The following are several important pointers to remember before hiring a contract service organization (CSO) to perform any tasks required in the development or marketing of a new product:
- 1. Make contact with several CSOs and inquire about their interest and availability to do the job.
- 2. Choose several candidates and obtain quotes from them outlining the professional services they will provide and what guarantees they offer for their work.
- 3. In order to ensure fairness and consistency between bids, prepare a request for proposals (RFP) ahead of time and distribute it to your top 3-5 choices
- 4. Always remember to obtain signed confidentiality agreements protecting your IP, prior to giving out too much information about your new product and the requested services.