Ever heard of Japan’s bizarreness on the products they put out? You can get weird as they get when you want to put a product out there as long as you’re sure it can sell, and it can be valuable to people.
So, in this episode of the Streetwise Tradesman Podcast, John interviews BBC Dragons’ Den Winner Tony Higson about everything you need to know about product development – from designing to pitching to marketing to selling. Product development is quite tricky to do now in this fast-paced world. In every moment, a customer’s needs can change. So, it becomes hard enough to design and pitch a viable product that can sell in the market.
Tony lets you in on some great strategies so you know what you can do with your big ideas. He also gives tips on how to start and develop your business. Aside from these, he also shares his personal and career experience from which you can learn from so make sure to tune in.
KEY TAKEAWAYS
What was it like in Dragons' Den? Tony considers his experience in Dragons' Den was one of the highlights of his life. What people don't see is the very welcoming environment in the Den according to Tony. The people are all so kind. You get to meet entrepreneurs, business owners, and VCs.
What made Tony design a product? Drawing, painting, and realizing a concept has always been a passion of Tony. Aside from this, when he was working in retail, customers would ask him about stuff don't exist yet. So, he saw potential and this experience gave him ideas. He wanted to design products that would be helpful for customers.
Before getting a patent, make sure that you prove the idea - prove that it works. After this, think if it's scalable and if it can sell big in the market.
How do you master the art of public speaking?
Tony says you must be happy and rooted so when challenges come, it will be easy to push them away.
He adds that you must be knowledgeable of what you're selling - ideas, products, and services.
Be mindful of the speed of your speech. Take note that the people listening need to digest and understand. Listen to your audience as well.
Be confident. Calm down and relax. Breath.
Tony shares what he learned (and still learning) inside his business.
If you set your goals, make time for it, do what needs to be done, you'll achieve them. It's not just about achieving it, you must enjoy your journey.
You have to celebrate achievements, as well as failures. They're parts of who you are and shapes your personality and principles.
Don't quit a job for any business. Let it grow organically.
Build your network with other business people. You learn from them by observing them, listening to their stories, and getting guidance from them.
BEST MOMENTS
"The important thing to do is come up with the idea, commercially assess it, develop it, prove the concept, and then, start looking at protecting it."
"You gotta be happy in your life. If you're not, things are a lot difficult."
"If you know your business like the back of your hand, then any question you got asked will be fun to answer."
"If you put your eggs in one basket, it becomes a chore, it becomes something you got to do."
VALUABLE RESOURCES
BBC Dragons’ Den Online – Tony Higson – The Suit Commute | YouTube
Intellectual Property Office (IPO)
Start-Up Loans UK
ABOUT THE GUEST
Tony Higson is an International Design Award Winner, a Dragon's Den Success Story, and a Public Speaker. He has years of experience working in sales for product development companies and business development manager. He's passionate about public speaking and aims to help and inspire young business learners, SMEs, and students.
LinkedIn www.linkedin.com/in/Anthonyhigson
ABOUT THE HOST
I am John Clarke. A guy in my 30’s with a successful business portfolio. My journey really started, when I got on the wrong side of the law at 15 years old, with a short stay in prison, but fortunately this was the beginning of my journey despite struggling with mental health difficulties I managed