I am looking for the next "WOW" idea/invention that I can license from the inventor and pay royalties.
Some of the products that I am searching for, BUT not limited to are marketed in certain industries, including; lawn & garden, consumer products, especially those that help our aging population and around the house problem solving products.
Please contact me at email@example.com if you would like to learn more.
I always sign a non-compete/non-disclosure agreement, as should anyone you talk with.
Proven investor with repeated success taking products from concept to market is looking for the next "WOW" idea to license. I will invest all of my own time, energy and capital to get your idea from napkin to shelf.
Some of the ideal criteria that I am looking for in a product, but not required is; around the house- problem solver type ideas, products that "help" people, especially our aging population, and lawn & garden products, etc.
Please contact me at firstname.lastname@example.org.
When I read your question, I wonder how much experience this person who wants to license your idea has about taking a product from the napkin to the shelf. Those experienced in product development have a rough idea and understanding of what it cost to get it going. Tooling is one small part of it.
Be careful licensing your idea to in-experience and having it fail.
To answer your question, it depends on the complexity of the part, the size of the part, if it's injection molded, extruded, or vacuum formed, has secondary manufacturing operations, etc. And yes tooling is less expensive over-seas and the turn-around time is quicker.
Best of success,
Usually companies only go overseas when quantities justify containers. I would suggest that you even stay in your area. I do not know of any near you but I'm sure there are many reliable and ethical plastics manufacturers in the Pittsburg area.
Here's a good resource to search
Best of success
Here's a good resource.
The most important quality about a mentor for me is their ability to challenge your thinking. That's the relationship I have with a person I consider my mentor.
And just because they are not able to talk shop, is really a good thing. They should really get you thinking long term, bigger picture/issues.
If you want to talk shop, find groups or organizations that are in your industry.
Best of success
Trade shows are worth their weight in gold, but only if you follow up on the leads that you receive. I've seen too many companies spend the time, energy and dollars for a show and not follow up with the leads. And then follow up again. And it's important to provide a different message each time; be helpful, be courteous and informational but never annoying or redundant. What I call "Drip Marketing". Like a drip of water, that eventually wears away, but in a good way. Stay top of mind!