Sunday, October 7, 2018

RokBlok - The Ideas Behind the Creating a Product and Selling it For a Whopping $500,000


The inventor of the RokBlok, the portable vinyl music player, Logan Riley recently interviewed, and he pitched about the music player. The interviewer, Robert Herjavec gave a proposal to the Logan Rile about selling the RokBlok to him. He offered Logan Riley six-figure amount with two years on house job with additional royalty per unit paid to the founder. The Inventor of the RokBlok accepted the offer, and he told the audiences about his journey from the scratches.

Logan was worked in Apple for five tears. Later on, he was employed in the Fuze, Pandora and LearnUp.  He established his own company, named it Pink Donut. RokBlok was one of his brainchildren. However, his first invention is the "LookFor" app which he marketed by promoted as the ‘Word's dumbest app'.  But the app worked well and soon he launched it on the Android version.





Ideologies Behind his Business Growth
The best thing about him is that he is the one-man-army as he looks after the work of the company. He highlighted that his perception about maintaining a company is to give importance to the time, passion, market and money.  According to him, he set the time limit of five months. In addition to that, he was surprised by the sudden breakout of the popularity of the game app, ‘Pokémon Go’.  He challenged the ‘Pokémon Go’ app owners and made ‘International orange’ app with the help of one couple. But, the app received mild success.

Riley moved to his next project which was an audio series about the City of San Francisco. He created the episode where each episode comes up with the new characters, and he worked on the illuminated things which occur only at the foggy Bay City.  He understood that working alone is not a great option and he finally worked with a group of talented workers.

Knowing the Secrets of the Business Growth
Riley understood that the company works on the two factors. One is the passion which is the fuel to grow the company. The second thing is the market in which you need to follow to escalate the profit margins.

His great inventory, RokBlokbroke all the market statistics as he profited around $350,000. He proportioned his music player through the blogs and the other publications.  Presently, the music player comes up with a wide range of customer services. He admitted that his secret of the success is that he knows about the functions of the Kickstarter which helped him to increase his business. He taughtthe audiences that pitch at the investor with a very comprehensive way.