Hobbyist and seamstress Diane developed a unique invention called Seams Sew Fast. With the help of a marketing and product development company, her product has been sold in 1000s of stores throughout the country. Making Diane’s dream becoming 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
Should your invention will not be patent pending or has not received a patent it is always a good idea to have a confidentiality / Non-disclosure agreement. Decide how much information you can make public or divulge using the Inventhelp Office that you decide to work with.
#2 – Send your products or services concept to the product development and marketing company
You need to pick the right product development company to your invention idea. Make the choice by the connections they may have with big manufacturing companies or big box retailers. Foe example, should your idea is actually a household item, then choose a company that has experience developing and promoting products in the home. You wouldn’t want to select a company that lacks experience in the related market of the invention.
#3 – Report on product, advising of possible changes
Tune in to the product development company’s advice, and make recommended changes. What you should listen for are changes and suggestions that will assist you to place your invention inside a retailers existing brand family. As an example, the merchandise development company may suggest changing or adding a function that could complement a preexisting brand’s look and elegance.
#4 – Overview of production and marketing possibilities
This maybe where you’ll must rely on the product development companies advice probably the most, that is should you don’t already know the marketing possibilities. The marketing possibilities include who the consumer, or end user lives. Also, exactly how much the client is prepared to pay and where customer shops.
#5 – Investigate intellectual property protections
It is best to conduct researching the market before trying to get provisional patents or full blown patents. Patents can be extremely expensive and time intensive, make sure you know what Inventions Ideas is going to be and that will buy your invention before obtaining a patent.
#6 – Fabrication of mock-up sample
Develop a model or prototype in 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 money before the invention goes into full manufacturing production.
#7 – Showing of items to key account buyers
Chose and meet up with potential buyers, including manufacturing companies and large box retail stores. Show off 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 select the appropriate manufacturing capacity. When the account buyers simply want to consider using a small test purchase first, it may be necessary to start manufacturing small xqvfcq purchasing expensive setup fees.
#9 – Decline / proceed with production, or negotiate royalty payments
After gauging the overall interest in the invention decide to manufacture the How To Obtain A Patent 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. If you decide that the start-up costs are too much consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is designed, manufactured, packaged, and ready on the market.