand for such a solution. Going To cheap fundable staples certainly provides suggestions you can use with your brother. Rarely does a product come along that revolutionizes an industry. Rarer still does an item create a new market on its own. So, how can you tell if your wonderful new product really is worth gambling o-n? The stark reality is, you are able to never be a century certain that your idea will offer. No matter how enamored youre of it or how much your friends talk about it, the success of the new idea depends upon a number of factors, a lot of which are beyond your control. Such factors include The stability of the idea is this really a solution that you could build a business around? Does the theory have the potential to build income or customer loyalty? Individuals applying the idea the best team will make even an enormous success to an average product heard of Windows. Inversely, a poor group couldnt offer ice water in Hades. Choose your team watchfully. The proper people do make most of the difference. The demand for such a product within the marketplace will this product fill a need or satisfy an itch? The competition is the industry already crowded with competitors? In that case, what will it take to go your product in front of the group? The depth of your pockets even a fantastic product requires a load of cash to get from drawing board to store display. The availability of other resources required to just take the merchandise from the drawing board to the consumer have you got enough time, the drive, the perseverance, the data, the contacts, the support, and 100 other things required to bring your remarkable idea to fruition? The list would not be complete without sheer luck and timing. And a lot of other activities. Before you spend an excessive amount of time and cash in your idea, perform a little study to determine if its an idea thats really worth gaming on Research the marketplace for similar items. Again, if there are no similar products o-n the market that might mean theres no market for that item. If there certainly is nothing exactly like your product, research similar products that fill a similar void within the consumers life. Learn all you can about such products pricing, market share, background, etc. Re-search your competition. As stated earlier, if theres no competition there might not be a market for an item like yours. Study the competition totally little guys and major guys to help determine if it is possible to really compete for market share, if theres competition. Identify your target customer and question them for an honest evaluation of the concept and its marketability. Visit my fundable to check up where to mull over it. Avoid friends and family while they usually only tell you what you wish to hear. If your target customer is just a 35 year old female, pitch your idea to every 35 year old female you gauge and meet their response. Only dont break any stalking laws in the name of general market trends :o. The best advice I could offer you when it comes to wonderful new product ideas it is best to check out your mind and not your heart. Its a lesson that took me years to understand. If I had a nickel for every wonderful new product I have committed to Id go play a number of hands of poker. Here is to your success.