New Product or Service?

When you have a new idea that has developed into a product that you think will change the world, ask these questions before you jump in with both feet.

.Is it an original idea?
.Is there a broad need for it?
.Will buyers understand it?
.Who will buy this product?
.What is the target market?
.How will you reach this market?
.Is the price affordable?
.Does the value match the price?
.Can you afford the marketing cost?
.Will you have an inventory?
.Can you sell it online?
.What if demand gets big?
.Will you offer a guarantee?
.Who will manufacture it?
.What if competitors come in?
.What are your sales goals?
.What are your profit goals?
.What if it doesn't sell?

When you know the answers to these questions you may be ready to patent & test your new product. Once you have made the commitment put 100% of your effort behind it. Good Luck !