Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Invention Help and other Invention topics.
Assemble basic information about an invention or new product idea to build a foundation of relevant facts and information. You probably already know the invention's name, what problem it solves and who might use it. You'll also want to discover the size of the potential market, possible packaging requirements and trends in the industry. Don't forget to project cost estimates for manufacturing, wholesale and retail.
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Joe Wallace |