Hobbyist and seamstress Diane developed 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 throughout the country. 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 used with the product development company to take her sewing hobby craft product to market.
#1 – Signing of a confidentiality / Non-disclosure agreement
If your invention is not really patent pending or has not yet received a patent it will always be smart to use a confidentiality / Non-disclosure agreement. Decide how much information you can make public or divulge with all the Inventhelp New Inventions that you decide to work with.
#2 – Send your product concept to the product development and marketing company
You ought to choose the right product development company for the invention idea. Have the choice by the connections they may have with big manufacturing companies or big box retail stores. Foe example, in case your idea is a household item, then select a company which has experience developing and promoting household products. You wouldn’t desire to choose a company that lacks experience in the related market of your invention.
#3 – Review of product, advising of possible changes
Pay attention to the item development company’s advice, to make recommended changes. What you should listen for are changes and suggestions that will 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 will complement an existing brand’s look and style.
#4 – Review of production and marketing possibilities
This maybe where you’ll need to rely on the product development companies advice probably the most, which can be should 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 best to conduct market research before applying for provisional patents or full blown patents. Patents can be extremely expensive and time-consuming, be sure you know what How To Patent Ideas will likely be and that will get your invention before obtaining a patent.
#6 – Fabrication of mock-up sample
Create a model or prototype of the invention. A working prototype of the 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 cash before the invention is put into full manufacturing production.
#7 – Showing of merchandise to key account buyers
Chose and meet with possible buyers, such as manufacturing companies and large box retail shops. Show off the invention face-to-face as much as possible.
#8 – Gauge overall interest in product invention
Depending of the feedback and willingness to buy from the account buyers select the appropriate manufacturing capacity. If the account buyers only want to use a small test purchase first, it may be necessary to start manufacturing small xqvfcq making an investment in expensive setup fees.
#9 – Decline / proceed with production, or negotiate royalty payments
After gauging the entire interest inside the invention decide to manufacture the Inventhelp Inventor yourself or license the invention to some 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 determine that the start-up costs are too high consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is designed, manufactured, packaged, and prepared for sale.