Entrepreneur Buys Rights To Nostalgic Toys

I heard this story -- not sure if the details are correct.

Guy from Japan calls Duncan yoyos and says, does anyone own the rights to your products in Japan?

Duncan says no.

Guy says, can you give me exclusive rights?

Duncan, who apparently did not sell many yoyos in japan said, sure, why not.

Guy takes idea and RUNS with it -- starting yoyo CLASSES all across Japan -- makes it into a NATIONAL CRAZE -- makes $80 million.

Never know until y'ask, I guess.

Semi-related...

The Smurfs were a big deal in their original "birthplace," Germany, for MANY YEARS (10?) before someone visiting there noticed them and found a way to import them to the US -- again, resulting in millions of profit.

Don't just assume your ideas have already been done + tried.

Maybe they haven't!

ASK!

Here's an idea for someone out there who wants to try it...

Nutella has been in Europe for DECADES -- very popular there. Now it's starting to be used in US.

Here's the thing -- in Europe, there's basically "NO SUCH THING" as PEANUT BUTTER!

I know, I've tried. If you're in Europe, and you ask for peanut butter in a supermarket -- or any food store -- THEY HAVE NO IDEA WHAT YOU'RE TALKING ABOUT!

If "they" can give us nutella -- WE can give them peanut butter!

A potential zillion dollar market.

Cheers.

-- TW