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 1000s of stores across the country. Making Diane’s dream come true 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
Should your invention is not really patent pending or has not yet received a patent it is always smart to have a confidentiality / Non-disclosure agreement. Decide how many details you can make public or divulge with all the Can You Patent An Idea that you choose to work with.
#2 – Send your product or service concept towards the product development and marketing company
You should pick the right product development company to your invention idea. Have the choice from the connections that they have with big manufacturing companies or big box retail stores. Foe example, should your idea is really a household item, then pick a company which includes experience developing and promoting household items. You wouldn’t want to choose a company that lacks experience in the related market of the invention.
#3 – Report on product, advising of possible changes
Pay attention to the item development company’s advice, making recommended changes. What you should listen for are changes and suggestions that could help you place your invention inside a retailers existing brand family. As an example, the merchandise development company may suggest changing or adding a feature that will complement an existing brand’s look and elegance.
#4 – Report on production and marketing possibilities
This maybe where you’ll have to rely on the product development companies advice probably the most, that is in the event 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 ready to pay and where the customer shops.
#5 – Investigate intellectual property protections
It is recommended to conduct researching the market before applying for provisional patents or full blown patents. Patents can be extremely expensive and time consuming, ensure you know what Invention Websites is going to be and who can buy your invention before applying for a patent.
#6 – Fabrication of mock-up sample
Develop a model or prototype in the invention. A working prototype of an invention is the best way to work out any problems or functions in the idea. Most problems will surface while creating the prototype and save a lot of cash before the invention enters into full manufacturing production.
#7 – Showing of items to key account buyers
Chose and meet with potential customers, such as manufacturing companies and big box retail stores. Show from the invention personally as much as possible.
#8 – Gauge overall interest in product invention
Depending from the feedback and willingness to buy from your account buyers chose the appropriate manufacturing capacity. If the account buyers simply want to try a small test purchase first, it may be essential to start manufacturing small xqvfcq investing in expensive setup fees.
#9 – Decline / proceed with production, or negotiate royalty payments
After gauging the entire interest in the invention come to a decision to produce the Inventhelp Patent Referral Services 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. Should you determine that the beginning-up costs are too much consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is made, manufactured, packaged, and prepared on the market.