Profit From Current Fads

Test your idea against these five tips to see if your invention will really sell.
1 min read
Opinions expressed by Entrepreneur contributors are their own.

1. Translate the trend into something logical. If the product makes sense to you, it probably makes sense to someone else.

2. Do you see a demand for your concept? Would you buy it? Ask your friends and family for their input. Visit trade shows and ask collectors what's missing from the market

3. Research any and all legal aspects of the item to ensure there are no hidden liabilities. The manufacturer may prevent you from using any part of its product's name to market your idea.

4. Research the resources you're going to need: production, advertising, packaging, labels, postage and, most important, your time.

5. Get in early. When you see a fad getting hot, jump in at the very beginning. While you're wavering back and forth about an idea, someone else may jump in.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur