Hobbyist and seamstress Diane made a unique invention called Seams Sew Fast. Through the help of a marketing and product development company, her product has been sold in 1000s of stores throughout the country. Making Diane’s dream become a reality and now she is enjoying an exciting life as a successful inventor. Listed below are the 10 steps that she used with the product development company to take her sewing hobby craft product to market.
#1 – Signing of any confidentiality / Non-disclosure agreement
Should your invention will not be patent pending or has not received a patent it will always be a smart idea to use a confidentiality / Non-disclosure agreement. Decide how much information you can make public or divulge with the Tech that you choose to work with.
#2 – Send your product concept to the product development and marketing company
You need to choose the right product development company for your invention idea. Have the choice from the connections they may have with big manufacturing companies or big box retail stores. Foe example, should your idea is a household item, then choose a company that has experience developing and promoting household items. You wouldn’t want to pick a company that lacks expertise in the related market of your own invention.
#3 – Report on product, advising of possible changes
Pay attention to the item development company’s advice, and make recommended changes. What you ought to listen for are changes and suggestions that will assist you to place your invention in a retailers existing brand family. As an example, the merchandise development company may suggest changing or adding a function that would complement a preexisting brand’s look and style.
#4 – Report on production and marketing possibilities
This maybe where you’ll have to rely on the product development companies advice the most, that is should you don’t already know the marketing possibilities. The marketing possibilities include who the customer, or consumer lives. Also, just how much the client is ready to pay and where customer shops.
#5 – Investigate intellectual property protections
It is recommended to conduct market research before obtaining provisional patents or full blown patents. Patents can be very costly and time intensive, be sure you know what Invent Help Invention Idea will be and who can buy your invention before trying to get a patent.
#6 – Fabrication of mock-up sample
Produce a model or prototype from the invention. A working prototype of an invention is the simplest way to work out any problems or functions of the idea. Most problems will surface while creating the prototype and save a lot of cash before the invention enters into full manufacturing production.
#7 – Showing of items to key account buyers
Chose and meet up with potential customers, such as manufacturing companies and large box retailers. Show from the invention face-to-face as much as possible.
#8 – Gauge overall interest in product invention
Depending from the feedback and willingness to buy from your account buyers select the appropriate manufacturing capacity. If the account buyers simply want to use a small test purchase first, it may be required to start manufacturing small xqvfcq making an investment in expensive setup fees.
#9 – Decline / proceed with production, or negotiate royalty payments
After gauging the general interest within the invention make a decision to manufacture the How To Patent An Idea Or Product yourself or license the invention to some retailer or manufacturing company. If you decide to manufacture the invention yourself you may need start-up capital or investment funding. Should you decide that the beginning-up expenses are too much consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is designed, manufactured, packaged, and prepared for sale.