By Don Debelak
A revised and multiplied re-creation of the vintage advisor for inventorsWhen this complete source for inventors was once first released, bringing a brand new product to industry was once high priced, time-consuming, and extremely dicy. yet this day, new applied sciences together with the web have vastly replaced the area of inventing. long ago, inventors needed to deal with creation, production, packaging, and distribution via themselves. this present day, huge businesses are regularly trying to find new innovations to license, and new expertise makes it more uncomplicated than ever for inventors to outsource what they cannot deal with themselves.A best specialist on invention and innovation, writer Don Debelak has introduced this distinctive inventor's consultant absolutely modern. This new version is jam-packed with reliable, confirmed suggestion on product layout, production, patenting, licensing, distribution, financing, and extra. Plus, the most recent leading edge suggestions in investment, outsourcing, and online marketing make this the main whole and up to date advisor to be had for inventors such as you. within, you will learn the way to:* realize a worthwhile, profitable thought* verify in the event that your product is market-ready* Create a customized, step by step product-to-market process* regulate your technique for altering industry stipulations* locate monetary aid from traders and companions* Use turbo-outsourcing to convey your product to marketplace in a yr or much less* discover a producer to hide up-front improvement costsWith extra investment, licensing, and outsourcing strategies on hand, it is more straightforward and less expensive than ever to get your product at the cabinets. So why wait? even if you are an skilled inventor who desires to promote extra of your creations, or simply somebody with a million-dollar proposal, this is often your advisor to monetary good fortune. Don Debelak's professional suggestion and undying knowledge have already helped millions of individuals flip their innovations into money. do not pass over the boat!
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Additional info for Bringing Your Product to Market: Fast-Track Approaches to Cashing in on Your Great Idea , 2nd Edition
The Schlueters used their knowledge of their competition and their markets to deliver a winning message and a winning product to their key contacts. GET SAVVY: CREATE THE RIGHT IMPRESSION WITH CONTACTS BY DOING YOUR HOMEWORK Contacts won’t talk freely with you unless you project a professional image and know the details of introducing your product. Understanding your market is the most important aspect of creating a good impression, and this section covers a wide range of topics you need to comprehend and that can be further elucidated by market research and library inquiry.
KNOW WHETHER YOUR PRODUCT WILL MAKE MONEY: DETERMINING PERCEIVED VALUE VERSUS MANUFACTURING COST Determining the Price/Value Relationship You had some indication of the price you can charge in your earlier research with family and friends. Your next best step is to do a similar focus group survey with people you don’t know to determine what they might be willing to pay for your product. You might find, though, that it is difficult to get people to spend that much time with you. In that case, you can use a product questionnaire as a substitute to determine the price point people feel comfortable with.
A. New knockdown lightweight canvas awning, $650 B. 3 Continued C. Heavy canvas awning that stays down all year long, $800 3. ____ A. ____ B. ____ C. A. New knockdown lightweight canvas awning, $650 B. 00 C. Lightweight, easily removable aluminum awning, $1,400 4. ____ A. ____ B. ____ C. A. Heavy canvas awning that stays up all year long, $800 B. Heavy canvas awning that can be easily rolled up on cloudy days, $1,000 C. Heavy canvas awning on the same frame as the new knockdown awning, $875 5. ____ A.
Bringing Your Product to Market: Fast-Track Approaches to Cashing in on Your Great Idea , 2nd Edition by Don Debelak