Hobbyist and seamstress Diane developed 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 come true 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 yet received a patent it will always be smart to use a confidentiality / Non-disclosure agreement. Select how many details you can make public or divulge with all the How To Get Something Patented With Inventhelp that you decide 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 to your invention idea. Have the choice by the connections that they have with big manufacturing companies or big box retail shops. Foe example, if your idea is really a household item, then select a company that has experience developing and promoting household products. You wouldn’t wish to select a company that lacks experience with the related market of your own invention.
#3 – Review of product, advising of possible changes
Tune in to the product development company’s advice, making recommended changes. What you need to listen for are changes and suggestions that would assist you to place your invention inside a retailers existing brand family. For example, the product development company may suggest changing or adding a characteristic that would complement a preexisting brand’s look and design.
#4 – Overview of production and marketing possibilities
This maybe where you’ll need to rely on the product development companies advice by far the most, that is in the event you don’t already know the marketing possibilities. The marketing possibilities include who the client, or consumer lives. Also, just how much the customer is willing to pay and where customer shops.
#5 – Investigate intellectual property protections
It is best to conduct consumer research before applying for provisional patents or full blown patents. Patents can be extremely expensive and time consuming, ensure you know what New Product Ideas will likely be and who will buy 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 your invention is the simplest way to work out any problems or functions from the idea. Most problems will surface while creating the prototype and save a lot of cash before the invention is put into full manufacturing production.
#7 – Showing of merchandise to key account buyers
Chose and meet up with potential customers, such as manufacturing companies and big box retailers. Show off of the invention face-to-face whenever possible.
#8 – Gauge overall interest in product invention
Depending from the feedback and willingness to purchase from your account buyers chose the appropriate manufacturing capacity. If the account buyers only desire to try a small test purchase first, it may be essential 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 within the invention decide to manufacture the Make My Invention Prototype 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 decide that the beginning-up expenses are too much consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is made, manufactured, packaged, and ready for sale.