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According to Forbes, 90% of startups fail in the first year due to incompetence. How nice is it to know the sure ways to succeed before you begin your venture?
With many established companies, there are many more coming up every year. Why should this bother you if you plan it right?
Be positive and have the belief in yourself! The market is enormous, with good growth, and you can be one new venture for eyewear from prescription sunglasses to regular glasses and can taste success.
If you are eager to know-how, then keep reading.
1. Read the success stories
A great example of optical history is an article on Warby Parker. With amazing eyewear apps or deals that enable trying five pairs at home, you can stand away from the market and yet can be winning.
Some stories may be different from traditional eyewear businesses, but you don’t want to be like others, but be your own and create your niche.The Internet is your buddy; try it out to read inspiring stories and learn.
2. Find a reliable manufacturer
If you want to start a business on exciting ideas or have plans to develop something new, you will need manufacturers on whom you can depend. You may need to cross your geographical boundaries to get what you are looking for.
3. Build a social media network
When there are so many free social media platforms, you must take advantage of networking. Don’t underestimate its value. LinkedIn can benefit as you can come across every professional from distributor to manufacturer, sales and marketing people to business partners, and every networking that you should have.
4. Observe and learn
The key to success is observation and what you learn from them. Next, you have to put them into practice. The business scenario changes, and trading with eyewear is no different.
When you observe, listen and learn from peers or predecessors, you can do better than them. Try and discuss your idea in your circle; both criticism and advice would help you grow.
5. Start with minimal
Experts suggest that too many options can stall your thinking. So, start simple. You may have ideas to launch something new, but try to keep the product simple at the beginning or keep the price marginal.
Try to sell them to as many people because the chances are that people may shrug to purchase from you with complicated features or a higher price range.
6. Build a prototype
You may desire to create something fresh and new, but it’s different from having a tangible result. You may be planning to bring up the next version of Aviators, but that you see, you can believe.
What you must do is prototype your idea and make them something physical and visible. When you step ahead of your imaginations, your materialization of dreams begins.
Talk to good manufacturers and first bring out a prototype. You may initiate crowd funding and start with it. The purpose of telling this is to help you understand the importance of making your ideas concrete.
Final Thoughts
When you plan to start your venture in glasses and want to try everything from ordinary ones to high-end prescription sunglasses, you need to get an overall knowledge about everything from the start.
