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 really 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 offer a few words of wisdom. While caring for your idea you will encounter those who will criticize your work and then try to discourage from forging ahead. A few of the Reviews For Inventhelp will likely be deserved and must be taken into account. If you notice that a valid point is raised which you never thought of before – the better off you happen to be. It provides you with opportunity to stop and view your idea from another perspective (or angle). However, you may also encounter a so-called destructive criticism which is not based on any facts.
Whenever you figure out how to separate these two, you may be better of. My advice to you –
– Don’t be scared to question professionals, since the majority of experts are certainly one-track minded and oblivious with other things
– Don’t be scared to challenge other people’s ideas, stand by your principles and become firm
– Don’t be scared to learn that the own idea is faulty. Pause, make corrections, re-analyze and move ahead
When you find yourself ready to market your idea, you should cope with large corporations. Stay in mind that the larger the company is, the better bureaucratic it is actually. Many big companies lose focus and quite often hire employees that are either not qualified to do the job, or just not interested in the things they are performing. If you come across these people that want to cause you to feel insignificant (as well as your idea unimportant and impractical) don’t get discouraged by this – chances are you will be more satisfied coping with smaller company that is more focused and ready to take risks!
Step 1 – Remain 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 concerning how to expand your invention
Always try to use paper what exactly it is which you invented – precisely define your idea, its purpose, limitations and audience. If you cannot precisely define your idea, then this means that you ought to have a step back, re-analyze your thinking and simplify things. The most common error that individuals make at this point is over-complicating their idea. A simple example will clarify this point:
Case Study 1
John K. comes with 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 and a screw driver. However, incorporating these products makes the Inventor Information larger and heavier. In order to make knife lighter, John K. goes back for the drawing board – he compromises his original, Automatic Push/Pull mechanism design in make an effort to accommodate unnecessary additional features who have nothing related to 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.
Inside the final analysis, John K. needs to have stopped right before creating any changes to his original Automatic Knife Mechanism and asked himself these – am I happier with all the original mechanism or with pedestrian mechanism that has additional features? Are the extra features even necessary?
The above example clearly illustrates the following – give attention to your original idea and ignore additional, superfluous features that might muddle your vision. Additional features should come into play later, as soon as you clearly described and shaped your invention.
Step 2 Exploratory Stages – See whether your idea is different
Once you’ve documented your idea, you should begin taking into consideration the following – how unique is my idea? In order to answer these questions, you will need to carry out some legwork and hit your neighborhood library and internet. Until you allocated a substantial amount of your finances to Patent Lawyers, that will perform the research to suit your needs, you may be happier doing initial research on your own. Why? Because you may discover throughout 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 reality that someone arrived at the similar conclusions as you, just a little bit earlier is good – there is a competition! Level of competition is good, level of competition is healthy! Carefully examine competing product, even carry it apart, if needed. Know what differentiates your idea from competitor’s, its limitations and just how successful was someone else (or even a company) with marketing it. When you can see, you can actually learn from mistakes of others, avoid their mistakes and forge ahead fully mindful of competition as well as their limitations.
Step Three – Product Safety Considerations
Whether you opted to generate a baby product or some type of household appliance, a special care ought to be taken in describing potential hazards associated by using your product. As an example, if you invented a whole new toy intended for small kids, try to come up with a list of parts that can potentially harm your little customers. Stay in mind that lots of people, unfortunately, disregard exploitation manuals. Determine what can or may go awry with the operation of your product and figure out ways on how to improve product safety. The questions which you may ask yourself are the following –
1. Am I using proper materials?
2. Maybe the part which contains the most hazards needs to be redesigned?
Try to come up with a complete set of parts that can be potentially hazardous and repair your design before you start marketing your products or services. You may consider this step as unnecessary, but let me warn you – most marketing companies will require you to describe all Safety measures of your idea, and you might stay away from a bit of time by doing preparations beforehand.
Step 4 – Demographics and Determining who can Use Your Product
Ones you do have a clear picture of your product and you also worked out all nuances of product design, try to determine that will make use of your product, where and when. Make an effort to ask yourself the subsequent questions –
1. What is the age bracket of target market?
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 abreast of competition. Furthermore, knowing solutions to the above mentioned questions will allow you to in putting finishing touches on your own product. How? Should your product is ideal for children, then it ought to be bright and colorful. Additionally, should your product is designed for cold climate, you ought to avoid marketing it in areas where it’s hot all year long.
It is extremely likely that your particular item is tailored for certain industry (as an example, agricultural); then think of those that will manage to benefit the best from your invention! In case your product was created to work with specific soil or crops, then you should target geographical region rich with desired characteristics. As you can see, this method demands 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 Products Or Services
It is very important to make a working model from your idea. Why? With a real-life style of your idea (or even a scaled-down version of this), will help you –
1. Identify its limitations and gives you a chance to re-think some aspects of your initial design and make necessary corrections
2. Boost your final design
As well as the previously discussed items, the ultimate model can help you psychologically. There is absolutely no better feeling then in order to physically see and touch the creation of your own mind! The fact that you are touching the real-life type of one last design will give you positive psychological boost comparable to no other you’ve experienced during design process, motivating you even more to be successful!
The best way to approach this step is to try to draw on some paper the last version of your product, how you see it around this point in time. Your drawings should show your final idea/product under different angles, in a 2-D and 3-D. The picture might not really pretty because not a lot of us hold the necessary drawing skills. However, this drawing task can help you immensely solidify your design and pin-point things that you still must work on. Additionally, I strongly recommend that you generate your initial product prototype from clay or some other material that is certainly readily accessible. Why? As this prototype in addition to initial drawing will help you explain your idea to technical person who, subsequently, will transform your design into highly technical engineering drawing.
Once you prepared your model, try to determine which 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 – is it aluminum, copper or some type of alloy? As soon as you determined the required materials, estimate production cost because the price that you’ll charge to your product depends on the production cost of each individual unit. You don’t need to be 100% correct at this stage along with your material selections, but it’s very good to know what materials goes into production of your product so that you have a ball-park figure on the final price of your product or service.
Step 6 – Estimate Cost and Gross Profit
As soon as you determined who will use your product and where (or perhaps your product’s market), it is time for you to think “big” – make an effort to work out cost/benefit analysis of your product. Below is actually 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 manner it would hold both bottles, spoons and bottle caps. Mary A. created numerous drawings of her product and with the aid of her husband managed to produce a full-scale version of I Have An Invention made from clay. Before involving an engineer, Mary A. estimated that her product is going to be made entirely away from plastic. The estimated production expense of 1 bottle holder is $3.00 (we presume the manufacturing plant is situated in China and shipping pricing is already factored in in to the estimated production cost). Mary A. did comparative shopping and determined that other sorts of Baby Holders can sell around $15 dollars. Additionally, Mary found out that three local baby stores each serve 1000 shoppers per day (including online purchases); furthermore, each stores requires a 40% commissions per each purchase – which means $6 is paid as being a commission to the store for each $15 purchase. Mary A. immediately determined that her total profit is going to 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 quantity of 330 X 3 X 6 = $5940.
Step 7 – Product Marketing
Correct marketing plan is totally important to the success of your idea. Partnering with marketing company which you can trust and rely upon will probably pay big dividends within the long run and must not be overlooked. What in the event you know about marketing companies? Many of these companies are divided into two groups (I am going to call them groups A and B) –
1. Group A: These companies claim they have specific knowledge and inside connections in a broad range of industries. As well as been expensive, most companies that fit in with this group are charged with fraud and inventor should carefully consider who they really are coping with. Within the best case scenario, you can potentially lose your money and time; in worst-case scenario, as well as losing money someone else may reap the benefits of your invention (unless, of course, you had been lucky enough to patent it!!)
2. Group B: These firms give inventor complete freedom in marketing their idea. Inventors choose what to say and focus on emphasize areas they think are most pertinent to their invention. I might like to point out IdeaJets website (www.ideajets.com):
IdeaJets is actually a marketplace where individuals with ideas and firms who search for sharp minds meet. Along with helping you get a right partner who can help you realize your thoughts 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 perhaps 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 enhance their chances to achieve success. At the time of right now, IdeaJets is totally free!
Conclusion and some Final Thoughts:
As one can see, it takes lots of patience, preparation and perseverance on behalf of inventor to achieve success. The main thing is to not get discouraged by the presence of competition and potential rejections. As I mentioned within my article, level of competition is good and healthy. In case your competitor is having a positive results with 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 figure out its weaknesses or vulnerabilities. This, obviously, presumes which you finalized your initial design, figured out all the kinks and produced a full-scale (or scaled-down) version of the product. When you know enough about competitor’s product, carefully study your market and demographics – this will help in designing online marketing strategy specifically tailored towards your products or services. Put on paper and document your findings because you may forget some details later on and realize that the data you painfully need is gone. In general, attempt to incorporate all of your findings xqvfcq to cost, market and demographic analysis into Strategic Business Plan and store it in a safe place! Most companies you may try to work or partner with will require that you produce Business Strategy documentation. Not having you might force you to produce Business Strategy documentation almost overnight and this is not a simple task. My suggestion to you – begin working on the Business Plan from your very beginning and save from having sleepless nights! As well as 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!