You’re likely reading this article today because you’ve spent a lot of time, effort, and money creating an excellent electronic device. Of course, you want to manufacture and sell your invention so that others can benefit from it and enjoy using it.
The thing is, many inventors aren’t business people. Do you have a passion for electronics but lack an entrepreneurial mindset? If so, the following five tips will help you to bring your electronic invention to market quickly. Here’s what you need to keep in mind:
1. Outsource your business processes
When you invent an electronic product, you need to register a business for tax purposes. But how can you afford to pay for things like graphic and product design, marketing, logistics, and accounting?
The simple way to overcome that hurdle is by outsourcing your business processes. You’ll save plenty of money doing so compared to hiring teams of staff. Plus, your customers won’t even realize those outsourced providers aren’t your employees.
2. Make sure plenty of people test your invention
It makes no difference whether you’ve invented a cool electronic gadget or a simple kitchen utensil. You need to ensure that your invention is a viable product for your target audience. Also, you need to check that it’s safe to use and won’t cause your customers any issues.
That’s why it makes sense to have a selection of people that are ready and willing to test your invention. They will identify any potential problems that you can fix before your electronic product gets packaged up for retail sale.
3. Streamline your material source processes
You’ll likely need a variety of raw materials to manufacture your new invention. You’ve undoubtedly purchased materials from various places, but is it a good idea to do so when you’re manufacturing your invention on a mass scale?
When it comes to sourcing electronic components, you could use an online tool to streamline your materials source processes. What that means for you is choosing materials for the best prices is quicker and easier than your current methods.
4. Make your invention stand out from the crowd
You can’t just package your invention inside a crudely-made metallic box and hope for the best. Sure, your invention may have a lot of useful features and benefits for your target audience. But, appearances count a lot when you’re trying to sell a product.
It makes sense to entrust your product packaging design to a specialist. They can create a product design that appeals to your potential customers. Plus, they’ll even take care of the shipping box design as well – something that’s useful when you’re trying to sell to retail.
5. Sort out your product support before you go live
Last but not least, you should ensure that you’ve got the right support for your product. Some of your customers might have trouble using your invention or understanding how it can best meet their needs.
They’ll contact you if they have any questions or complaints. Have you got the support in place to backup your product? If not, research how you can put that in place. Some examples include:
- Having a website with full product documentation and online support;
- Hiring an outsourced support company to answer any general queries;
- Creating instructional videos that you can share on social media.