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5 Things to consider when creating a new product

Products that make or save money

People always want to make more money. If your product or service will help them earn more or save money they will always buy it. Even if your product is not directly connected to making money, it is always a good idea to explain how it can save money for them.

Products that help people learn

People are always looking to learn something new. "How to" guides are always popular for this reason. This is also the reason why there are so many ebooks out there. Be careful about this because it is one of the most competitive niches on the Internet. However, this is also one of the easiest niches to enter.

Products that entertain

It is no surprise that the top searches on Yahoo Buzz are almost always about TV shows, actors and sports. This niche does require some unique expertise. Go for it if you have a good talent for creating entertaining videos, cartoons, etc.

Products that make life healthy and comfortable

People want to live as comfortably as they can, without any aches and pains. Do you have an idea for a product that will help them do that? This niche is often abused and may have a bad reputation because of all the spam associated with magic herbs and pills.

Products that save time and effort

People love pressing a button and getting things done! Do some research on popular topics and make your work available to your customers for a price. You could also create a software that will save your customer hours of work.

IWU is making the inventing process available to all, from the average Joe or the most sophisticated inventor. There is never any absolute secure way to protect ideas. We can sign a Non-Disclosure Agreement with you if you wish, so you can feel free to show us your idea. But understand that even a patent isn’t absolute in protecting you from others copying your product. The key is to get it produced and in the sales channel before anyone else so that you become the Brand Name. Then if others copy your great idea the public knows that it is a copy of the original brand.

What protects my idea?

Well, let’s put it this way, would you understand an idea that was presented with a text description only? Remember a picture is worth a thousand words. Videos, photos, CAD drawings, presentations or if you have no skills, draw it the best you can on paper then scan it and upload it to us. We can except jpg, png, gif, pdf, mp3, mp4, mpg, wmv. The total size of all attachment uploads can’t exceed 10MB.

Are drawings necessary?

IWU is open to all ideas with these exceptions. No business startup plans, food products or recipes, website business ideas. Don’t spend a ton of time on your idea before you check to see if there is a similar product already on the market. Google your product idea in many different ways (example: [your idea name is AutomaticPooperSeat] then try searching for “automatic toilet seat”, “toilet seats”, “hands free toilet seat” and so on. Use YouTube as one of your searches as well. Questions to ask yourself about your idea are (1) Is this a product that can be used by everyone? (2) Does this idea improve our lives in some way? (3) Does my idea solve a problem that exists in more than 50% of the population? (4) Is my idea something that will be needed for years to come? These are some of the question we use to determine if we want to move forward with the idea.

What are we looking for?

Your idea doesn’t have to be the next big thing since sliced bread, but it does need to have enough support from the community. Before an idea is picked it will flow through a team of inventors and consumers to evaluate if the product would be likely to sell or not. If your idea is rejected, don’t let it shatter your dream! Some of the best ideas had to be rejected, reviewed, and re-submitted before they became a success. Open and honest feedback is a valuable asset we offer at InventWithUs.

Board Room Review - Our team of inventors will regularly review popular ideas and contact you via email if your idea moves forward. During this process, it will be sent to a group of industry experts who will discuss the potential of the idea along with possible difficulties in getting them to market. From these reviews the idea can either be rejected or move to a process of evaluation. If the idea is rejected we will send you the feedback we received from the experts which we hope gives you valuable knowledge to fuel your creative drive. If an idea is chosen for Evaluation we will also provide you feedback via email about the process.

How do we choose which ideas will be produced? Back to top Back to top Back to top Back to top Non-Disclosure Agreement 6 Common Errors