Hobbyist and seamstress Diane made a unique invention called Seams Sew Fast. With the aid of a marketing and product development company, her product has been sold in a large number 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 below 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 is not patent pending or has not yet received a patent it is always a smart idea to possess a confidentiality / Non-disclosure agreement. Choose how many details you can make public or divulge with the Inventhelp Inventions that you choose to work with.
#2 – Send your products or services concept to the product development and marketing company
You should select the right product development company for the invention idea. Have the choice through the connections they have with big manufacturing companies or big box retail shops. Foe example, should your idea is really a household item, then select a company which has experience developing and promoting household products. You wouldn’t want to select a company that does not have experience with the related market of your invention.
#3 – Review of product, advising of possible changes
Listen to the product development company’s advice, making recommended changes. What you ought to listen for are changes and suggestions that will enable you to place your invention within a retailers existing brand family. As an example, the product development company may suggest changing or adding a feature that will complement an existing brand’s look and design.
#4 – Overview of production and marketing possibilities
This maybe where you’ll must rely on the product development companies advice the most, that is in the event you don’t already know the marketing possibilities. The marketing possibilities include who the client, or end user lives. Also, how much the customer is prepared 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, be sure you know what Patent My Idea will likely be and who will purchase your invention before trying to get a patent.
#6 – Fabrication of mock-up sample
Develop a model or prototype in the invention. A working prototype of an 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 lots of money before the invention enters into full manufacturing production.
#7 – Showing of items to key account buyers
Chose and talk with possible buyers, including 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 buy from your account buyers chose the appropriate manufacturing capacity. If the account buyers only desire to use a small test purchase first, it may be necessary to start manufacturing small xqvfcq purchasing expensive setup fees.
#9 – Decline / proceed with production, or negotiate royalty payments
After gauging the general interest inside the invention come to a decision to manufacture the How To Patent An Idea Or Product yourself or license the invention to some retailer or manufacturing company. If you wish to manufacture the invention yourself you may need start-up capital or investment funding. If you decide that the start-up costs are too high consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention was created, manufactured, packaged, and prepared available for sale.