Unified Solutions Inc.Invention Development and Product Marketing Services

 

 
 

Home Our Mission Our Process FAQ Contact Us

FAQ

 

Home
News
Latest Products
Links Page


This page contains answers to common questions that are most frequently asked.

  1. Who is Unified Solutions, and what do we do?
  2. What will it cost me to get my invention into the marketplace?
  3. What should be my first step ?
  4. What can I do to begin to understand if my invention / product will sell and how can I protect myself ?
  5. How do you determine what I will be paid?
  6. What is the typical length of time it takes to get my product into the marketplace?

Who is Unified Solutions Inc, and what do we do?

Unified Solutions Inc. is a company that offers fully integrated invention (product) development and marketing services for the inventor.  The management team at Unified Solutions Inc. has over 50 years of experience in the design and marketing of products for both the consumer and business sectors, with the capability to design, produce and market inventions involving mechanical, electrical and electronic characteristics.

Back to Top


What will it cost me to get my invention into the marketplace?

There are potentially no costs to you.  Unified Solutions Inc. will take on the financial (and organizational) responsibility for the development and marketing costs should we sign an agreement with you to do so.  It is our strategy to not make any money from upfront charges for areas such as:

  • Product Analysis
  • Market Analysis
  • Design Improvements
  • Manufacturing Optimization

The only potential exception to this, relates to patent searches and patent applications for your invention.  Here you have the option of funding these costs yourself if your desire is to own the patent rights.  In this scenario, we would involve one of our legal associates and advise you as to the costs and ramifications of patent related activities

If you do not want, or have the financial capability to fund these patent related activities for your invention, then Unified Solutions Inc. will potentially fund these costs if your invention shows sufficient market promise. You will still be paid a royalty for your idea, but the royalty rate is typically lower based on this additional start up cost.

If you already have a patent on your invention, then there are absolutely no upfront costs for our development, marketing, and production efforts for your invention.

 Back to Top


What should be my first step after I have my initial invention idea for a product (and my family and friends haven't told me I'm insane) ?

We strongly suggest the first step would be to engage in a patent search.  This would minimize the potential for spending large amounts of time and money on an invention that is intruding on other products patents.  You need to understand the competitive patent landscape in order to successfully position (or not position) your invention idea.  This service typically runs around $700 - $1,000.

Another option is to utilize the U.S. Patent Office website and start the patent search yourself. You can go to www.uspto.gov  for the information. We should point out that some basic knowledge of how patents are classified and associated is beneficial to provide the most thorough feedback as to potential infringement of an existing patent. 

While the information you compile is helpful, it may not provide the complete picture of how your invention stands to similar concepts or products. We strongly suggest you employ the services of a qualified and reputable law firm specializing in patent work.

Back to Top


What can I do to begin to understand if my invention / product will sell?  -  How can I protect myself as I expose my non patented invention to selected individuals ?

These two questions are together for a reason.  You need to understand how your invention compares by features, performance, and cost verses the competition's products presently in the market.  You need (at some point) to talk to people in the marketplace that can provide open, unbiased feedback to your key questions.

We suggest you develop an analysis of the competitors products.  Aspects of this analysis include topics such as costing, product features, and "channels" of distribution where the product can be purchased. 

In compiling this information, we suggest you have your potential customer sign a non-disclosure or confidentiality agreement.  If someone is unwilling to sign this document, then you should not talk further as this document will be the only instrument you have at this point for protection.

You have to develop a clear message as to why anyone would want to buy your product.  You also need to understand what customer (i.e. sales outlet) is providing the greatest sales potential and make sure there is no "baggage" associated with your type of product or commodity.

NOTE:  One common error that we see in our line of work is that the inventor spends thousands of dollars for the filing of patents, multiple refinements of the product (sometimes with tooling dollars invested) and the inventor has never approached a potential customer or industry expert to get their input.

 Back to Top


How do you determine what I will be paid?

We stated earlier you are paid a royalty percentage based on our sales of the product.

There are many factors that are assessed when it comes to determining the exact royalty you receive.  The following items are the most influential:

Amount of resources needed to make your product meet the market needs.   This will involve the analysis of price targets for each stage of your products' path into the marketplace (i.e.. consumer sell price, retail buy price, product price vs. production costs.)

Patent Status   Generally your royalty percentage is higher if you have an issued patent for your ideas.  If no patent exists, then there is a higher risk for both duplication and patent infringement, and this needs to be accounted for.

How developed is your invention?  The percentage is higher for a product that comes to us ready for production vs. an idea that has little to no supporting documentation in terms of drawings, production readiness costing, and customer feedback.

How complex is your invention or product?  A invention (product) that has a large number of components, and operations that is complex will effect the royalty percentage more then a product that is simple to make.  There are inherently more risks involved in a complex product. 

Back to Top


What is the typical length of time it takes to get my invention into the marketplace ?

This again will depend upon the particular aspects of your invention.  Obviously the more intricate and complex your invention idea is will translated into a longer timeline to make the final product market ready.

Another aspect that will factor into the equation is the distribution channel that is chosen to actually sell your product.  If the best path is through a major retail chain, then you also have the advance planning aspect in which retailers plan out the exact products and allotted space for every foot of the store.

Typically stores plan out a year in advance of when they will actually take product.  Exceptions are always made for the truly "hot product", but you need to understand the normal series of events.  It is not uncommon for a chain to request samples and put your product through extensive testing.  The results of these tests may require the need for modifications and additional tests.  This all adds time to the potential introduction date.

If direct TV or Radio response is chosen then you can shorten the time to market, but you introduce advertising and order fulfillment capabilities which can take several months to orchestrate.

Our experience is that things take generally longer than one would expect.  The best solution for that aspect is to have a well thought out product that truly provides value to the consumer and the market will demand a shorter timeframe.

Back to Top


 

Home ]   

Copyright 2005 Unified Solutions Inc.
Last modified: 03/14/2016