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We have written all these topics to help you further understand the Invention Process and what you can do to reduce mistake and keep costs low.

March 6, 2015

Who Are Venture Capitalists?

One of the true marks of a great invention is sharing it with consumers and seeing its success firsthand as it meets a widespread need for the market. But, launching an invention into the market doesn’t happen overnight. The process itself requires not only strategic planning and development, it also requires capital, ideally in the form of investors. Who are venture capitalists? Venture capitalists are not typically wealthy investors whose entrepreneurial spirits lead them to sharing their fortune. Rather, they are strategically placed private investors who often comprise limited partnerships with pooled investments which are then used to fund companies […]
March 6, 2015

Commercializing Your Invention

You have a great idea. It’s revolutionary and, you think, will take the market by storm. What’s next? How will you launch your product into the market? More specifically, what is the process to commercialization? Commercializing your product is, in the world of inventors, the end-goal to achieve success by placing the invention in the hands of consumers. While an invention may indeed be revolutionary, inventors must understand the stages of development and commercialization in order to prepare for potential success. The Invention: Proof of Concept and Opportunity • Explanation: Can you clearly explain the concept behind your product or […]
March 6, 2015

How to Market a Product

As an inventor, the epitome of success is being able to market your product and sell it to consumers. Although it sounds simple, marketing your product is much more difficult than you can imagine. How can you market your product successfully? There are many methods to marketing your product but the options can be overwhelming and sometimes confusing. Here’s a brief overview of three effective strategies with some basic guidelines to make more sense of the marketing process. Brand Design and Development • Keep It Current: When you see an outdated sign with a color scheme from the 70’s, what […]
March 5, 2015

How to Launch & Use a Kickstarter Campaign

As an inventor, the greatest accomplishment is to have an invention that is successful in the market because it meets the needs of consumers. One of the quickest ways to not only launch an invention into the consumer market but to also gain valuable insight into the market itself is through a crowdfunding campaign. One of the most popular crowdfunding sites, Kickstarter, has generated much success for countless projects. Launching and utilizing a campaign to your benefit is a simple process. Here’s a brief overview. Define Your Kickstarter Project • WHERE does your project fit within the Kickstarter guidelines? In […]
March 5, 2015

Crowdfunding and Inventors: An Ideal Match

Crowdfunding: What is it? Crowdfunding has long been established as the popular practice of funding a project or venture by raising small amounts of money from large numbers of people. Typically, crowdfunding occurs on the internet and offers a chance of success for startups and entrepreneurs by presenting the opportunity to showcase businesses and projects to the world. The Benefits of Crowdfunding your Invention Crowdfunding for inventors is just as successful in launching inventions with added financial support from others to provide a greater means of capital. By providing added financial support, there are a wide range of benefits through […]
March 4, 2015

Which manufacturing method?

There are many options when deciding on which manufacturing method to use. Each method, however, is dependent on a few factors. How much do you want to spend? What material do you want to use? How much do you want to spend? This is an important consideration because every manufacturing method varies in cost. For example, parts are generally cheaper to make using injection molds as opposed to casting. However, you also need to take into account the cost of the tooling. The cost of the tooling for injection mold is more expensive than cast tooling. As a result of […]
March 4, 2015

What are the design stages for a new product?

When a designer first begins a new project, being aware of what the final outcome needs to look like is important. For the designer to visualize the final design requires gathering as much information from you as possible. To ensure that your design stages are productive and successful, gain a better understanding of the process to complete your design. What information does the designer need? What material do you want to use? How much detail do you want? What are the strength requirements of the part or assembly? What is your cost target to purchase the parts? How many parts […]
March 4, 2015

Target sale price for your invention

While there are many methods of deciding on a sale price, I suggest assessing the product using the steps below. A good target sale price depends on a number of factors: How novel is your idea? Who is your target audience? How much will it cost to manufacture the product? How much will product packaging cost? How much does shipping cost? How much marketing is required? Will you sell through retailers? How novel is your idea? Choosing a sale price is vital. If your product is novel, which means that no one else has produced it before, then you can […]
March 4, 2015

Samples off the tool

During the latter stages of tool manufacturing, the manufacturer will place the tool in the machine to generate the “first-off’s,” or the first items off the tool. First-off’s are utilized for testing and measurements and are then sent for your approval. In this process, you have every right and responsibility to inspect the parts to ensure that you are completely satisfied before the first order is processed. You will most likely be asked to sign a confirmation that states you accept the first-off’s. If, for any reason, you are not satisfied with the first-off’s, the manufacturer must fix the tool […]
March 3, 2015

How long will the design phase take?

The length of time required to design a product is dependent on a few factors. I have had a few people come to me with ideas that are simply that, ideas or thoughts. Other times, I have had people come to me with sketches and prototypes. How far have you developed your ideas? If you do your homework and develop the idea yourself so it can later be transitioned to someone else, it will reduce the time required to design the final product. Essentially, you come up with the concept and how you feel it should look and perform. Then, […]