If you answered yes to these questions, you are not alone. Many inventors simply do not know where to turn for the right guidance, development and management to make an idea a reality. Most inventions fail because limited investment resources are erroneously spent on unnecessary and expensive prototypes and patent filings – before their idea is developed into a viable business concept. Experienced professionals at Vallmar Engineering provide inventors with initial analysis of an idea, realistic Return on Investment (ROI) expectations, as well as time and cost savings throughout the product development and management process (PDM).
What is PDM?
Think of Product Development and Management (PDM) as the process that takes place once you have an idea or invention. Taking proper steps toward development and sale of your intellectual property will ensure the highest rate of success in the marketplace and the lowest out-of-pocket costs to you – the inventor. Below, we will detail the most common procedures involved in effective PDM. You will learn how to save thousands of dollars AND create a more viable product, producing the highest possible return on your investment.
Don’t I need a patent lawyer first, in order to protect my idea?
Patent lawyers are costly – up to $15,000, and should not be the first step toward making an idea a productive reality. Vallmar provides safe, confidential and in-depth advice from beginning to end, including strategic partnerships with patent lawyers when it is time for the patent process to begin. The first question should always be “Is my idea cost effective?” A proper analysis by a reputable PDM firm will provide you with valuable information such as:
Feasibility – Can your idea be produced AND provide an effective ROI? Don’t pay legal fees to a patent lawyer without knowing if your idea is even viable! Vallmar will give you superior guidance and support in this crucial beginning process. They will also share insight on realistic return on investment expectations. Did you know that with proper PDM and a viable product you can expect to recoup between 8-10 times your initial investments? Vallmar’s understanding of product development, combined with proven success helping inventors just like you, gives the security and assurance that honest, confidential and skilled professionals are working in your best interests.
Cost Analysis – After Vallmar reviews an idea the inventor is provided with a detailed cost analysis. This will include cost to produce, targeted selling price of product, preliminary engineering – including a virtual 3D prototype of the product, and an electronic package that will help sell the product, without having to invest in costly prototypes.
Protection – Now you need to protect your idea. Vallmar’s strategic partners and licensed patent lawyers will help manage and secure future success, guiding you through the patent pending process. A much less costly way to test your product in the market, a patent pending application is quick, easy, and provides the peace of mind you need. Maybe your product needs to be redesigned. Utilizing the patent pending process and strategic partnerships with patent lawyers, Vallmar guides inventors through this legal framework, saving their clients thousands of dollars along the way.
How do I turn this into profit?
The next step in product development and management connects your invention with potential buyers. These can range from large companies to targeted industries. Your PDM firm will help guide you to buyers and hands-on negotiations, taking your invention to market and giving it a fair chance of commercial success.
Finally it is time to reap the rewards of your idea. Vallmar’s product management assures the highest ROI based on years of experience and success. With over 20 years helping inventors through this process, they will work just as diligently to make sure your idea is both feasible and profitable. After signing a confidentiality agreement with Vallmar your idea will be analyzed by engineers with a long history of developing and advancing successful ideas to Fortune 500 companies as well as hundreds of individuals and small companies looking to expand.
So what are you waiting for? Don’t waste another penny. Vallmar assures the highest level of confidentiality and peace of mind, as well as a proven success record with over 20 years’ experience helping inventors just like you turn inventions into reality and profit. Take action today by calling Vallmar to discuss your options with an experienced Product Development and Management professional. An idea and a dream are all you need to get started. Let Vallmar do the homework for you.
Vallmar Co, Stow, Ohio, 44224 USA www.vallmar.com, a product development and management company founded in 1984. Vallmar works with inventors to design, plan, develop, and validate ideas so they may be brought to market. Vallmar clients range from individual inventors to large manufacturers and nationwide retailers.
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