Hobbyist and seamstress Diane made a unique invention called Seams Sew Fast. Through the help of a marketing and product development company, her product has been sold in thousands of stores throughout the country. 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 the confidentiality / Non-disclosure agreement
Should your invention is not really patent pending or has not received a patent it will always be smart to use a confidentiality / Non-disclosure agreement. Decide how many details you can make public or divulge with all the Inventhelp Store that you choose to work with.
#2 – Send your product concept to the product development and marketing company
You ought to pick the right product development company for your invention idea. Make the choice by the connections they may have with big manufacturing companies or big box retailers. Foe example, in case your idea is actually a household item, then pick a company which includes experience developing and promoting household products. You wouldn’t desire to pick a company that does not have expertise in the related market of the invention.
#3 – Overview of product, advising of possible changes
Listen to the product development company’s advice, making recommended changes. What you should listen for are changes and suggestions that would help you place your invention within a retailers existing brand family. For example, the merchandise development company may suggest changing or adding a feature that will complement an existing brand’s look and style.
#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 customer, or end user lives. Also, just how much the consumer is willing to pay and where the customer shops.
#5 – Investigate intellectual property protections
It is best to conduct market research before applying for provisional patents or full blown patents. Patents can be very expensive and time intensive, be sure you know what How Do I Patent An Idea is going to be and that will get your invention before applying for a patent.
#6 – Fabrication of mock-up sample
Create a model or prototype in the invention. A working prototype of the 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 big box retail stores. Show off of the invention in person as much as possible.
#8 – Gauge overall interest in product invention
Depending in the feedback and willingness to get from the account buyers select the appropriate manufacturing capacity. If the account buyers only want to try a small test purchase first, it may be necessary to start manufacturing small xqvfcq purchasing expensive setup fees.
#9 – Decline / proceed with production, or negotiate royalty payments
After gauging the general interest inside the invention decide to produce the Patent Inventhelp yourself or license the invention to some retailer or manufacturing company. If you choose to manufacture the invention yourself you may need start-up capital or investment funding. If you decide that the start-up expenses are excessive consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is made, manufactured, packaged, and ready available for sale.