After you have taken the original steps to safeguard your idea, the next step is to determine set up invention will work. To get this done you will have to first make a breadboard of the invention, a model, and lastly a prototype.
Jacquelyn Denalli, in her "Inventor’s Circle" column for Business Start-Ups Magazine, supplies the following definitions of a breadboard, model, and prototype:
* A breadboard is a rough construction of your invention that proves the theory works. The breadboard does not have to look good as well as work very well; it simply proves your idea could be reduced to practice. It might take several breadboards, each improving on the sooner one, before you will be ready to create a model.
* A model is a representation of the merchandise since it will be manufactured. The model demonstrates what your invention can do, but isn’t always an accurate duplicate of the finished product. In building your model, examine these issues: the item’s sale price, materials, manufacturing costs, marketing details, safety factors, how it’ll be sold and distributed, and the profit percentage. If you intend to license your invention to a manufacturer, you could do so with a model.
* A prototype can be an exact replica of the merchandise since it will be manufactured, right down to the last detail, including color, graphics, packaging and instructions. To generate a prototype or sample, the price is usually much higher than the actual unit cost after the product is completely production. For instance, a prototype may cost $500, although item itself might retail for only $2 to $10 available on the market. But it’s really worth the investment. To start with, you can create drawings or photographs of the sample to use in brochures, mailings, pamphlets, advertising, etc. Also you can use the prototype showing to audience, whether prospective manufacturers or buyers for shops.
While you are ready to come up with your prototype, get several bids from various manufacturing companies. Get charges for producing one, 1,000, and 5,000 units. Make certain the bid you get includes tooling costs and specifies the terms the maker will provide. As well, make sure you know very well what the delivery turnaround time will be, to enable you to speak authoritatively with buyers. This can help you know what your initial pricing structure will probably must be and what types of quality discounts will be accessible.
When the term "prototype" is mentioned, a lot of people naturally assume that its purpose is to check the potency of manufacturing or production methods. Although that is one motive to make a prototype, employing it in your marketing research is simply as important to the best success of your product. Nothing can replace the info obtained by using a prototype. Whether something is really as complex as a computer or as simple as a welding torch, market testing with a prototype will let you know how your audience – and those will be the folks who already have to use everything you sell – will respond to your product.