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 using the discussion, I would like to provide a few words of wisdom. While dealing with your idea you will come across individuals who will criticize your work and try to discourage from forging ahead. A few of the Inventhelp Prototype will likely be deserved and really should be taken into consideration. If you notice that a valid point is raised that you never thought of before – the better off you are. It gives you opportunity to pause and view your idea from another perspective (or angle). However, you may also encounter a so-called destructive criticism that is not according to any facts.
Once you figure out how to separate these two, you will be better of. My advice for you –
– Don’t be scared to question professionals, because most experts are certainly one-track minded and oblivious with other things
– Don’t be afraid to challenge other people’s ideas, stand by your principles and stay firm
– Don’t be scared to learn that your particular own idea is faulty. Pause, make corrections, re-analyze and move ahead
When you find yourself ready to advertise your idea, you will have to handle large corporations. Keep in mind that the bigger the company is, the more bureaucratic it really is. Many big companies lose focus and frequently hire employees that are either not qualified to do the job, or just not considering the things they are performing. If you come across these folks who want to make you feel insignificant (as well as your idea unimportant and impractical) don’t get discouraged by this – chances are you is going to be more satisfied working with smaller company that is certainly more focused and ready to take risks!
Step 1 – Remain 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 regarding how to expand your invention
Always try to put on paper what it is which you invented – precisely define your idea, its purpose, limitations and audience. If you cannot precisely define your idea, then because of this you ought to require a step back, re-analyze your thinking and simplify things. The most common error that people make at this time is finished-complicating their idea. A simple example will clarify this point:
Case Study 1
John K. comes with 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 benefit from the addition of extra items – a scissor and a screw driver. However, the addition of these products helps make the Inventhelp Locations larger and heavier. In order to create knife lighter, John K. goes back to the drawing board – he compromises his original, Automatic Push/Pull mechanism design in attempt to accommodate unnecessary additional features who have nothing to do with his unique design. By taking away features from his original design, John K. makes his final design very pedestrian and it also lacks in originality.
In the final analysis, John K. should have stopped right before making any changes to his original Automatic Knife Mechanism and asked himself the following – am I happier with all the original mechanism or with pedestrian mechanism which includes additional features? Would be the additional features even necessary?
The aforementioned example clearly illustrates the subsequent – give attention to your original idea and ignore additional, superfluous features that might muddle your vision. Extra features should come into play later, when you clearly described and shaped your invention.
Step Two Exploratory Stages – Determine whether your idea is exclusive
Once you’ve documented your idea, you can start considering the following – how unique is my idea? In order to answer these questions, you will need to carry out some legwork and hit the local library and internet. Except if you allocated a lot of your budget to Patent Lawyers, who will do the research for you, you will be happier doing initial research by yourself. Why? Since you may discover throughout your exploratory searches that your design will not be unique and save from paying Big Lawyer fees. A note of caution – don’t get discouraged should you determine that the idea much like yours already exists and already patented. The truth that someone came to the similar conclusions when you, just a little bit earlier is great – there is a competition! Levels of competition are good, competition is healthy! Carefully examine competing product, even bring it apart, if necessary. Figure out what differentiates your idea from competitor’s, its limitations and exactly how successful was another person (or even a company) with marketing it. While you can see, you can actually learn from mistakes of others, avoid their mistakes and forge ahead fully aware of competition along with their limitations.
Step 3 – Product Safety Considerations
Whether you decided to make a baby product or some kind of household appliance, a unique care ought to be taken in describing potential hazards associated with the aid of your products or services. As an example, in the event you invented a new toy designed for small kids, try to come up with a list of parts that can potentially harm your little customers. Stay in mind that numerous people, unfortunately, disregard exploitation manuals. Determine what can or may fail with the operation of the product and figure out ways concerning how to improve product safety. The questions which you may think about 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 generate a complete list of parts that can be potentially hazardous and correct your design before you start 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 measures of your idea, and you might stay away from some time by doing preparations in advance.
Step 4 – Demographics and Determining that will Make Use Of Your Product
Ones there is a clear picture of the product and you figured out all nuances of product design, try to determine who will use your product, where and when. Try to consider the following questions –
1. What exactly is the age bracket of audience?
2. Is my product intended for Men, Women, or Both?
3. Where and once can it be utilized?
Correctly answering these questions can help you properly advertise your product and stay up to date with competition. Additionally, knowing solutions to the aforementioned questions can help you in putting finishing touches on your own product. How? If your product is ideal for children, then it should be bright and colorful. In addition, if your product is made for cold climate, you ought to avoid marketing it in places that it’s hot all year long.
It is very likely that your particular item is tailored for certain industry (for instance, agricultural); then think of those that will manage to benefit the most from your invention! In case your product is made to work with specific soil or crops, then you certainly should target geographical region rich with desired characteristics. As you can see, this step needs a thorough research, planning and leg work; the benefits, on the other hand, will be payoff rewarding!
Step 5 – Produce Full or Small Scale Style of Your Product
It is rather important to create a working model from your idea. Why? By having a real-life style of your idea (or even a scaled-down version from it), will help you –
1. Identify its limitations and gives you the opportunity to re-think some facets of your initial design making necessary corrections
2. Improve your final design
In addition to the previously listed items, the final model will allow you to psychologically. There is not any better feeling then in order to physically see and touch the development of your very own mind! The fact that you are touching the actual-life style of one last design provides you with positive psychological boost equal to not one other you’ve experienced during design process, motivating you even more to succeed!
The easiest method to approach this method is to try and draw on a piece of paper the final version of the product, how you will see it around this point over time. Your drawings should show your final idea/product under different angles, in a 2-D and three-D. The picture might not really pretty because not many of us have the necessary drawing skills. However, this drawing task will help you immensely solidify your design and pin-point items which you continue to need to work on. Furthermore, I strongly recommend that you simply generate your initial product prototype from clay or any other material that is readily accessible. Why? As this prototype along with initial drawing will help you explain your idea to technical individual that, in turn, will transform your design into highly technical engineering drawing.
As soon as you prepared your model, try to find out what materials will go in into construction of real-life product. Will your product be build of plaster or metal? If metal, then what kind of metal – will it be aluminum, copper or some kind of alloy? Once you determined the necessary materials, estimate production cost since the price that you’ll charge for the product will be based on the production cost of every person unit. You don’t have to be 100% correct at this time with your material selections, but it’s very good to know what materials goes into production of your product allowing you to have a ball-park figure on the final price of your product.
Step 6 – Estimate Cost and Gross Profit
As soon as you determined who can use your product and where (or maybe your product’s market), it is actually time to think “big” – attempt to work out cost/benefit analysis of your product. Below is 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 that it would hold the bottles, spoons and bottle caps. Mary A. created numerous drawings of her product and with the help of her husband managed to generate a full-scale version of How To Get Help With An Invention made from clay. Before involving an engineer, Mary A. estimated that her product will likely be made entirely away from plastic. The estimated production expense of 1 bottle holder is $3.00 (we presume that this manufacturing plant is found in China and shipping expenses are already factored in to the estimated production cost). Mary A. did comparative shopping and determined that other types 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 demands a 40% commissions per each purchase – which means that $6 pays as being a commission to the store for every $15 purchase. Mary A. immediately determined that her total profit will likely be $6 per each bottle holder ($15 – $6 – $3). Presume that certain 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 volume of 330 X 3 X 6 = $5940.
Step 7 – Product Marketing
Correct online marketing strategy is completely essential to the achievements of your idea. Partnering with marketing company that you simply can trust and rely upon will pay big dividends in the long run and really should not be overlooked. What should you know about marketing companies? The majority of these companies are separated into two groups (I am going to contact them groups A and B) –
1. Group A: These companies claim they may have specific knowledge and inside connections in a broad range of industries. As well as been expensive, many companies that fit in with this group are accused of fraud and inventor should carefully consider who they are working with. Inside the best case scenario, you might potentially lose all of your money and valuable time; in worst-case scenario, along with losing money someone else may benefit from your invention (unless, needless to say, you were fortunate enough to patent it!!)
2. Group B: These businesses give inventor complete freedom in marketing their idea. Inventors choose things to say while focusing on emphasize areas that they believe are most pertinent with their invention. I would like to point out IdeaJets website (www.ideajets.com):
IdeaJets is really a marketplace where people with ideas and companies who search for sharp minds meet. In addition to helping you discover a right partner who can help you realize your thoughts and dreams, IdeaJets also brings inventors in touch with other ambitious individuals 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 those to further improve their chances to achieve success. At the time of right now, IdeaJets is totally free!
Conclusion and a few Final Thoughts:
As you can see, it will take a lot of patience, preparation and perseverance for inventor to be successful. The most important thing is always to not get discouraged by the presence of competition and potential rejections. Because I mentioned within my article, competition is good and healthy. In case your competitor is enjoying a positive results with all the product much like what you’ve developed, then because of this the merchandise that you will be focusing on has great potential. Carefully examine competitor’s product and determine its weaknesses or vulnerabilities. This, of course, presumes that you finalized your initial design, figured out all the kinks and produced an entire-scale (or scaled-down) version of your own product. When 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 product or service. Wear paper and document all your findings simply because you may forget some details later on and realize that the data you painfully need is gone. In general, try to incorporate your findings xqvfcq to cost, market and demographic analysis into Strategic Business Plan and store it in a safe place! A lot of companies you are going to make an effort to work or partner with will require you to produce Business Plan documentation. Not having you might force you to produce Strategic Business Plan documentation almost overnight and this is simply not an easy task. My suggestion to you personally – begin working on the Strategic Business Plan from the start and save from having sleepless nights! As well as a final word of wisdom – don’t be afraid to get over-confident, because confidence and belief in one’s own powers are a great recipe to success!