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Here’s an insightful blog that tackles the product brainstorming process. This product development phase is crucial in selecting the best ideas for the final presentation.
A Non-Disclosure Agreement (NDA), also known as the confidentiality agreement, is a signed document between innovators and recipients. This helps inventors maintain their right to the information or data relating to the innovations they have created or owned.
Similar to a non-disclosure agreement is a brand authorization letter. This document is signed by the brand owner to authorize the vendors who want to sell the products with the mentioned brand name.
How to evaluate a patent’s value? The value of every patent varies and can be very difficult to evaluate. Listed in this blog are some common factors:
Product prototyping is a crucial stage in product development. It is the initial process to turn ideas into tangible and highly functional items.
Drop testing is a procedure used to evaluate how a product packaging and its contents react to impacts such as free-falls, tumbles, and other types of handling during the shipping and distribution process.
Find more about this testing procedure by reading through this blog we prepared for you!
The pricing process for a new product may also involve shipment calculations. Air freight is preferred by many instead of ocean freight because shipping takes a lot shorter. It is also more reliable, as well as flexible.
Learn how to calculate air freight costs by weight or volume with this simple guide we developed.
As inventors ourselves, the ODM team takes great pride in being one of the pioneers in the Promotional Product industry. We are always on the lookout for thrilling product ideas and trends in the market to ensure that our clients are always ahead of the game.
Our team will be happy to assist you in all steps of product development and other promotional product services you need for your business.
Injection moulding is a manufacturing process where a similar part is being made thousands or even millions of times in progression. It allows factories to mass-produce parts faster and more efficiently.
What are the costs involved in product development? How can you fund it through CrowdFunding? Take a read on this blog and learn more about this fundraising practice for businesses and organizations.
What exactly is good manufacturing practice? Why it is an important part of production and quality management especially for food, medicine, and medical products? Read this blog to find out.
Don’t know which product to start on for product innovation? Then this blog is for you! This will tell you everything you need to know about choosing a promotional product.
Want to find out more about how China’s ban on promotional products might affect your business? Read this blog to find out!
The first step is ideation, which involves generating interesting ideas for the new product. Next is screening your ideas. The third step is the development of the idea and testing. Then, the business analysis. After this, the beta testing and marketing testing come. Then, the technical implementation follows with the commercialization. The final step will be the new product pricing.
Produce a physical prototype or mock-up. Test the product (and its packaging) in typical usage situations. Conduct focus group customer interviews or introduce at trade show. Produce an initial run of the product and sell it in a test market area to determine customer acceptance. Work with companies like ODM to get your products listed on websites or at trade shows.
Before sharing ideas with outside parties, inventors should first look at protecting their ideas.
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