Inventing: First Steps
An invention is like a baby. Conception is fun. Birth is hard and painful. And parents always think their baby is beautiful.
But an invention is not a baby. It's a high risk investment. Successful inventors minimize risk and maximize the chances of success by doing their homework.
Don't pay someone else to do your homework for you. Beware of "FREE" Inventors kits.
"Free" Inventors kits are come-ons to get inventors to sign up for expensive invention submission services. There would be nothing wrong with this except for the fact that the services are a total waste of money 99.9% of the time. A typical invention development package will cost an inventor between $10,000 and $20,000. The inventor will receive a lot of paper and maybe even a (weak) patent. What the inventor will not receive is an honest assessment of the invention's chance for commercial success.
The hard truth is that most inventions are not worth developing - even if the ideas are sound. Invention submission companies need to encourage you to develop your invention because that is how they make their money - even if an idea has no merit.
You will have many great ideas during your inventing career. The key to success is spending time and money on the ideas that will return a profit.
As President of Invention City I have reviewed thousands of invention submissions. As President of WorkTools Inc. I have commercialized successful inventions that have generated upwards of $5 million in royalties. My 18 years of hard won experience and monumentally expensive learning is now available in 75 easy-to-read pages called:
Like most inventors I've had more failures than successes. A failure can be either a learning or a bankrupting experience. On my shelf are dud projects that have cost my companies from $5,000 to $100,000. In total we've probably blown upwards of $500,000 on projects that have gone (and will go) nowhere. Fortunately, we've had some great successes to offset the duds. More importantly, we've (finally) learned how to recognize dud projects early on. The price of a dud has gone down considerably. This means I can pursue more projects AND keep more money in my pocket.
Inventing 101 tells you how to inexpensively evaluate your invention yourself, how to protect it and how to make a first stage prototype. The book is written from my unique perspective as both inventor (licensor) and corporation (licensee). <
Mike Marks
President, Invention City, Inc.
Know that your idea is worth time and effort
Save thousands of dollars
Protect your invention on a tight budget
Make a prototype
... and much more
If you expect someone else to do the hard work for you then you should not read this guidebook Inventing 101 is written for inventors who care about succeeding with their inventions and care about saving money.
You also learn a lot from our articles and Frequently Asked Questions,
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