Product Design For New Inventions

Just because you have a great new invention does not unfortunately necessarily mean that it will sell easily or that you will be able to make it into a real product. Taking a new idea from the germination of an idea, to a real product that can be mass produced, that will sell, and that will get good reviews and earn you big profits is difficult work and it’s important to make sure that you get help and that you get real product design when you try to launch a new invention.

First of all you will need to come up with your invention. This is the relatively easy part, though of course it’s also important that you make sure this is a product that will actually sell and that will actually be popular. Some great ways to come up with new inventions are to think about what you could use in your own life that would make your day to day routines and jobs easier. The more often you think you would use the product the more likely it is to be highly successful and the more likely you are to make a big profit from it. But chances are that if you could use it, then so could someone else. If you have a little niggle in your life, or if you think a task could be completed faster then think about how you could solve that problem or complete the job faster.

Another way to come up with new inventions is to try and combine two or more things that already exist. By combining two existing products you can come up with one product that’s easier to transport and that has multiple advantages.

From here though the challenge is then to take that product and to make it into something that you can sell and that can really launch a business. That’s where product design comes in.

To sell a product it needs to be mass produced. This means that it needs to be constructed by a machine en mass using parts, and that means that you need a file that the machine can read – a CAD file which stands for ‘Computer Automated Design’. In other words, you need someone who can create the precise design specs here.

At the same time though that design needs to be well thought out to the point that it will take into account things like the cost of materials. This is absolutely crucial if you want your product to actually be profitable – and if you are spending too much creating each unit then you will have difficulty selling it on to buyers and stores.

How Much Does it Cost to start a crypto exchange like LocalBitcoins?

Cryptocurrencies are the new-age virtual currencies that work on blockchain technology, which is completely decentralized. Cryptocurrency is becoming more and more popular in the fintech world. Simultaneously the demand for crypto exchange is fast expanding because people use these exchanges to trade cryptocurrencies. So, many business people and entrepreneurs wish to create crypto exchange platforms. Various crypto exchange business models are available in the crypto market. Among them, the LocalBitcoins crypto exchange model has gained popularity. This has led many entrepreneurs to start a crypto exchange businesses like LocalBitcoins.

When stepping into a crypto exchange business like LocalBitcoins, the first thing which comes to everyone’s mind is, How much it would cost to start a crypto exchange business like LocalBitcoins? Now let me give you the solution for it in this blog.

Factors that induce the cost to start a crypto exchange like Localbitcoins

The cost of creating a crypto exchange like LocalBitcoins depends on various factors like the development type which you choose to create, features you wish to integrate into your crypto exchange, and the exchange software solution providers.

Development type
Creating it from scratch
Creating a crypto exchange platform like LocalBitcoins from scratch will cost you nearly $50k to 100k. Apart from this, it will take a huge amount of time to create your crypto exchange platform like LocalBitcoins. You will need advanced technology tools to integrate add-on features and additional benefits, which will cost you even more. You should also work on securing your crypto exchange.

Using a pre-developed LocalBitcoins clone script

If you opt LocalBitcoins clone script for creating your crypto exchange like LocalBitcoins, it is way more effective as it would cost you only $4k to 12K. The most exciting thing is that You can start your crypto exchange platform instantly within a short span, say a week.

Since this way of creating a crypto exchange like LocalBitcoins is more budget-friendly, I shall take you through the overview of a LocalBitcoins clone script, and guide you on how to get it.

LocalBitcoins clone script – An overview

LocalBitcoins clone script is a ready-made software that is a complete package of all essential and advanced features which is present in the LocalBitcoins exchange. It is also not copyright infringed as it has its unique features and add-on options. It is completely customizable, and you can modify the software as per your business requirements. It ensures the security of your exchange. It also takes very less time to launch your crypto exchange like LocalBitcoins.

Integrating additional features

The cost of creating a crypto exchange also depends on the features that you wish to integrate into your crypto exchange platform. If you create from scratch then every feature requires a certain amount But in the LocalBitcoins clone script, you will be having the basic features by default and even if you wish to integrate additional features in your exchange it will be under the budget-friendly side.

Some of the additional features

Margin trading
IEO launchpad
Staking
Crypto derivatives & more.
Apart from this, there are even more additional features that you can add to your exchange. Even though the cost differs for incorporating additional features, it won’t exceed the cost of a scratch method.

How to get a LocalBitcoins clone script?

After knowing the best method to create a crypto exchange like LocalBitcoins is by getting a LocalBitcoins clone script, You can get the exchange clone script from a reliable and budget-friendly script provider. Several LocalBitcoins clone script providers are available in the market. Not all LocalBitcoins clone script providers charge you the same price. So the cost of creating a crypto exchange like LocalBitcoins also depends on the script provider you choose. You should do some research on the script provider’s portfolio, reviews, ratings, and the cost of their LocalBitcoins clone script. After serious research on the above criterion, I came to know that CoinsQueens offers the best Localbitcoins clone script/software for your crypto business, thereby helping you to build your P2P crypto exchange software like Localbitcions right away. According to your business requirements, they help you kickstart your cryptocurrency exchange platform at an affordable price of $4k – $12k. So, why wait? Just visit their website, get a free demo and kickstart your cryptopreneurship journey with them.

Methods to Increase Profits When Doing a Product Launch

Many IMers create awesome products, but many fail to actually make full profits from it. Why? Simple, they just do not know how to do the right marketing and sales process for their products. To get maximum profits from your product sales, you must understand and implement the correct mechanics of a effective product launch process

How?

The first step to take is to plan on how to market your product. There are numerous ways to do that; start by listing out all the important details and deadlines for your product. This way you would not find yourself delaying the product launch, thus making it bomb.

Second goal is to market the product the right way. You just cannot launch a product and expect your website to do the selling for you. You must find other means to promote your product. Among the few I can name is, Facebook and Twitter. These social media sites provide excellent exposure as you can promote your product to all your contacts. Also, besides exposure you also get free authority and publicity. The next is to find a few Internet marketing forums and you can promote your products there.

The third goal is to gradually build your list size. This can take time, but it is worth it. There are many ways to build your list; among it is to swap ads with other IMers. Also, PPC (Pay Per Click), and Giveaways. It is recommended that you initiate your list building at least 4 weeks prior to your product launch date,. That way you will have a higher chance of increasing your list size and better selling conversions

The last action to take is to go the affiliate route. Using affiliates, you are exposing your products to significantly larger potential customers. Use ClickBank to garner their wide spread affiliate network

After you set up everything, and after you launch your product, if everything goes as planned, you should see success. Good Luck.