Are your attempts at selling to retail stores going nowhere? Maybe your product needs a good fund-raiser.
Opinions expressed by Entrepreneur contributors are their own.
If you're hoping to introduce a low-cost product to themarketplace, you're in for quite a challenge. You may havealready discovered that regular sales channels are especially hardto break into-products that sell at very low prices just don'tgenerate enough profit to cover all the costs retailers face whenadding a single-line product to the mix. Although the experiencefrustrates many inventors, there is another option you may not haveconsidered: selling through fund-raising.
It's a channel that worked out quite well for Ken Joyner.Back in the early days of his business, Joyner was convinced he hada fabulous idea-he just needed a way to make it succeed.
Continue reading this article — and all of our other premium content with Entrepreneur+
For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:
- Digestible insight on how to be a better entrepreneur and leader
- Lessons for starting and growing a business from our expert network of CEOs and founders
- Meaningful content to help you make sharper decisions
- Business and life hacks to help you stay ahead of the curve