Hobbyist and seamstress Diane created a unique invention called Seams Sew Fast. Through the help of a marketing and product development company, her product has been sold in 1000s of stores across the country. Making Diane’s dream become a reality 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 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. Select how much information you can make public or divulge using the How Do You Get A Patent that you choose to work with.
#2 – Send your products or services concept to the product development and marketing company
You need to select the right product development company for your invention idea. Create the choice by the connections that they have with big manufacturing companies or big box retail shops. Foe example, in case your idea is really a household item, then select a company which has experience developing and promoting household items. You wouldn’t wish to choose a company that lacks expertise in the related market of your invention.
#3 – Review of product, advising of possible changes
Listen to the item development company’s advice, to make recommended changes. What you need to listen for are changes and suggestions that would assist you to place your invention in a retailers existing brand family. For example, the product development company may suggest changing or adding a characteristic that will complement a preexisting brand’s look and elegance.
#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, how much the client is prepared to pay and in which the 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, be sure you know what Inventhelp Phone Number will be and that will buy your invention before applying for a patent.
#6 – Fabrication of mock-up sample
Produce a model or prototype from the invention. A working prototype of your invention is the simplest way 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 goes into full manufacturing production.
#7 – Showing of products to key account buyers
Chose and talk with possible buyers, such as manufacturing companies and large box retailers. Show from the invention personally as far as possible.
#8 – Gauge overall interest in product invention
Depending in the feedback and willingness to purchase from your account buyers chose the appropriate manufacturing capacity. In the event the account buyers simply want 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 overall interest in the invention come to a decision to produce the Inventhelp Store yourself or license the invention to some retailer or manufacturing company. If you decide to manufacture the invention yourself you may need start-up capital or investment funding. In the event you think that the start-up costs are too much consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is made, manufactured, packaged, and ready available for sale.