How to Turn Your Invention Idea Into a Product
- Step 1: Document and Record Your Invention Ideas.
- Step 2: Make Sure Your Invention is Not Already Patented.
- Step 3: Do Some Research to Make Sure Your Idea Has a Market.
- Step 4: Make a Prototype (i.e., prove your idea can work in real life)
- Step 5: File a Patent.
https://www.youtube.com/watch?v=bIEoEd9wA2k
How can I make my invention successful?
Here’s what the guide includes:
- Step 1: Believe in yourself.
- Step 2: Find a problem worth solving.
- Step 3: Do basic market research (before investing money)
- Step 4: Build a prototype and test your idea (in real life)
- Step 5: Protect your idea.
- Step 6: Manufacture or license your idea.
- Resources for inventors.
What makes an invention a good one?
There are two things that make a good invention: first, it identifies and solves a problem and, second, it does so in a way that resonates with a target audience. You can always develop a product that solves a problem in a spectacular way, but it’s of little use if it solves a problem that people don’t care about.
What should I do if I invent something?
There are generally two ways to proceed – license your invention to a company (i.e. sell the idea), or go into business selling, providing or distributing the product. Regardless of which method you use, you will probably need two things – investors and intellectual property (patents and / or trademarks).
How do I turn my idea into a product?
How to Turn Your Invention Idea Into a Product
- Step 1: Document and Record Your Invention Ideas.
- Step 2: Make Sure Your Invention is Not Already Patented.
- Step 3: Do Some Research to Make Sure Your Idea Has a Market.
- Step 4: Make a Prototype (i.e., prove your idea can work in real life)
- Step 5: File a Patent.
How do I value my invention?
The value is determined by whether the invention is patentable, by the amount of money you can make through selling products or services under the patent, and by any licensing fees you can obtain from others interested in your invention.
Who do you talk to when you have an invention?
Inventors! Call 1-800-INVENTION (1-800-468-3684) or fill out our inventor information request form to find out how InventHelp can assist you.
Where do I go with an invention idea?
Visit the U.S. Patent and Trademark Office (USPTO) website and investigate any patents on items like the one you want to invent. If you have questions or want to be sure your invention is legal for you to create and sell, consult with an attorney specializing in patents and IP law.
How much does a patent cost?
A patent can cost from $900 for a do-it-yourself application to between $5,000 and $10,000+ with the help of patent lawyers. A patent protects an invention and the cost of the process to get the patent will depend on the type of patent (provisional, non-provisional, or utility) and the complexity of the invention.
How do I file for a patent?
How to File a Patent in X Steps
- Search the United States Patent and Trademark Office.
- Find a patent attorney.
- Determine what type of patent you need.
- File a provisional patent application.
- Become a Registered eFiler.
- Gather information for your formal application.
- Complete and review your formal application.
How do I get a prototype made of my invention?
Here are four steps to get your first prototype built so you can turn your idea into a patented, profitable product.
- Create a Concept Sketch. The first step toward turning your idea into reality is getting it down on paper.
- Develop a Virtual Prototype.
- Build a Physical Prototype.
- Locate a Manufacturer.
What can I invent that has not been invented?
11 Inventions That Need To Hurry Up And Exist
- Dog Translator. Shutterstock.
- Machine That Dresses You As You Sleep.
- Dream-to-Movie Maker.
- Instant Heartbreaker Healer.
- Guns That Launch Kittens.
- Penguins: For The Home.
- Edible Popcorn Bags.
- Space Houses.
How do I start an invention with no money?
What Do I Do If I Have an Invention Idea But No Money?
- Examine Your Invention Idea.
- Ensure There Isn’t an Outstanding Patent for Your Idea.
- Keep Documentation of Your Invention Idea.
- Apply for a Patent for Your Invention.
- Take Out a Personal or Business Loan to Fund Your Invention.
- Search For Invention Grants.
How do I know if my idea is already patented?
Go to the official website of the U.S. Patent and Trademark Office. Use the “Full-Text and Image Database” search to verify any present patent applications and pictures. You can find filed applications and pictures for patents filed after 1975.
At what point are patents valuable?
Potential Profit
Profits (or savings) derived directly from a patented technology make the intellectual property more valuable. Value can also depend on the industry and target market of the resulting product or service. A larger market often means more potential profits, and therefore a more valuable patent.
How much can I sell my patent for?
If the corporation makes an offer, it will typically be anywhere from $50 thousand to $8 million, and can be higher. On the other hand, an inventor trying to simply market an issued patent to corporations, is likely to get anywhere from $5,000 to $35,000.
What determines the cost of a patent?
In general, the biggest variable affecting total cost is legal fees.Some law firms (including Henry Patent Law Firm) offer flat fees or other types of fee arrangements but note that flat fees are usually based on an estimate of how much time the legal team will spend on the project.
How do you legally protect an idea?
The five essential legal tools for protecting ideas are patents, trademarks, copyrights, trade dress unfair competition laws, and trade secrets. Some of these legal tools can also be used creatively as marketing aids, and often more than one form of protection is available for a single design or innovation.
How do you protect an idea from being stolen?
4 Tips on How to Protect Your Business Idea from Being Stolen
- Non-Disclosure Agreements and Confidentiality Statements. A non-disclosure agreement (NDA) is one way to protect your idea before you present it to associates.
- Apply for a Patent.
- Trademark Your Company Name.
- Document Everything.
How do you protect an invention?
An invention can be protected as a trade secret or through a patent.
How do you sell an idea to a company without them stealing it?
You can sell an idea to a company without a patent. You need a way to stop them from stealing the idea from you. One way to do that without a patent is with a nondisclosure agreement, aka NDA. The NDA would limit the company’s ability to use your idea without paying you for it.
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