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The success of the new products is based on
due diligence, market conditions, and availability of resources and
components. To increase the product(s) success the following
criteria is applied to all initial products:
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Select products with an existing patent.
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Select after-market products. Convincing an existing market
that this product needs to be installed may be difficult and
cumbersome. For
example, a built-in TV on each seat of an airplane would be more
difficult to establish, versus a small carry-on handheld TV.
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Select products that have interest from potential Clients.
For example, several product ideas have been presented to
potential distributors/manufacturers (OEM’s) and strong interest
exists.
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Other products will require a product market research before
allocating any substantial capital.
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