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by welzel 887 days ago
I like to encourage you to go on this adventure to learn why a toaster made in USA could be the single most horrifying idea a founder can have. I would like to encourage you to become a founder and milk every insight out of this idea you can get. Don“t walk away now, go all in and learn in order to protect you from sinking years of your life into a bad idea (Spoiler: your next idea might be even worse)

1. research the cost of producing a production-ready physical product. You need millions of up-front investment and a couple of years of funding.

2. research how a toaster is sold. Spoiler: you need attention and access to a target audience. What would be your customer acquisition cost to sell 100K units?

3. what is the customer lifetime value of a person who bought your toaster? Spoiler: your competition might be a 10 USD made-in-china piece of crap, so people a willing to spend 25 USD on something that is not dead-on-arrival. How much do you need to charge for a made-in-USA toaster? 99 USD? 299 USD?

4. how much do you need to spend on branding and marketing to get the value of "made-in-USA" attached to the toaster? 10M? 50M?

5. how will your life look like, when you manage to pull this off to sell 10K toasters? My assumption: it will be a constant nightmare/living hell, as you now have a mountain of dept, high running costs and many people asking you to sell the next 100k toasters...