A Step By Step Process to Developing a Product

People come up with ideas for new products every day, but few of them are ever made. Sometimes a thought is all they ever come to and sometimes they already exist. However, a few determined individuals recognise that they have a good idea. They put their minds towards creating a product that could sell and develop a plan. The first stage is to flesh out that first thought and build a prototype of the product. You then need to protect it, so that no one can steal your idea. So how do you get started if you want to design a new product?

Make a Record of Your Idea

When you have a brilliant idea, you need to keep a record of when you had it. It can be difficult to prove that you were the first person who came up with the idea for something. A lot of people think you should post your idea to yourself, but this is unnecessary. It also won’t be much use as evidence. It’s a good idea to get an inventor’s notebook to write down your idea. You can use it to expand on your initial thoughts and create some drawings. Get a witness to sign your journal as proof of when you wrote everything down.

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Matty Ring

Do Some Research

Before you rush ahead and start capitalising on your brilliant idea, do some research. You might discover that someone has already done what you’re thinking. It could turn out there’s absolutely no market for you product. First, try looking to see if anyone has registered a patent similar to your product idea. If they haven’t, you need to research the market too. There’s no point trying to sell something that people won’t buy. You should also ensure you can manufacture your product and make a profit. If manufacturing costs are high, profits will be small.

Create a Prototype of Your Product

Next, you need to make a basic model of your product. It doesn’t need to be anywhere near the final thing. Start with a drawing first. Then make a 3D model using whatever materials you have available. It doesn’t need to be anything fancy or work in the way you want the final product to. You can then create a working model of your product. Look for kits and guides that will help you to do this. If you can’t, you can try using a computer program instead.

Apply for a Patent

When you have a complete product, you need to protect it. Before you go through the trouble of filing for a patent, make sure you’ve done your research. You could look into patent attorneys to help you out. They can check that there are no existing patents, as well help you register a new design. They can also assist you later on if you need to defend yourself against an infringement suit.

Once you’ve protected your product, you can begin to take it to market. The first thing you’ll probably want to consider is how you’re going to fund your new business.

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