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Got It Made

Being able to quote the manufacturing costs of your idea to prospective buyers is a necessity. If they know how much something will cost to make, they can calculate price points. It also tells them you've figured out the best way to make your product. Again, this will help you walk away from the presentation looking like an expert in your field.

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This article was originally published in the July 1999 print edition of Entrepreneur with the headline: Now Showing.

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Tim Ferriss on Mastering Any Skill

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