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 1000s of stores across the nation. 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 any confidentiality / Non-disclosure agreement
If your invention will not be patent pending or has not received a patent it will always be smart to use a confidentiality / Non-disclosure agreement. Decide how much information you can make public or divulge with the Inventhelp Headquarters that you want to work with.
#2 – Send your products or services concept for the product development and marketing company
You ought to select the right product development company to your invention idea. Have the choice through the connections that they have with big manufacturing companies or big box retail shops. Foe example, should your idea is a household item, then pick a company that has experience developing and promoting household items. You wouldn’t wish to pick a company that does not have experience in the related market of the invention.
#3 – Report on product, advising of possible changes
Listen to the merchandise development company’s advice, making recommended changes. What you need to listen for are changes and suggestions that could assist you to place your invention within a retailers existing brand family. As an example, the merchandise development company may suggest changing or adding a characteristic that could complement a current 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 by far the most, which is if you don’t already know the marketing possibilities. The marketing possibilities include who the client, or consumer lives. Also, how much the consumer is prepared to pay and where the customer shops.
#5 – Investigate intellectual property protections
It is advisable to conduct market research before applying for provisional patents or full blown patents. Patents can be very costly and time-consuming, be sure you know what Invent Help Patent Invention is going to be and who can purchase your invention before applying for a patent.
#6 – Fabrication of mock-up sample
Create a model or prototype of the invention. A working prototype of the invention is the simplest way to work out any problems or functions of the idea. Most problems will surface while creating the prototype and save lots of money before the invention is put into full manufacturing production.
#7 – Showing of merchandise to key account buyers
Chose and meet up with potential buyers, such as manufacturing companies and big box retail shops. Show off of the invention in person as much as possible.
#8 – Gauge overall interest in product invention
Depending of the feedback and willingness to buy through the account buyers select the appropriate manufacturing capacity. When the account buyers simply want to use 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 overall interest in the invention come to a decision to produce the Vibe Inventhelp yourself or license the invention to some retailer or manufacturing company. If you wish to manufacture the invention yourself you may need start-up capital or investment funding. Should you think that the beginning-up costs are excessive consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention is made, manufactured, packaged, and ready available for sale.