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. Here are the 10 steps that she combined with the product development company to take her sewing hobby craft product to market.
#1 – Signing of the confidentiality / Non-disclosure agreement
In case your invention is not really patent pending or has not received a patent it is usually a good idea to have a confidentiality / Non-disclosure agreement. Choose how many details you can make public or divulge using the Inventhelp Number that you choose to work with.
#2 – Send your product concept towards the product development and marketing company
You should pick the right product development company for the invention idea. Make the choice from the connections that they have with big manufacturing companies or big box retailers. Foe example, if your idea is really a household item, then select a company which has experience developing and promoting products in the home. You wouldn’t want to pick a company that lacks expertise in the related market of your invention.
#3 – Overview of product, advising of possible changes
Pay attention to the merchandise development company’s advice, making recommended changes. What you ought to listen for are changes and suggestions that would enable you to place your invention in a retailers existing brand family. As an example, the item development company may suggest changing or adding a characteristic that would complement a preexisting brand’s look and elegance.
#4 – Overview of production and marketing possibilities
This maybe where you’ll must rely on the product development companies advice by far the most, that is if you don’t already know the marketing possibilities. The marketing possibilities include who the client, or end user lives. Also, how much the customer is ready to pay and where 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 intensive, ensure you know what How To Submit A Patent is going to be and who will get your invention before obtaining a patent.
#6 – Fabrication of mock-up sample
Develop a model or prototype in the invention. A working prototype of your invention is the easiest method 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 large box retail shops. Show from the invention in person as much as possible.
#8 – Gauge overall interest in product invention
Depending of the feedback and willingness to buy from the account buyers select the appropriate manufacturing capacity. In the event the account buyers only 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 entire interest inside the invention come to a decision to produce the How To Patent An Idea 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 decide that the start-up costs are excessive consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is made, manufactured, packaged, and ready on the market.