Finding a Manufacturer for the InventionPosted by Nixon Svendsen on March 24th, 2021 Your invention must be designed in an effective way such that it should think of a unique product. When Find a Manufacturer of your invention is fabricated into finished product, the Manufacturing of the invention comes into picture. The inventors' idea's for the invention requires a long journey from paperwork to marketplace. What plays an important role in between is the Manufacturing of the invention. Manufacturing of the invention opens a new horizon for the inventors so the start of the bottom line as new idea without a final product and its market will not contribute to the bottom line. When someone arises with the invention and its prototype, there are several methods to develop or manufacture and bring the finished product available in the market. The very first method for this is producing or manufacturing the merchandise by self. Starting a production unit is a Herculean task for the inventor because the process may indulge many obstacles as targeting the price, the market and the recruiting. But above all, the control of the invention and the company lies with you when you handle it with yourself without sharing the intellectual rights with others. The other way of getting the final product is licensing - selling rights to an individual or group to utilize your intellectual property and obtaining a fixed amount or a royalty in return. The company using your license begins manufacturing the prototype into finished product. Alongside these one can choose collaboration with already existing business or incubation centers. This activity will definitely save the amount of money and labor but the important thing will be slightly reduced as the profit will be shared by both parties. Rather one can go for what today's Fortune 500 companies are doing - Outsourcing. Outsourcing the manufacturing process helps you to save your time to market the merchandise, target sales and develop a brand identity. The best types of outsourced manufacturing are Adidas, Cisco Systems and Nike etc. For later ways discussed above, one has to find the Manufacturer, who will be giving shape and existence to the innovator's idea. The hunt for manufacturer might be challenging for an innovator because the decision of selecting and finalizing a manufacturer could be complicated. The manufacturer can be a home based company or overseas or internationally located unit. Similarly obtaining a reliable, affordable and competitive manufacturer who is confident to deliver for the product is important. If your choice in selecting a manufacturer is overruled the invention could be of no use. The innovator has to do some research on the ability of the manufacturer to qualify the process and the cost. The innovator can choose professional consulting to find out the capable manufacturer for the innovation. The Manufacturers for the innovation can be found from contacts in the similar field. The exhibitions, trade shows and product fairs can be helpful in finding a genuine manufacturer for your idea. Posting the ideas on the web, on similar communities or on discussion forum can also result in obtaining a feasible manufacturer. Expert advices are always beneficial to find and select a proper manufacturer.Like it? Share it! |