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 a large number of stores across the nation. Making Diane’s dream becoming reality and now she is enjoying an exciting life as a successful inventor. Here are the 10 steps that she combined with the product development company to take her sewing hobby craft product to market.
#1 – Signing of a confidentiality / Non-disclosure agreement
In case your invention is not really patent pending or has not yet received a patent it will always be smart to have a confidentiality / Non-disclosure agreement. Choose how many details you can make public or divulge with the Inventhelp Locations that you choose to work with.
#2 – Send your product or service concept towards the product development and marketing company
You ought to select the right product development company for the invention idea. Make the choice through the connections they have with big manufacturing companies or big box retail shops. Foe example, in case your idea is actually a household item, then pick a company which includes experience developing and promoting household items. You wouldn’t desire to pick a company that lacks experience with the related market of your invention.
#3 – Overview of product, advising of possible changes
Pay attention to the item development company’s advice, making recommended changes. What you need to listen for are changes and suggestions that will help you place your invention inside a retailers existing brand family. As an example, the product development company may suggest changing or adding a function that will complement a current brand’s look and style.
#4 – Review of production and marketing possibilities
This maybe where you’ll must 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 customer, or consumer lives. Also, how much the consumer is prepared to pay and where the customer shops.
#5 – Investigate intellectual property protections
It is best to conduct consumer research before applying for provisional patents or full blown patents. Patents can be very expensive and time intensive, make sure you know what Inventhelp New Products is going to be and who can get your invention before obtaining a patent.
#6 – Fabrication of mock-up sample
Create a model or prototype from the invention. A working prototype of your 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 enters into full manufacturing production.
#7 – Showing of merchandise to key account buyers
Chose and talk with potential customers, such as manufacturing companies and large box retail stores. Show from the invention in person as much as possible.
#8 – Gauge overall interest in product invention
Depending from the feedback and willingness to purchase from the account buyers chose the appropriate manufacturing capacity. When the account buyers simply want to consider using a small test purchase first, it may be required to start manufacturing small xqvfcq purchasing expensive setup fees.
#9 – Decline / proceed with production, or negotiate royalty payments
After gauging the entire interest inside the invention make a decision to manufacture the Can I Patent An Idea yourself or license the invention to your retailer or manufacturing company. If you choose to manufacture the invention yourself you may need start-up capital or investment funding. If you determine 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 on the market.