How Our Water Tank Level Indicator Was Turned into a Reality
If you have an invention or electronic product that you want to bring to market, there are a few essential steps that you need to take to make it a reality. In this blog post, we will outline the process that you need to follow to get your invention off the ground and into the hands of consumers. We will also discuss some of the familiar challenges that inventors face when trying to bring their products to market. Follow these steps, and you will be well on your way to success!
1. Define Your Invention
The first step in bringing your invention to market is to clearly define what it is and how it works. This may seem like an easy decision, but it is important to have a clear understanding of your product before moving forward. Take the time to draw up detailed plans or models of your invention, and make sure that you have a solid understanding of how it works. This will make the development process much easier and will help you avoid potential roadblocks down the line.
2. Conduct Market Research
Before investing time and money into developing your invention, you need to make sure that there is a market for it. This step is crucial in determining the feasibility of your product. Conduct market research to determine whether there is a demand for your invention and identify your target audience. This will help you focus your efforts and make sure that you are developing a product that people want.
3. Develop a Prototype
Once you have defined your invention and conducted market research, it is time to start developing a prototype. This will help you finetune the design of your product and ensure that it works as intended. If possible, work with a professional engineer or product development firm to create a high-quality prototype. This will make it easier to pitch your invention to potential investors down the line.
4. File for a Patent
If you want to protect your invention from being copied or reverse-engineered, you will need to file for a patent. This process can be complex and time-consuming, so it is important to consult with a patent attorney before moving forward. They will help you navigate the process and ensure that your invention is properly protected.
5. Find Investors
Unless you have the capital to finance the development of your invention yourself, you will need to find investors who are willing to back your project. This can be a challenging step, but it is essential in bringing your product to market. Try pitching your invention to friends, family, and business associates first. If you are unable to find investors through personal connections, you can always try reaching out to venture capitalists or crowdfunding platforms.
6. Develop Your Product
Once you have secured the funding that you need, it is time to start developing your product. This is where the challenging work begins. Work with a professional engineer or product development company to bring your invention to life. They will help you navigate the challenges of development and bring your product to market on time and within budget.
The best development companies will:
- Offer 100% money-back guarantees
- Have an in-house team of engineers
- Have a proven history of designing products
- Will have successfully manufactured thousands of units of various products
7. Market Your Product
No matter how great your invention is, it will not sell itself. You need to create a marketing strategy that will generate interest in your product and encourage people to buy it. There are several ways to go about this, so be creative and think outside the box. You can use traditional marketing techniques like advertising and public relations, or you can try newer methods like social media marketing and content marketing.
Australia is home to some of the best engineers and designers, and if you are engaging a specialized company, it is always a clever idea to find a local one.
When developing the Tank Level Pro, Fully Tanked Up used a Sydney Electronics company https://easyiotprojects.com/. We have worked together on product development and design, prototyping, commercialization and even manufacturing!
After all our humble beginnings started in our backyard. One day, the pool water level was low and needed refilling, but we were unsure if there was enough water in our water tank, and our water tank level indicator was born!
Bringing an invention to market is no easy feat, but it is achievable if you are willing to put in the challenging work and work with the right people. Follow these steps and you will be well on your way to success!
For any other information or advice on bringing the next great innovation to market, please do not hesitate to contact us. We would be happy to help!
Thank you for your time,