Dien Rice
June 25, 2015, 10:40 PM
However, valuable toll positions can be bought, or you can do a deal.
Here's another example I talked about recently... This is a deal which didn't work out - even though I did get a toll position...
http://www.sowpub.com/forum/showthread.php?p=35452
What I didn't mention in the earlier post was that I had a deal with the inventor (who owns the patent in multiple countries) for a percentage of the gross sales, if we got it to marketability. I would spend zero dollars of my own money.
It didn't work out because, although he wanted my advice, he insisted on doing the exact same thing he was doing before, which wasn't working. I pointed out why it didn't work before (and by implication, why it wouldn't work again), but he was very insistent on doing it the exact same way. I suppose he wanted me to perform some "magic" to make it work this time, when the exact same approach before had failed (and failed for very logical reasons).
I explained it in more detail in my earlier post...
After about a month, I said I'm no longer interested, as I realized I was wasting my time. (I've kept tabs on how things are going, and 3 years later, he's still stuck where he was before. He tried a Kickstarter campaign, which failed dismally - he got pledges for less than 3% of the money he was asking for. This is not a product which would lend itself well to a Kickstarter campaign, in my opinion. It's a good product, I think, but most of the people who would buy this product are generally not internet-savvy, and would never have heard of Kickstarter...)
What this shows, though, is the principle... You can get "toll positions" with zero money spent. But yes, there is some work involved in doing it this way... However, lack of money is not really an obstacle to getting toll positions.
Best wishes,
Dien
Here's another example I talked about recently... This is a deal which didn't work out - even though I did get a toll position...
http://www.sowpub.com/forum/showthread.php?p=35452
What I didn't mention in the earlier post was that I had a deal with the inventor (who owns the patent in multiple countries) for a percentage of the gross sales, if we got it to marketability. I would spend zero dollars of my own money.
It didn't work out because, although he wanted my advice, he insisted on doing the exact same thing he was doing before, which wasn't working. I pointed out why it didn't work before (and by implication, why it wouldn't work again), but he was very insistent on doing it the exact same way. I suppose he wanted me to perform some "magic" to make it work this time, when the exact same approach before had failed (and failed for very logical reasons).
I explained it in more detail in my earlier post...
After about a month, I said I'm no longer interested, as I realized I was wasting my time. (I've kept tabs on how things are going, and 3 years later, he's still stuck where he was before. He tried a Kickstarter campaign, which failed dismally - he got pledges for less than 3% of the money he was asking for. This is not a product which would lend itself well to a Kickstarter campaign, in my opinion. It's a good product, I think, but most of the people who would buy this product are generally not internet-savvy, and would never have heard of Kickstarter...)
What this shows, though, is the principle... You can get "toll positions" with zero money spent. But yes, there is some work involved in doing it this way... However, lack of money is not really an obstacle to getting toll positions.
Best wishes,
Dien
