Wednesday, April 13, 2011

Homemade Millionaire, China, Inventions, Mommy Millionaire and more

I have been up most of the night and look dreadful so typing this post is the best option for all of us. :)

It is such a shame that China can manufacture your product so inexpensively because they are a total pain in the butt to deal with. Listen to this...my China Rep quoted me USD 125 (how they type it) and then after I paid them, I get an email saying, "So sorry factory made mistake. Need USD 85.05 to finish you mould (they spell it mould, I spell it mold).
My Husband said, "Welcome to China. Tell them to send your money back." Of course I flipped out! I wanted to just pay the USD 85.05 and get my mold made because I had not been able to find this product anywhere else! I quickly typed up an email asking them to honor their original quote but to no avail...they emailed me back (12 hours later due to the time change) saying if I want my mould made, I would have to pay the additional USD 85.05.

Jason is still upstairs getting ready but I am so afraid he is going to say "find another company to deal with" when I tell him. What could totally happen is I pay the USD 85.05 and then a week later, get an email saying "Factory made mistake. You now need to pay USD 300.00 for mould."

This China process is molasses.

I am speaking with a woman whom was selected for HM but was never on the show. However, they held her in her contract for almost 2 years which caused this lady to lose steam on her invention, her website became outdated and all the press she had previously done was obsolete. But let me tell you, her invention is AWESOME! When she gives me the green light, I will post it all here. Because I love her invention and think she is just wonderful on air along with wanting to see this incredible invention succeed, I have sent all of her info to my producer contact at Sullivan Productions and to Kevin Harrington's right hand man. I can't wait to hear what they say!

I finished Mommy Millionaire - yea! It's a great book with TONS of valuable info - a manual of sorts for small businesses. It is very overwhelming though...there is SO much still to do!

I thought I'd share with you my mistakes that has cost me money so far:

1. Trying to Trademark an "untrademarkable" name. $350.00
2. Paying my graphic artist to design my logo with the "untrademarkable" name. $150.00
3. Purchasing two domain names before settling on an entirely different name. $120.00
Total: $620.00

Live and learn...it'll all pay off in the end!
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13 comments:

  1. AnonymousApril 13, 2011 at 11:01 AM

    Tracy, You brought a tear to my eye when I read what you wrote about me. I can't thank you enough for all of your help. I am so rejuvenated in my product and I owe it all to you.
    PS. My Mommy Millionaire still didn't get here...

    ReplyDelete
  2. TracyApril 14, 2011 at 6:43 AM

    You are very welcome and I hope MM gets there today! I'll be in touch...

    Update on China: I asked what was the MQO (minimum quantity order)to get the molds made for free and they said 50,000. Gulp!

    ReplyDelete
  3. AnonymousApril 14, 2011 at 9:40 AM

    Oh my GOD! I guess your paying for your mold...

    ReplyDelete
  4. TracyApril 14, 2011 at 2:31 PM

    You guessed right! :)

    ReplyDelete
  5. AnonymousApril 16, 2011 at 12:31 PM

    It takes awhile but once you get it down with China it works out. It did for me. Good luck!

    ReplyDelete
  6. AnonymousApril 19, 2011 at 2:39 PM

    Update?????

    Deedra :)
    littlebuds.com

    ReplyDelete
  7. AnonymousApril 19, 2011 at 8:40 PM

    Hey ya'll! Just wanted to let you know that Edison Nation has been a good thing for me. I submitted 4 ideas, and one of them has gone to level G8 which means they are going to make the product and make an As Seen On TV informercial and start testing it! I'm very excited to have someone help me with an invention. Mary, where are ya girl?

    I'll keep you updated if you are interested.

    Deedra :)
    littlebuds.com

    ReplyDelete
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