Turning Your Product Dreams Into A Reality

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If you have come up with an idea for a product that solves a problem that you have, chances are this may be something that will be of great use to lots of other people too. There is a very strong chance that whatever problem you are facing and needed a solution for, plenty of other people all over the world have the same issue. 

So the concept that you have to solve this problem may well be something that could become a scalable business. Or, it may be a product that could be developed and taken into retail outlets all over the world with the help of the right manufacturing business. It is something that you could make money out of, and because of this, it is really worth spending some time to try and develop your product further. 

Creating The Plans

The first thing that you need to do when it comes to developing a product is to do some research and see what else is out there. You may have to dig deep as there may be smaller products that just have not reached your corner of the world yet. Essentially, your product idea will need to be perfectly original if you are to develop it and profit from it. If another item that is very similar is in existence, you may be in breach of their intellectual property and will run the risk of legal action being taken against you. Run some checks on patents that match your product idea. 

Next up you will need to draw up the plans and work out how you will create this product. If you are technical-minded, this may come naturally to you, otherwise, you may need to enlist the help of someone who is experienced in CAD and someone who will be able to help to work on the mechanics of the design.

Making A Prototype

Once you have the designs, you will want to make a prototype. This will help you to check that your product works as planned. You may want to get a manufacturer to make this up for you, and you may also want to look into having a Stamping Simulation

All of this will be useful for working out how your product can actually be produced. It will help to give you an idea of costings as well as any potential quality control issues that need to be worked through.

Pitching To The Industry

Whether you are planning on allowing another company to manage the production and sale of your product, or whether you want to take it to market yourself, you will need to pitch your product. This will either be to a company that are interested in buying it, or to investors who may be able to fund your project. 

Your pitch needs to be professional and should clearly define the need for the product, what the market demand may be, who will be interested. You will need to demonstrate that you understand what else is out there that could be similar. And then finally you need to get down to the details of the product including the unique selling points. You are selling your product and yourself as its creator.

How to Pursue a Good Idea When You Don’t Know Where to Start

Collaborative post – may contain affiliate links

Good ideas come in all shapes and sizes, and sometimes, the person with the good idea isn’t necessarily going to be able to achieve it on their own. For example, if you have a great idea for a line of cleaning products, you might have the marketing and advertising down and the funding covered but you aren’t entirely sure how to actually manufacture the product.

Or indeed, it might be that you can make the product, but every other step in the narrative to success is eluding you.

Don’t panic. This is normal. And, it’s why great inventors tend not to work on their own in a garage at the bottom of the garden, but in collaborative teams where other people and experts can help to refine their ideas.

If you’ve had a good idea but you don’t know where to start, this is what you should do.

Tell People About Your Idea

Of course, knowing that an idea can be done and finding a market for that same idea are two very different things. Talking to your friends is a good plan because they will be able to suggest ways that it might be made better or indeed point you towards similar products on the market.

It can be difficult to tell people about an idea you are holding close for fear of ridicule, but this really is the best way to get it out in the open and start to refine it into something that will sell. You might also be worried about your friend stealing your idea. This is natural and it is probably a wise choice to apply for a patent to protect your idea, and not just from your friends. This process will also show up any similar ideas that have already been patented.

Ask an Expert for Help

Good ideas are rarely the work of just one person so taking your seed and getting an expert’s advice will help the idea to take root. Continuing with the cleaning product analogy, you might want to seek the professional help of a company who can provide custom chemical formulation to find out how you can make the best product with what you have.

Make a Prototype

Once you have consulted friends and experts, it is time to make a prototype. This will show whether your idea actually works, for starters, but it will also flag areas that could be improved as will as parts that could be simplified in order to make the manufacturing process easier. Bear in mind that your first prototype will not be perfect and this is not a reason to give up, just a reason to continue refining and improving as you go along.

Don’t Wait Until You’re Ready

There is a whole blog on the subject but the headline is exactly as it states. If you wait until the perfect time, you will miss the boat. This is because there is no perfect time.

Trust your instinct, run with your idea and get it out into the world.