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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.

May 27, 2012

Working with a business coach or small group

One thing to remember is that there are always people out there who have seen and done it before so try and get advice of someone who has been through it all already. Its not easy to find a business coach or advice and its almost certain they are not going to offer all their time for nothing. Some may even take a small share of your company to guide you through  the processes. A small group could even possibly be a community found on the internet who are experts in the field you are looking for advice in. These […]
May 27, 2012

Set a launch Date

Deciding on a launch date is always a good idea as firstly and most importantly it gives you a deadline, it also allows potential customers when you are ready to start selling or doing business.Try your hardest to stick to this date as you really don’t want to have to let down your potential customers before you even start.The launch date would have been a pie in the sky date at the very first stages on your idea but it will come sooner than you think. This date needs to be a reasonable date so don’t try and give yourself […]
May 27, 2012

Create a marketing plan

Coming up with a Marketing Plan may spread light on certain aspects of the project which you might have overseen.You need to do your homework. Writing down all your goals, objectives and desired outcomes of your business. When writing a business plan be sure to include the following: Product / Invention Description What is your Target Market? Where are your Customers (Demographics)? What is your intended sell price Do you have competition / who are they? Promotion How are you going to Advertise? Know your Profit percentage Product Guarantee Do you have Product Liability Insurance What is your Budget for […]
May 27, 2012

Do you want to do your own assembly and packing?

You have the choice to really do what you want when it comes to manufacturing, after all you are the customer and can do what you please. If you choose to or feel you can do a better job with assembly and packaging then you have the choice to just ship over the individual parts and assemble them yourself. Assembly yourself will be a time consuming exercise and but if you have time then the perfect opportunity to save some money. Remember you cannot do the job more efficiently than a team of people working on an assembly line and […]
May 27, 2012

What about changing colour of the product?

You will have the ability to change the colour of the parts as you feel necessary to satisfy customers or reach out to a different audience. Typically the supplier will require a minimum order quantity for each colour, in some cases as low as 500 units. The reason for this is that for each colour change requires the molds to be “flushed” out, meaning they remove all traces of the previous colour ready to make the next colour batch. This is time that the supplier is not earning and results in a loss, hence the minimum order quantity.
May 27, 2012

Minimum order quantity

When you initially get your quote off the manufacturing company they would have informed you that you need to order in batches of a certain quantity, this is the minimum order quantity. The figure they choose is the figure that makes its worthwhile for them to get your tools off the shelf, place it into the machine and run a batch off and then remove from the tool and replace back on the shelf. Your supplier will not want to make a loss on any manufacturing they do for you so make sure you understand why there is a minimum […]
May 27, 2012

Samples off the tool

During the latter stages of the tool manufacture the manufacturer will start placing the tool in the machine and generating the first off’s. This refers to the first items off the tool. They will use these first off’s for testing and measurements and then send them for your approval. You have the right to check the parts and make sure you are completely happy before they start to make your first order. You will most probably be asked to sign something to confirm that you are happy with the first off’s. If you are not happy then they need to […]
May 27, 2012

Can you change the tools once they have been made?

Yes You can pretty much do anything to your tools within reason. Your tools are typically made from metal and to apply changes would most probably be in the form of machining or welding and machining. When your designer initially designs the parts he should have been thinking in the back of his mind what areas are of concern and what areas may likely need to be changed to reduce problems like wearing of the tool or potential stress areas that may cause the parts to break by the consumer. When your designer supplies you with drawings he should include […]
May 27, 2012

Can I move my tools to a different Supplier?

So you have been producing parts off your tools and unfortunately you realise the quality of the parts are bad or you are not happy with the manufacturer. So can you move your tools to another company? Depends on the initial contract between you and the company. In most cases the answer surprisingly is no. Although you have bought the tool it does not entirely belong to you, this is the catch. When the manufacturer firsts quotes you for the tooling he offers it to you at a discounted price. This is to draw you in and get your business […]
May 27, 2012

What is the Tool life expectancy?

Typically on receiving a quote the manufacturer should tell you the cost of the tool and the life expectancy. The life of the tool is the length of time measured in “shots” before the tool either needs replacing or major repair work done to it. Based on the manufacturer they will either absorb the cost of repairing or replacing the tool based on them having made a profit already and wanting to keep your business but in some cases you may be forced to pay over some more money. You seriously need to ask this question to avoid any surprises […]