Get All Access for $5/mo

Have an Invention? Here's How to Make It Into an Actual Product. (Infographic) As the creator of a new product, you need to know the costs so you can weigh the risks and the rewards.

By Laura Entis

Opinions expressed by Entrepreneur contributors are their own.

Pixabay

Turning an idea into a reality can require a substantial upfront investment – figuring out how to patent an invention, make a prototype and then find a manufacturer to actually bring that prototype to market typically doesn't come cheap.

That's why it's so important to have a solid grasp of the process before embarking. Start with protecting your invention by patenting it. Not only will this protect your idea when you show it to investors, but it will help you decide if the product is worth pursuing in the first place.

After patenting, comes prototyping (for which you'll likely need to hire a professional designer) followed by finding the right manufacturer, arguably the most important and stressful part of the process.

Check out the infographic below, compiled by patent marketplace Idea Buyer, for tips on finding the right manufacturer, including where to look, how to request a quote and the art of the haggle.

Click to Enlarge+
Have an Invention? Here's How to Make It Into an Actual Product. (Infographic)

Related: Maximize Profits by Using These 3 P's

Laura Entis

Staff Writer. Frequently covers tech, business psychology, social media, startups and digital advertising.

Laura Entis is a staff writer at Entrepreneur.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Science & Technology

No More ChatGPT? Here's Why Small Language Models Are Stealing the AI Spotlight

Entrepreneurs can leverage this growing tech to create innovative, efficient and targeted AI solutions.

Franchise

Earn $680K a Year with This Wedding Industry Franchise

Wed Society stands out as a unique player in the world of home-based franchises, catering specifically to the recession-resistant wedding industry with franchisees generating an average annual revenue of over $680,000.

Marketing

10 Effective Growth Marketing Hacks and Strategies for Your Startup

Working at a startup can feel like building a plane while you're trying to take off. Use these ten marketing tips to effectively grow and sustain your startup.

Productivity

My Employees Taught Me These 5 Lessons on Productivity

Entrepreneurs should focus on understanding and catering to individual work patterns and needs rather than enforcing one-size-fits-all productivity methods.