Do you have a great idea that you have always wanted to develop as a new product? Maybe you think that you can invent the next big thing. Sometimes, it’s easy to have an idea, but hard to know where to go from there. How do you take your idea and make it into an actual product? The answer is product development.
How to Develop a Great Product
If you really want to turn your ideas into a new project, you need to have proof that you came up with the idea. Write down every single thing that you can think of about your idea. This includes what you want to invent, how it works, how you want to make it, and even how you are thinking about marketing. This is called an Inventor’s Journal. It will help you through the patent process. Make sure you get it signed by a witness once you’re done. Your journal must also be bound, with pages that are numbered consecutively, and pages that cannot be removed or reordered.
After that, you need to do some research about your new idea. Make sure that no one else has filed a patent on a similar idea. You can have a patent attorney do this, or you can try to do it yourself. You might also want to research your market. Make sure that there are actual people out there who want to purchase what you want to make. You’ll also want to make sure that you can produce your product for a price that they are willing to pay.
Next, you can make a product prototype. This is a model of your product and shows people who may want to invest in it or purchase it exactly how it works. You should make a prototype before you try to file your patent. That way, if you realize some flaws in your designs, or want to add some features, it’s not too late to put them into the patent, too.
You will now want to file a patent. It’s easy to fill out a patent application, but you will probably want an expert to look at it before you file it. You will want to make sure that your application does not contain anything that could possibly be considered a loophole later on, because people will try to copy successful ideas.
The final step to product development is to figure out how to make and market your design. You will need to find factories who can produce your product, source all of the different pieces necessary for the product, and more. You will want to compare prices, and you may even want to hire somebody to do all of this work for you.
At Tread Global, product development is one of our specialties. We would be happy to help you develop new products for your current business, or help you take an idea all the way through the process. Who knows? Your latest idea might be the next big thing.