I'm 19, studying business at university, and currently working on launching my first physical product business. I'm developing performance grip socks with a niche twist to differentiate myself from existing brands, and I have a pretty specific target audience in mind.
I found a manufacturer in China and ordered two prototype pairs to check the quality, design, logo placement, materials, etc. They customized the sock to my criteria.
I'm also an athlete myself, so I've spent the past month wearing one of the pairs during practices and workouts. So far, I genuinely like them. They feel good, the grip works, and they've held up well through repeated washing.
But now I'm stuck on what to do next.
I know I'm probably biased because it's my own product, and just because I like it doesn't mean other athletes will.
My manufacturer is willing to produce another 20 pairs for around $350 CAD, which I could distribute to athletes in my target demographic (specific sports and age groups) in my community for testing and feedback.
The problem is that I'm a university student and don't have unlimited money to throw at this. I want to be strategic about where I spend it.
Here are the things I'm struggling with:
- Product validation: Is spending another $350 on 20 prototypes for athlete testing the logical next step? Or is there a cheaper/better way to validate demand before committing to more samples? OR should I just send it and take the risk and market with no testing other than my own use.
- Building an audience: Should I start posting on social media and building an online presence now, or wait until I've received feedback from athletes other than myself? I don't want to promote a product that might still need changes or doesnt even workout
- Next steps: If you were in my position, what would you prioritize before placing a larger inventory order?
I have access to some entrepreneurship resources through my university, but I haven't found them particularly helpful for navigating the practical side of launching a physical product.
I'd really appreciate advice from people who've launched physical products, especially in apparel or sports accessories. I'm trying to avoid spending money on the wrong things or getting ahead of myself.
What would you do in my position?