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| Joined: | Sun Sep 4th, 2005 |
| Location: | Akron, USA |
| Posts: | 28626 |
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"First it's not easy at all to get investors. And most of the time they'll require existing sales. So, you have to finance the business yourself in the beginning. So either you save for several years, or borrow from someone who trusts you, or borrow on a credit card. And then what, you just produce a batch of watches and hope to sell them? It's an enormous risk!"
"As I said before, I believe running a pre-order is the best way to validate a business idea. And it has avantages for both sides: the business owner doesn't take a huge risk, and the customer usually gets a very good deal. Win-win!"
this sums it up for me,he doesn't want to take any risk with his own money,if he has any to begin with,and he believes it's a win-win when he does not have to take a huge risk and the customer "usually" gets a good deal...I emphasize usually.
btw,he doesn't accept paypal...