Designing and developing products is one of the most old fashioned and straightforward business models out there.
It is also one of the most interesting and fun ways to create something new and of value that you can feel proud to sell and that you can make money from.
This is inventing and creating in its rawest form and then profiting from that ingenuity.
The question is though, how to get started and which industry to enter? While there are many options available to you, one of the best ways to start making money from a product is to start designing consumer sports goods.
These are perfect for many businesses as it is an easy industry to break into that everyone understands.
You don't need to be an expert in cricket for instance in order to make shin pads or wicks and this is something that you know will sell.
Sports are highly popular and that is another reason it's such a good idea to get into that industry.
Almost everyone appreciates a sport of some form and that means it should be relatively easy to find interested buyers for your products.
At the same time because the industry has such a good pre-existing infrastructure, it is also very easy for you to start promoting and marketing products.
There are sports stores in every country that you can get your products in, there are publications that cater to sports in general and that cater to your specific sport and you can even market your products through the sports themselves by sponsoring teams or grounds.
All this gives you a lot of great ways to get your product out there and this is really the secret to success - if you're in a popular industry and you can communicate your idea to a lot of people then you will be able to turn over a big profit with relative ease.
First of all then you need to decide what sport you want to create things for and whether you want to target a niche or something broader.
You may already have your idea and this might be what inspires you to get started.
If you are going to be a big success then the main object of your item should be to improve performance and help the athletes to get more out of their bodies and perform better than they could otherwise.
Things like light but highly sturdy bats and rackets are highly popular for instance, as are things like very light shoes with a high amount of grip, or tight fitting clothes that are breathable for running.
In the weight lifting industry there is a lot of room for experimentation and design and there are many exciting and unusual pieces of exercise equipment on the market enjoying great success.
Once you have your idea and you want to start production you then need to finalize the designs and get them professionally designed for mass production.
This means considering every element of the design from the materials to the angles needs to be considered and it needs to be designed to be as efficient as possible and in a format that it can be mass produced in a factory.