Developing New Product Ideas - Function, Cost, and Demand?

What should it look like, how much should it cost, who will purchase it, and most important, how does it work? That is the question/s!

 

 

Objectively compiling this information before spending the big bucks on the “new product idea” is what experienced innovators always do!

What should it look like, how much should it cost, who will purchase it, and most important, how does it work?... The table saw miter was a low volume specialty product with realistic sales projects.

1 - How many consumers will purchase a new product concept and what will they pay for it? Yes! It’s as easy as that! 

 

 

 

I went as far to contact a manufacturer of the popular edging pad. I agreed with him the pad was easy to use. Why challenge it.

All product ideas have perceived value and that's what prospective customers will pay for, and no more! 

This toothbrush was easy to model and even raised some interest.

This view obviously stashes away with credit cards. It can be there when needed. Fresnel lenses are easy to mold and coat. No one invented the lens here. Can new uses be patented?

What's not to love about biscuit joinery. A great invention all around. Maybe for knock-down construction, something less permanent would suffice.

2 - Design firms are structured to support retail businesses with their new product endeavors.  New innovators usually can’t afford large conference room luxuries.

Note the relative size of the blades camparted to push tacks. They are small, delicate, and very hard. Maybe they can be honed, but never sharpened. The thought persisted through stuboness, not common sense.

When the ideas persist for new innovators, what to do with the ideas is challenging, and when not careful, very time consuming  as well!

We've all heard about bees gettinginto open soda cans. Why nnnnnot a sheet plastic cover, with some congrats or similar print on it?

What should it look like, how much should it cost, who will purchase it, and most important, how does it work?

Every home with a  baby or two needs something like this. Where are they? Lots of patents but few,, if any products.

3 - Common sense and hard work can address all financial challenges when proving the product concept.

There may be one or two on the market today.. I didn't pursue it because real carvers use very sharp knives. Maybe it would be useful for roughing out tasks.

All experienced innovators make time to 'belly-up' to the bench and get it done to the point where they can intelligently file a Provisional and openly get on with the exciting task!

We made and sold 10,000 moatly to addresses in South America. The present popular drill grinder was going for about $130 when I came up with a low cost alternative. I should have gone for a more industrial style.

What should it look like, how much should it cost, who will purchase it, and most important, how does it work?

The Chestmate Dovetail Jig did O.K,  When the dovetail array template came out after the patent expired, sales for this neat dovetailing and box joint Jig drie up. Such is business.

4 - Computers don't think. New and old innovators do. Save the wonders of Computer Technology for the day you can direct it in a definitive direction.

Any woodturner knows what this is. How original my fixturing was, I don't know. Turning should be relaxing. No true turner would buy a kit to make templates for speeding up the process. Some people get bored easily. A lot of comments on youtube.

My version of a flip saw, table and chop, was invented when B&D was selling theirs in Europe. Stupid me! I worked on it for two weeks before calling them with their great idea.

Every home should have a Picture hanging Tool. There may be more than one version out there already.

Guys don't care about broken nails. Girls do. Such a easy fix!

What should it look like, how much should it cost, who will purchase it, and most important, how does it work?

5 - Hours of conceptual sketching and crumpled paper happened before I turned on the computer for a small engineering firm in Cambridge, Mass.

Unfortunately, computer renditions always convey a false sense of completion.  

What should it look like, how much should it cost, who will purchase it, and most important, how does it work?

6 - Once we know the destination of our product concepts and how they are intended to function, a Provisional Application for Patent is not difficult to prepare and submit to the U.S.P.T.O.

A pictorial and written description is necessary, enough for  a skilled craftsman to fashion one, if asked to do so by a Patent Law Judge presiding over a dispute.

What should it look like, how much should it cost, who will purchase it, and most important, how does it work?

7 - A provisional, properly prepared, is the only way we can work openly on our product ideas before filing the very costly Utility Patent. They cannot be fast and careless if expected to protect our product ideas.

What should it look like, how much should it cost, who will purchase it, and most important, how does it work?

8 - My service is realistic conceptualizing in sketch form what your idea is, followed by a written description of the idea and how it is intended to work. With that, after filing your application, you can share it comfortably while doing your homework.... Example Above

What should it look like, how much should it cost, who will purchase it, and most important, how does it work?

9 - Note: The product concepts shared on this site may no longer be exclusive to my new product idea initiatives. Most are only concept proposals displayed in a manner that should suggest an idea can be brought to evaluation definition cost effectively.

What should it look like, how much should it cost, who will purchase it, and most important, how does it work?

 

Call the above repetition if you like. It is meant to be. Most experiences for new innovators developing a new product are bad ones. They always have something to do with one or all of what is repeated above.

 

Every product idea has a perceived value, even before it is originated. Rarely is a new idea in a category all by it's self. The manufacturing always costs about twice what was optimistically estimated. The keyword is three words back. The innovator is the last person to suggest how many will be sold. Everyone knows that. Making all of them work on the production line is something that happens after tens of thousands have been manufactured.

 

Don't believe anyone. Know enough about it for a Provisional and eventually a working model. It simply has to work and definitely doesn't have to look good. The non-working props need to though.