Hobbyist and seamstress Diane created a unique invention called Seams Sew Fast. Through the help of a marketing and product development company, her product has been sold in a large number 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 the confidentiality / Non-disclosure agreement
Should your invention is not really patent pending or has not yet received a patent it will always be a smart idea to use a confidentiality / Non-disclosure agreement. Select how much information you can make public or divulge with the Inventhelp Number that you want to work with.
#2 – Send your product concept to the product development and marketing company
You need to pick the right product development company for 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 a household item, then choose a company which has experience developing and promoting household items. You wouldn’t want to select a company that lacks experience in the related market of the invention.
#3 – Overview of product, advising of possible changes
Pay attention to the product development company’s advice, making recommended changes. What you should listen for are changes and suggestions that could enable you to place your invention in a retailers existing brand family. As an example, the merchandise development company may suggest changing or adding a feature that could complement an existing brand’s look and design.
#4 – Review of production and marketing possibilities
This maybe where you’ll must rely on the product development companies advice by far the most, which is in the event you don’t already know the marketing possibilities. The marketing possibilities include who the consumer, or end user lives. Also, how much the consumer is prepared to pay and in which the customer shops.
#5 – Investigate intellectual property protections
It is advisable to conduct researching the market before applying for provisional patents or full blown patents. Patents can be very expensive and time intensive, be sure you know what Patent Inventhelp will likely be and who can purchase your invention before applying for a patent.
#6 – Fabrication of mock-up sample
Produce a model or prototype from the invention. A working prototype of an invention is the simplest way to work out any problems or functions from 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 products to key account buyers
Chose and meet with possible buyers, like manufacturing companies and big box retail shops. Show off of the invention personally as much as possible.
#8 – Gauge overall interest in product invention
Depending from the feedback and willingness to purchase through the account buyers select the appropriate manufacturing capacity. In the event the account buyers simply want to use a small test purchase first, it may be required to start manufacturing small xqvfcq purchasing expensive setup fees.
#9 – Decline / proceed with production, or negotiate royalty payments
After gauging the entire interest within the invention make a decision to produce the Inventhelp Invention Stories yourself or license the invention to your retailer or manufacturing company. If you decide to manufacture the invention yourself you may need start-up capital or investment funding. If you determine that the beginning-up pricing is excessive consider licensing the invention and negotiating royalty payments.
#10 – Product launch
Your invention was created, manufactured, packaged, and ready for sale.