There's a big difference between a brilliant idea and a brilliant product ready to hit the shelves. We can help you... in 3 simple steps:
Is your idea original? An idea not in the shops, may still be patented! First step is to get a Worldwide Patent Search. Then together we'll define why people will buy this product, rough price & how it will be sold.
We can then design your product - making sure it works well, looks great and can be manufactured efficiently and cost effectively. A 3D CAD model acts as a virtual prototype to prove the concept.
Finally, we produce a professional presentation and prototype(s) of your product - this will be your critical tool for generating commercial interest in the idea or convincing investors or manufacturers to back you.
Making Money From My Idea
From here, you will need to decide which route to market you will take; Self Manufacture or Licensing. Both routes have very diferent costs - and returns:
Option1 - Self Manufacture
So, you've got the design, you've shown off the prototype and you've got some big orders from a retailer... Self manufacture is a high-cost / high-return option. You pay for the tooling and production, but you keep 100% of the profits from sales.
100% profit retained
Full control over the product
Massively challenging and satisfying journey!
Huge tooling costs (although some manufacturers will offset costs upon production of a sales order)
Full responsibility for managing the product and keeping the project on track!
Long term commitment to building a company to sell.
Option2 - Licensing
You love the design and the prototype works a treat, but you don't fancy launching this yourself... Licensing is the lower-risk / lower-return option. It's not easy to successfully set up, pitch and negotiate a licensing deal with a manufacturer. But achieve this and you'll be paid a % share of revenue without having to worry about tooling, production or marketing.
No big tooling costs
Just get a percentage of profits!
Keep the day job... no long term commitment to running a company
Much smaller share of profit - typically between 2-10% depending on the IP value, sales volumes and profitability.
Little control of the product or marketing
Usually needs a lot of patience and persistance to get a deal done...
Think You've Got What It Takes?
The only way you'll see your product idea on the shelves is to take action... The next step is simple - get in touch with the best team to help you:
