Back

vishakha Jangir

 • 

Set2Score • 2m

𝗧𝗵𝗲 𝗽𝗿𝗼𝗱𝘂𝗰𝘁 𝘄𝗵𝗼𝘀𝗲 𝗱𝗲𝘀𝗶𝗴𝗻 𝗵𝗮𝘀 𝗯𝗮𝗿𝗲𝗹𝘆 𝗰𝗵𝗮𝗻𝗴𝗲𝗱 !! That's a 🧷. In 1849, Walter Hunt created the safety pin using just a piece of copper wire—an innovative yet straightforward design intended to settle a $15 debt. He later sold the patent for $400, and remarkably, the design has barely changed since then. Think about it: cars have evolved, bicycles have been reinvented, and fashion trends constantly change. Yet, the safety pin remains nearly identical to its original form. ---- Despite its simplicity, the global safety pin market is valued at over $150 million annually, with demand spanning across clothing, medical, and packaging industries. The textile and fashion sector accounts for nearly 60% of total safety pin consumption, as they are essential for tailoring, alterations, and fashion emergencies. In healthcare, safety pins are widely used in first aid kits and bandages, contributing to 15% of total sales. The cost of manufacturing a single safety pin is as low as $0.01, yet bulk retail pricing allows for profit margins exceeding 200-300%, making it a highly lucrative product. ---- A reminder that brilliance isn't always about complexity; sometimes, the simplest ideas stand the test of time. Let me know if you have the same idea in your mind about any product. :)

3 replies3 likes
Replies (3)

More like this

Recommendations from Medial

sahil kachave

Sea Shore • 1m

Nearly $1 trillion was wiped off US markets yesterday—more than India's total losses over the past six months.

0 replies7 likes
1
Image Description
Image Description

Mridul Chandhok

Entrepreneur and Ger... • 9m

How about a fashion clothing platform that’s famous for fashion trends from all over the world like a Category with famous Korean fashion, and many more such fashion trends from all over the world. Famous fashion clothing trend from various parts of

See More
26 replies42 likes
7
Image Description
Image Description

Rupayan Dutta

Aspiring Entrepreneu... • 3m

I have an idea about a fashion startup but need a Co-founder who has knowledge about the fashion industry and fashion designing. If interested then DM me I will share the idea.

5 replies1 like
Image Description

Akshay Pk

CTO • 7m

Hey there I'm a android and iOS developer if any start-up ideas? Pin here

2 replies2 likes

Nilotpal Chauhan

Co-Founder & CEO of ... • 11m

Global Service Industry has a total TAM of nearly $14 Trillion, and it's expected to grow with 21% CAGR by the year 2033. India 🇮🇳 Export: $105 Billion Import: $170 Billion You either yourself problems, Or you help people solve problems. Endles

See More
0 replies5 likes

Somesh Narayan Tripathi

"Beyond Boundaries, ... • 3m

Safety Innovation in the Automobile Sector - A Start-Up Opportunity Safety remains a top priority in the evolving automobile sector, and there is immense potential for start-ups to drive innovation in this crucial area. With advancements in vehicle

See More
0 replies

Varahi

"Grace Redefined, On... • 4m

Subject: Be a Part of Warahi – A Promising Fashion Startup Revolutionizing Women's Style Hello everyone I am Chirag Gurav, the founder of Warahi, a startup brand with a vision to revolutionize women’s fashion. Warahi aims to provide trendy, high-q

See More
0 replies4 likes
Image Description
Image Description

Paawan Matani

#startupenthu • 2m

Startup on Second-Hand Apparel: Making Fashion Affordable & Sustainable Fast fashion is draining wallets and harming the planet. But sustainable fashion often feels out of reach for the average consumer. That’s where FAD comes in. We’re redefining

See More
5 replies1 like
Anonymous
Image Description
Image Description

Hi guys iam trying to start a business on safety equipment so please give the information regarding starting of a safety bussiness profitably

4 replies4 likes

Umair Zafar

Hey I am on Medial • 19d

Hey... I am a Fashion designer and a Hotelier

0 replies1 like

Download the medial app to read full posts, comements and news.