Hardware Billionaires Ebook
Unlocking the Secrets of Creating World-Class Hardware on a Shoestring Budget: 'Hardware Billionaires'
Are you an aspiring hardware creator looking to bring your vision to life on a limited budget?
Dive into the captivating story of 'Hardware Billionaires,' a groundbreaking book that unveils the remarkable journey of creating the world-class video camera, IDOLCAM, on a shoestring budget. Written by Jason Lam founder of IDOLCAM, this book is an invaluable resource for those seeking to embark on their hardware innovation adventure.
Dive into the captivating story of 'Hardware Billionaires,' a groundbreaking book that unveils the remarkable journey of creating the world-class video camera, IDOLCAM, on a shoestring budget. Written by Jason Lam founder of IDOLCAM, this book is an invaluable resource for those seeking to embark on their hardware innovation adventure.
🔥Warning: Do Not Start Your Hardware Startup Before Reading,
‘Hardware Billionaires’📚
What You Don’t Know About Building A Hardware Startup Could
-Waste You Millions In Product Development
-Delay Years To Market
-Risk Ending Up In Heavy Debt.
-25 Secrets You Won’t find Out Until You Crash And Burn Your Hardware Startup (Number 5 Will Saved us $4 Millions In Development Cost)
‘Hardware Billionaires’📚
What You Don’t Know About Building A Hardware Startup Could
-Waste You Millions In Product Development
-Delay Years To Market
-Risk Ending Up In Heavy Debt.
-25 Secrets You Won’t find Out Until You Crash And Burn Your Hardware Startup (Number 5 Will Saved us $4 Millions In Development Cost)
Watch Video Below ⬇️
Are you trying to figure out how to:
-Create a production-ready prototype to pitch investors?
-Develop electronic circuits for your product?
-Assemble an industrial design team for stunning 3D product designs?
-Work on mechanical designs for your product?
-Get help with mold making?
-Navigate crowdfunding?
-Manage pre-orders?
-Handle branding and marketing?
This book will show you how to do all of the above on a shoestring budget.
-Create a production-ready prototype to pitch investors?
-Develop electronic circuits for your product?
-Assemble an industrial design team for stunning 3D product designs?
-Work on mechanical designs for your product?
-Get help with mold making?
-Navigate crowdfunding?
-Manage pre-orders?
-Handle branding and marketing?
This book will show you how to do all of the above on a shoestring budget.
Glad I read this book by Jason. Been a fan of his work for many years. The information that is shared is next level. |
A lot of valuable information that I didn't find in other hardware books is shared here. This will save me a lot of hardship now that I understand how to properly approach my hardware project. John W. |
If you are a hardware creator or founder, I highly recommend that you give it a read. I realize I have wasted the last couple of years trying to figure out the production of my product. I just wish I had this information a couple of years ago. Aaron S. |
97% Consumer Electronic Startups Fail in the US,
according to Forbes
This is a familiar journey for most hardware creators and founders. It starts with a hobby in the hardware space, whether it's drones, robotics, 3D printing, RC planes and cars, e-bikes, or any other niche. Inevitably, you begin to notice the inefficiencies and limitations within your chosen hardware hobby that pique your interest.
Then, the spark of an idea ignites within your mind.
Perhaps you contemplate whether you can build a superior version of an existing hardware device, one that could potentially blossom into a successful business venture.
You might have some knowledge about certain aspects like 3D printing or CNC machining. Still, when it comes to complex areas like electronic circuit designs, 3D industrial designs, mechanical designs, software development, firmware development, UI designs, mold designs, CNC production, and assembly, you may find yourself in unfamiliar territory.
The concept of "Design for Manufacturing" might seem entirely foreign.
Despite the daunting challenges, you're determined to push ahead and create a prototype worthy of presenting to investors or for crowdfunding. But here's the revelation: the effort you've invested in your prototype is only the tip of the iceberg. The processes you've employed to create your prototype are fundamentally different from those required to develop, test, and mass-produce a market-ready electronic product.
In the process, you might have significantly underestimated the time, budget, and array of talents needed for creating your electronic product. Your attempts to pitch your vision to Silicon Valley investors and accelerators might be met with resistance. They typically lean toward software investments and might even discourage hardware endeavors, labeling them as too challenging with low success rates.
Now, you find yourself in the infamous "Valley of Death." You possess a brilliant idea and a functional product prototype, yet you have little insight into how to transform this concept into a seamlessly functioning electronic product capable of efficient mass production.
It's understandable if you're contemplating raising the white flag, as the path ahead appears incredibly challenging.
However, there's a beacon of hope.
Enter Jason, the author of "Hardware Billionaires." He has not only navigated this intricate journey himself but has also witnessed the trials and tribulations faced by countless fellow hardware enthusiasts.
Before you concede to the challenges, consider this alternative path. "Hardware Billionaires" is the roadmap you've been seeking—a comprehensive guide that equips you with the knowledge and insights necessary to turn your hardware dreams into a tangible reality. Don't let the hurdles deter you; instead, embrace the wisdom contained within this book.
It's your key to unlocking your inner potential and achieving success in the world of hardware innovation and entrepreneurship. Save yourself time, money, and frustration by picking up a copy of "Hardware Billionaires" today.
Your product idea awaits its transformation.
according to Forbes
This is a familiar journey for most hardware creators and founders. It starts with a hobby in the hardware space, whether it's drones, robotics, 3D printing, RC planes and cars, e-bikes, or any other niche. Inevitably, you begin to notice the inefficiencies and limitations within your chosen hardware hobby that pique your interest.
Then, the spark of an idea ignites within your mind.
Perhaps you contemplate whether you can build a superior version of an existing hardware device, one that could potentially blossom into a successful business venture.
You might have some knowledge about certain aspects like 3D printing or CNC machining. Still, when it comes to complex areas like electronic circuit designs, 3D industrial designs, mechanical designs, software development, firmware development, UI designs, mold designs, CNC production, and assembly, you may find yourself in unfamiliar territory.
The concept of "Design for Manufacturing" might seem entirely foreign.
Despite the daunting challenges, you're determined to push ahead and create a prototype worthy of presenting to investors or for crowdfunding. But here's the revelation: the effort you've invested in your prototype is only the tip of the iceberg. The processes you've employed to create your prototype are fundamentally different from those required to develop, test, and mass-produce a market-ready electronic product.
In the process, you might have significantly underestimated the time, budget, and array of talents needed for creating your electronic product. Your attempts to pitch your vision to Silicon Valley investors and accelerators might be met with resistance. They typically lean toward software investments and might even discourage hardware endeavors, labeling them as too challenging with low success rates.
Now, you find yourself in the infamous "Valley of Death." You possess a brilliant idea and a functional product prototype, yet you have little insight into how to transform this concept into a seamlessly functioning electronic product capable of efficient mass production.
It's understandable if you're contemplating raising the white flag, as the path ahead appears incredibly challenging.
However, there's a beacon of hope.
Enter Jason, the author of "Hardware Billionaires." He has not only navigated this intricate journey himself but has also witnessed the trials and tribulations faced by countless fellow hardware enthusiasts.
Before you concede to the challenges, consider this alternative path. "Hardware Billionaires" is the roadmap you've been seeking—a comprehensive guide that equips you with the knowledge and insights necessary to turn your hardware dreams into a tangible reality. Don't let the hurdles deter you; instead, embrace the wisdom contained within this book.
It's your key to unlocking your inner potential and achieving success in the world of hardware innovation and entrepreneurship. Save yourself time, money, and frustration by picking up a copy of "Hardware Billionaires" today.
Your product idea awaits its transformation.
If you have an idea and are thinking of how you can easily turn your idea into a world class mass production product, this is the perfect book for you!
-Step into the first-person perspective of transforming a mere few hundred dollars into a world-class video camera, unveiling the journey and secrets from concept to reality.
-Save you years of blindly trying to figuring out your product development.
-Save you millions in product development (saved us $4 million in development cost).
-Helps you avoid traps and speed up your product to the market.
-Guides you to effective marketing, branding and funding.
**188 pages of product creation insight!**
-Step into the first-person perspective of transforming a mere few hundred dollars into a world-class video camera, unveiling the journey and secrets from concept to reality.
-Save you years of blindly trying to figuring out your product development.
-Save you millions in product development (saved us $4 million in development cost).
-Helps you avoid traps and speed up your product to the market.
-Guides you to effective marketing, branding and funding.
**188 pages of product creation insight!**
Hardware Billionaires Ebook
You are 1 Product Away from Billions!
Are you tired of the traditional grind of trading your precious time for meager paychecks?
And are you currently working at a job so boring that is literally sucking the soul and the life out of you?
Have you invested over 12 years of your life in schools and a good part of your family saving putting you through university, only to find yourself trapped in a cycle of diminishing returns.
The truth is, in today's world, your skills and knowledge can become obsolete faster than you think, leaving you vulnerable to replacement by the next eager graduate willing to work for less.
Welcome to the age of AI, where industry expertise that once took decades to acquire can now be accessed with a few simple prompts. The job market is becoming a battleground where human talent is continually devalued in comparison to AI.
But here's the secret to breaking free from this cycle, find your purpose in life and unlocking the door to unprecedented wealth: Become a product owner!
You might think this sounds out of reach, but if you had the resources and determination to complete 4 years of university, you already possess the essentials to embark on this journey.
With a product, you have the power to replicate and sell your unique value to millions, rendering your earning potential limitless.
In contrast, selling your time is capped at just 8 hours a day, and soon, robots will be ready to work tirelessly 24/7.
Let's face the harsh reality: 90% of Americans have not achieved financial freedom, and a staggering 69% are living paycheck to paycheck.
The very education system we have trusted is failing us in the real world.
Enter "Hardware Billionaires," a revolutionary guide that empowers anyone with determination can become a product owner in an area they are passionate about.
Unlock a decade worth of hardware development expertise from the perspective of a true hardware entrepreneur.
"Hardware Billionaires" will lead you through the intricate product development journey, from conceiving an idea to securing funding. You'll discover how to swiftly and affordably create world-class electronic products, master the art of effective product marketing and branding, and equip yourself with the mental fortitude to tackle the inevitable challenges of building your empire.
Don't let financial constraints or a lack of knowledge hold you back any longer.
You are 1 Product Away from Billions!
Are you tired of the traditional grind of trading your precious time for meager paychecks?
And are you currently working at a job so boring that is literally sucking the soul and the life out of you?
Have you invested over 12 years of your life in schools and a good part of your family saving putting you through university, only to find yourself trapped in a cycle of diminishing returns.
The truth is, in today's world, your skills and knowledge can become obsolete faster than you think, leaving you vulnerable to replacement by the next eager graduate willing to work for less.
Welcome to the age of AI, where industry expertise that once took decades to acquire can now be accessed with a few simple prompts. The job market is becoming a battleground where human talent is continually devalued in comparison to AI.
But here's the secret to breaking free from this cycle, find your purpose in life and unlocking the door to unprecedented wealth: Become a product owner!
You might think this sounds out of reach, but if you had the resources and determination to complete 4 years of university, you already possess the essentials to embark on this journey.
With a product, you have the power to replicate and sell your unique value to millions, rendering your earning potential limitless.
In contrast, selling your time is capped at just 8 hours a day, and soon, robots will be ready to work tirelessly 24/7.
Let's face the harsh reality: 90% of Americans have not achieved financial freedom, and a staggering 69% are living paycheck to paycheck.
The very education system we have trusted is failing us in the real world.
Enter "Hardware Billionaires," a revolutionary guide that empowers anyone with determination can become a product owner in an area they are passionate about.
Unlock a decade worth of hardware development expertise from the perspective of a true hardware entrepreneur.
"Hardware Billionaires" will lead you through the intricate product development journey, from conceiving an idea to securing funding. You'll discover how to swiftly and affordably create world-class electronic products, master the art of effective product marketing and branding, and equip yourself with the mental fortitude to tackle the inevitable challenges of building your empire.
Don't let financial constraints or a lack of knowledge hold you back any longer.
Hardware Billionaires Ebook
Dive into the world of innovation and creation with 'Hardware Billionaires.'
This indispensable guide is a compass for daring hardware creators, visionary entrepreneurs, and anyone with a product dream waiting to break free from their imagination.
With a wealth of 25 insider tips and a treasure trove of real-life experiences, this book is your roadmap to transforming your ideas into awe-inspiring products that captivate the market.
Author Jason Lam, a native of Silicon Valley's beating heart in San Francisco, has lived the trials and triumphs of a drone designer in a realm where hardware startups faced skepticism from even the most steadfast investors. Witnessing the rise and fall of hardware ventures that secured millions in capital, only to falter within two years, Lam emerged from this crucible with invaluable insights. Years of perseverance, marked by both failures and victories, led him to the creation of IDOLCAM, a journey he now chronicles to illuminate the path for others in the struggles of electronic product development.
In 'Hardware Billionaires,' Lam's narrative encapsulates the entirety of his undertaking, from humble beginnings with a mere few hundred dollars, through the countless obstacles, to the triumphant unveiling of IDOLCAM, a cutting-edge, intricately designed video camera. Drawn from firsthand encounters, his revelations are like a mentor's guidance, capable of saving millions in product development costs and expediting your journey to market entry. Beyond the mechanics of creation, the book delves into marketing, branding, crowdfunding, and even explores the often-overlooked realms of mindset, spirituality, and eCommerce intricacies.
Unlock consultant-level insights encapsulated within these pages. 'Hardware Billionaires' isn't just a guide-it's an odyssey through the highs and lows of turning concepts into product empires. Let this book be your cornerstone to chart your course, steer past pitfalls, and emerge not just as a creator, but as a conqueror of the world of hardware innovation. Your journey from idea to empire starts here.
Turn Your Idea Into A Product Empire.
Dive into the world of innovation and creation with 'Hardware Billionaires.'
This indispensable guide is a compass for daring hardware creators, visionary entrepreneurs, and anyone with a product dream waiting to break free from their imagination.
With a wealth of 25 insider tips and a treasure trove of real-life experiences, this book is your roadmap to transforming your ideas into awe-inspiring products that captivate the market.
Author Jason Lam, a native of Silicon Valley's beating heart in San Francisco, has lived the trials and triumphs of a drone designer in a realm where hardware startups faced skepticism from even the most steadfast investors. Witnessing the rise and fall of hardware ventures that secured millions in capital, only to falter within two years, Lam emerged from this crucible with invaluable insights. Years of perseverance, marked by both failures and victories, led him to the creation of IDOLCAM, a journey he now chronicles to illuminate the path for others in the struggles of electronic product development.
In 'Hardware Billionaires,' Lam's narrative encapsulates the entirety of his undertaking, from humble beginnings with a mere few hundred dollars, through the countless obstacles, to the triumphant unveiling of IDOLCAM, a cutting-edge, intricately designed video camera. Drawn from firsthand encounters, his revelations are like a mentor's guidance, capable of saving millions in product development costs and expediting your journey to market entry. Beyond the mechanics of creation, the book delves into marketing, branding, crowdfunding, and even explores the often-overlooked realms of mindset, spirituality, and eCommerce intricacies.
Unlock consultant-level insights encapsulated within these pages. 'Hardware Billionaires' isn't just a guide-it's an odyssey through the highs and lows of turning concepts into product empires. Let this book be your cornerstone to chart your course, steer past pitfalls, and emerge not just as a creator, but as a conqueror of the world of hardware innovation. Your journey from idea to empire starts here.
Turn Your Idea Into A Product Empire.
Hardware Billionaires Ebook
About the Author
About the Author
|
Hailing from the vibrant epicenter of innovation, Silicon Valley, Jason Lam embodies the spirit of a modern Renaissance figure. With a multifaceted journey that seamlessly weaves through art, technology, and entrepreneurial prowess, Lam's life is a testament to his relentless pursuit of pushing boundaries.
Commencing his career as a visionary New York fashion photographer, Lam's creative lens captured the essence of iconic brands like Coca-Cola, America's Top Model, and the Grammy Awards, etching his name among the industry's luminaries. His innate ability to infuse life into every frame laid the foundation for his odyssey into uncharted territories.
Fueled by an unquenchable curiosity, Lam's fascination with fly RC helicopters unfurled a new chapter. As if guided by destiny, he embarked on a path of inventiveness that led to the birth of his groundbreaking concept, a flying camera. Even before the drone era dawned, Lam's audacious experimentation gave birth to a flying camera prototype, catapulting him into the league of visionaries who redefine the realm of possibilities.
As a true pioneer of innovative hardware, Lam's journey took yet another transformative turn. A journey that began with his love for capturing beauty blossomed into the creation of IDOLCAM, a revolutionary all-in-one video camera solution meticulously crafted for the dynamic needs of content creators. Seamlessly encapsulating cutting-edge technology and user-centric design, IDOLCAM transcends the conventional, empowering creators to paint their narratives with unprecedented versatility and brilliance.
Lam's legacy radiates not merely from his innovations, but from his relentless spirit and tenacity. He is the embodiment of a trailblazer who defies conventions, seamlessly navigating between diverse disciplines, and creating an indelible impact at every juncture. Beyond the accolades and accomplishments, his journey exemplifies the power of unbridled passion in sculpting the trajectory of one's life.
In a world that yearns for fresh perspectives and groundbreaking ideas, Jason Lam stands as a beacon, a true luminary who sparks inspiration and drives transformation. His life story serves as a reminder that the human spirit knows no bounds when fueled by the fusion of creativity, technology, and unwavering determination.
Commencing his career as a visionary New York fashion photographer, Lam's creative lens captured the essence of iconic brands like Coca-Cola, America's Top Model, and the Grammy Awards, etching his name among the industry's luminaries. His innate ability to infuse life into every frame laid the foundation for his odyssey into uncharted territories.
Fueled by an unquenchable curiosity, Lam's fascination with fly RC helicopters unfurled a new chapter. As if guided by destiny, he embarked on a path of inventiveness that led to the birth of his groundbreaking concept, a flying camera. Even before the drone era dawned, Lam's audacious experimentation gave birth to a flying camera prototype, catapulting him into the league of visionaries who redefine the realm of possibilities.
As a true pioneer of innovative hardware, Lam's journey took yet another transformative turn. A journey that began with his love for capturing beauty blossomed into the creation of IDOLCAM, a revolutionary all-in-one video camera solution meticulously crafted for the dynamic needs of content creators. Seamlessly encapsulating cutting-edge technology and user-centric design, IDOLCAM transcends the conventional, empowering creators to paint their narratives with unprecedented versatility and brilliance.
Lam's legacy radiates not merely from his innovations, but from his relentless spirit and tenacity. He is the embodiment of a trailblazer who defies conventions, seamlessly navigating between diverse disciplines, and creating an indelible impact at every juncture. Beyond the accolades and accomplishments, his journey exemplifies the power of unbridled passion in sculpting the trajectory of one's life.
In a world that yearns for fresh perspectives and groundbreaking ideas, Jason Lam stands as a beacon, a true luminary who sparks inspiration and drives transformation. His life story serves as a reminder that the human spirit knows no bounds when fueled by the fusion of creativity, technology, and unwavering determination.
Excerpt from "Hardware Billionaires"
Intro
Are you ready?
Wait, stop, you should really stop reading this book and slowly close the cover. You still have time to save yourself from years of pain and misery. Better to walk away now and live a normal life like everyone else because this journey you are about to embark on would require strong will and determination.
The path of hardware entrepreneurship is not for the faint-hearted, it will be one of the hardest things you will ever embark on and I am not trying to be funny. If you don’t have the mental toughness to climb Mount Everest, the endurance of a tri-athlete, the patience of a monk, the mental calmness of a surgeon when facing tons of problems all at once, business aptitude of a MBA, knowledge of human behavior like a psychologist, having the courage of a warrior when faced with fear, be as tactical as a military strategist and have an in-depth understanding of marketing and branding like a seasoned marketer and the willingness to constantly learn new skills to improve your odds. I really suggest you put this book down and never turn the page.
Good Bye and have a normal life!
For the brave ones, I applaud you for turning the page! You are the chosen ones, you have the power to change the world, turn lives around and most importantly live a fulfilling life on your own terms, be the true creator that you are meant to be and with no regret at your deathbed.
You are a very different breed of humans, residuals, hardy, persistent, tough, brave, forward thinking, ground breaking, caring and giving. It's people like you who push the world forward. You are the very reason why we have cars, airplanes, rockets, and computers. You are the world’s future possibility and now, let's get to work!
You probably already have a clear idea for a product that has been stuck in your head for years that will improve the world for the better. You are thinking this is an opportunity for you to make a mark in the world and become very wealthy while at it.
Sorry to spoil your party, life of a hardware entrepreneur at every stage is extremely tough, and rarely glamorous. Only a very small percentage of entrepreneurs are ever able to make it out alive after their first product. It's extremely rare to strike it rich on your first tries. You will be facing problems like never before and you will likely be broke like never before as well. You have to learn to swim in a swarm of problems like design issues, production issues, marketing issues, funding issues, mold issues, certification issues, product finishing issues, logistics issues, customer satisfaction issues, return issues, stock issues and the list just goes on and on. So, ask yourself, do you really want to put yourself in this misery for a shot at changing the world and a slim chance for wealth and fame? It’s still not too late to put the book down and just walk away.
Despite the fact that creating hardware products are extremely tough, when done right they can help a lot of people better their life and can be the perfect vehicle for building strong brands and a profitable company. Look around, the most valuable company at the moment is Apple; selling smartphones, computers and smart watches. The richest man currently is Elon Musk; selling electric cars as I am writing in 2023. Software products are faster to create and distribute, but hardware product typically builds more valuable companies and products over time. They are also a lot harder to copy by the competitions since most entrepreneurs shy away from electronic hardware.
If you still want to go ahead, ask yourself if you are willing to commit the next 10-20 years of your life to learn the skills, and know how to be a world class hardware entrepreneur until you succeed. Of course, few may find success in their first attempts, but on average, if you don’t give yourself 10 - 20 years and are willing to dedicate the rest of your life learning and working in hardware. Your odds of success are stacked against you.
If you still want to continue reading, put up your right hand and promise yourself! From this day on, hardware products are ingrained into your life, you will never stop creating and learning for the rest of your life. Nothing in this world will derail you from pursuing a successful career in hardware products. You understand this will be a one way battle, it will be a lonely one, it will be painful, everyone in your family will think you are crazy and urge you to give up and get a job, but you will never look back no matter the hardship going forward will be!
If you don’t have the determination mentioned above, it’s better that you put the book down and stop reading as this will save you years of fruitless attempts. It is better to give up now and probably get a well-paying job instead of trying for a few years and giving up at a later stage.
This is my last warning and you will be taking full responsibility for all the misery you will be facing going forward.
If you are still reading this! Congratulations, you have made up your mind and there’s no turning back from here on.
So let’s define hardware since it has a wide variety of meanings. The word, hardware, in this book mostly refers to physical products with electronic components with the goal for mass production, which requires molds making, Industry designs, mechanical designs, needing circuitry and software to complete the product such as a smartphone, drones, laptops, robots, smart/AI appliance, cameras, smart watches, smart home electronics, etc.
Since the cost of developing electronic hardware that requires mold making, industrial design, mechanical designs, electronic circuitry and software development is typically too expensive to be developed by an individual or even small teams due to their heavy requirements, only large companies or very wealthy individuals with massive funding have been able to successfully bring electronic hardware into the market. This means that most people have a very slim chance of becoming successful at hardware electronics.
However, there is one place in this world that may give you just the leverage you need to create world class electronic hardware just like large electronic companies and probably faster development time and more cost efficiency. This mystical place is likely halfway around the globe from where you are now.
Intro
Are you ready?
Wait, stop, you should really stop reading this book and slowly close the cover. You still have time to save yourself from years of pain and misery. Better to walk away now and live a normal life like everyone else because this journey you are about to embark on would require strong will and determination.
The path of hardware entrepreneurship is not for the faint-hearted, it will be one of the hardest things you will ever embark on and I am not trying to be funny. If you don’t have the mental toughness to climb Mount Everest, the endurance of a tri-athlete, the patience of a monk, the mental calmness of a surgeon when facing tons of problems all at once, business aptitude of a MBA, knowledge of human behavior like a psychologist, having the courage of a warrior when faced with fear, be as tactical as a military strategist and have an in-depth understanding of marketing and branding like a seasoned marketer and the willingness to constantly learn new skills to improve your odds. I really suggest you put this book down and never turn the page.
Good Bye and have a normal life!
For the brave ones, I applaud you for turning the page! You are the chosen ones, you have the power to change the world, turn lives around and most importantly live a fulfilling life on your own terms, be the true creator that you are meant to be and with no regret at your deathbed.
You are a very different breed of humans, residuals, hardy, persistent, tough, brave, forward thinking, ground breaking, caring and giving. It's people like you who push the world forward. You are the very reason why we have cars, airplanes, rockets, and computers. You are the world’s future possibility and now, let's get to work!
You probably already have a clear idea for a product that has been stuck in your head for years that will improve the world for the better. You are thinking this is an opportunity for you to make a mark in the world and become very wealthy while at it.
Sorry to spoil your party, life of a hardware entrepreneur at every stage is extremely tough, and rarely glamorous. Only a very small percentage of entrepreneurs are ever able to make it out alive after their first product. It's extremely rare to strike it rich on your first tries. You will be facing problems like never before and you will likely be broke like never before as well. You have to learn to swim in a swarm of problems like design issues, production issues, marketing issues, funding issues, mold issues, certification issues, product finishing issues, logistics issues, customer satisfaction issues, return issues, stock issues and the list just goes on and on. So, ask yourself, do you really want to put yourself in this misery for a shot at changing the world and a slim chance for wealth and fame? It’s still not too late to put the book down and just walk away.
Despite the fact that creating hardware products are extremely tough, when done right they can help a lot of people better their life and can be the perfect vehicle for building strong brands and a profitable company. Look around, the most valuable company at the moment is Apple; selling smartphones, computers and smart watches. The richest man currently is Elon Musk; selling electric cars as I am writing in 2023. Software products are faster to create and distribute, but hardware product typically builds more valuable companies and products over time. They are also a lot harder to copy by the competitions since most entrepreneurs shy away from electronic hardware.
If you still want to go ahead, ask yourself if you are willing to commit the next 10-20 years of your life to learn the skills, and know how to be a world class hardware entrepreneur until you succeed. Of course, few may find success in their first attempts, but on average, if you don’t give yourself 10 - 20 years and are willing to dedicate the rest of your life learning and working in hardware. Your odds of success are stacked against you.
If you still want to continue reading, put up your right hand and promise yourself! From this day on, hardware products are ingrained into your life, you will never stop creating and learning for the rest of your life. Nothing in this world will derail you from pursuing a successful career in hardware products. You understand this will be a one way battle, it will be a lonely one, it will be painful, everyone in your family will think you are crazy and urge you to give up and get a job, but you will never look back no matter the hardship going forward will be!
If you don’t have the determination mentioned above, it’s better that you put the book down and stop reading as this will save you years of fruitless attempts. It is better to give up now and probably get a well-paying job instead of trying for a few years and giving up at a later stage.
This is my last warning and you will be taking full responsibility for all the misery you will be facing going forward.
If you are still reading this! Congratulations, you have made up your mind and there’s no turning back from here on.
So let’s define hardware since it has a wide variety of meanings. The word, hardware, in this book mostly refers to physical products with electronic components with the goal for mass production, which requires molds making, Industry designs, mechanical designs, needing circuitry and software to complete the product such as a smartphone, drones, laptops, robots, smart/AI appliance, cameras, smart watches, smart home electronics, etc.
Since the cost of developing electronic hardware that requires mold making, industrial design, mechanical designs, electronic circuitry and software development is typically too expensive to be developed by an individual or even small teams due to their heavy requirements, only large companies or very wealthy individuals with massive funding have been able to successfully bring electronic hardware into the market. This means that most people have a very slim chance of becoming successful at hardware electronics.
However, there is one place in this world that may give you just the leverage you need to create world class electronic hardware just like large electronic companies and probably faster development time and more cost efficiency. This mystical place is likely halfway around the globe from where you are now.
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