adamjohns1990
New member
Hello!
I'm a massive fan of Teensy and use them in almost all my projects. Some friends and I are pursuing the idea of starting an electronics based start-up company. We were wondering if anyone give us some quick guidance or help with market research. We've tried contacting a lot of retailers but without a completed project it seems their policy is not to discuss this kind of thing unfortunately!
One of the first projects we were considering finishing was a unique type of lighting/interactive product for hobbyists. We were wondering about the feasibility of pursuing this in terms of costings. There are a few similar products around in terms of quality, genre and pricing (but not design!) - things like LED Matrices/Strips. I wouldn't want to 'pick out' a product but any LED/lighting items around $40 would most likely be similar for the sake of comparison here.
Broadly speaking, could anyone advise as to how much such products are bought for by retailers (like Adafruit/Sparkfun, or any other) if they are sold at around $40 and how many of such a product would be sold per month for a single retailer? If there is anyone with any insight - your guidance would be very much appreciated!!
I understand that there may be quite some variation between different products. Even if you know if there is a high or low profit margin in this industry and if quality or quantity is key that would be great. I don't know if the profit would be 50% or 1%! I'm also interested to know if there is a good market for these products in your opinion, or if it's too competitive, for example.
Thanks!
I'm a massive fan of Teensy and use them in almost all my projects. Some friends and I are pursuing the idea of starting an electronics based start-up company. We were wondering if anyone give us some quick guidance or help with market research. We've tried contacting a lot of retailers but without a completed project it seems their policy is not to discuss this kind of thing unfortunately!
One of the first projects we were considering finishing was a unique type of lighting/interactive product for hobbyists. We were wondering about the feasibility of pursuing this in terms of costings. There are a few similar products around in terms of quality, genre and pricing (but not design!) - things like LED Matrices/Strips. I wouldn't want to 'pick out' a product but any LED/lighting items around $40 would most likely be similar for the sake of comparison here.
Broadly speaking, could anyone advise as to how much such products are bought for by retailers (like Adafruit/Sparkfun, or any other) if they are sold at around $40 and how many of such a product would be sold per month for a single retailer? If there is anyone with any insight - your guidance would be very much appreciated!!
I understand that there may be quite some variation between different products. Even if you know if there is a high or low profit margin in this industry and if quality or quantity is key that would be great. I don't know if the profit would be 50% or 1%! I'm also interested to know if there is a good market for these products in your opinion, or if it's too competitive, for example.
Thanks!
