Inventing101 - Professional Inventing - How to Make Money from Inventions

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

Appendix

Provisional Patent (USPTO info)

More About Confidentiality Agreements

Example Confidentiality Agreement – 1st stage


Example Confidentiality Agreement – 2nd stage

Example Mutual Confidentiality Agreement

Learn about Invention Licensing in Inventing 102

Comments (1)add comment

Karl said:

0
Global Security & Safety Coordinator
Hi,
Interesting and informative, however in my profession here is need for new cost effective solutions,

I would very much indeed want to have some response on that subject

Brgds,Karl-Ove
 
September 28, 2011
Votes: +0

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