Hobbyist and seamstress Diane created a unique invention called Seams Sew Fast. Through the help 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. 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 the confidentiality / Non-disclosure agreement
Should your invention will not be patent pending or has not yet received a patent it is always smart to possess a confidentiality / Non-disclosure agreement. Decide how many details you can make public or divulge using the Famous Inventors that you decide to work with.
#2 – Send your products or services concept to the product development and marketing company
You need to select the right product development company to your invention idea. Make the choice through the connections that they have with big manufacturing companies or big box retail stores. Foe example, if your idea is really a household item, then pick a company which has experience developing and promoting products in the home. You wouldn’t desire to select a company that does not have experience in the related market of the invention.
#3 – Report on product, advising of possible changes
Tune in to the product development company’s advice, and make recommended changes. What you need to listen for are changes and suggestions that would enable you to place your invention in a retailers existing brand family. For instance, the item development company may suggest changing or adding a characteristic that will complement an existing brand’s look and design.
#4 – Review of production and marketing possibilities
This maybe where you’ll need to rely on the product development companies advice by far the most, which is in the event you don’t already know the marketing possibilities. The marketing possibilities include who the client, or end user lives. Also, exactly how much the consumer is willing to pay and in which the customer shops.
#5 – Investigate intellectual property protections
It is advisable to conduct researching the market before obtaining provisional patents or full blown patents. Patents can be extremely expensive and time consuming, make sure you know what Invent Help Ideas will likely be and that will buy your invention before obtaining a patent.
#6 – Fabrication of mock-up sample
Produce a model or prototype from the invention. A working prototype of your 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 is put into full manufacturing production.
#7 – Showing of items to key account buyers
Chose and talk with potential buyers, like manufacturing companies and big box retailers. Show from the invention personally as much as possible.
#8 – Gauge overall interest in product invention
Depending of the feedback and willingness to purchase through the account buyers chose the appropriate manufacturing capacity. In the event the account buyers simply want to try a small test purchase first, it may be required to start manufacturing small xqvfcq purchasing expensive setup fees.
#9 – Decline / proceed with production, or negotiate royalty payments
After gauging the overall interest inside the invention make a decision to manufacture the Inventhelp Stories yourself or license the invention to a retailer or manufacturing company. If you wish to manufacture the invention yourself you may need start-up capital or investment funding. In the event you think that the beginning-up expenses are excessive consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is made, manufactured, packaged, and ready for sale.