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 throughout the country. Making Diane’s dream becoming reality and now she is enjoying an exciting life as a successful inventor. Listed 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 is not really patent pending or has not yet received a patent it is always a good idea to use a confidentiality / Non-disclosure agreement. Decide how much information you can make public or divulge with all the Inventhelp Successful Inventions that you choose to work with.
#2 – Send your product or service concept to the product development and marketing company
You should 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 retail shops. Foe example, if your idea is a household item, then select a company which includes experience developing and promoting products in the home. You wouldn’t desire to pick a company that lacks experience with the related market of the invention.
#3 – Report on 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 would enable you to place your invention in a retailers existing brand family. For instance, the product development company may suggest changing or adding a function that could complement a preexisting brand’s look and elegance.
#4 – Review of production and marketing possibilities
This maybe where you’ll have 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 client, or end user lives. Also, just how much the consumer is prepared to pay and where the customer shops.
#5 – Investigate intellectual property protections
It is advisable to conduct consumer research before applying for provisional patents or full blown patents. Patents can be very expensive and time consuming, be sure you know what Inventhelp Invention Prototype will be and who can get your invention before trying to get a patent.
#6 – Fabrication of mock-up sample
Create a model or prototype of the invention. A working prototype of the invention is the best 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 goes into full manufacturing production.
#7 – Showing of products to key account buyers
Chose and meet up with possible buyers, such as manufacturing companies and large box retailers. Show from the invention face-to-face whenever possible.
#8 – Gauge overall interest in product invention
Depending in the feedback and willingness to buy from the account buyers chose the appropriate manufacturing capacity. When the account buyers simply 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 general interest within the invention decide to manufacture the Inventors Help yourself or license the invention to a retailer or manufacturing company. If you decide to manufacture the invention yourself you may need start-up capital or investment funding. In the event you decide that the beginning-up pricing is too much consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is made, manufactured, packaged, and prepared on the market.