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Should you sell on Amazon?- Pros and Cons on Selling On Amazon

Should you sell on Amazon?- Pros and Cons on Selling On Amazon 1

“Are you ready to expand your brand to Amazon, the fastest growing marketplace in e-commerce?”

amazon-selling

One of the main reasons why every seller should consider selling on Amazon.com is because of one reason- you can reach at the largest customer base online selling platform than found on any of the other e-commerce websites which includes eBay.

Additionally, what is even more challenging is the fact that you can potentially earn more money by doing lesser work!

Amazon is indeed one of the biggest ecommerce stores in the world. Shopify just partnered with Amazon to add some features that will allow entrepreneurs to sell their products through Amazon so easily. You can definitely use Amazon as a sales channel to grow your revenue.

Truth is, there is no perfect place to sell online, but despite that Amazon offers a wide variety of advantages for those who are willing to take risks financially, wish to reach a larger and more diverse online consumer.

PROS 

Amazon has Large Number of Potential Customers

amazon-large-potential-customers

The number of potential customers you can reach through Amazon.com is more than triple the number of potential eBay customers. Statistical data estimates the number of Amazon.com customers at 237 million. In a recent Forbes article, the Trefis Team estimated the number of active eBay users at 70 million. If these estimates are correct, you will reach over three times as many potential customers if you sell on Amazon.com.

Amazon built their platform in a way that it could cater hundreds

People Love to Shop With Amazon.com

amazon-online-shopping

People spend a lot of money on Amazon.com, and the amount of money they spend is increasing fast. According to Amazon.com, about their sales- the reported a revenue (the total amount of money it earns from sales) in June this year is of $81.76 billion. In June last year, Amazon.com’s revenue was $66.85 billion, according to Ycharts.

People spend over three times as much on Amazon.com as they do on eBay. A survey by the firm RBC quoted by Motley Fool writer Daniel Kline noted that the average Amazon customer in the U.S. spends $320 a year on Amazon.

What do these figures mean for the average seller? For starters, you should recognize the incredible amount of business to be had on Amazon. The tricky part is capturing some of this business for yourself.

 

Amazon have built Reputation over the Years

reasons-why-you-need-to-sell-on-amazon

Amazon.com has a much better reputation than eBay. Many people will not shop on eBay because they regard it as cheap and dishonest. Those same people love Amazon.com and shop there regularly.

Every seller should keep this in mind if they are choosing between the two big e-commerce platforms.

 

Amazon Prime            

people-loves-to-shop-on-amazon     

Programs like Amazon Prime can increase your revenues and customer base. Prime does this by encouraging customers to spend more money by offering incentives, such as giving customers free two-day shipping on a wide variety of products with no minimum order.

A survey of 2,000 U.S. Amazon.com customers by RBC found that the average Amazon Prime customer spent $538 a year on the site. Compare this to the $320 that the average Amazon customer spends and you will see the instant advantage to using Prime in your Amazon e-commerce strategy.

 

Amazon Has No Listing Fee

amazon-no-listing-fee

You will not have to pay anything to list an item on Amazon.com. In fact, you will not be charged until you actually sell something. This means you can list more items and leave the listings up longer, which is great news for a seller!

Be aware, however, that Amazon.com will take a hefty cut out of the sales price, usually around 20 percent. Amazon will take out an even larger cut if you participate in programs like Fulfilment By Amazon (FBA).

 

You do Less Work on Amazon

do-less-work-on-amazon

You may be able to do less work when you sell on Amazon.com. Unlike eBay, you won’t have to continually relist items, but you will have to handle the shipping and customer service chores unless you opt for FBA. The Fulfillment By Amazon program handles these tasks for American and UK sellers. (FBA is not available in Australia yet.)

We highly recommend that you read our article on Fulfillment By Amazon (LINK) if you are interested in reducing your workload as a seller.

 

Amazon Testing Purposes

test-product-performance-on-amazon

Selling through Amazon.com is one of the best ways to test the market for a new product. Amazon.com data can show you whether there is a demand for a product, what that demand is, and, more importantly, what you can charge for the product.

 

From Amazon to Your Online Store

amazon-to-online-store

Amazon.com can be a great means of driving customers to your online store. If you can gather contact information from your Amazon.com buyers, you can tell them about offers or products that are not available through Amazon.com.

This is a long-term strategy, but every seller should have this in mind when they start off.

 

Amazon Associates

amazon-affiliates-native-shopping-ads

As a seller, you can take advantage of the Amazon Associates service to promote products related to your industry on your website. This is basically an affiliate program where you earn commissions for sales. There is a danger, however, that there will be a conflict of interest between the products you sell and the products you promote.

The only way to avoid this conflict is to select the products you promote very carefully. The last thing you want to do is cannibalize your business (i.e., compete with yourself).

 

Charge Higher Prices

selling-on-amazon-charge-higher-prices

You can usually charge higher prices on Amazon. Amazon.com is basically a retailer. A retailer makes money by selling items at a competitive price; this is in contrast to a wholesaler (which charges the lowest price possible).

For example, on eBay (a wholesale market) the lowest price for women’s Ariat shirts was $5, whereas the average price for an Ariat shirt on Amazon.com was around $40. Part of the reason for this is that the items for sale on Amazon are usually new, while the items on eBay are often used.

Note: It can be hard to price items on Amazon.com and eBay because both sites list artificially low prices in an attempt to drive sales.

 

Trust Factor

amazon-trust-factor

Amazon.com is one of the most trusted brands in the world. People like Amazon.com and many of its customers in the United States are willing to pay $99 a year to participate in the Amazon Prime service.

So what’s the takeaway point here? If you sell your products through Amazon.com, your business will be associated with a brand that customers know and, more importantly, trust.

 

A Big Chance for the Little Guys

amazon-big-chance-for-new-entrepreneurs

It is impossible for the average person to get a product onto the shelves at a big retailer such as Walmart without spending a lot of money (or having some serious connections). Yet anybody can list a product at Amazon.com and put their wares before 237 million customers worldwide.

 

CONS

Amazon Fees

While some people may feel like the fees are too high, the truth is that they aren’t really when you consider what you’re getting. Imagine if you had to set into place the type of infrastructure that Amazon provides, the technology to check out, the customer base and more yourself? What is that worth?

 

The difficulty of Understanding the Marketplace Infrastructure

being-an-entrepreneur-is-difficult

While the infrastructure is indeed awesome for some people, the technology may be too hard to understand. This may require that you hire someone to help train you on how to do shipments and list your inventory properly. Thankfully there are virtual assistants that do only that for their customers.

 

Amazon has No Branding Control

amazon-has-no-branding-control

Selling on Amazon means you’re one of many million people selling products, and unless you are manufacturing a unique item only known to you as a merchant on your own, it will be hard for you to brand yourself. The brand that is on Amazon is simply Amazon.

You can notice that when you search for a product, the search results focus on the variation of products instead of brands.

You definitely have to decide for yourself if selling on Amazon is worth it or not for you. But do consider this: if you can price something well enough or have a unique enough product, you can make plenty of money on Amazon as a seller.

 

The 9 Basic Tips for Selling on Amazon

tips-on-selling-to-amazon

To get a good idea of how your business will perform in this marketplace environment, you’ll want to get a clear picture of what selling on Amazon entails.

 

1. What is the Buy Box?

When browsing on Amazon, customers will navigate to a product’s main page and click on the “offers” links below the product description (as indicated by the red circle on the screenshot below) to see the majority of available sellers. vblog_Amaon1

However, Amazon also gives merchants the ability to compete for the coveted “Buy Box” – the CTA button in that familiar shade of yellow. $56 billion of Amazon’s $62 billion sales happen right here, so it’s important to understand how it works.

The Buy Box is the box on a product detail page where customers can begin the purchasing process by adding items to their shopping carts.


2. How does Amazon determine who wins the Buy Box and the order of the merchant offers list?

Because a key feature of the Amazon platform is that multiple sellers can offer the same product, becoming the featured seller who wins the Buy Box is very difficult. In fact, it’s pretty unrealistic to think that your site is ever going to get ranked high enough to become the featured seller. But even if you never win the Boy Box listing, it is still important to understand how it works and how different parts of your site are weighted. Many of the things Amazon values fall in line with e-commerce best practices, so it’s in your best interest to be doing these things anyway. A number of factors affect where a merchant appears in the offers list, including:

Competitive pricing. This includes not only the product cost but shipping costs as well. Many shoppers expect to see low prices while browsing Amazon.

Competing offers. Generally, the more sellers there are, the harder it is to climb to the top.

How much history the merchant has on Amazon as a seller. Merchants who have long, positive selling histories with Amazon have better chances of obtaining one of the top spots.

How many Seller reviews the merchant has on Amazon. Online reviews have a huge impact on driving sales, and can really end up making or breaking your business.

There are many other factors as well, and there are some pretty good articles out there about how to optimize your sales. As a general rule of thumb, the most effective solution is to ensure that any transactions you receive through Amazon run as smoothly as possible. That means delivering your product in a timely manner and communicating with your customers along the way.

However, if you’re looking to break into the market a little quicker, here are two shortcuts that can help:

Start by selling a low-competition item to boost your seller ranking. This will increase the probability that the offer will show higher for more competitive products.

Try offering a very competitive price for a popular product. This draws in bargain shoppers and can increase your seller ranking. You can check out Amazon's "Most Wished For" list to see the most popular items by industry if you need some inspiration.

 

3. What is Fulfillment by Amazon (FBA)?

Fulfillment by Amazon is a program where you send your merchandise to one of the many Amazon fulfillment centers to be stocked; then customers buy products from you, and Amazon ships them. This sort of arrangement allows you to focus on other aspects of running your business while Amazon handles many facets of shipping and customer service. Other benefits include extending the reach of your products to Amazon Prime members and gaining an extra push towards winning the Buy Box, even if your products have a bit of a higher price. With Volusion, merchants have the ability to set up different shipping options including drop shipping, which allows flexibility to try using FBA. You can learn more about Fulfillment by Amazon here.

 

4. What types of merchants tend to benefit the most from selling on Amazon?

Three kinds of merchants tend to perform particularly well on Amazon:

Merchants selling unique-to-them products.  (e.g. companies who produce their own products, such as a company that designs its own jewelry)

Merchants who sell hobby or niche products. Amazon generally won't start fulfilling or carrying hobby or niche products, so there's less of a risk you'd have to compete with Amazon itself.

Merchants selling refurbished or used products. Amazon has a huge market for these products, as they attract shoppers whose main concern is price and don’t mind waiting for shipping. It is worth noting, however, that used products cannot win the Buy Box spot.

That said, the benefit of owning your store’s URL and fully branded website cannot be overstated; this gives an extra level of credibility and authority, and visitors are more likely to remember you versus someone else. Many merchants who achieve popularity on Amazon still find it essential to have control over their own e-commerce website and branding. This allows them to achieve a fully independent store presence and market to large audiences outside of Amazon through other marketing channels.

Other frequently asked questions about selling on Amazon Marketplace

Now that we have the basics covered, let's get into the nitty-gritty. Here are a few common questions about the details of selling on Amazon:


5. Why should I associate one of my products with an Amazon product that's already listed?

Products are only allowed to be listed once in the Amazon catalog, so creating a second product detail page for an existing product will result in your listing being removed. By matching your product to the product detail page that already exists, your offer has a chance to be seen.

 

6. Why can’t I use certain shipping methods at first?

Amazon doesn’t allow new merchants to offer certain shipping methods right off the bat, such as two-day shipping. These shipping methods have to be earned by establishing a history of reliable shipping at the slower shipping speeds.

 

7. Why aren’t I being compensated correctly for shipping?

Amazon determines how much they think it should cost to ship a product based on the merchant’s origin, the customer’s address and the given weight of the product. However, oftentimes the amount of money that Amazon reimburses merchants for shipping won't match the actual shipping cost.

 

8. How can I increase the number of reviews on my Seller account?

Please note that merchants are forbidden from soliciting or paying for Seller Account reviews. Any sellers who engage in these practices risk having their accounts suspended. Your best bet is to give customers a great shopping experience (including aspects of product price, clear and informative customer communication and shipping reliability) so they want to vouch for you on their own. If your business is hurting for reviews, we have some advice to help you out.


9. Are there any policies I should look over before I start selling on Amazon?

Here are some policies you may want to review or view on their website before selling on Amazon:

  • Product detail page rules
  • Shipping policies
  • Policies and agreements
  • Selling Policies
  • Prohibited seller activities and actions

When you want to sell on Amazon, the best advice we have is to first know your business, and know what you're getting from it. A new Amazon integration means a lot of new opportunities. By doing an audit and focusing on your business' needs, you'll be taking your online success to the next level in no time.

Good luck in your selling venture!

Need help selling on Amazon? Not sure where to begin?

Schedule a Consultation

    

My Top 10 Best Marketing & Productivity Tools - You’ll absolutely Love to Grow Your Business

My Top 10 Best Marketing & Productivity Tools - You’ll absolutely Love to Grow Your Business 0

Marketing strategy begins right after you are done with content research and writing. Try skipping it and there would be little to no engagement with your newly published content, which later on you’ll think about where it all went wrong.

With so many social media and other networks in marketing out there, marketing on the internet now makes it more complicated than the traditional billboard and print ads that we have used for marketing in the past.

Being consistently active in your audience is still a little too much to ask for both new and veteran marketers and bloggers.

What most companies have figured out is how to utilize the use of available tools at hand to save more time on marketing and researching new topics much easier. Big data is now influencing online marketing, especially in the 2018 and keeping ahead of it, is imperative.

Having engaging content is one of the key things that will make you stand out, and the right tools to get it into the hands of readers are very much needed. To help you speed up your online marketing efforts, you will definitely need the right marketing tools to make things easy for you especially on the promotional fronts.

Below are the 10 Best Marketing and Productivity Tools that you might actually want to check and see which one can greatly contribute to your social media success.

 

IFTTT for content-automation on Social Media

marketing-tool-iftt

IFTTT means “If this, then that”. This marketing tool lets you set up some rules that will make running your social media marketing empire so much easier, called applets.

An applet is triggered by changes that occur within other web services such as Gmail, Facebook, Telegram, Instagram, or Pinterest. [5]

For example, an applet may send an e-mail message if the user tweets using a hashtag, or copy a photo on Facebook to a user's archive if someone tags a user in a photo.

You can create rules that will trigger specific actions when something happens. Example: You can create a rule that means every time you get a Google notification for a specific alert; it is automatically added into a Google doc so you can check them all at the end of the day.

The rules you will be creating can eliminate lots of manual back-and-forths, and can massively help you streamline your process in a way that emphasizes and enhances your individual productivity. IFFTT saves me tons of time on Social Media from reposting the same content on several social media platforms.

 

Facebook – The Most Popular Social Media Network

 facebook-ads-manager-2018

Facebook is one of the most popular social network platforms nowadays. There’s huge strength in numbers, and with over 1.4 billion users and over 900 million of those users visiting the site every day, Facebook is indeed a giant in social media. If you’re like most small businesses, you simply can’t afford to have a presence there.

Facebook users encompass all demographics. Whether you’re trying to reach teens or seniors, you can find them on Facebook. According to Pew, some 72 percent of online American adults use Facebook. Eighty-two percent of online adults ages 18 to 29 use it, 79 percent of those ages 30 to 49 use it and 64 percent of those ages 50 to 64 use it. Even among Internet users aged 65 and up, nearly half (48 percent) use Facebook.

Facebook advertising is also affordable. The average Facebook ad would cost just $5.99 per thousand impressions. In addition, you can set and control your own budget so you don’t face unexpected marketing costs.

Facebook advertising is highly targeted. You can target your audience by location, age, gender, interests and other factors. Use the Custom Audiences feature to target existing customers safely and privately. Or, market to local customers with Local Awareness ads that reach customers on their mobile devices.

Facebook also lets you reach out to website customers. Facebook’s re-targeting option allows you to show Facebook ads only to people who have previously visited your business website.

Facebook helps you measure your results. Still, doubt that Facebook is an effective marketing tool? Don’t take my word for it: measure the ROI yourself. The free Facebook Insights tool lets you track the results of your Facebook marketing, including ads and organic posts. You can get detailed information about how prospective customers are engaging with your business on Facebook, such as how many likes you got this week and how that compares to past measures, what type of engagement you received (likes, comments, and shares) on posts, and which ads drove traffic to your website or other actions.

I did a Podcast episode dedicated entirely to Facebook.

 

MailChimp – The Best Email Marketing Tool

MailChimp is one of the most widely used Email marketing tools to get your content delivered directly to your subscriber list. With even support for creating and building an Email list, this free tool has got you covered on all fronts when it comes to Email Marketing.

Gain more new subscribers to your blog and increase your list by making use of MailChimp’s services. I especially love the automation features I'm able to create, such as retargeting emails, welcome emails, abandon cart emails etc.

 

 

Canva – The Easiest Tool for Creating Social Media Graphics

canva-marketing-tool-graphic-online-software

It’s an amazing tool which allows you to create different kinds of promotional content, including but not limited to:

  • Flyers
  • Posters
  • Menus
  • Business Cards
  • Logos
  • Social Media Posts, Graphics & Banners
  • Magazine & Book Covers
  • Certificates
  • & much more! But what’s the catch? Like you’re getting all of this and that too without a watermark?

Well this time, fortunately, that is the case. No compromise on quality or any sort of watermark.

I’ve found a lot of solutions out there, but unfortunately, most of them include Watermarks. If not watermarks, then limited design options or poor quality, but that’s not the case with Canva.

If you’re one of those people that don’t like starting off from scratch and needs a kickstart, there are numerous amazing templates for you.

Hate crawling the web searching for license-free images or just too busy? Well, they’ve got a free images module built in allowing you to choose from an unlimited range of photos.

You also get to choose from Grids & Frames to give your design a solid structure.

Choose from a variety of charts to showcase in your next presentation.

Set custom backgrounds using photos

Create a team to collaborate with other graphic designers.

 Canva is a lifesaver for a none techy person like myself.

Shopify – The Most Powerful E-commerce Platform

shopify-marketing-tool-ecommerce

Shopify is one of the most powerful e-commerce platforms for businesses of all scales. There is a wide range of top Shopify apps in the market, which makes it a tough choice for entrepreneurs to choose what works best for their online stores. My favorite thing about this Platform is the customer service, it's excellent and the user face is so simple to set up a website. 

Start your 14-day Free Trial Today

 

Evernote – A Tool to help you Keep Everything in Sync

With Evernote, you can keep everything in sync. All of your notes, files, web clips or images are available on any device and computer you are using. From short notes to lengthy research, no matter your writing form, Evernote can you focused on turning these ideas from inspiration to actual completion.

You can save every file you file cool and exciting online or in the actual world. Take photos, record audio, and save it. You can also save entire web pages to Evernote with its nifty browser extensions. You can get the whole webpage: text, images, and links.

If your business involves you always moving but you want to have your notes with you, then this tool is good for you. With Evernote, your memories are readily available and accessible on any computer, phone, or device you are using.

You can also share your notes with business colleagues or friends.

In Evernote, you can keep itineraries, scanned travel documents, confirmations, maps, and plans, so you will have them easily accessible when you need them.

Evernote’s powerful search and discovery functionalities make everything you have collected so far easy to find.

Have fast and effective meetings by showing your work as it evolves. There is no need to build slides, just a single click and your notes can be quickly transformed into a screen-friendly, beautiful layout.

 Try Evernote today and Thank me later!

 

Asana - A Free and Powerful Task Management Application

Collaboration is beautiful. Asana can be used directly through a web browser or its smartphone application.   It’s free and you just need access to the internet.  Asana is not great because of its robust features; it’s great because of its simplicity.   At first glance, you may think this is another application with a steep learning curve, but if you can just allocate a small amount of time to play with the application, you’ll notice how easy it is to pick-up.

Asana feels like an elegant and sophisticated upgrade from a notebook.  It’s fast, intuitive, and easy to manipulate. The application responds and accepts input quickly and saves automatically.  Additionally, Asana’s taxonomy features and user interface make it easy to navigate, prioritize, and organize.

 

Onlypult – The Time-saving Instagram Scheduling Tool

Onlypult is a convenient and effective social media solution that saves time when creating and scheduling Instagram posts.

Instagram does not have an option to schedule posts in advance, not do any of the major social media planners such as HootSuite or Buffer.

The main benefits of Onlypult are:

  1. Post Instagram images from your computer – you don’t need to post to Instagram with your tablet or smartphone.
  2. Schedule Instagram posts in advance – you can schedule one or more Instagram posts to go live at times that are optimal for your audience, complete with text and up to 30 hashtags.

Onlypult offers a free 7-day trial, then converts to a paid plan, starting at $12/month to manage up to 3 Instagram accounts.

 

Here’s How Onlypult Works:

  • log into your Onlypult dashboard from your laptop
  • upload images from your computer
  • add text and up to 30 hashtags
  • schedule your image to post now or up to
  • Onlypult Pros
  • schedule posts individually, or use Onlypult’s Planner feature with your preferred posting times
  • supports images of different size and shapes – the Instagram app only supports square images
  • built-in filters
  • supports up to 30 hashtags
  • calendar view of upcoming and previous posts and interaction (all posts: not just those posted via Onlypult)

Onlypult Cons

  • doesn’t support video (soon, I hope!)
  • analytics don’t offer much information

features are not well-documented and are hard to find, such as changing the time zone

 You can use my referral code to save 10%, you'll love it!

 

Acuity Scheduling - How Clients Schedule Appointments Themselves

acuity-scheduling

Acuity Scheduling is easy-to-use and user-friendly scheduling solution using which clients can quickly view real-time availability, and book their appointments accordingly. This saves businesses from most of the headaches and mix-ups related to manual scheduling.  Its powerful calendar coordination features automatically notify when an appointment is booked and allows checking schedules from mobile devices. It supports Google Calendar, iCalendar, Outlook and Office 365.

The software eliminates usual scheduling mix-ups through calendars that update automatically, and adjust according to different time zones. This allows clients to easily cancel and reschedule appointments themselves as per their convenience. Managing multiple locations and staff is also made easier, as clients only see the calendar that you want them to see. New clients can be prompted with intake-forms to collect all the required information while they are booking an appointment. This means that you get a more efficient approach towards gathering all the information in one place.

The software makes it easier to track down revenues by breaking down paid/unpaid appointments, no-shows, fulfillments and hours spent by service. Almost everything is customizable to match the existing branding of your company, while calendar can also easily be shared on the social media via Facebook, Google+, Twitter, and email. The calendar can also be embedded to the website for a more streamlined and seamless booking experience.

The solution is also HIPAA compliant, meaning complete security of customer’s information. Being a web-based solution, Acuity Scheduling can be assessed from anywhere using any device with a browser and an internet connection. Clients can make single/multiple bookings as well as class and group appointments. Its support for a variety of online payment solutions, including PayPal and Stripe, allows clients to easily make payments and makes the process a lot easier for the businesses as well.

Try it out Today!

Instagram

instagram-marketing-tool

Best of all, Instagram is a proven social media platform that helps businesses engage current customers and attract new ones. Here’s why most businesses should incorporate Instagram into their marketing campaigns. 

Instagram is growing at a record-breaking pace when compared to Vine which has just over 200 million users worldwide (as of December 2015).

In fact, the growth of Vine slowed down after Instagram added the video sharing feature on its platform.

When it comes to video marketing, beautiful content is what attracts the attention of people on social media. Instagram allows you to spice up your videos using filters.

Add a personal touch or create a welcoming background for your videos and make them more shareable. Vine users will have to miss out the benefits of Instagram filters.

Instagram lets you talk more about its 15-seconds video feature, so this again is something you need to consider when comparing the two video sharing platforms.

From our experience, these are the best-known ways to leverage the benefits of marketing on Instagram and boost your traffic and sales on a budget. 

Hope you enjoyed some of my favorite marketing & productivity tools.

Until next time, DREAM BIG!

 

*Full disclosure: This post contains affiliate links. This means if you click on the link and enroll in any of the apps or programs, I will receive an affiliate commission. I've personally used all of these programs  to build my business.*

  • DIR BLOG
How To Create A Prototype

How To Create A Prototype 0

A prototype is simply turning the idea or concept of your product into reality. To encourage people to invest in your idea or product, it is very important to make it presentable first and that is what a prototype does.

Now the next step is how to do it? How to convert your imagination into reality? Following are the steps that will help you in converting your dreams into a reality of a new idea:

Make a clean sketch of your invention:

-prototype-steps-sketch-your-invention

Before you start building your product, make a rough but clean sketch of your invention on a paper. It will give you time to improve it further or to correct the flaws. You can also make a CAD drawing if you have that software. Try to keep all the drafts and rough sketches in one file. I love CAD Drawings/Models because it gives a clear and concise vision of my exact thoughts visually. So we often opt for CAD renderings for all our product ideas before moving forward.

 

Make a rough handmade version:

handmade-version-invention-prototype

In this step, the design does not need to be perfect, it should, however, be presentable. It can be made with any material like wood, foam or metal etc. It should be similar to the invention as much as possible. The reason is to make sure that creating your product, in reality, is possible. Use the material if possible that you will be using for the actual product. For example, for our teething mitten invention, we purchase a snow glove and modified it as close as possible to our CAD rendering.

 

Make a CAD model of your product:

cad-model-product

There are different types of software available that will help you in CAD modeling of your idea. Such programs include Invision and Prototyping on Paper. It will save your time and cost you less at the same time. You can take the help of any programmer or do so on a mobile application. We work with an design engineer. 

 

Use a program for modeling:

program-modeling-prototype

Apart from making a sketch by yourself on a paper, you can also take the help of a modeling software. This software takes your idea and turns them into a computerized version that will assist you in seeing the real version better. In this way, your time will be saved and it will cost you less to build a design that is both interactive and in 3D version.

 

Search for suitable prototype maker:

prototype-maker

Points involved in making a prototype are labor costs, molding, and assembly. Search for a prototype maker that is accurate for all your needs. You should discuss every detail with them including what material you need and what cost you can afford. You can also contact some local student or use free resources in order to make a prototype. 

 

Protection of your design:

NDA-make-sure-product-invention-is-safe-patent-prototype

Get a complete history and credentials of the prototype company or engineer you decide to work/consult with and delivering your design to. Get the reviews of the company from its customers as well or get referrals.

To protect your product, you must make sure that they sign an NDA (None disclosure agreement) so that your product concept/idea is safe to share. You can also later down the line, get a patent for your invention and in this way, your idea will remain authentic and no one will likely try to copy it. Ok, REALITY check. An NDA won't stop someone from taking your idea. Just like a patent is only as strong as you are able to financially protect it! So place those fears aside and just EXECUTE your idea.

 

Go for 3D printing:

3d-printing-prototype

The latest trend used by most of the industrial engineers these days is 3D printing. The CAD designs you have already made are scanned and 3D models are made by layering the required material. Now, these printers are also available at homes so you can make one by yourself. Don’t forget to get NDA signed before discussing your design. We normally print our 3d cad designs with a local printer. We just simply upload the design to their website portal and receive a 3d printed version of our idea based on our CAD rendering. You can check them out here: https://voodoomfg.com

 

Find investors:

find-investors-prototype

The better your product is, the easier it will attract investors. At first, you can seek funding from your friends and family or use your savings if any. If this idea does not work then you can go for investing companies. You can search an investor through different websites like Kickstarter and Y Combinator. Search for the brands that might be interested in your product. This route is totally dependent on whether or not you need an investor of course. You can always do a small trial run and see how sales go to prove the market, before even pitching to investors. Or simply just to grow the business this way.

 

Complete the orders:

sell-products-online

Try to sell as many products as you can. You will have to manage the initial costs so start with a small investment at first. The first production must be done with complete accuracy and you should never compromise on quality.

You can easily follow the above steps and turn your Dreams Into Reality. You can make your idea come to fruition by presenting it in the form of a prototype. 

Here is an example of our very own Cad mockup turn to a shelf-ready product that you can now purchase worldwide. Having a prototype is one step, but DOING the work to execute your Dreams Into Reality is where the real reward comes to life!

               

Since we've invented and brought to market several products, and built an amazing team. We can take the stress out of this entire process for you.

Let us assist you today with getting your idea to market.

Schedule a Session Here