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Thanks for having us on this show about inventing Rich!

 
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KateyZ

posts: 10

Mar 23, 2008 8:30 PM ET    Quote  Report Abuse
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Thanks, I`ve done some market research with two different aspects of customers and both are interested.
Need to quit being timid and "jump in!"
Thanks, K
Cookie

posts: 116

Mar 23, 2008 9:58 PM ET    Quote  Report Abuse
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Too true.  Go for it!!!

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SalemH

posts: 37

May 20, 2008 5:45 PM ET    Quote  Report Abuse
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Heya everyone,

I do marketing and sales for a invention design firm, and there are indeed no average costs.  Many Promotion companies have set "packages" but, since every product, invention and idea are completely unique, this is nearly impossible.

Instead, Design My Idea offers bids for the services required (whether thats complete concept to finished product design, or just packaging) with set prices.

Some examples of our design services:

Product Design (2-4 concepts, full engineering, CAD / Production read materials): simple: ~$2,000, to complex ~$4,000

3D renderings (snap shots of your product), logo and packaging design can run ~$2,000 total.

A "full" product (with production-ready materials, full branding scheme, packaging and sales sheet): Simple Product: ~$2,000-$4,000. Complex Product: ~$5,000-$12,000.

This would give you a finished, fully designed product, ready to be bid for prototyping or manufacturing, a full branding scheme with logo keeping in line your demographic and goal of product, as well as a Sales Sheet to submit to manufacturers and bring to trade shows.

All of our prices are fixed cost bids, which require specific information on your own goals as an inventor, priorities (many clients do bids incrementally as per financial requirements) and a description / drawings of the product.

Our prices are typically very competitive, as our market is small "mom and pop" inventors, not small business-oriented designing. Given such, those with pricing below our own are typically of incredibly low value. 15% or so of our clients are actually dissatisfied clients of other design firms, normally at "bargain prices" which turned out to be a poor investment.


I would suggest when looking at other firms check their references, BBB record, and google "company name" and "complaint" or especially in reference to Promotional companies (those who purpote to design, market, license and sell) google "company name" and "disclosure." Many courts have required unscrupulous companies post a disclosure listing EXACTLY how many clients have made more money then was put in as an initial investment.

One company, a very large highly advertised promotional firm, has exactly SIX out of a few hundred thousand clients made more money then their initial investment...be careful.

Thanks!

Edit: Responded to page 1, without seeing page 3.
DesignMyIdea5/27/2008 2:54 PM


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-You may indeed fail before you succeed, but don`t make it a habit.

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