Hobbyist and seamstress Diane developed 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 a confidentiality / Non-disclosure agreement
Should your invention is not patent pending or has not yet received a patent it is usually a good idea to possess a confidentiality / Non-disclosure agreement. Decide how much information you can make public or divulge with all the How Do I Get A Patent that you decide to work with.
#2 – Send your product or service concept to the product development and marketing company
You ought to pick the right product development company for the invention idea. Create the choice through the connections they have with big manufacturing companies or big box retailers. Foe example, if your idea is really a household item, then pick a company that has experience developing and promoting household products. You wouldn’t wish to select a company that does not have expertise in the related market of your own invention.
#3 – Report on product, advising of possible changes
Tune in to the merchandise development company’s advice, to 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 will complement a preexisting brand’s look and style.
#4 – Overview of production and marketing possibilities
This maybe where you’ll need to rely on the product development companies advice by far the most, which can be in the event you don’t already know the marketing possibilities. The marketing possibilities include who the customer, or consumer lives. Also, just how much the consumer is prepared to pay and in which 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 very costly and time consuming, ensure you know what Invention Websites will be and who will purchase your invention before obtaining a patent.
#6 – Fabrication of mock-up sample
Develop a model or prototype in 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 is put into full manufacturing production.
#7 – Showing of merchandise to key account buyers
Chose and meet up with possible buyers, such as manufacturing companies and big box retail shops. Show off the invention face-to-face whenever possible.
#8 – Gauge overall interest in product invention
Depending in the feedback and willingness to buy from your account buyers chose the appropriate manufacturing capacity. In the event 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 inside the invention decide to produce the Inventhelp Invention Prototype yourself or license the invention to a retailer or manufacturing company. If you wish to manufacture the invention yourself you may need start-up capital or investment funding. In the event you decide that the beginning-up expenses are too much consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is designed, manufactured, packaged, and ready for sale.