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Forum topic by bennu500 posted 10-14-2013 10:54 AM 938 views 0 times favorited 21 replies Add to Favorites Watch
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bennu500

7 posts in 414 days


10-14-2013 10:54 AM

“Hello all, thanks for checking out my post. I apologize in advance that I have to be a little vague and coded in the questions. I have invented a product that I think is pretty interesting. I do not have any intellectual property protection for it yet so I will not be able to give out much detail.

The product itself is not very useful without lots of add-ons, accessories, and complimentary products. This is where you all come in. I would like to get an idea for how many people know about crowd-funding (i.e. Kickstater.com) and if there is any interest in a sort of market place where woodworkers could build and sell complimentary products for my invention. Think of it as a sort of woodworking app store. My product would be like an iphone and your products like the apps.

If you would not mind taking a couple minutes and answering 11 questions on a survey that I set up I would appreciate it. By taking the time to complete the survey this will help me to determine if there is any interest in moving forward with the costs and time to getting patents and setting up a kickstarter campaign to try and raise the funding required to put the product into production and setup an online market place where woodworkers could list items for sale to generate income for themselves.

Thanks in advance for your time.

The survey can be found here:

Take the survey


21 replies so far

View MarkwithaK's profile

MarkwithaK

370 posts in 1903 days


#1 posted 10-15-2013 10:44 PM

I’m sorry, did I read that correctly? You invented a “product” that in and of itself is not very useful?

-- If at first you don't succeed then maybe skydiving isn't for you.

View Don W's profile

Don W

15434 posts in 1292 days


#2 posted 10-15-2013 10:51 PM

I know we’re supposed to trust you, being on LJ for 5 days and all. And the information is almost complete, only lacking any detail. Were do I give my credit card #.

-- Master hand plane hoarder. - http://timetestedtools.com

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bennu500

7 posts in 414 days


#3 posted 10-16-2013 12:50 PM

You gotta love forums. The first people to reply will always be the ones with nothing good to say.

Yes, many products in this world are not very useful without other parts to make them fully functional. How useful is a car rim without a tire? Or a light bulb without a lamp? Sure, you could argue you can use those products for other uses alone they were not intented for. Same with my product.

Am I asking for anyones credit card? Nope. Am I asking for any money? Nope. Am I asking if people have any interest in possibly making money on the side. Yes. And how am I doing that? By checking to see if people know about certain things. Namely crowdfunding. And by seeing if people are willing to demonstrate their interest by taking the time to answer 11 questions. Which would probably take less time than posting negative replies to a person who is just looking for some feedback. But some people just can’t help being negative. And it’s ok, I expected to get some of those.

For the people who are taking the time to answer the questions, THANK YOU! I am getting some good information.

View Oldtool's profile

Oldtool

1892 posts in 915 days


#4 posted 10-16-2013 12:57 PM

Can you spell Ponzi?

-- "I am a firm believer in the people. If given the truth, they can be depended upon to meet any national crisis. The point is to bring them the real facts." - Abraham Lincoln

View waho6o9's profile

waho6o9

5202 posts in 1302 days


#5 posted 10-16-2013 01:21 PM

Smells kind of phishy.

You’re about as forthcoming as a pound of elephant snot.

“If you would like to see the results of this survey please enter your email address. After about a month or two of collecting results I will create a report of the tallies and some interesting responses and send them to you. I will only use the address you submit for that purpose and only one time. You can expect to see the report in about 30-60 days from the start of the survey depending on how many people respond. Survey launch is 10-10-13.”

I think they want your email address, Oops.

View Don W's profile

Don W

15434 posts in 1292 days


#6 posted 10-16-2013 01:31 PM

your probably right, but unfortunately we live in a world where you stop to help a little old lady with a flat tire, and the next thing you know your in a ditch with a cracked skull and your wallet and car missing. Now there is a chance this thing is legit, if it is you’ll find you’ll do a whole lot better NOT coming across as a scammer. I’m not suggesting you are, I’m just suggesting it leads one to believe there is that possibility.

For the folks who did answer it. Well…..........that’s why scammers continue on.

-- Master hand plane hoarder. - http://timetestedtools.com

View Brad_Nailor's profile

Brad_Nailor

2531 posts in 2682 days


#7 posted 10-16-2013 01:41 PM

“Pay no attention to that man behind the curtain..harvesting your email addresses…to sell to spammers..”

-- http://www.facebook.com/pages/DSO-Designs/297237806954248

View bennu500's profile

bennu500

7 posts in 414 days


#8 posted 10-16-2013 02:45 PM

I’m sorry you all have been scammed in the past and feel you have to project those experiences on everyone. Did you notice I made the fields for email optional? Had I not put the option for people to be able to see the results I would have been slammed for that.

How is this a ponzi scheme? Is the Apple App Store a Ponzi scheme? I’m not asking for any investments here. This is a hypothetical scenario to see if there is any interest for people to have a place to sell their products they make from home or at their shop.

I said I could not give out much detail because I do not have a patent. Why bother gathering information to see if something is worth pursuing if I’m just going to give the idea away to everyone where someone with the means to create it could just take the idea and run with it?

As for having to wait a couple months that is so some information can actually be gathered first. Or would people prefer they get a report if results before the survey is actually taken? I don’t want to spam anyone with daily results so figured one email of results giving people 60 days or so to come across the survey and give some input is not unreasonable.

To anyone who feels I am out to scam people or harvest email addresses…would I spend all the time trying to respectfully respond to all the negative criticism? There are much easier ways to get email addresses. And are woodworkers email addresses more valuable than people with other interests?

How about this, if you are truly skeptical about me or the survey but the idea intrigues you send me a PM and I will send you MY phone number so you can call me (block your number if you want) and we can chat generally about what I am trying to do and why I am asking the questions I am. I won’t discuss actual product detail at this point though.

For the record, I do appreciate all these posts. I get how it looks. People who are familiar with crowd funding will probably understand why I am asking the questions I am. You don’t just put a project on kickstarter.com and it is instantly viewed by millions of people. You have to bring your own traffic to the site. That is why only a small percentage of projects successfully achieve their goal. So before I go through all the trouble I figured I would see if I can gauge what level of interest something like this would have. And it’s challenging to be able to give enough detail to explain the concept without giving away the farm so to speak.

Even though I am only getting negative replies currently they are better than no replies. It keeps me from having to shamelessly bump the thread. I don’t want to do that. I administrate a popular jetski forum and am well aware of how the newbies are scrutinized.

View Jorge G.'s profile

Jorge G.

1526 posts in 1200 days


#9 posted 10-16-2013 02:57 PM

Why don’t you start by telling us what is “crowd funding”? You have mentioned “anybody who knows about crowd funding”, yet here you are asking us to take your survey for something many of us have not heard about.

No one here wants to steal your invention, but we don’t want to be scammed either.-

-- To surrender a dream leaves life as it is — and not as it could be.

View bennu500's profile

bennu500

7 posts in 414 days


#10 posted 10-16-2013 06:23 PM

Thanks, that’s good advice. I had thought about doing that but figured it would make for too much introduction before getting to the request. But I am seeing that it probably would have been a better route to go.

So here is my official restart.

Here is a summary of crowd funding. For people looking to start a company or develop a product but is not able to find funding the traditional way they can try crowd funding. Basically you create a project page on a website like kickstarter.com or indiegogo.com. You outline what you are trying to do and how much you need to complete the project. People then decide if they want to pitch in and help you get started.

But it’s not as simple as you give them free money so they can become rich off their business. The project owner has to provide benefits for each pledge level. Say for $1 I will email you and personally thank you. For $5 they will send you a cool sticker of the company logo. For $50 they will send you one of the worlds best whatever they are making. And for $2000 they will send you 30 of the item and get first shipping so you have a chance to resell the items to the general public. And so on and so forth.

So you get something of value for the amount you decide to contribute. More often than not it ends up being more like pre sale orders. The company just needs a way to have the money up front to design, build and ship the items in bulk so it is actually cost effective enough to be profitable to begin with.

So what I am doing with my post is to see if there is enough interest for me to warrant spending money on a patent and trademark and the time into setting up a campaign. They are a lot of work. You have to get people to visit your page. The people don’t just find it.

What is different about the product I would like to sell and where woodworkers come in is that my product is more versatile with accessories and add-ons. So part of the business I would start is a website where customers who bought my product could buy products from you all that are designed to be compatible with my product. So yes, I want to make money with a business I would try to start…but I need you all to make money selling products designed to make my product more useful. My success would mean the success for many other people.

This really is an honest request for very basic info. If people are not interested and I get little response to the survey then I will know not to bother spending the time and money on this project and I will move on to other inventions I have built prototypes for. But this really could be a boon for anyone. Just like when a new oil field is discovered. It’s easy to think only the oil company will benefit. But the reality is that it means good paying jobs. And that trickles down to other businesses like restaurants and service businesses and such.

My thoughts are the way I would try to set up the community would be so that the woodworkers can concentrate on doing what they like and not on advertising or sales. You would just list what you have for sale and once a transaction is completed you are sent payment and an order to ship out. These details are all very high level of course. There are lots of things that need to be dealt with to ensure the process works correctly. Hence the need to raise startup Capitol to start with to get it going. But basically if I ever got to the crowd funding stage any contributions would be offset with an equal value of products or services. But at this point it’s hypothetical, not looking for any money…..well, just your two cents by taking the survey. No need to give any info to identify yourself. The survey is hosted on a server I manage so no third parties have access to any data provided. I only ask for an email as a courtesy to people in the event they would like to see the final results if they are curious. Or if in 2 months there is clear evidence this project would be successful and you want notification of when I have released all the details of the product and where to find the crowd funding campaign. Those are the only things I would use the email addresses for. I hate spam just as much as everyone else. Personally I think the worst type of spam are all the “forward to all your friends” chain emails. Lol

This is the only woodworking forum that I have really posted I so far. I think maybe one other but have not checked for replies. I am learning a lot about how to best explain this request through you all.

Hope this clears up some questions on my intentions. I am looking for your input because this would require people like you to be successful.

View 404 - Not Found's profile

404 - Not Found

2544 posts in 1694 days


#11 posted 10-16-2013 06:29 PM

I can understand you not wanting to post too much information on your project, but could you at least tell us what this thing will do or how it will be of use.

View bennu500's profile

bennu500

7 posts in 414 days


#12 posted 10-16-2013 08:16 PM

The trouble is that it is so simple I am not sure why there is not anything like it already. The only way to sum it up would clearly outline it’s purpose, and marketability and it would quickly spawn designs from other people.

It is so universal that to try and say what it does would be long, difficult and confusing without proper explanation of how it can do it. I am not trying to be difficult. And one lesson I learned the hard way is with a part I invented for motorcycles. I tried to market it without protecting it first. I have legal proof I researched the idea well before anyone else. But now several companies who could afford to create and market the product faster than me are making lots of money off of it. Hope you all can understand and appreciate that.

What I can say is that I bet anyone that has done any kind of woodworking products for themselves or for sale probably has it does make items that could work with this product or at very least compliment it in some fashion with a little adjustments. It’s a pretty tall claim. But if I ever do get a patent and lay out the details it would make sense.

I think people will become frustrated concentrating on whether this will specifically apply to or benefit them. My survey is less about my specific product and more about what number of people would get behind a project should that project be something they can identify with or feel would be something that would benefit them. Imagine if you will the product was perfectly aligned with the types of products you already make. Is it now worth answering some questions to get an idea if a solution to benefit lots if people would be worth the time to pursue? The simple math is that if people don’t feel it worth the time to answer 11 questions, it will never be worth spending money on a patent, spending time rallying people to support a crowd funding campaign, and then build a product and community sales website to sell all the products from everyone. And if that ends up being the case that is an ok answer. It will just be good to know that now instead of later having spent time and money first to find out it’s going to fail.

Think of this as my market research. And you all have a chance to impact whether it’s positive or negative. I hope I have clearly shown I am truly interested in your responses to the survey. If I were just in it to collect email addresses there are WAY more efficient ways to do that. Lol.

Thanks for the continued replies to this thread.

View Howie's profile

Howie

2656 posts in 1648 days


#13 posted 10-16-2013 10:15 PM

Have you tried “Shark Tank”?
For $50 they will send you one of the worlds best whatever they are making. And for $2000 they will send you 30 of the item and get first shipping so you have a chance to resell the items to the general public. And so on and so forth.”
1×50 = 50
30×50 =1,500
I realize you were just trying to make a point but I think you started in the wrong place considering you have only been on this forum for 6 days. Skeptical? Yeah the guys that have been on here for a while have seen a lot of “things” come and go.

-- Life is good.

View Jorge G.'s profile

Jorge G.

1526 posts in 1200 days


#14 posted 10-16-2013 10:23 PM

Thanks for the explanation, there is a member here who started marketing his centipede support for plywood sheets and the like, he did very well, but he had pics of the prototype. I understand your reluctance to post your invention, but does sound like you are legit, so I will take the survey. Wish you luck.

-- To surrender a dream leaves life as it is — and not as it could be.

View oldnovice's profile

oldnovice

3848 posts in 2092 days


#15 posted 10-17-2013 03:07 AM

bennu500 if this is truly simple you need to do a patent search, or better yet, get a patent attorney to check for existing patents and the of state of the art that may apply. I have seven patents and I probably applied for three or four times that many but those infringed on other patents or patent applications or even copyrights.

Getting funding would be a waste of time/money; you need to protect your idea/invention otherwise any unprotected (unpatented or no patent applied for) product disclosure could be copied by any other company faster than you can log on to a website!

-- "I never met a board I didn't like!"

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