Nov 24 2009

Everything’s A Prototype

There is no finished product, nor should there be!

Most people dive in with faith or rather hope that; their finished product will be successful, their idea will work, their creation will fly!

The seasoned entrepreneur would never invest energy without basing his efforts on the previously run tests. He does not create a product and then spend 2 months working out all the packaging, before testing interest, demand or profitability. In fact he goes one step further and realizes that everything is a test and every product will be a prototype towards the next stage of the business.

Step by Step the business grows, scaling up to the next test based on the previous results. Keep riding the winners and cut the losers off, while this concept is easy to say and agree with, emotionally it can be hard to do!

Sometimes we get too attached to our losing ideas and projects in the same way that unsuccessful gamblers keep gambling because now they really have to win in order to regain their investment.

On the flip side we often leap from our successes in order to chase something bigger and better.

Keep your winners and loose your losers.

If you are interested in making a better income stream from your online activities, take a look at everything you have done so far and determine which project worked the best, which one is the most successful based on the effort invested. Now focus on that project and take it to the next level.

Run another test!


TAGS:
  • How do i start making money now with my real estate license?
  • I guess it depends on what one is designing, for a lot of things I've seen, I'd guess if it fails on the first try one labels the design finished and sends it to manufacturing.
  • Depends on how much time, money, and determination are available for the project. A more important question for you is probably, how long can you think of your colleague as "an insane female with mental issues" before your attitude leads you to quit or get fired?
  • I have an excellent idea for a prototype of a small gadget product. It is mostly plastic, but will have to include metal parts and some digital programming aspects, but nothing too extensive. Where should i go to find someone who can design a prototype based off of my idea. I need more detailed technical designs and a prototype before i can go about getting a proper patent. Any ideas?
  • Really a great post. I am so impressed. keep it up.........
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