So, a little light bulb within you head has lit up and you are struck with the concept that you invented something. You are unsure yet how practical your idea is at this time, but something tells you that this might be the. Big break you were hoping to find. What you do next and how you approach your next steps is really important and will either lead you on to glory or will doom your undertaking. The steps that I will outline a little later might seem unnecessary; however I want to guarantee you that in the end you will be happy that you took my advice.
Before we proceed with the discussion, I would like to offer a few words of wisdom. While working on your idea you will encounter people who will criticize your work and then try to discourage from forging ahead. A number of the How Do I Get A Patent will likely be deserved and really should be considered. If you see that the valid point is raised that you never thought of before – the better off you might be. It provides you with chance to stop and view your idea from another perspective (or angle). However, you may also encounter a so-called destructive criticism that is certainly not according to any facts.
Whenever you discover ways to separate these two, you will be better of. My advice to you –
– Don’t be scared to question professionals, because most experts is one-track minded and oblivious to other things
– Don’t be afraid to challenge other people’s ideas, stand by your principles and be firm
– Don’t hesitate to find out that your own idea is faulty. Pause, make corrections, re-analyze and move ahead
When you are prepared to advertise your idea, you should deal with large corporations. Keep in mind that the bigger the company is, the greater bureaucratic it is. Many big companies lose focus and frequently hire employees who definitely are either not qualified for the task, or just not interested in the things they are going to do. If you discover these folks who want to help you feel insignificant (as well as your idea unimportant and impractical) don’t get discouraged by this – then you is going to be more satisfied coping with smaller company that is certainly more focused and willing to take risks!
Step One – Stay Focused and Clearly Document Your Idea
This task has huge benefits, because –
1. You may clearly define your idea/invention
2. While documenting your idea, you may find ways regarding how to expand your invention
Always try to wear paper what exactly it is which you invented – precisely define your idea, its purpose, limitations and audience. If you fail to precisely define your idea, then because of this you should require a step back, re-analyze your thinking and simplify things. The most typical error that people make at this time is finished-complicating their idea. A fast example will clarify this point:
Case Study 1
John K. posseses an idea regarding how to improve Automatic Knife Mechanism. While laboring hard on his invention, John K. produces technical drawings and decides that his future product will take advantage of the addition of extra items – a scissor as well as a screw driver. However, the addition of these things definitely makes the Inventhelp Patent Invention larger and heavier. In order to help make knife lighter, John K. goes back towards the drawing board – he compromises his original, Automatic Push/Pull mechanism design in make an effort to accommodate unnecessary additional features that have nothing concerning his unique design. If you take away features from his original design, John K. makes his final design very pedestrian and it lacks in originality.
In the final analysis, John K. must have stopped right before creating any changes to his original Automatic Knife Mechanism and asked himself the following – am I more satisfied using the original mechanism or with pedestrian mechanism which includes additional features? Are the extra features even necessary?
The above example clearly illustrates the subsequent – concentrate on your original idea and ignore additional, superfluous features that might muddle your vision. Additional features should come into play later, as soon as you clearly described and shaped your invention.
Step Two Exploratory Stages – See whether your idea is different
Once you’ve documented your idea, you should start taking into consideration the following – how unique is my idea? In order to respond to these questions, you will have to carry out some legwork and hit your neighborhood library and internet. Except if you allocated a substantial amount of your finances to Patent Lawyers, who can do the research for you, you may be happier doing initial research by yourself. Why? Simply because you may discover on your exploratory searches that the design is not really unique and save yourself from paying Big Lawyer fees. A note of caution – don’t get discouraged in the event you determine that the idea similar to yours already exists and already patented. The truth that someone arrived at the similar conclusions as you, just just a little bit earlier is good – there is a competition! Levels of competition are good, level of competition is healthy! Carefully examine competing product, even carry it apart, if required. Determine what differentiates your idea from competitor’s, its limitations and exactly how successful was another person (or even a company) with marketing it. While you can see, you can actually study from mistakes of others, avoid their mistakes and forge ahead fully conscious of competition and their limitations.
Step 3 – Product Safety Considerations
Whether you opted to make a baby product or some kind of household appliance, an exclusive care ought to be taken in describing potential hazards associated with the use of your product or service. For example, should you invented a brand new toy created for small children, try to generate this list of parts that can potentially harm your little customers. Stay in mind that many people, unfortunately, disregard exploitation manuals. Determine what can or may fail with all the operation of your own product and find out ways concerning how to improve product safety. The questions that you simply may ask yourself would be the following –
1. Am I using proper materials?
2. Maybe the part which contains probably the most hazards should be redesigned?
Try to create a complete list of parts that can be potentially hazardous and fix your design before you begin marketing your products or services. You may consider this step as unnecessary, but let me warn you – most marketing companies will require that you describe all Safety features of the idea, and also you might save yourself a bit of time by doing preparations in advance.
Step 4 – Demographics and Determining who will Make Use Of Your Product
Ones you do have a clear picture of your product and also you worked out all nuances of product design, attempt to determine who can make use of product, when and where. Attempt to consider these questions –
1. What is the age bracket of target audience?
2. Is my product designed for Men, Women, or Both?
3. Where and when can it be utilized?
Correctly answering these questions will help you properly promote your product and remain up to date with the competition. Furthermore, knowing solutions to the above mentioned questions will help you in putting finishing touches on your own product. How? In case your product is ideal for children, then it should be bright and colorful. Additionally, in case your product is designed for cold climate, you ought to avoid marketing it in areas where it’s hot all year long.
It is very likely that the item is tailored for certain industry (for example, agricultural); then think of people who will benefit the best from your invention! If your product is designed to work with specific soil or crops, then you certainly should target geographical region rich with desired characteristics. As you can see, this task needs a thorough research, planning and leg work; the rewards, on the other hand, will likely be payoff rewarding!
Step 5 – Produce Full or Small Scale Type of Your Products Or Services
It is extremely important to produce a working model off of your idea. Why? Having a real-life type of your idea (or even a scaled-down version of this), will help you –
1. Identify its limitations and gives you a chance to re-think some aspects of your initial design and make necessary corrections
2. Enhance your final design
As well as the above mentioned items, the last model will help you psychologically. There is no better feeling then in order to physically see and touch the development of your own mind! Because you are touching the true-life model of your final design will give you positive psychological boost comparable to not one other you’ve experienced during design process, motivating you even more to be successful!
The best way to approach this task is to try and draw on a bit of paper the ultimate version of the product, the way you view it at this point soon enough. Your drawings should show one last idea/product under different angles, in a 2-D and 3-D. The picture might not really pretty because not most of us possess the necessary drawing skills. However, this drawing task will help you immensely solidify your design and pin-point items that you continue to have to work on. Additionally, I strongly recommend which you generate your initial product prototype from clay or other material that is certainly easily available. Why? Because this prototype along with initial drawing will help you explain your idea to technical person who, in turn, will transform your design into highly technical engineering drawing.
Once you prepared your model, try to determine which materials will go in into construction of real-life product. Will your products or services be build of plaster or metal? If metal, then what kind of metal – could it be aluminum, copper or some kind of alloy? Once you determined the required materials, estimate production cost as the price that you’ll charge for your product will be based on the production cost of each individual unit. You don’t have to be 100% correct at this time together with your material selections, but it’s excellent to know what materials should go into creation of your products or services so that you have a ball-park figure on the final price of your product.
Step 6 – Estimate Cost and Gross Profit
Once you determined who can make use of your product and where (or your product’s market), it is actually time and energy to think “big” – try to work out cost/benefit analysis of your own product. Below is a case study –
Mary A., a homemaker with three little children, created a plastic bottle holder for babies and small toddlers. Her bottle holder was made in such a way it would hold both bottles, spoons and bottle caps. Mary A. created numerous drawings of her product and with the help of her husband managed to make a full-scale version of Invent Help Technology made of clay. Before involving an engineer, Mary A. estimated that her product will be made entirely out of plastic. The estimated production cost of 1 bottle holder is $3.00 (we presume that the manufacturing plant is situated in China and shipping pricing is already factored in to the estimated production cost). Mary A. did comparative shopping and determined that other sorts of Baby Holders can sell around $15 dollars. In addition, Mary found out that three local baby stores each serve 1000 shoppers per day (including online purchases); furthermore, each stores needs a 40% commissions per each purchase – which means $6 pays as being a commission towards the store for every $15 purchase. Mary A. immediately worked out that her total profit will be $6 per each bottle holder ($15 – $6 – $3). Presume that one third of all shoppers in each store have either babies or toddlers who still need bottle holders (approximately 330 consumers per store), Mary A. can generate profit in the volume of 330 X 3 X 6 = $5940.
Step 7 – Product Marketing
Correct marketing plan is totally necessary to the prosperity of your idea. Partnering with marketing company which you can trust and rely upon pays big dividends in the long run and must not be overlooked. What in case you know about marketing companies? Many of these companies are separated into two groups (I will contact them groups A and B) –
1. Group A: These firms claim they may have specific knowledge and inside connections in a broad range of industries. As well as been expensive, a lot of companies that fit in with this group are charged with fraud and inventor should carefully consider who they are coping with. Within the best case scenario, you might potentially lose all your money and valuable time; in worst-case scenario, along with losing money someone else may benefit from your invention (unless, needless to say, you were fortunate enough to patent it!!)
2. Group B: These firms give inventor complete freedom in marketing their idea. Inventors choose what you should say and focus on emphasize areas that they think are most pertinent with their invention. I would personally like to point out IdeaJets website (www.ideajets.com):
IdeaJets is actually a marketplace where individuals with ideas and corporations who hunt for sharp minds meet. Along with helping you discover a right partner who can enable you to realize your ideas and dreams, IdeaJets also brings inventors in touch with other ambitious people to cultivate and promote the culture of inventiveness and success. You can meet your fellow inventors using IdeaJets messaging system or in Forums. Hopefully, by sharing ideas and opinions, users might view their inventions or ideas in a new light, refine and re-define them to further increase their chances to be successful. At the time of right now, IdeaJets is entirely free!
Conclusion and a few Final Thoughts:
As you can see, it requires a lot of patience, preparation and perseverance for inventor to achieve success. The main thing is always to not get discouraged by the presence of competition and potential rejections. As I mentioned inside my article, competition is good and healthy. If your competitor is having a positive results with the product comparable to what you’ve developed, then this means that the merchandise that you will be working on has great potential. Carefully examine competitor’s product and figure out its weaknesses or vulnerabilities. This, needless to say, presumes which you finalized your initial design, resolved each of the kinks and produced an entire-scale (or scaled-down) version of your own product. As soon as you know enough about competitor’s product, carefully study your market and demographics – this should help you in designing online marketing strategy specifically tailored towards your products or services. Put on paper and document all of your findings simply because you may forget some details later on and recognize that the data you painfully should get is gone. In general, make an effort to incorporate all your findings xqvfcq to cost, market and demographic analysis into Strategic Business Plan and store it in a safe place! Most companies you will try to work or partner with will need you to produce Strategic Business Plan documentation. Not having you might force you to definitely produce Strategic Business Plan documentation almost overnight and this may not be an easy task. My suggestion to you – start working on the Business Strategy from the very beginning and save from having sleepless nights! As well as a final word of wisdom – don’t hesitate to become over-confident, because confidence and belief in one’s own powers are a good recipe to success!