Hobbyist and seamstress Diane created a unique invention called Seams Sew Fast. Through the help of a marketing and product development company, her product has been sold in thousands of stores across the country. Making Diane’s dream come true 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 any 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 possess a confidentiality / Non-disclosure agreement. Choose how many details you can make public or divulge with the Inventhelp Inventions Store that you choose to work with.
#2 – Send your products or services concept for the product development and marketing company
You should select the right product development company for your invention idea. Make the choice through the connections they may have with big manufacturing companies or big box retailers. Foe example, if your idea is actually a household item, then choose a company which has experience developing and promoting products in the home. You wouldn’t want to select a company that does not have experience in the related market of your invention.
#3 – Review of product, advising of possible changes
Listen to the merchandise development company’s advice, and make recommended changes. What you ought to listen for are changes and suggestions that would help you place your invention within a retailers existing brand family. For instance, the product development company may suggest changing or adding a feature that would complement a preexisting brand’s look and elegance.
#4 – Review of production and marketing possibilities
This maybe where you’ll need to rely on the product development companies advice the most, that is if you don’t already know the marketing possibilities. The marketing possibilities include who the consumer, or consumer lives. Also, how much the client is ready to pay and where customer shops.
#5 – Investigate intellectual property protections
It is advisable to conduct researching the market before trying to get provisional patents or full blown patents. Patents can be extremely expensive and time consuming, be sure you know what Inventions Ideas will likely be and who will purchase your invention before obtaining a patent.
#6 – Fabrication of mock-up sample
Develop a model or prototype from the invention. A working prototype of an invention is the easiest method to work out any problems or functions of the idea. Most problems will surface while creating the prototype and save a lot of money before the invention goes into full manufacturing production.
#7 – Showing of products to key account buyers
Chose and meet with potential buyers, like manufacturing companies and large box retail stores. Show from the invention face-to-face as far as 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 want to use 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 general interest inside the invention decide to manufacture the New Invention 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. Should you think that the start-up pricing is excessive consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is designed, manufactured, packaged, and ready for sale.