1 | Jack comes up with a great idea for a song. | Original Invention. | John comes up with a great idea to organize and use songs by employing digital technology. |
2 | Music and lyrics are written down. | Invention Documented. | An illustration of the device is drafted with a description. |
3 | A demo of the song is recorded. | Prototype. | A functioning prototype of the device is built. |
4 | Adjustments are made in song to suit taste and purpose. | Product Development. | Changes made to improve functionality and quality. |
5 | Copyright applied for. Song renamed if necessary. | Protection of Intellectual Property. | Patents applied for and device renamed if necessary. |
6 | Big Label pays Jack a fee and Song placed with recording Artist on their roster. | Licensing. | John sells rights to market and sell MelMP3 to Fruity Computer Company. |
7 | Song introduced to industry folks, retailers, and limited public by listening parties, radio, Artists appearances. | Market Analysis. | MelMP3 introduced to industry folks, retailers, and limited public via trade shows. |
8 | Final version of song mixed, mastered, duplicated, packaged, and placed with retail outlets for sale to the public. | Mass Production/ Product Launch. | Final version of MelMP3 enters production at manufacturing facility in China, packaged, and placed for sale to the public at leading retail outlets. |
9 | Song is a hit! Sells Millions of copies! | Sales, Recoup Investment. | MelMP3 is a hit! Sells millions of units! |
10 | Effort to increase sales of Song through live performances and mass media advertising. | Marketing and Sales. | Effort to increase sales of MelMP3 through mass media advertising and product placement on TV, movies, cable shows, and QVC. |
11 | Jack and Big Label Get **PAID** They’ve made it to “The Next Level”. | Huge Profits. | Fruity and John Get *PAID** They’ve made it to “The Next Level”. |
12 | Process starts again, this time with Big Label paying Jack a large fee in advance to engage. | Initial Investment. | Process starts again, with Fruity Computer Company paying John a large fee to engage. |