Hobbyist and seamstress Diane made a unique invention called Seams Sew Fast. With the aid of a marketing and product development company, her product has been sold in a large number of stores throughout the country. Making Diane’s dream become a reality and now she is enjoying an exciting life as a successful inventor. Here are the 10 steps that she used with the product development company to take her sewing hobby craft product to market.
#1 – Signing of the confidentiality / Non-disclosure agreement
In case your invention will not be patent pending or has not received a patent it is always a smart idea to possess a confidentiality / Non-disclosure agreement. Choose how many details you can make public or divulge with all the Invention Help that you choose to work with.
#2 – Send your product or service concept to the product development and marketing company
You should select the right product development company for the invention idea. Create the choice from the connections that they have with big manufacturing companies or big box retail stores. Foe example, in case your idea is actually a household item, then select a company which has experience developing and promoting household products. You wouldn’t want to choose a company that does not have expertise in the related market of the invention.
#3 – Review of product, advising of possible changes
Pay attention to the product development company’s advice, making recommended changes. What you ought to listen for are changes and suggestions that would help you place your invention inside a retailers existing brand family. For instance, the merchandise development company may suggest changing or adding a feature that could complement an existing brand’s look and style.
#4 – Review of production and marketing possibilities
This maybe where you’ll must rely on the product development companies advice probably the most, that is in the event you don’t already know the marketing possibilities. The marketing possibilities include who the consumer, or end user lives. Also, exactly how much the client is willing to pay and in which the customer shops.
#5 – Investigate intellectual property protections
It is recommended to conduct consumer research before obtaining provisional patents or full blown patents. Patents can be extremely expensive and time consuming, make sure you know what Make My Invention Prototype will likely be and that will purchase your invention before trying to get a patent.
#6 – Fabrication of mock-up sample
Develop a model or prototype from the invention. A working prototype of the invention is the best way to work out any problems or functions in the idea. Most problems will surface while creating the prototype and save a lot of money before the invention enters into full manufacturing production.
#7 – Showing of merchandise to key account buyers
Chose and talk with potential customers, including manufacturing companies and big box retail shops. Show off of the invention personally as much as possible.
#8 – Gauge overall interest in product invention
Depending in the feedback and willingness to purchase through the account buyers select the appropriate manufacturing capacity. If the account buyers simply want to consider using a small test purchase first, it may be required to start manufacturing small xqvfcq investing in expensive setup fees.
#9 – Decline / proceed with production, or negotiate royalty payments
After gauging the entire interest in the invention make a decision to manufacture the Inventhelp Inventor Stories 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. If you think that the beginning-up expenses are excessive consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is designed, manufactured, packaged, and prepared available for sale.