So, a little light bulb within you head has lit up and you are struck with the notion that you invented something. You are unsure yet how practical your idea is at this time, but something tells you that this might be the. Big break you were looking for. 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 personally like to provide a few words of wisdom. While caring for your idea you will encounter people who will criticize your work and try to discourage you against forging ahead. A number of the How To Make An Invention Prototype With Inventhelp will be deserved and must be considered. If you see that the valid point is raised that you never imagined of before – the greater off you are. It gives you opportunity 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 according to any facts.
Whenever you figure out how to separate these two, you will be better of. My advice for you –
– Don’t hesitate to question professionals, since most experts is one-track minded and oblivious to other things
– Don’t be afraid to challenge other people’s ideas, uphold your principles and stay firm
– Don’t hesitate to learn that your own idea is faulty. Pause, make corrections, re-analyze and move ahead
When you find yourself prepared to promote your idea, you should cope with large corporations. Stay in mind that the bigger the company is, the better bureaucratic it really is. Many big companies lose focus and often hire employees who definitely are either not qualified to do the job, or just not thinking about the things they are going to do. If you locate these people that are trying to make you feel insignificant (and your idea unimportant and impractical) don’t get discouraged from this – then you is going to be more satisfied coping with smaller company which is more focused and willing to take risks!
Step One – Stay Focused and Clearly Document Your Idea
This method has huge benefits, because –
1. You will clearly define your idea/invention
2. While documenting your idea, you may find ways concerning how to expand your invention
Always try to use paper what exactly it is that you simply invented – precisely define your idea, its purpose, limitations and audience. If you fail to precisely define your idea, then this means that you ought to require a step back, re-analyze your thinking and simplify things. The most common error that individuals make at this time has ended-complicating their idea. A quick example will clarify this point:
Case Study 1
John K. has an idea regarding 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 along with a screw driver. However, incorporating these things makes the How To Get A Patent larger and heavier. In order to create knife lighter, John K. goes back towards the drawing board – he compromises his original, Automatic Push/Pull mechanism design in make an effort to accommodate unnecessary extra features who have nothing to do with his unique design. If you take away features from his original design, John K. makes his final design very pedestrian and it lacks in originality.
In the final analysis, John K. needs to have stopped right before creating any changes to his original Automatic Knife Mechanism and asked himself the subsequent – am I happier using the original mechanism or with pedestrian mechanism which includes extra features? Are definitely the extra features even necessary?
The above example clearly illustrates the following – focus on your original idea and ignore additional, superfluous features that might muddle your vision. Additional features can come into play later, once you clearly described and shaped your invention.
Step Two Exploratory Stages – Determine if 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 will have to perform some legwork and hit the local library and internet. Unless you allocated a lot of your financial budget to Patent Lawyers, who can perform the research for you personally, you may be better off doing initial research on your own. Why? Since you may discover on your exploratory searches that your design is not unique and save from paying Big Lawyer fees. A note of caution – don’t get discouraged should you determine that this idea much like yours already exists and already patented. The fact that someone got to the similar conclusions as you, just just a little bit earlier is nice – you have a competition! Competition is good, competition is healthy! Carefully examine competing product, even take it apart, if necessary. Determine what differentiates your idea from competitor’s, its limitations and just how successful was another individual (or perhaps a company) with marketing it. While you can see, you can actually gain knowledge from mistakes of others, avoid their mistakes and forge ahead fully aware of competition and their limitations.
Step Three – Product Safety Considerations
Whether you opted to make a baby product or some type of household appliance, a special care should be consumed in describing potential hazards associated with the use of your product or service. For example, if you invented a new toy intended for young children, try to generate the list of parts that can potentially harm your little customers. Keep in mind that numerous people, unfortunately, disregard exploitation manuals. Determine what can or may fail with all the operation of your product and figure out ways on how to improve product safety. The questions which you may ask yourself are definitely the following –
1. Am I using proper materials?
2. Maybe the part that contains probably the most hazards needs to be redesigned?
Try to come up with a complete listing of parts that can be potentially hazardous and fix your design before you start out marketing your products or services. You may think of this step as unnecessary, but let me warn you – most marketing companies will need you to describe all Safety features of your own idea, and you also might save a bit of time by doing preparations ahead of time.
Step 4 – Demographics and Determining that will Make Use Of Your Product
Ones you have a clear picture of your product and you also figured out all nuances of product design, attempt to determine who can make use of your product, when and where. Attempt to ask yourself these questions –
1. What is the age bracket of target audience?
2. Is my product designed for Men, Women, or Both?
3. Where and when can it be utilized?
Correctly answering these questions will help you properly advertise your product and remain up to date with your competition. Furthermore, knowing solutions to the aforementioned questions can help you in putting finishing touches on the product. How? Should your product is made for children, then it should be bright and colorful. Additionally, should your product is made for cold climate, you need to avoid marketing it in places that it’s hot all year long.
It is quite likely that your item is tailored for certain industry (for instance, agricultural); then think of those who may benefit the most 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 you can see, this method requires a thorough research, planning and leg work; the rewards, on the other hand, is going to be payoff rewarding!
Step 5 – Produce Full or Small Scale Type of Your Products Or Services
It is rather important to produce a working model off of your idea. Why? Having a real-life model of your idea (or a scaled-down version of it), will help you –
1. Identify its limitations and provides you the opportunity to re-think some elements of your initial design to make necessary corrections
2. Improve your final design
Along with the previously discussed items, the last model will allow you to psychologically. There is no better feeling then in order to physically see and touch the development of your personal mind! Because you are touching the real-life model of one last design provides you with positive psychological boost equal to hardly any other you’ve experienced during design process, motivating you even more to succeed!
The easiest method to approach this step is to try and draw on a piece of paper the last version of the product, the way you view it around this point soon enough. Your drawings should show your final idea/product under different angles, in a 2-D and 3-D. The picture might not be pretty because not a lot of us have the necessary drawing skills. However, this drawing task will allow you to immensely solidify your design and pin-point items that you still must work on. Furthermore, I strongly recommend which you generate your initial product prototype from clay or other material which is easily available. Why? Since this prototype along with initial drawing will allow you to explain your idea to technical individual that, consequently, will transform your design into highly technical engineering drawing.
When 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 – will it be aluminum, copper or some type of alloy? Once you determined the required materials, estimate production cost as the price that you’ll charge to your product will be based on the production cost of each individual unit. You don’t need to be 100% correct at this stage with your material selections, but it’s very good to know what materials will go into production of your product 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 use your product and where (or your product’s market), it is time and energy to think “big” – make an effort to work out cost/benefit analysis of the product. Below is really a case study –
Mary A., a homemaker with three little children, designed a plastic bottle holder for babies and small toddlers. Her bottle holder was designed in such a way which it would hold both the bottles, spoons and bottle caps. Mary A. created numerous drawings of her product and with the help of her husband managed to produce a full-scale version of Inventhelp Prototype Service manufactured from clay. Before involving an engineer, Mary A. estimated that her product will be made entirely away from plastic. The estimated production cost of 1 bottle holder is $3.00 (we presume that the manufacturing plant is located in China and shipping costs are already factored in into the estimated production cost). Mary A. did comparative shopping and determined that other kinds of Baby Holders are selling around $15 dollars. In addition, Mary found out that three local baby stores each serve 1000 shoppers per day (including online purchases); additionally, each stores needs a 40% commissions per each purchase – which means $6 is paid as a commission for the store for every $15 purchase. Mary A. immediately figured out that her total profit will likely be $6 per each bottle holder ($15 – $6 – $3). Presume that a person third of all 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 amount of 330 X 3 X 6 = $5940.
Step 7 – Product Marketing
Correct marketing strategy is absolutely important to the success of your idea. Partnering with marketing company that you simply can trust and depend on pays big dividends in the long run and must not be overlooked. What in the event you know about marketing companies? The majority of these companies are split into two groups (I am going to contact them groups A and B) –
1. Group A: These businesses claim they may have specific knowledge and inside connections in a broad range of industries. Along with been expensive, many companies that belong to this group are accused of fraud and inventor should carefully consider who they are coping with. Within the best case scenario, you can potentially lose all of your money and valuable time; in worst-case scenario, along with losing money someone else may take advantage of your invention (unless, obviously, you had been fortunate enough to patent it!!)
2. Group B: These firms give inventor complete freedom in marketing their idea. Inventors choose what you should say while focusing on emphasize areas which they think are most pertinent for their invention. I might like to point out IdeaJets website (www.ideajets.com):
IdeaJets is actually a marketplace where people who have ideas and corporations who look for sharp minds meet. Along with helping you get a right partner who can help you 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 in Forums. Hopefully, by sharing ideas and opinions, users might view their inventions or ideas in a new light, refine and re-define them to further improve their chances to succeed. At the time of right now, IdeaJets is entirely free!
Conclusion plus some Final Thoughts:
As one can see, it requires plenty of patience, preparation and perseverance on behalf of inventor to be successful. The most important thing is always to not get discouraged by the actual existence of competition and potential rejections. When I mentioned inside my article, levels of competition are good and healthy. Should your competitor is enjoying a great success with all the product similar to what you’ve developed, then because of this the product that you will be focusing on has great potential. Carefully examine competitor’s product and determine its weaknesses or vulnerabilities. This, obviously, presumes which you finalized your initial design, worked out each of the kinks and produced a complete-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 will help you in designing marketing plan specifically tailored towards your product or service. Wear paper and document your findings since you may forget some details afterwards and recognize that the info you painfully need is gone. In general, attempt to incorporate all of your findings xqvfcq to cost, market and demographic analysis into Business Strategy and store it in a safe place! Most companies you will make an effort to work or partner with will require you to produce Business Plan documentation. Not having one will force you to definitely produce Strategic Business Plan documentation almost overnight and this may not be a simple task. My suggestion to you – start working on the Business Strategy from the very beginning and save from having sleepless nights! As well as a final word of wisdom – don’t be afraid to be over-confident, because confidence and belief in one’s own powers are a good recipe to success!