Spending, worldwide, on IoT products is projected to reach $1.1 trillion by 2023.
This follows an absolutely explosive year over year increase in the field (over $40 billion per year) since 2018, with an expected $1 trillion in global IoT … read more
Discover the cost to develop your product, the cost to scale up manufacturing for mass production, and finally the actual cost per unit to manufacture it. ... read more
All of the hardware startups that we feature below far outpaced their own crowdfunding campaign goals, in some cases by millions of dollars!
Success was achieved through various means that you should consider for your own startup.
One startup, in … read more
In this article you will discover the pros and cons of bootstrapping your startup by looking at examples of other successful hardware startups. ... read more
Learn how to use sea freight to ship your products affordably from China to the United States and how to avoid the most common mistakes. ... read more
From hearing aids to micro 3D printers to home-based cloud storage, you are going to discover 10 hardware products that had massively successful crowdfunding campaigns. ... read more
Selling your own original product on Amazon is one way to generate early sales with greater profit margins than via brick and mortar retail outlets. Learn how you can easily become a successful Amazon seller. ... read more
What hardware entrepreneur doesn’t want to build the next Apple, Ring, GoPro, Peloton, or Tesla? Those companies are the rare “unicorns” of hardware, but there are countless other hardware companies that are generating millions in annual revenue. ... read more
If at all possible, you need to find a way to incorporate at least some recurring revenue into your hardware business model.
Recurring revenue adds stability to your startup, improves your cash flow, fosters long-term customer relationships, makes your company … read more
Learn from an expert in product market validation why it is so important to validate your product idea before developing the actual product. You will also learn how to harness Facebook advertising to prove the appeal of your product, and to identify who exactly is willing to buy it. ... read more
In this article we discuss profit margins and retail pricing, how they are different based on where you sell your product, and why retail price consistency is important. ... read more
Learn about the pros and cons of the top accelerator/ incubator programs that are designed to mentor startups and provide access to funding sources. ... read more
This case study follows the wildly successful Kickstarter and Indiegogo campaigns for the hardware startup UVMask. Learn how they leveraged timing, smart advertising, and even a graphic design blunder, to raise over $5 million in funding. ... read more
In this interview I speak with Mike Morena who is a mechanical engineer that co-founded a successful pharmaceutical device company. ... read more
Startup incubators and accelerators are two types of programs that support new companies in their early stages of development through mentoring, networking, resources, and funding. We’ll explore the differences between the two and their pros and cons. ... read more
In this article you will learn about the tradeoffs between funding your own product development (Western model) and partnering early with a Chinese manufacturer to develop your product (Eastern model). ... read more
In this article I discuss how to successfully use outsourcing to fill in gaps in your expertise while maintaining effective oversight. ... read more
Miguel Hernandez is the co-founder of Palocam, which manufactures a pole-climbing camera for recording sporting events from above. The following is a conversation between John Teel and Miguel where they discuss everything from product development to crowdfunding. ... read more
One of the best ways for hardware founders to overcome many of the problems they face is to get experienced advisors as soon as possible. ... read more
Learn how to avoid some of the worst customer mistakes made by inexperienced hardware startup founders and entrepreneurs. ... read more
In this guide we take a close look at exactly what is required in a provisional patent application. Even though it is simpler than a full patent, a PPA still requires a number of steps and documentation. ... read more
We are going to compare three different manufacturing strategies: offshore, domestic, and hybrid manufacturing. ... read more
Many entrepreneurs ignore marketing their hardware product until after development is finished. In this article you will learn why this is a mistake, and instead how to market your product concurrently while you develop it. ... read more
Finding investors and/or co-founders for your startup is never easy, but in this article you will discover what it takes to get them interested in your project. ... read more
We often think failure is the end point. However, product development failure is actually essential to create better products and stimulate stronger innovation. ... read more
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