Sunday, August 23, 2009

If I have thought of a new idea for a product, how do I go about attempting to get it made, etc? -

Thanks in advance for any replies.

You need to do impartial market research to see if there is a real and profitable market. For example copying a market leader but aiming to make it cheaper and slightly different is a route to failure for many reasons. Due to the incompetence of Gordon Brown having something made in the UK is probably impractical as it will cost to much.~Email me if you want an impartial viewpoint - and the difficult questions you need to answer!

Depending on your budget.Usually, entrepreneurs make a prototype (first model) to make sure the real thing is what he/she wants before going for mass production.Check out the manufacturer s quotations for small, medium and large quantities.Read suggested resources to give you some idea.

Any investor or manufacturer needs to know that the idea:1) IS NEW2) WORKS3) IS TRULY YOURSSo the burden is on you to provide a reasonable amount of proof to show these things are true. This can be done as follows.1) do product and patent searches2) build and test one3) Apply for a patent.The hard bit is making money from the idea!

I would consult your local business manager at your bank who should be able to help with connections, as well as financial advice.

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