How can I pre-sell physical product that has not been produced yet?
Note: I did have some prototypes created and have shown them to friends, they liked what they saw. So it seems to be a good idea, just need the money part to get it off the ground.
The problem I run into is that you have to order so many of an item, like 5,000 or 10,000 at say $3.00 each and I would sell them for $15 or $20 each. So I need about $15,000 to $30,000 for the first production run, which I Don't have. There is usually a lead-time of three to four weeks for these kinds of products to be produced, so people would have to wait for the first production run to get their item in the mail.
I will give you some made up examples:
Example #1: A Calendar on collectable Hot Wheels cars.
Example #2: A new Fantasy card game
Some of my thoughts on this:
People would pre-order the first production run at a special discount or receive some special bonus. An example would be 50% off or additional gift.
Start blog on idea or website?
I need some ideas or suggestions
Many thanks, Tony.