How to price your physical product for maximum profits
Pricing your product is one of the most critical parts of your product development journey.
Getting pricing right is key.
It can determine whether your business succeeds… or fails.
Innovating Our Future: Highlights from the 2023 Greentown Labs Climate Tech Summit
Climate change is quite literally, a hot topic. Once a fringe conversation, climate change is a dominant news category and a phenomenon that is finally being taken seriously. Humanity is rallying to help the planet and everyone from policy makers to innovators are...
Holiday Gift Ideas for Inventors: New Prototyping Tools for 2024
As the holiday season approaches, it’s the perfect time to unwind, relax, and reflect on the journey of innovation and prototyping that the past year has brought us. Each project, with its unique blend of successes, setbacks, frustrations, and serendipitous moments, has provided invaluable lessons. These lessons are the building blocks for our future endeavors, whether they lead to refining our current product concepts or sparking entirely new and improved ideas.
In addition to reflecting on our achievements and setbacks, it’s also an opportune moment to evaluate and upgrade our prototyping capabilities. The tools we use in our workshops play a crucial role in the success of our projects. With that in mind, I’ve put together a list of my top four favorite products for the holiday season, each designed to accelerate your journey in inventing for the year 2024.
From the powerful Raspberry Pi 5, capable of running machine learning and AI programs effortlessly, to Bambu Labs’ range of 3D printers, including the X1-Carbon, which can produce parts for NASCAR racecars, these tools are sure to boost your creative endeavors. The Particle Photon 2 brings affordable muscle to your IoT products, allowing for quicker reactions and seamless machine learning at the edge. Lastly, the Snapmaker Artisan 3-in-1 3D Printer takes versatility to new heights, serving as a 3D printer, laser cutter, and desktop mill in one beautifully designed package.
Whether you’re a seasoned inventor or just beginning your prototyping journey, these innovative tools are your ticket to a year filled with groundbreaking creations. So, as you sip your holiday eggnog and savor those festive treats, consider how these products could be the catalyst for your next big breakthrough in 2024
Crowdfunding Landing Page Masterclass
We’re turning the spotlight on a critical step that often feels like standing at the edge of that canyon – creating effective landing pages for your crowdfunding campaign.
You’ll learn how to capture your concept into a single web page that needs to convince people to part with their hard-earned money and place their trust in your idea.
Let’s look at the 5-step system.
7 Must-Have Elements for a Successful Crowdfunding Campaign
Ever had a unique idea for a physical product, but uncertainty around funding has kept you from realizing your dream?
Crowdfunding could be your golden ticket!
We’ve helped companies raise over $500 million in crowdfunding.
100% of the companies we helped had these 7 must-haves in their campaign.
If you plan on crowdfunding any time soon, make sure you do too!
Bridging the Atlantic: YTILI – Forging Connections, Fostering Innovation, and Embracing Culture
Europe has always captivated American travelers with its rich cultural tapestry and historical treasures, making it a dream destination. The Young Transatlantic Innovation Leaders Initiative (YTILI) serves as a bridge between these two continents, allowing young European entrepreneurs to experience the American business landscape while forging cross-cultural connections. In 2023, Charlotte hosted seven YTILI fellows, including Strahinja Tirnanić from Serbia, who runs a marketing and social media agency. As a host at Enventys Partners, I ensured Strahinja gained a comprehensive understanding of our business, immersing him in consumer product design, sales, marketing, and crowdfunding campaigns. Beyond work, Strahinja explored American culture during Charlotte Innovation Week and experienced local sports. Our exchange didn’t end there; YTILI offers a reverse exchange for American hosts to visit their fellow’s home country. In mid-September, I journeyed to Serbia, where I joined Strahinja in experiencing Kragujevac’s local culture and explored the bustling city of Belgrade. Our journey concluded at the YTILI Alumni Summit in Slovenia, a gathering of European and American alumni, inspiring connections, and lasting partnerships. YTILI’s impact on fostering understanding, innovation, and cross-continental friendships is undeniable, and its legacy continues to thrive.
3,500+ Products Launched With This One Simple Strategy
Bringing a new product to market is exciting!
But it also takes a lot of planning.
A strong go-to-market strategy is key to launching your product successfully.
Follow this 9-step framework to develop a bulletproof plan.
8 Ways To Validate Your Physical Product Idea
One shot.
That’s all you have to seize the market’s attention with your innovative physical product.
They’ll give it a once-over.
If it resonates, they’ll be hooked.
Navigating the IoT Landscape: When to Embrace Connectivity and When to Keep It Simple
In a tech-savvy world, not every product needs IoT and an app. Sometimes, simplicity is key, and adding unnecessary complexity can alienate users. To determine whether IoT is warranted, consider the value of the data, the cost, and the prevalence of app fatigue among consumers. When it’s essential, modern development tools make IoT integration more accessible than ever before.
5 Key Principles In Physical Product Prototype Development
We want to help you explore the key principles of physical product prototyping that every innovator should know. This post will help you dissect the enigma that is the prototyping process — the cornerstone of physical product development that’s helping transform rough sketches into scalable successes.