Hobbyist and seamstress Diane made a unique invention called Seams Sew Fast. With 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 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 any confidentiality / Non-disclosure agreement
In case your invention will not be patent pending or has not received a patent it will always be smart to possess a confidentiality / Non-disclosure agreement. Choose how much information you can make public or divulge with the Inventhelp Invention Prototypes 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 from the connections that they have with big manufacturing companies or big box retail shops. Foe example, if your idea is a household item, then select a company that has experience developing and promoting products in the home. You wouldn’t desire to select a company that lacks experience in the related market of the invention.
#3 – Overview of product, advising of possible changes
Listen to the merchandise development company’s advice, to make recommended changes. What you should listen for are changes and suggestions that could enable you to place your invention in a retailers existing brand family. For example, the merchandise 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 have to rely on the product development companies advice by far the most, that is should you don’t already know the marketing possibilities. The marketing possibilities include who the consumer, or consumer lives. Also, how much the customer is willing to pay and in which the customer shops.
#5 – Investigate intellectual property protections
It is recommended to conduct researching the market before obtaining provisional patents or full blown patents. Patents can be extremely expensive and time consuming, make sure you know what How To Get Help With An Invention will be and who will buy your invention before obtaining a patent.
#6 – Fabrication of mock-up sample
Produce a model or prototype in the invention. A working prototype of the invention is the best way to work out any problems or functions of 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 potential customers, such as manufacturing companies and large box retail stores. Show off of the invention personally as far as possible.
#8 – Gauge overall interest in product invention
Depending of the feedback and willingness to purchase from the account buyers chose the appropriate manufacturing capacity. In the event the account buyers only desire to consider using 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 entire interest inside the invention decide to produce the Invent Help Inventors 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. If you think that the start-up expenses are excessive consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is made, manufactured, packaged, and prepared available for sale.