Hobbyist and seamstress Diane developed a unique invention called Seams Sew Fast. With the aid of a marketing and product development company, her product has been sold in thousands of stores across the nation. Making Diane’s dream becoming reality and now she is enjoying an exciting life as a successful inventor. Listed 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
If your invention is not really patent pending or has not received a patent it is always a smart idea to use a confidentiality / Non-disclosure agreement. Decide how many details you can make public or divulge using the Inventhelp Office that you choose to work with.
#2 – Send your products or services concept to the product development and marketing company
You should select the right product development company for the invention idea. Have the choice through the connections they have with big manufacturing companies or big box retail shops. Foe example, should your idea is really a household item, then pick a company which has experience developing and promoting household items. You wouldn’t wish to select a company that lacks experience in the related market of your invention.
#3 – Review of product, advising of possible changes
Pay attention to the item development company’s advice, to make recommended changes. What you need to listen for are changes and suggestions that will help you place your invention within a retailers existing brand family. As an example, the merchandise development company may suggest changing or adding a function that would complement a current brand’s look and style.
#4 – Overview of production and marketing possibilities
This maybe where you’ll have to rely on the product development companies advice by far the most, which is should you don’t already know the marketing possibilities. The marketing possibilities include who the customer, or consumer lives. Also, exactly how much the client is prepared to pay and where the customer shops.
#5 – Investigate intellectual property protections
It is recommended to conduct researching the market before obtaining provisional patents or full blown patents. Patents can be extremely expensive and time consuming, ensure you know what Inventhelp Success will likely be and who can buy 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 your invention is the best way to work out any problems or functions from the idea. Most problems will surface while creating the prototype and save lots of money before the invention goes into full manufacturing production.
#7 – Showing of merchandise to key account buyers
Chose and meet with potential buyers, like manufacturing companies and big box retailers. Show from the invention in person as far as possible.
#8 – Gauge overall interest in product invention
Depending from the feedback and willingness to get from your account buyers chose the appropriate manufacturing capacity. If the account buyers simply want to use a small test purchase first, it may be required to start manufacturing small xqvfcq investing in expensive setup fees.
#9 – Decline / proceed with production, or negotiate royalty payments
After gauging the overall interest inside the invention make a decision to produce the Inventhelp Inventor Service yourself or license the invention to a retailer or manufacturing company. If you wish to manufacture the invention yourself you may need start-up capital or investment funding. In the event you decide that the beginning-up pricing is excessive consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is designed, manufactured, packaged, and ready available for sale.