Can you guess the shocking cost of the first airplane?
We all know the story of Orville and Wilbur Wright, right? These brothers from Dayton, Ohio were the first humans on Earth to build and fly an airplane. They launched their original Flyer in Kitty Hawk, North Carolina in 1903. Their airplane forever changed life on this planet. It opened the possibility of space travel, next-day package delivery, and complaints about spotty wi-fi on transcontinental flights.
Do you know how much they spent to get that first plane in the air? It took them four years. Over that period their expenses included all the materials needed to research, build, test, modify and repair their prototypes. The price tag also included all of their travel between Ohio, where they built their machines, and the Outer Banks of North Carolina, where they attempted to fly them. Remember, this was before Southwest Airlines made it cheap and easy to fly about the country.
So how much did they spend?
I’m adding fluff to this story to prevent your eye from catching the number below.
It’s my attempt to add suspense.
But now it is time for the number:
All in, they spent less than $1000!
Less than $1000! That’s unbelievable, Wright?!? It is so ridiculous that it wasn’t even one of the multiple choice answers!
The Wrights found that the actual inputs were not crazy-expensive (my words, not theirs). They invested more in elbow grease and developed sweat equity in their innovation. They were remarkably frugal with their travel. And as a result, they changed the world for less than $1000.
You can do the same. Put your own work into your greatest idea. Create an inexpensive prototype. Offer the service yourself. Write that script in your head. Figure out how to develop a minimum viable product. See where things go from there.
Great ideas have a way of taking on a life of their own once you give them the push they need to get started. So don’t let that great idea in your head shrivel and die. Feed it. Water it. Grow it. Put in the effort. Then watch your idea take off.
Just like the Wright Brothers did.
*I know this was 115 years ago, and there has been inflation since. So I pulled out my trusty calculator and mathed-up the inflation. In today’s dollars that would be $26,000. But still, it is a frickin airplane! On today’s airplane the barf bags probably cost more than that. The numbers were found in David McCullough’s amazing book, The Wright Brothers, (which I would have titled The Wright Stuff).