How do you get a product developed?

[edprush]

I have a product that I would like to have developed. It is not world-changing. It's just magnets and plastic.

How do I get protypes made and then, hopefully, take the product into development?

Who here is an inventor?

 

[edprush]

^

 

[doze]

I'm sure there you can buy some good books on the subject but for the quick and dirty

Assuming your product has a market, start with a patent search b/c somebody else might have made it already http://www.uspto.gov/

Next form your own company

Next narrow down the manufacturing process including factory, tooling cost, suppliers of raw materials etc.... so you can get a test batch made. While doing this contact possible suppliers, resellers, industry professionals etc.. and do the whole website, press release etc... to let people know about your invention

Once the first batch comes through you should start sending out samples with pricing, availability, company info.

Then make $$$

 

[SarcasticDwarf]

Depending on what you want to do and how much capital you have, there are companies that will do everything for you.

 

[edprush]

Originally posted by: doze
I'm sure there you can buy some good books on the subject but for the quick and dirty

Assuming your product has a market, start with a patent search b/c somebody else might have made it already http://www.uspto.gov/

Next form your own company

Next narrow down the manufacturing process including factory, tooling cost, suppliers of raw materials etc.... so you can get a test batch made. While doing this contact possible suppliers, resellers, industry professionals etc.. and do the whole website, press release etc... to let people know about your invention

Once the first batch comes through you should start sending out samples with pricing, availability, company info.

Then make $$$

Dag man! That was perfect. Thanks. From zero to retail in 6 easy steps!

 

[edprush]

Originally posted by: SarcasticDwarf
Depending on what you want to do and how much capital you have, there are companies that will do everything for you.

And those companies are called?

 

[ElFenix]

don't forget, you need investors. or loans. bonds, stocks, etc. in other words, capital.

 

[jlbenedict]

Damn... you should have applied and got on that American Inventor show a while back

 

[Cristatus]

Originally posted by: ElFenix
don't forget, you need investors. or loans. bonds, stocks, etc. in other words, capital.

Eff that...if you can afford your own capital, and are pretty sure of the returns on this product, then go ahead and do it yourself. Maybe, just maybe, if you need a investor, don't let them take more than 7.5% (why 7.5%? Because it's between 5% and 10%).

 

[edprush]

Originally posted by: jlbenedict
Damn... you should have applied and got on that American Inventor show a while back

My idea(s) are junk compared to most of those inventions.

 

[NanoStuff]

Magnets have already been invented. Plastic too I think

 

[edprush]

Originally posted by: NanoStuff
Magnets have already been invented. Plastic too I think

But has a genius come around to meld the two into one? Magtic! I'm f'n rich!

 

[QurazyQuisp]

Originally posted by: edprush

Originally posted by: NanoStuff
Magnets have already been invented. Plastic too I think

But has a genius come around to meld the two into one? Magtic! I'm f'n rich!

Looks like I just came up with a great idea.