116: How to Turn an Invention into a Product Business

Published: March 2, 2022, 9 a.m.

Tom Gray is the Founder and Executive Producer of the Make48 TV Show,\xa0a show where contestants have 48 hours to come up with an invention idea and build a prototype to showcase it to the judges.\xa0The show is on PBS, Amazon Prime, and many other networks around the world. I will actually be one of the judges on the upcoming season, so stay tuned for that release date in coming months!\xa0Today Tom is going to share some valuable knowledge on how inventors, startups, and small manufacturers can grow from being an inventor, maker, tinkerer, or product ideator into being a real product business success via either product licensing or starting a product manufacturing business.\nToday you will hear us talk about:\n\nTwo choices: License or build a startup\n\nLicensing still requires you to move down the\n\n4 things to present an invention idea\n\nYour first prototype is never the final one, do a few to get it right\n\nMake sure to have a quick and clean video\n\nSales sheet, just one page\n\nSome IP protection, done well\n\nSmall stepping stones in developing the product\n\n\nEPISODE LINKS\nTom Gray / Make48 Links:\n\n\nLinkedIn: https://www.linkedin.com/in/tom-gray-a0948a77\n\n\n\nCompany: https://make48.com/\n\n\n\nTwitter: https://twitter.com/gomake48\n\n\n\nInstagram: https://www.instagram.com/gomake48/\n\n\n\nYouTube: https://www.youtube.com/c/Make48\n\n\n\nThe Product Startup Podcast Links:\n\n\nWebsite: https://www.ProductStartup.com/\n\n\n\nInstagram: https://www.instagram.com/ProductStartup/\n\n\n\nLinkedIn: https://www.linkedin.com/company/ProductStartup/\n\n\n\nFacebook Page: https://www.facebook.com/ProductStartup/\n\n\n\nFacebook Group: https://www.facebook.com/groups/ProductStartup/\n\n\n\nPinterest: https://www.pinterest.com/ProductStartup/\n\n\n\nTwitter: https://twitter.com/ProductStartup\n\n\n\nYouTube: https://www.youtube.com/MakoInvent\n\n\n\nMako Design Links:\n\n\nWebsite: https://www.makodesign.com/\n\n\n\nYouTube: https://www.youtube.com/MakoInvent\n\n\n\nInstagram: https://www.instagram.com/MakoInvent/\n\n\n\nLinkedIn: https://www.linkedin.com/company/MakoDesign/\n\n\n\nFacebook: https://www.facebook.com/MakoInvent/\n\n\n\nPinterest: https://www.pinterest.com/MakoInvent/\n\n\n\nTwitter: https://twitter.com/MakoInvent/\n\n\n\nKevin Mako Links:\n\n\nInstagram: https://www.instagram.com/Entrepreneurs/\n\n\n\nLinkedIn: https://www.linkedin.com/in/KevMako/\n\n\n\nQuora: https://www.quora.com/profile/Kevin-Mako\n\n\n\nFacebook: https://www.facebook.com/KevMakoPage/\n\n\n\nTwitter: https://twitter.com/KevMako/\n\n\n\nAbout: MAKO Design + Invent is the original firm providing world-class consumer product development services tailored to startups, small manufacturers, and inventors. Simply put, we are the leading one-stop-shop for developing your physical product from idea to store shelves, all in a high-quality, cost-effective, and timely manner. We operate as one powerhouse 30-person product design team spread across 4 offices to serve you (Austin, Miami, San Francisco, & Toronto). We have full-stack in-house industrial design, mechanical engineering, electrical engineering, patent referral, prototyping, and manufacturing services. To assist our startup and inventor clients, in addition to above, we help with business strategy, product strategy, marketing, and sales/distribution for all consumer product categories. Also, our founder Kevin Mako hosts The Product Startup Podcast, the industry\u2019s leading hardware podcast. Check it out for tips, interviews, and best practices for hardware startups, inventors, and product developers. Click HERE to learn more about Mako Design + Invent!