New Product Ideas – Consider This..

Watch most Inventor shows in the media and you will likely see people on the edge of disaster financially. You hear story after story of men and women that took out a second mortgage on their house, used every bit of savings they had, were living in their car and on the brink of bankruptcy. These were those which made it on camera. They had a large number of entrants and only a few made it as far as being televised. Just think if even of individuals who auditioned and didn’t get on T.V spent just as much money as the ones you saw. The other thing you should consider is that all of those that did not get on T.V. were seeking someone to produce their idea and get it to market.

There are numerous of Invent Help Patent Information submission companies out there and now there are even more which have popped up offering help, for any price and feeding away from everyone’s enthusiasm to make it rich. Unfortunately, not all of them have your very best interest at heart. Some of them are just to empty your bank account and extremely don’t care in case your item reaches market so long as your check clears the bank. You must understand no matter whom you pick to use, they supply a service which for each service you utilize you will need to pay a value.

In the event you arrived at them and say I have idea X and I would like to have a patent search done, I would like to file for a patent; I want to get yourself a prototype made and also have my idea brought to companies for possible licensing. They will be more than pleased to do those things… for a fee. It is really not their job to share with you your idea stinks. These are offering the service you requested. They really want to offer you the services you said you want… for any fee.

Think about it by doing this. If a company that cuts grass as a service was working across the street out of your house and also you went up to them and said “Are you able to cut my grass?” They are most likely planning to say “Yes, we are able to do this for X amount of money.” In the event you say I wish for you to slice my grass each week whether or not it needs it or otherwise not. They will likely set you high on a schedule and reduce your grass weekly whether or not it needs it or otherwise. Because, you happen to be paying customer and you are asking them to offer you their service. Additionally they understand that in case you are going to obtain your grass cut each week whether or not this needs it or otherwise not and they turn you down you are going to go and discover another company willing to get it done each week. So, is the fact company a poor company for offering you what you would like even if you don’t require it?

When you go to a Patent Attorney’s office and say I really want you to accomplish a patent search for me in my idea should the Patent Lawyer say “Have you ever gone to or even the patent office website yourself first to determine if other things is out there?” When you go to a design firm and say “Could you build this to me away from titanium?” Would you expect these to say “Exactly what are your plans with this? Perhaps you have looked to see if everything else is out there such as this?”

When you visit a manufacturer with Famous Inventors and say ” I want you to make me 5,000 of such in red and blue”. Can you expect these to say “We won’t make these for you until you can convince us these will be marketable and you may make a refund to them?”

If that is what you anticipate to happen you may be severely disappointed because the probability of that happening are slim to none. Why? Since they are running a business to earn money and they are generally selling you a service and you are asking them to do a service. Whether you feel it really is morally wrong on their part to accomplish as you ask, even if they understand you are squandering your money. It is really not illegal so they can offer you the service. It really is your work to seek information in advance and also to be as informed as is possible to make sure you are generating a solid decision.

Don’t get me wrong I feel horrible for everyone that loses their shirt and goes severely in debt, gets scammed or just has bad luck having a product that a very good idea. I am just trying to ensure that you know in advance what you are actually getting into thus making you ask the hard questions to determine if you want these facilities. As I have said before We have several items on the market that I spent lower than $100 on and not set foot in a patent lawyer’s office, or hired a design firm, or contacted a manufacturer to develop me X quantity of prototypes. So, it could be done.

When you think of a concept which you think is wonderful. You need to stop and do that exercise before you decide to approach any organization and ask for any services. Take off your Inventors cap and put on the Consumers cap. You can’t consider your idea when your idea anymore. You have to consider it something the truth is on the store shelf whenever you go shopping and they are spending Your hard earned cash to buy it. I can’t emphasize this enough. You have to REALLY look at your idea through the consumer’s perspective and ask these questions.

Would I REALLY buy this item should i saw it within the store?

Why would I buy it?

Would people who bought one buy another later? Is the idea a 1-time purchase?

Is this an item that not only your family and friends would buy since they like/adore you?

Which companies do you think would sell this sort of item?

Are there any items like yours on the market? If so, how is yours better and why would it sell a lot better than theirs? Are theirs selling whatsoever or just trying out shelf space?

Will the consumer Obtain your product when they look at it on the shelf without the benefit of using a commercial built around it?

They are simple questions You are able to answer without having to pay a soul. When you get more negative techniques to these questions than positives you need to reevaluate your idea.

As an Inventor you have rights in terms of working with Tech. Many individuals get conned simply because they don’t be aware of right questions you should ask or just what the invention submission clients are essental to federal law to share with you prior to signing on the dotted line along with them. If they are unwilling to answers the questions essental to law, that ought to be an enormous warning sign to you; run and get away from them as fast as possible together with your wallet still intact. When they are legitimate they have nothing to hide and really should gladly explain to you their successes and failures. Many have their own successes posted on their site so that you can take a look at.

The American Inventors Protection Act of 1999 is there for your protection. Use it. Businesses that fit into this act must tell you the details below Prior to signing a legal contract transforming into a client, not Once you have already spent the money!

Allow me to again be clear that it must be the obligation of the Inventor to check out a business before you use them. Because I have said there are tons of excellent legitimate invention submission companies, Design companies and patent giooif on the market. You need to simply be very careful and thorough once you choose one, decide whether you will need their services and understand what you receive for your investment. The odds are high which you might get burned in the event you just go in with your vision closed as well as your wallet wide open.

Leave a comment

Your email address will not be published. Required fields are marked *