Hobbyist and seamstress Diane developed a unique invention called Seams Sew Fast. Through the help of a marketing and product development company, her product has been sold in thousands of stores across the country. Making Diane’s dream becoming reality and now she is enjoying an exciting life as a successful inventor. Here are the 10 steps that she combined with the product development company to take her sewing hobby craft product to market.
#1 – Signing of a confidentiality / Non-disclosure agreement
Should your invention is not patent pending or has not received a patent it is always smart to have a confidentiality / Non-disclosure agreement. Choose how much information you can make public or divulge with the Make A New Invention that you want to work with.
#2 – Send your product or service concept towards the product development and marketing company
You need to pick the right product development company for the invention idea. Have the choice through the connections they may have with big manufacturing companies or big box retailers. Foe example, if your idea is actually a household item, then choose a company which includes experience developing and promoting household items. You wouldn’t want to pick a company that lacks expertise in the related market of your invention.
#3 – Review of product, advising of possible changes
Tune in to the merchandise development company’s advice, making recommended changes. What you should listen for are changes and suggestions that could assist you to place your invention within a retailers existing brand family. For example, the item development company may suggest changing or adding a characteristic that could complement a preexisting brand’s look and elegance.
#4 – Overview of production and marketing possibilities
This maybe where you’ll must rely on the product development companies advice by far the most, which is should you don’t already know the marketing possibilities. The marketing possibilities include who the client, or end user lives. Also, exactly how much the customer is willing to pay and in which the customer shops.
#5 – Investigate intellectual property protections
It is recommended to conduct consumer research before trying to get provisional patents or full blown patents. Patents can be extremely expensive and time consuming, be sure you know what How To Do A Patent Search With Inventhelp will be and who will buy your invention before trying to get a patent.
#6 – Fabrication of mock-up sample
Produce a model or prototype of the invention. A working prototype of your invention is the easiest method to work out any problems or functions from the idea. Most problems will surface while creating the prototype and save lots of money before the invention goes into full manufacturing production.
#7 – Showing of items to key account buyers
Chose and talk with potential buyers, including manufacturing companies and big box retail shops. Show off the invention in person as far as possible.
#8 – Gauge overall interest in product invention
Depending of the feedback and willingness to get from the account buyers select the appropriate manufacturing capacity. When the account buyers only 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 overall interest in the invention decide to produce the Inventhelp Invention Service yourself or license the invention to some retailer or manufacturing company. If you choose to manufacture the invention yourself you may need start-up capital or investment funding. If you think that the start-up pricing is too high consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention was created, manufactured, packaged, and prepared available for sale.