Comment by toast0
There is room for third parties, but it's a hard road and in my lifetime, I've not seen any parties really try to take the road.
You've got to get your party organized at all levels and running candidates in most contests. Everyone seems to want to run a Presidential candidate, but if you're going to run only one election, it should be one you have a chance of winning. A lot of federal office holders previously held state or local office. If you want to seriously contest federal offices, you need to have candidates with elected experience. So, start with local districts, city council/mayorship, maybe county offices. From there, work towards state office. Then you can pick up some house seats, and eventually senate seats too. When the time is right, maybe try some of your seasoned politicians for President.