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in Forum: Commercializing Your Invention

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Dec. 09 2007 at 12:16 AM
Posted by: dudeman “Quote Reply
MotionGuy, Have you tried www.inventions.org yet?
Jan. 18 2008 at 1:07 PM
Posted by: inventRight “Quote Reply
MotionGuy, Yeah, Provisional patents are great. We highly recommend using the. It's a great way to fish off the end of the pier and see if anyone is interested in your idea without having to spend thousands of dollars to file a patent. I wish you much success in all your invention related endeavors. -Andrew ----- inventRight Co-Founders - Stephen Key & Andrew Krauss Helping You Bring Your Idea To Market! http://www.inventright.com Blog: Lessons & Advice Three Times A Week http://www.allbusiness.com/4969065-1.html Tele-Classes - Cost: none http://www.inventright.com/news.html 1-800-701-7993
Mar. 22 2008 at 10:29 PM
Posted by: KateyZ “Quote Reply
I too am interested! I have working proto types and an untapped market for same. However; what are the average costs involved? How much should I be willing to grant a service, 25%, 4%? K Edited by: KateyZ - Mar. 22 2008 at 10:32 PM
Mar. 23 2008 at 4:17 AM
Posted by: Cookie “Quote Reply
There ARE no average costs. Every product is different in its manufacturing cost, what it would cost to market it, etc. etc. Get that prototype out there. Start showing it. See if there's a market for it. You need feedback to decide if it's worth going forward. Cookie -- Inventor of WEDGIE, the container gardener's favorite planting tool -- The Best Gardening Tool www.wedgie.biz
Mar. 23 2008 at 9:30 PM
Posted by: KateyZ “Quote Reply
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
Mar. 23 2008 at 10:58 PM
Posted by: Cookie “Quote Reply
Too true. Go for it!!! Cookie -- Inventor of WEDGIE, the container gardener's favorite planting tool -- The Best Gardening Tool www.wedgie.biz
May. 20 2008 at 5:45 PM
Posted by: SalemH “Quote Reply
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. Edited by: DesignMyIdea - May. 27 2008 at 2:54 PM-You may indeed fail before you succeed, but don't make it a habit.
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