Hobbyist and seamstress Diane made a unique invention called Seams Sew Fast. With the help of a marketing and product development company, her product has been sold in 1000s of stores across the nation. Making Diane’s dream become a reality and now she is enjoying an exciting life as a successful inventor. Listed 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 the confidentiality / Non-disclosure agreement
Should your invention will not be patent pending or has not received a patent it is usually smart to have a confidentiality / Non-disclosure agreement. Decide how many details you can make public or divulge with the I Have An Idea For An Invention that you want to work with.
#2 – Send your product concept to the product development and marketing company
You need to choose the right product development company to your invention idea. Create the choice by the connections they have with big manufacturing companies or big box retailers. Foe example, should your idea is really a household item, then pick a company that has experience developing and promoting products in the home. You wouldn’t want to select a company that does not have experience with the related market of your invention.
#3 – Overview of product, advising of possible changes
Tune in to the merchandise development company’s advice, and make recommended changes. What you ought to listen for are changes and suggestions that will help you place your invention within a retailers existing brand family. For instance, the item development company may suggest changing or adding a feature 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, which is in the event you don’t already know the marketing possibilities. The marketing possibilities include who the client, or consumer lives. Also, how much the consumer is prepared to pay and in which the customer shops.
#5 – Investigate intellectual property protections
It is recommended to conduct researching the market before applying for provisional patents or full blown patents. Patents can be extremely expensive and time consuming, make sure you know what A New Invention is going to be and that will get your invention before trying to get a patent.
#6 – Fabrication of mock-up sample
Develop a model or prototype of the invention. A working prototype of the invention is the easiest method 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 products to key account buyers
Chose and meet with potential buyers, including manufacturing companies and big box retail stores. Show from the invention personally as far as possible.
#8 – Gauge overall interest in product invention
Depending in the feedback and willingness to get through the account buyers chose the appropriate manufacturing capacity. If the account buyers simply want to try a small test purchase first, it may be essential to start manufacturing small xqvfcq investing in expensive setup fees.
#9 – Decline / proceed with production, or negotiate royalty payments
After gauging the overall interest within the invention come to a decision to manufacture the Inventhelp Inventions Store yourself or license the invention to a retailer or manufacturing company. If you choose to manufacture the invention yourself you may need start-up capital or investment funding. Should you determine that the beginning-up expenses are too high consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is made, manufactured, packaged, and prepared for sale.