Want your opinion about my business idea

[DerekC]

I decided to start business with luminophore. It is powder that glows in the dark. It is safe. It can be used in different spheres such as auto-tuning, architectural design, information systems, fabric, cosmetics and even flowers. What do you think about it?

[AlisonMSmith]

Don't know what I think. What are you going to DO with it? What's your business plan? Who is your target customer? How will you get the word to them?

Alison

[Yuliya Mironova]

Have you chosen this "luminophore" (which I'm afraid I hadn't heard of) because you already know that it's a product that's in demand, that has potential buyers, that people want to pay money for?

The basis of setting up a business ought to be identifying something (whether products or services) that people already want to buy and then finding a way of supplying it to them. It doesn't work too well the other way round, finding the product first and then looking for the customers (especially during a recession!).

[Aine]

If you are serious about this product and you think there is great potential for a business, check out your competition.

Do a SWOT analysis.

Check with your local Government Business Advice centre for free advice on starting up.

I wish you great success.

Aine

[debbystewart]

Are you making this product yourself or are you reselling it?

[DerekC]

Originally Posted by AlisonMSmith

Don't know what I think. What are you going to DO with it? What's your business plan? Who is your target customer? How will you get the word to them?

Alison

At first I plan to paint car wheels myself, I think that's a profitable business, and a new one, what is very important. The main thing is that it's a new and interesting product. I hope that car-tuning enthusiasts highly value the idea of creating luminescent rims. It can be used in aerography on the car body, I can paint not only wheel rims, but also hub-caps, license plate and bumper guard.

[DerekC]

Originally Posted by Yuliya Mironova

Have you chosen this "luminophore" (which I'm afraid I hadn't heard of) because you already know that it's a product that's in demand, that has potential buyers, that people want to pay money for?

The basis of setting up a business ought to be identifying something (whether products or services) that people already want to buy and then finding a way of supplying it to them. It doesn't work too well the other way round, finding the product first and then looking for the customers (especially during a recession!).

I've chosen luminophore, cuz I'm sure that it's an interesting new product, that will be in demand!!! The potential customers are car-tuning enthusiasts, designers, night club owners, businessmen. it is a new technology for architectural design (luminescence for external and internal night club, bar and cafe veneer, as well as residential interiors). The usage of luminophore’s properties in interior design is a very interesting option, as the results are only limited by your imagination. Many surfaces can be lent this luminescent effect: metal, wood, brick, concrete sand, cement, façade tiles, gypsum board, polystyrene and others. Artificial and natural decorative stones also look very impressive. Making patterns and paintings on the walls and ceilings of the interior, as well as detailing furniture (chairs, tables and bars) is also possible. In addition, you can create a “starry sky” on your bedroom ceiling, luminescent patterns on the baseboard and doorframe floor molding and cues on electric switches, etc.

[DerekC]

Originally Posted by Aine

If you are serious about this product and you think there is great potential for a business, check out your competition.

Do a SWOT analysis.

Check with your local Government Business Advice centre for free advice on starting up.

I wish you great success.

Aine

There is no business competition. I've already checked. Less people still know about this business opportunity.

[DerekC]

Originally Posted by debbystewart

Are you making this product yourself or are you reselling it?

I'm not making this product myself, I can resell it.

[Yuliya Mironova]

Originally Posted by DerekC

I've chosen luminophore, cuz I'm sure that it's an interesting new product, that will be in demand!!!

You don't believe in going with something already proven, then? Let's hope the rest of the potential future market shares your own obvious enthusiasm for it, Derek. Good luck!