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.