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 across the country. Making Diane’s dream becoming reality and now she is enjoying an exciting life as a successful inventor. Listed below are the 10 steps that she combined 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 will not be patent pending or has not received a patent it will always be a smart idea to have a confidentiality / Non-disclosure agreement. Decide how much information you can make public or divulge with all the Mom Inventors 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 for the invention idea. Create the choice from the connections they may have with big manufacturing companies or big box retailers. Foe example, in case your idea is a household item, then pick a company that has experience developing and promoting household products. You wouldn’t wish to pick a company that lacks experience in the related market of the invention.
#3 – Overview of 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 help you place your invention in a retailers existing brand family. For instance, the item development company may suggest changing or adding a function that could complement a preexisting 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 in the event you don’t already know the marketing possibilities. The marketing possibilities include who the client, or consumer lives. Also, exactly how much the client is ready to pay and where the customer shops.
#5 – Investigate intellectual property protections
It is recommended to conduct market research before obtaining provisional patents or full blown patents. Patents can be very costly and time-consuming, make sure you know what Inventhelp Headquarters will likely be and that will get your invention before obtaining a patent.
#6 – Fabrication of mock-up sample
Produce a model or prototype of the invention. A working prototype of an invention is the simplest way to work out any problems or functions in 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 talk with possible buyers, including manufacturing companies and large box retail shops. Show from the invention in person as much as possible.
#8 – Gauge overall interest in product invention
Depending from the feedback and willingness to get through the account buyers chose the appropriate manufacturing capacity. If the account buyers only desire to use a small test purchase first, it may be necessary to start manufacturing small xqvfcq investing in expensive setup fees.
#9 – Decline / proceed with production, or negotiate royalty payments
After gauging the overall interest in the invention make a decision to produce the Ideas Inventions yourself or license the invention to your 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 costs are excessive consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention was created, manufactured, packaged, and prepared for sale.