From mind to market correct

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Gary R. Bronga Bringing a New Product to Market

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Transcript of From mind to market correct

Page 1: From mind to market correct

Gary R. Bronga

Bringing a New Product

to Market

Page 2: From mind to market correct

Protecting Your Idea

•Patents

•Trademarks

•Copyrights

•Non-Discloser Statements

•Web domain and DBA

Page 3: From mind to market correct

Patents

•Do you need a Patent?

•Types of Patents; Utility and Design

•Provisional Patents

•Patent it yourself

•Patent Pending

•New Laws

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Page 5: From mind to market correct

PROTOTYPES•Locally

•SBDC

•Dun and Bradstreet Directory

•Search engine

•Local Inventor clubs

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Running a Business

•Limiting personal liability-the business structure

•Business software

•Business phases and cycles-start with the end

in mind

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Finding a Manufacturer for Your Product

•More than one manufacturer

•USA or Asia

•Non-disclosure forms

•Ask for references and check them

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Will My Product Sell?•Trial period

•Test prices

•Colors and durability

•Test for retail sales

•Test for wholesale sales

•Test, test and test some more

Page 9: From mind to market correct

Early Marketing

•Friends and family

•Niche marketing

•Trade shows

•Catalog buyers

•Online sales and blogs

Page 10: From mind to market correct

PR- The Benefits of Press Releases

•How to create releases•Sales

•Community awareness

•Shipping rates

•Banking benefits

•Many advantages over advertising

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Financing a New Business

•Begin Small

•Keep your day job

•Avoid debt

•Use your time and effort instead of money

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Starting a Business in a Down Economy

•The 1930’s

•Venture capital

•Dealing with Buyers

•Mail volume decreases

•Everyone is open to negotiation

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Negotiating•Everything is negotiable

•Price negotiations

•Quantity price maneuver

•You got to do better than that

•Everyone is open to negotiation

•Win-win vs. win-lose

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Persistence, Commitment and Integrity

•Merchandise buyers

•Dealing with mistakes

•Customer service

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Does Money Change You?

•Purchases orders and contracts

•Personal guarantees

•Employees

•Contractor agreements

•Litigation

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How to Bring a New Product to Market in Three Words

•Read My Book