Hobbyist and seamstress Diane created a unique invention called Seams Sew Fast. With the aid 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. 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
Should your invention will not be patent pending or has not received a patent it is always a smart idea to have a confidentiality / Non-disclosure agreement. Choose how many details you can make public or divulge with all the Invention Help 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 for your invention idea. Have the choice from the connections they may have with big manufacturing companies or big box retailers. Foe example, should your idea is actually a household item, then pick a company which has experience developing and promoting household products. You wouldn’t want to choose a company that lacks expertise in the related market of your invention.
#3 – Report on product, advising of possible changes
Pay attention to the merchandise development company’s advice, and make recommended changes. What you need to listen for are changes and suggestions that would assist you to place your invention in a retailers existing brand family. For instance, the item development company may suggest changing or adding a function that would complement a current brand’s look and elegance.
#4 – Report on production and marketing possibilities
This maybe where you’ll need to rely on the product development companies advice probably the most, that is if 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 market research before trying to get provisional patents or full blown patents. Patents can be very costly and time consuming, ensure you know what How To Get A Patent With Inventhelp will be and who can get your invention before applying for a patent.
#6 – Fabrication of mock-up sample
Create a model or prototype in 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 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 buyers, like manufacturing companies and big box retail stores. Show from the invention personally as far as possible.
#8 – Gauge overall interest in product invention
Depending of the feedback and willingness to buy from your account buyers chose the appropriate manufacturing capacity. In the event the account buyers only want to try a small test purchase first, it may be essential to start manufacturing small xqvfcq purchasing expensive setup fees.
#9 – Decline / proceed with production, or negotiate royalty payments
After gauging the entire interest in the invention come to a decision to produce the Inventhelp Inventions Store yourself or license the invention to your retailer or manufacturing company. If you wish to manufacture the invention yourself you may need start-up capital or investment funding. Should you think that the beginning-up pricing is too high consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is made, manufactured, packaged, and ready for sale.