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 throughout the country. Making Diane’s dream come true and now she is enjoying an exciting life as a successful inventor. 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 the confidentiality / Non-disclosure agreement
Should your invention is not really patent pending or has not yet received a patent it is always a smart idea to use a confidentiality / Non-disclosure agreement. Decide how much information you can make public or divulge using the How To Get A Prototype Made With Inventhelp that you decide to work with.
#2 – Send your product or service concept for the product development and marketing company
You should pick the right product development company for your invention idea. Have the choice from the connections that they have with big manufacturing companies or big box retailers. Foe example, if your idea is a household item, then pick a company which includes experience developing and promoting products in the home. You wouldn’t desire to pick a company that lacks expertise in the related market of your own invention.
#3 – Review of product, advising of possible changes
Pay attention to the item development company’s advice, and make recommended changes. What you should listen for are changes and suggestions that could assist you to place your invention in a retailers existing brand family. For example, the item development company may suggest changing or adding a characteristic that will complement an existing brand’s look and design.
#4 – Report on production and marketing possibilities
This maybe where you’ll have to rely on the product development companies advice probably the most, that is in the event you don’t already know the marketing possibilities. The marketing possibilities include who the consumer, or end user lives. Also, exactly how much the consumer is willing to pay and where customer shops.
#5 – Investigate intellectual property protections
It is recommended to conduct researching the market before trying to get provisional patents or full blown patents. Patents can be extremely expensive and time-consuming, be sure you know what Patent Helper will likely be and who will buy your invention before applying for a patent.
#6 – Fabrication of mock-up sample
Create a model or prototype of the invention. A working prototype of your 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 a lot of money before the invention is put into full manufacturing production.
#7 – Showing of merchandise to key account buyers
Chose and talk with potential buyers, like manufacturing companies and large box retailers. Show off the invention personally as far as possible.
#8 – Gauge overall interest in product invention
Depending from the feedback and willingness to buy through the account buyers select the appropriate manufacturing capacity. If the account buyers only desire to try a small test purchase first, it may be essential to start manufacturing small xqvfcq purchasing expensive setup fees.
#9 – Decline / proceed with production, or negotiate royalty payments
After gauging the general interest in the invention come to a decision to produce the Idea Patent yourself or license the invention to a retailer or manufacturing company. If you decide to manufacture the invention yourself you may need start-up capital or investment funding. If you determine that the start-up expenses are excessive consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention was created, manufactured, packaged, and ready available for sale.