Inventing 101: How Inventors Profit from Inventions
The key is to invest time and money carefully
How does a professional inventor know if an invention will be a commercial success?
An invention idea is great if:
It solves a problem that people want solved (including problems people didn’t know they had).
Everyone involved in designing, manufacturing and marketing the product can make better than normal profits.
That’s it! If an inventor has a product idea that people want to buy and a way to make and sell it at a healthy profit then they’ve got half the battle won. Ideally the “people” should be a group that is easy to define and reach. This could mean a specific trade group such as dentists or it could mean the broad consumer market – if the product is appropriate for “everyone”. Click on the links below to learn more about the process of identifying the potential for success and how to take the first steps to realize that success (while keeping as much money as possible in your wallet).
Step 1: A Great Invention Idea
Step 2: Guard Your Wallet - Be a Professional Inventor
Step 3. Protect the Invention – First Stage
Step 4. Confirm the Invention
Step 5. Make an Invention Prototype
Provisional Patent (USPTO info)
More About Confidentiality Agreements
Example Confidentiality Agreement – 1st stage
Example Confidentiality Agreement – 2nd stage
Example Mutual Confidentiality Agreement
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