So, a little light bulb within you head has lit up and you are struck with the idea that you invented something. You are uncertain yet how practical your idea is at this time, but something tells you that this might be the. Big break you were hoping to find. What you do next and how you approach your next steps is extremely important and will either lead you on to glory or will doom your undertaking. The steps that I will outline a little later might seem unnecessary; however I want to assure you that in the end you will be happy that you took my advice.
Before we proceed with all the discussion, I would like to provide a few words of wisdom. While dealing with your idea you will encounter those who will criticize your work and try to discourage you against forging ahead. A few of the Inventhelp Number is going to be deserved and must be considered. If you see that the valid point is raised which you never thought of before – the higher off you happen to be. It provides you with possibility to stop and view your idea from another perspective (or angle). However, you may also encounter a so-called destructive criticism that is certainly not based upon any facts.
Whenever you learn how to separate both of these, you may be better of. My advice for you –
– Don’t be afraid to question professionals, because most experts is one-track minded and oblivious to other things
– Don’t be afraid to challenge other people’s ideas, stand by your principles and become firm
– Don’t hesitate to discover that your particular own idea is faulty. Pause, make corrections, re-analyze and move ahead
When you find yourself prepared to market your idea, you will need to cope with large corporations. Keep in mind that the larger the company is, the more bureaucratic it really is. Many big companies lose focus and quite often hire employees who definitely are either not qualified for the job, or just not considering the things they are doing. If you discover these folks who are trying to make you feel insignificant (and your idea unimportant and impractical) don’t get discouraged with this – then chances are you will be happier working with smaller company that is more focused and prepared to take risks!
Step 1 – Stay Focused and Clearly Document Your Idea
This task has huge benefits, because –
1. You may clearly define your idea/invention
2. While documenting your idea, you may find ways on how to expand your invention
Always try to put on paper what exactly it is that you simply invented – precisely define your idea, its purpose, limitations and audience. If you cannot precisely define your idea, then because of this you ought to take a step back, re-analyze your thinking and simplify things. The most typical error that folks make at this stage has ended-complicating their idea. A fast example will clarify this point:
Case Study 1
John K. has an idea concerning how to improve Automatic Knife Mechanism. While laboring hard on his invention, John K. produces technical drawings and decides that his future product will gain benefit from the addition of extra items – a scissor and a screw driver. However, the addition of these things definitely makes the Inventhelp Patent Services larger and heavier. In order to help make knife lighter, John K. goes back for the drawing board – he compromises his original, Automatic Push/Pull mechanism design in attempt to accommodate unnecessary extra features who have nothing concerning his unique design. By taking away features from his original design, John K. makes his final design very pedestrian plus it lacks in originality.
Within the final analysis, John K. should have stopped right before creating any changes to his original Automatic Knife Mechanism and asked himself these – am I more satisfied using the original mechanism or with pedestrian mechanism that has extra features? Are the extra features even necessary?
The above mentioned example clearly illustrates these – give attention to your original idea and ignore additional, superfluous features that might muddle your vision. Additional features can come into play later, when you clearly described and shaped your invention.
Step Two Exploratory Stages – See whether your idea is unique
Once you’ve documented your idea, you should start thinking about the following – how unique is my idea? In order to answer these questions, you should carry out some legwork and hit your neighborhood library and internet. Unless you allocated a large amount of your finances to Patent Lawyers, who will perform the research for you, you will end up happier doing initial research alone. Why? Because you may discover on your exploratory searches that the design will not be unique and stay away from from paying Big Lawyer fees. A note of caution – don’t get discouraged in the event you determine that this idea similar to yours already exists and already patented. The fact that someone got to the similar conclusions when you, just a little bit earlier is good – you do have a competition! Level of competition is good, levels of competition are healthy! Carefully examine competing product, even carry it apart, if necessary. Figure out what differentiates your idea from competitor’s, its limitations and exactly how successful was another person (or a company) with marketing it. When you can see, you can actually learn from mistakes of others, avoid their mistakes and forge ahead fully aware of competition and their limitations.
Step Three – Product Safety Considerations
Whether you decided to generate a baby product or some form of household appliance, a unique care needs to be taken in describing potential hazards associated with the aid of your product. As an example, if you invented a whole new toy designed for small children, try to create a list of parts that can potentially harm your little customers. Keep in mind that numerous people, unfortunately, disregard exploitation manuals. Figure out what can or may go wrong with the operation of the product and determine ways regarding how to improve product safety. The questions that you may ask yourself are definitely the following –
1. Am I using proper materials?
2. Maybe the part that contains by far the most hazards needs to be redesigned?
Try to come up with a complete list of parts that can be potentially hazardous and correct your design before you start out marketing your product or service. You may think of this step as unnecessary, but let me warn you – most marketing companies will require you to describe all Safety features of the idea, and you might save a while by doing preparations ahead of time.
Step 4 – Demographics and Determining who can Use Your Product
Ones you have a clear picture of the product and also you resolved all nuances of product design, make an effort to determine that will use your product, when and where. Try to think about the following questions –
1. What exactly is the age bracket of target market?
2. Is my product intended for Men, Women, or Both?
3. Where and once can it be applied?
Correctly answering these questions can help you properly market your product and remain abreast of your competition. Furthermore, knowing solutions to all these questions can help you in putting finishing touches on your own product. How? If your product is designed for children, then it needs to be bright and colorful. Furthermore, if your product is designed for cold climate, you need to avoid marketing it in locations where it’s hot all year long.
It is quite likely that your item is tailored for certain industry (for example, agricultural); then think of those who will benefit the best from your invention! In case your product was created to work with specific soil or crops, then you definitely should target geographical region rich with desired characteristics. As one can see, this method requires a thorough research, planning and leg work; the rewards, on the other hand, will likely be payoff rewarding!
Step 5 – Produce Full or Small Scale Style of Your Product
It is very important to make a working model away from your idea. Why? By having a real-life type of your idea (or a scaled-down version from it), will help you –
1. Identify its limitations and gives you a chance to re-think some facets of your initial design and make necessary corrections
2. Improve your final design
As well as the previously discussed items, the ultimate model can help you psychologically. There is no better feeling then to be able to physically see and touch the development of your very own mind! Because you are touching the true-life model of one last design will give you positive psychological boost comparable to hardly any other you’ve experienced during design process, motivating you even more to be successful!
The best way to approach this method is to try and draw on some paper the last version of the product, the way you look at it at this point soon enough. Your drawings should show one last idea/product under different angles, in a 2-D and 3-D. The image might not pretty because not a lot of us have the necessary drawing skills. However, this drawing task can help you immensely solidify your design and pin-point things that you will still have to work on. Furthermore, I strongly suggest which you generate your initial product prototype from clay or any other material that is easily available. Why? Because this prototype together with initial drawing will help you explain your idea to technical individual who, consequently, will transform your design into highly technical engineering drawing.
Once you prepared your model, try to determine what materials should go in into construction of real-life product. Will your products or services be build of plaster or metal? If metal, then what kind of metal – could it be aluminum, copper or some type of alloy? Once you determined the necessary materials, estimate production cost because the price that you’ll charge to your product depends on the production price of each individual unit. You don’t have to be 100% correct at this stage with your material selections, but it’s great to know what materials goes into creation of your product or service allowing you to have a ball-park figure on the final price of your products or services.
Step 6 – Estimate Cost and Gross Profit
As soon as you determined that will make use of your product and where (or maybe your product’s market), it is time for you to think “big” – attempt to work out cost/benefit analysis of the product. Below is really a case study –
Mary A., a homemaker with three little children, created a plastic bottle holder for babies and small toddlers. Her bottle holder was designed in a way that it would hold both bottles, spoons and bottle caps. Mary A. created numerous drawings of her product and through the help of her husband managed to generate a full-scale version of How Do You Get A Patent made from clay. Before involving an engineer, Mary A. estimated that her product is going to be made entirely out of plastic. The estimated production expense of 1 bottle holder is $3.00 (we presume that this manufacturing plant is situated in China and shipping costs are already factored in into the estimated production cost). Mary A. did comparative shopping and determined that other types of Baby Holders are selling around $15 dollars. Additionally, Mary found out that three local baby stores each serve 1000 shoppers per day (including online purchases); furthermore, each stores demands a 40% commissions per each purchase – meaning that $6 pays as being a commission for the store for each $15 purchase. Mary A. immediately worked out that her total profit will be $6 per each bottle holder ($15 – $6 – $3). Presume that a person third of shoppers in each store have either babies or toddlers who still need bottle holders (approximately 330 consumers per store), Mary A. can generate profit in the quantity of 330 X 3 X 6 = $5940.
Step 7 – Product Marketing
Correct marketing strategy is absolutely necessary to the achievements of your idea. Partnering with marketing company which you can trust and rely upon pays big dividends inside the long run and must not be overlooked. What should you know about marketing companies? Most of these companies are split into two groups (I am going to give them a call groups A and B) –
1. Group A: These firms claim they may have specific knowledge and inside connections in a broad range of industries. As well as been expensive, many companies that are part of this group are accused of fraud and inventor should carefully consider who they are coping with. Inside the best case scenario, you could potentially lose all of your money and valuable time; in worst-case scenario, as well as losing money somebody else may take advantage of your invention (unless, obviously, you were fortunate enough to patent it!!)
2. Group B: These businesses give inventor complete freedom in marketing their idea. Inventors choose what you should say and concentrate on emphasize areas that they believe are most pertinent to their invention. I might like to point out IdeaJets website (www.ideajets.com):
IdeaJets is really a marketplace where individuals with ideas and corporations who search for sharp minds meet. In addition to helping you get a right partner who can enable you to realize your ideas and dreams, IdeaJets also brings inventors in contact with other ambitious people to cultivate and promote the culture of inventiveness and success. You can meet your fellow inventors using IdeaJets messaging system or even in Forums. Hopefully, by sharing ideas and opinions, users might view their inventions or ideas in a new light, refine and re-define these to further increase their chances to achieve success. At the time of right now, IdeaJets is completely free!
Conclusion and some Final Thoughts:
As you can see, it takes lots of patience, preparation and perseverance on behalf of inventor to achieve success. The most important thing is always to not get discouraged by the presence of competition and potential rejections. When I mentioned within my article, competition is good and healthy. If your competitor is going for a great success with all the product similar to what you’ve developed, then because of this the merchandise that you will be working on has great potential. Carefully examine competitor’s product and find out its weaknesses or vulnerabilities. This, needless to say, presumes which you finalized your initial design, resolved all of the kinks and produced an entire-scale (or scaled-down) version of your own product. As soon as you know enough about competitor’s product, carefully study your market and demographics – this should help you in designing marketing strategy specifically tailored towards your products or services. Placed on paper and document all your findings since you may forget some details later on and recognize that the data you painfully need is gone. In general, make an effort to incorporate your findings xqvfcq to cost, market and demographic analysis into Business Strategy and store it in a safe place! Most companies you may attempt to work or partner with will require you to produce Strategic Business Plan documentation. Without having you might force you to definitely produce Business Plan documentation almost overnight and this is not an easy task. My suggestion to you – begin working on the Business Strategy from your beginning and stay away from from having sleepless nights! Along with a final word of wisdom – don’t be scared to be over-confident, because confidence and belief in one’s own powers are a good recipe to success!