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Felix: Now, would you normally set up appointments with vendors this early?

 

Jason: It was purely because I was on the way already. All our normally appointment factories are in Asia and if you’re building a business in America, it wouldn’t make sense for you to fly to the vendor every single special database time you get a new idea. But I think it was just because I was on the way for a vendor appointment for my other brands. But generally what I would do is that every time I get an idea, I do a lot of internal research on whether or not the idea’s viable first. Some products do require different certifications, different vendor requirements. So I usually do that step first. But just because I was on the way already and it wasn’t really out of the way for me to visit these vendors, I thought I would just set up the appointment.

Felix: What is involved when you normally appointment are doing

that kind of personal research to figure out if a business idea is viable or not?

Jason: Oftentimes what I found is that we’re really not the first person, we’re sometimes the fifth or sixth person to think of the same business idea. And so, the first thing I like to do is to see if there’s any history of that product. If someone has tried to create something and if so, why did they fail? Why did they not get to market? Is it because of product defects.

The market wasn’t ready for it?

Or was it because the vendor just wasn’t able to supply what 7 best and profitable cryptos to mine we envisioned? So I like to see if other people have tried the idea first. And what I like to tell everyone is that even though someone has taken the idea already, it doesn’t mean that you cannot do it. It just means that maybe the market is validated and it is a sign for you betting email list to actually put more effort into it. So the way that I like to see is to see what other people have done already and see what I’m able to do differently or if there’s a roadblock that they experienced, I like to see if I was able to circumvent that or if I need to stop the project entirely.

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