Hobbyist and seamstress Diane created a unique invention called Seams Sew Fast. With the aid 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. 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 any confidentiality / Non-disclosure agreement
In case your invention is not patent pending or has not received a patent it is always smart to possess a confidentiality / Non-disclosure agreement. Select how many details you can make public or divulge with all the Inventhelp Prototype that you decide to work with.
#2 – Send your product concept towards the product development and marketing company
You ought to choose the right product development company to your invention idea. Create the choice by the connections that they have with big manufacturing companies or big box retail stores. Foe example, should your idea is a household item, then select a company that has experience developing and promoting household items. You wouldn’t desire to pick a company that does not have experience with the related market of your own invention.
#3 – Report on product, advising of possible changes
Pay attention to the item development company’s advice, to make recommended changes. What you ought to listen for are changes and suggestions that will assist you to place your invention within a retailers existing brand family. For example, the product development company may suggest changing or adding a feature that would complement a current brand’s look and design.
#4 – Review of production and marketing possibilities
This maybe where you’ll need 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, just how much the customer is prepared to pay and where customer shops.
#5 – Investigate intellectual property protections
It is advisable to conduct market research before trying to get provisional patents or full blown patents. Patents can be extremely expensive and time intensive, make sure you know what Inventhelp Product License is going to be and who can purchase your invention before trying to get a patent.
#6 – Fabrication of mock-up sample
Create a model or prototype in the invention. A working prototype of an invention is the simplest 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 meet up with potential buyers, including manufacturing companies and large box retailers. Show off of the invention personally whenever possible.
#8 – Gauge overall interest in product invention
Depending of the feedback and willingness to buy through the account buyers select the appropriate manufacturing capacity. In the event the account buyers simply want to use 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 general interest in the invention decide to manufacture the How To File A Patent With Inventhelp yourself or license the invention to your 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 beginning-up expenses are excessive consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention was created, manufactured, packaged, and ready for sale.