Shed Simove

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Shed Simove

Shed Simove

@ShedSimove

Performer-Entrepreneur-Speaker-Author ⭐️ Book: https://t.co/CMCVL8t81k Speaking: https://t.co/Mvh8CTknGa

London Katılım Eylül 2009
791 Takip Edilen3.5K Takipçiler
HENDO
HENDO@HendoAi·
@tjwardlow Check out @ShedSimove Another amazing creator creating the craziest creations. Hey Shed, hope you're well. 😉
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TJ Wardlow
TJ Wardlow@tjwardlow·
I’ve made $50k from a ‘stupid’ idea that took me 20 minutes. Here’s how I rent my ideas for royalties… In 2012 I started my own product design agency to license consumer product ideas to larger companies. I was broke as a joke, had no experience and no design skills. But I had a LOT of ideas and dreams of hitting it big. I spent 11 months pitching ideas to kitchen companies, BBQ companies, toy companies, pet companies - you name it. Rejection after rejection. I was ready to give up. One day I had a really stupid idea. I was at a pool party when somebody tossed a battery powered toy fish into the water. I watched it swim around and freak people the F out. I’d just watched Caddyshack and the pool scene popped into my mind. The part where they throw a Snickers in the pool as a poo gag. Boom! Eureka moment. I combined the fish and the fake poo - A Swimming Poo! Stupid idea…but I thought it was hilarious. The next morning I spent 20 minutes slapping together a sell sheet, worked up the courage and emailed the CEO of Spencer's - I didn't expect a response. (It's pretty terrible I agree) Less than an hour later he got back to me. AND he CCed one of his buyers - she was interested. But…they wanted a sample. “Hmm…no problem. I’ll get back to you ASAP.” I contacted some prototyping agencies. Lowest bid was $8k for the sample. $8k more than I had. So I improvised. I ordered one of the toy fish and bought some brown clay - I’ll just make my own sample - LOL. They weren’t impressed. “WTF is this? It looks like a turd bomb.” “Yes…um…I admit…it’s a verrrry rough sample. But you get the idea. Now you can manufacture…” “We don't manufacture anymore.” Shit. Idiot. My research was out of date. I thought my idea was dead. Fortunately they were still interested. The buyer put me in touch with a novelty company who produced a ton of their merchandise. I emailed the CEO my idea. He loved it. Said he could help me with manufacturing. But…it would cost around $100k to get to market. Gulp. Not gonna happen. Dead again…or so I thought. He made another proposal. “What if we remove the mechanical part and make it in Nerf material? Like the football? Something that floats. We can make money on that. I'll give you a 5% royalty.” “Deal!” (I’m a tough negotiator.) I couldn't believe it. His company started working on molds and prototypes the next month. It took about 6 months to finalize the product and then another 6 months of market testing. It was a hit! Spencer's rolled it out nation wide. 14 months after I sent the initial email I received my first royalty check. It’s not Lambo money. But…for 10 years running they send me a royalty payment every quarter. All I do is check my bank account. Lessons learned: 1) Stupid ideas have value 2) Innovate on evergreen products 3) Do your research 4) Don't get married to your idea 5) Be persistent Thanks for reading. If you’d like to hear more stories like this follow me @tjwardlow Take it easy, TJ
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Shed Simove
Shed Simove@ShedSimove·
@t3st Unfortunately, Random House (who published my first 'real; book, 'Ideas Man' took a cease and desist out on me for my 'Fifty Shades Of Gray', so I'm banned from reprinting it. They sued their own Author 🤣
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SmoMo-Ben Greenfield
SmoMo-Ben Greenfield@t3st·
@ShedSimove Awesome :) when I saw I was blown away, that VSauce is one of the most popular YouTubers :) Maybe time for a reprint? lol
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Shed Simove
Shed Simove@ShedSimove·
Need your help please... I'm looking for a DISTRIBUTOR and RETAILER for this idea: 'The Cleanest Book In The World'. Would love to license the idea to someone who can get it certified and shipped around the world... #help #innovation #business #hygiene #wanted #retailers
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Shed Simove
Shed Simove@ShedSimove·
@TwitterSupport would love your help getting into a dormant account please. Can you DM me please?
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SAY CHEESE! 👄🧀
SAY CHEESE! 👄🧀@SaycheeseDGTL·
In 2019, a 31-year-old North Carolina man created and launched a new dating app, but there was a catch. He was the only guy on it. He banned all other men from joining.
SAY CHEESE! 👄🧀 tweet mediaSAY CHEESE! 👄🧀 tweet media
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Shed Simove
Shed Simove@ShedSimove·
Hey @FabFrosty - the wonderful Lisa Holley Palmer tipped me off about you, your talents and brilliant success. I was wondering if you had any pointers for me re my 'novel challenges' please! youtu.be/ECV8HsjSKx4
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Shed Simove
Shed Simove@ShedSimove·
Hey @JennieRothwell1! Hope you're well. Did you ever receive the bespoke artwork I had made for you in the end? Cheers! Shed
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