How to Secure Invention Ideas and Protect Your Business From Bad Business Moves
You may have a wonderful innovative idea for an entirely new invention, which you believe would be very much worth selling to a large company. But without a concrete plan to transform your innovative invention ideas to viable products, you'll never earn money off of them in the future. So, today we have outlined a simple step-by-step plan to assist make your innovative idea a success. At the end of this article, you should have the ability to generate a good profit from your invention. But before we get into that, please be aware that an “idea” is not a successful business. You will need to take a solid approach in order for your unique idea to become profitable.
First, in regard to your innovative idea, you should create a patent application. Please do not attempt to create the application yourself unless you are a professional legal or intellectual property expert. Please be aware that the patent examiner will not look favorably upon any inventions that contain overly complicated claims that are clearly not supported by sufficient evidence. In addition, if you can show that a competitor has copied your invention, it will be found to be unfair competition and will thus likely to lead to the patent being rejected. For more information on how to prepare a patent application, please see Patent Professional Services, Inc. at:
Once you have your patent application completed, you should then brainstorm some other invention ideas. These will often provide you with a better shot at being approved for a patent. Additionally, by doing this, you are likely to come up with better and more original ideas. One way that many inventors make their invention more original is to modify it after they patent it. For instance, many inventive individuals decide to change certain aspects of their invention before submitting their patent application to ensure that the patent will not be rejected.
When looking for invention ideas, consider talking to others who have previously used the product or idea. One person to ask is a manufacturer or someone who has used your invention. Typically, if the person quotes something negative about your product or idea, it should raise some red flags. For example, if the person says that your invention is a bad idea, or says that your product does not work, or that it is dangerous to use, this should be an indication that the person is bitter about your product or idea. On the other hand, if the person quotes something positive, such as saying that your product is the greatest thing since slice bread, or that your product is the best thing that has ever happened to them, this should be an indication that the individual either has used your product and likes it very much, or that the individual considers your product or idea to be unique and that it is worth pursuing.
Before discussing more invention ideas, it is important to discuss what you actually are doing. This means finding a niche that you are knowledgeable about, and one in which you believe your product or idea will have the greatest chance of success. It also means choosing your business model, and determining whether you need to seek assistance to get your business going. In most cases, an excellent idea will result in a great product, but great ideas do not come quickly and easily.
As you speak to others and gain further insight into your business opportunities, you should determine what type of investor you would like to be. One option would be to be a “one man show,” where you are the only person with the idea and your product or idea is the only one in existence. This is not generally considered to be a successful method of business development, and often leads to a short lived industry. Another option would be to become a “two-man show,” where you have another party that is interested in helping you bring your product or idea to market. Often, two-man shows are successful because there is a synergy that is developed. In addition, it is often easier to sell to a group that is comprised of two people rather than one.
The first step to make money from new invention ideas is to determine whether your product or idea qualifies for protection by the patent office. It is possible that your product or idea may be eligible for patent protection; however, determining this ahead of time can save a lot of time and money. You should consult with a patent attorney who will be able to provide you with the proper legal advice as well as any information or documents that are required to support your claim. If your new Invent Help invention is truly unique and would qualify for patent protection, you may wish to obtain a US patent, or obtain an international patent. A US patent can only be filed for fourteen years; international patents, however, can extend the term indefinitely if you meet the submission guidelines. Regardless of which process you choose Invent Help, developing a strong business plan and consulting with a patent attorney prior to filing any type of patenting application is necessary.
New invention ideas often provide the spark that starts a business. However, for the most part, it takes more than one idea to come up with a successful product or invention. Patents are often difficult and expensive to secure; however, if your business idea is strong, you may find that it is worth the expense of obtaining a Invent Help patent. Good luck!