Thursday, February 1, 2007

Brief outline of the process of turning an idea on paper into an on the shelves product? -

I am currently working on an invention that I would ideally like to see in the shops one day. Can anyone give me a brief outline of what I need to do in terms of cost of patents etc. any other info is welcome!

1. Build model2. Apply for patent3. Develop marketing plan a. Packaging b. Advertising c. Distribution channels4. Arrange for manufacturing5. Raise money6. Manufacture product a. Sales(wo)man Demos b. Samples for prospective buyers c. Enough to cover initial sales7. Hire sales and marketing staffAs far as cost is concerned the bulk of your cost will be manufacturing and rolling out the product once you have applied for your patent(s). Hope this helpsJerry-the-bookkeeper

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