Inventing 101:

How Inventors Profit from Inventions

The key is to invest time and money carefully

by Mike Marks

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 did not know they had) and 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 won half the battle. Ideally the target consumer 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

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COMMENTS

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

by: Karl

Non photostat paper

I have made a most economical and practical method of making a book or paper non photostat.

I have already made one paper and tried to photostat it , & it is working.

Now there is only legal and right issues remaining and not the invention part.

So, the company has not to invest in invention but to invest in giving leagal rights.

In such type of cases how much profit is shared between me and company.

by: SAKET PANDEY