Monthly Archives: November 2011

A Company wants to License your invention. What is a standard royalty rate?

If a potential licensee is interested in your product idea, they will call back with further questions. It’s that simple. If and when they do, you should know what kind of royalty rate you want to negotiate. To calculate royalty … Continue reading

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What is INJECTION MOLDING? How can it benefit you as an inventor?

Injection molding is a manufacturing process for producing parts from both thermo plastic and thermosetting plastic materials. The material is fed into a heated barrel, mixed and forced into a mold cavity where it cools and hardens to the configuration of the … Continue reading

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New Product Consulting is pleased to announce the Ultimate Abs Roller!

Congrats to the inventor, Mihail, for testing and making his own product. The idea came from years of working out and not getting the results that he wanted. After making his own prototype, Mihail finally got the results he was … Continue reading

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What are companies looking for in a new invention idea?

Companies have a small checklist of criteria when it comes to a new invention.  First and foremost, the invention must fit with their product line in terms of functionality, target market, design, quality, and profitability.  In general, companies ask the following … Continue reading

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THE STRUGGLING ECONOMY HAS CREATED MORE INVENTORS AND THE LARGE COMPANIES ARE NOTICING!

David Hibler and Tyler Galganski, from Brookfield, Wis., have been friends since childhood. They wanted to start a small business together and took the leap in 2009. Hibler ordered an adult onesie. He found it lacking and not comfortable for … Continue reading

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Even the best inventions don’t get to the market OVERNIGHT.

In any industry around the world it takes time to get a new invention to the market. Some inventors license their inventions to other companies and some bring the product to market themselves, but in both cases, it takes time. … Continue reading

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NEW PRODUCT CONSULTING JOINS THE BETTER BUSINESS BUREAU!

We are pleased to announce that NPC has been accepted into the Better Business Bureau’s accredited business program!! We strive hard to make sure our clients are given a top quality service. To be considered, one of the requirements is … Continue reading

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