Big Idea? Maybe..!
Kim Babjak was born to be an entrepreneur. From her childhood days of developing products, Kim has loved all aspects of business. However, the area that brings her the most joy is helping others achieve success. Armed with her dream of taking to market products she had been developing for years, Kim took a chance at becoming financially and emotionally free by starting and running her own business.
She wanted to create a company that would give her the flexibility to work around her children and family, give her the freedom to make her own decisions, and help other entrepreneur's achieve the type of success she had.
"I want to make people's lives easier, and that is just what I am doing" said Kim.
Along the way, Kim encountered many obstacles, and through her perseverance, is now the owner of a highly successful company whose consumer products sold on QVC America, QVC UK, Wal-Mart, Walgreen's and large catalogs internationally.
Kim is thrilled to take the experience and knowledge she has gained from starting and running her business, and now share it with others. Kim provides guidance and resources in the areas of product development, offshore manufacturing, importing and QVC consulting.
This highly energetic and personable entrepreneur is helping create the "American Dream, one Dreamer at a time!"Since launching her company in 1998, Kim Babjak of KimCo LLC, has been living her "American Dream" of success. While wearing many hats like mother, entrepreneur, business woman, author, speaker and QVC agent, Kim has designed and taken to market many of the consumer products she has designed over the years.
Her struggles and hurdles in the process have compelled her to develop a unique consulting program that helps entrepreneurs with finding, then living their own "American Dream." KimCo's new venture helps entrepreneurs get their products seen by millions on QVC or HSN, idea to paper product development, product prototyping and overseas manufacturing.
Always Dream Big!
Kim's four reason why she works so hard !
Latest posts by Kim Babjak (see all)
- Selling to Wal-Mart: The Do’s and the Dont’s - June 29, 2011
- Specialty Retail Entrepreneur Expo & Conference, You gotta go! - March 16, 2011
- Inventor on NBC TODAY Show! How did she do it? - December 7, 2010
Today I had an experience I will not soon forget…….This experience deals with NOT loving your product idea sooooo much that you do not listen to reason and jump the gun and order 300,000 units before you have customers. When I told the developer that the product was good, but maybe will have a hard time finding it’s nesting place in the market….I GOT AN EAR FULL!
I know every product developer LOVES their baby. An idea that they have slaved over for many years, you know THE ONE that they have lost many hours of sleep over. You’re so in love with it that, like having a new boyfriend, you do not sometimes see the warning signs, listen to the advice, and all because we’re in love! How wonderful….
I have some advice you should consider when trying to consider developing a product, or NOT. I want to help you avoid some tragic, killer mistakes.
Pointer #1: when you are developing that “no one has ever seen my type of product or invention before” please make sure you do some basic research before you soak a ton of time and money into manufacturing 300,000 units.
Pointer #2: you do not ever want to be legally barred from making or selling your idea because of someone else’s patented product. Do a patent search first…..No big deal….
Pointer#3: go and simply ask your ideal customer if they would buy your product (if it is a secret, describe as best you can). It is pretty simple and not complex. If the response is less than you expect, it is OK. Do not get defensive, confrontational or freak out. It does not mean that the idea is bad, it may be as simple as you your targeting the wrong customers, with the wrong item, at the wrong time and place. Do some homework research and talk to others about what you want to offer. Get feedback first, then evaluate. First place to start is here StartupNation.com…. ask us, them, everyone about what they think….DO RESEARCH!
Pointer#4: try to realistically step away from the emotional side of the product. Seeing if it has a home in the market place can be tricky. Making an emotional decision with regards to what a customer would want, could be a hefty mistake.
Pointer #5: produce enough samples or product that you can afford. Do not break your back by going into debt. Start smart, start SMALL!
Pointer #6: maybe going overseas right out the gate is not a good idea. Bigger is not always better. Maybe you do not need to order 25,000 pieces to get a good break. I know many clients who now are sitting on inventory they cannot move..OUCH!
Be a good researcher, be realistic and always……..
DREAM BIG!- but be smart!