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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

Target sale price for your invention

There are many different ways of coming up with a sale price, however I prefer to assess a product using the following steps below. The way to determine a good target sale price will depend on a number of factors: How novel is your idea? What is your target audience? How much can you get the product manufactured for? How much is packaging of the product? How much does shipping cost? How much marketing do you need to do? Are you going to sell through retailers? How novel is your idea? Very important in choosing a sale price because simply, if your […]