Hobbyist and seamstress Diane created 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 throughout the country. Making Diane’s dream become a 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 is not patent pending or has not yet received a patent it will always be smart to use a confidentiality / Non-disclosure agreement. Select how much information you can make public or divulge using the Inventhelp Inventions that you choose to work with.
#2 – Send your product concept for the product development and marketing company
You need to select the right product development company for the invention idea. Create the choice by the connections that they have with big manufacturing companies or big box retail shops. Foe example, should your idea is a household item, then select a company which has experience developing and promoting household products. You wouldn’t wish to choose a company that does not have experience in the related market of your invention.
#3 – Review of product, advising of possible changes
Tune in to the merchandise development company’s advice, making recommended changes. What you need to listen for are changes and suggestions that could help you place your invention within a retailers existing brand family. For instance, the product development company may suggest changing or adding a function that would complement a current brand’s look and design.
#4 – Overview of production and marketing possibilities
This maybe where you’ll have to rely on the product development companies advice probably the most, which can be if you don’t already know the marketing possibilities. The marketing possibilities include who the customer, or end user lives. Also, exactly how much the customer is ready to pay and in which the customer shops.
#5 – Investigate intellectual property protections
It is advisable to conduct consumer research before obtaining provisional patents or full blown patents. Patents can be very costly and time-consuming, ensure you know what Inventhelp Success Stories will likely be and who will purchase 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 the invention is the easiest method 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 products to key account buyers
Chose and meet with potential buyers, like manufacturing companies and big box retail stores. Show off of the invention personally as much as possible.
#8 – Gauge overall interest in product invention
Depending of the feedback and willingness to purchase from your account buyers select the appropriate manufacturing capacity. In the event the account buyers only desire to consider using 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 make a decision to manufacture the Prototype Service Inventhelp 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. In the event you determine that the beginning-up expenses are too much consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is designed, manufactured, packaged, and prepared on the market.