A patent is the exclusive right granted to an invention or product generally offering a new way of doing something or offering a new technical solution to a problem. Before you obtain a patent, submit all necessary documents and forms of public disclosure concerning your invention / product in detail.
The best way to prevent your competitors from producing the same product or selling your invention is by finding a patent for your invention. If you want to manufacture and market your invention yourself or license it to a company, the only way to make money from your invention and ensure that no one else can steal your idea is to file a patent application at the U.S. Patent and Trademark Office.
If you want to apply for a patent on your “I Have an Invention Idea but Don't Know How to Make It”, you need proper documentation of your idea. Make sure you have written down everything you can in an inventor's magazine about the concept, design and marketability of your invention. If no patent has been filed and there are no artworks, designs or illustrations related to your invention, you may not be able to patent your invention at all.
This is for the simple reason that there is no purpose in spending a lot of money on a patent if you have no idea about the potential markets of your invention.
You have a brilliant idea for a new invention that you believe most people would be willing to buy. In most cases, it is not enough to submit an idea of invention to receive a license fee because the company that purchases your license will want to see more ideas before it is certain that your idea can make money. You decide not to continue with your invention, even though you have a patent on a product, because no one who wants it is willing to pay for it.
Without a credible plan to turn your invention or idea into a marketable product, you will never make any money from it. An invention or idea can become a product and earn you money for the many things you achieve. If you can turn an incredible invention / idea into a profit, you can spend money to build your new invention.
Continue reading to see how you can convert an invention into a million dollar product without spending money. Inventors who are able to find unique products, conduct research, product development and marketing have made hundreds of millions from their inventions. Let us find out how you can make money with your invention and your possibilities for your new idea.
Once your invention outlined, the next step is to apply for a provisional patent. There are many types of patents, but provisional patents allow you to claim rights to your invention without having an end product or prototype. The invention process requires lots of brainstorming, testing and experimentation to get patent protection before you can bring your idea to market.
There are steps that are taken after you have an invention idea in your head to determine whether it is going to be a successful product or not. Whether you get paid for your invention depends on a number of things, including what your product does, how it is marketed, and who markets it to whom.
If you have a patented invention or idea but don't have the money or the market to produce it, an invention investor can be helpful. InventHelp is an invention services company that can help you patent your invention / idea or submit it to a company. If you see your new idea on the shelf, get your name out there and want to sell your invention, we are here to help you.
Once you have a working model of your invention or idea, it is important to ensure that it is protected so no one can steal it or profit from it. You should have a working prototype, so you can be sure that you have made all the necessary adjustments before applying for a patent. If you filed a provisional patent application, your invention is patentable.
Depending on the product you may want to document the date the invention was patented and the current status of the invention with the United States Patent and Trademark Office (USPTO).
You do not have rights to any changes to your invention after you have applied for a patent so it is important to ensure you receive a product that satisfies you.
Every single detail of your invention, including where the idea came from, how it works, and how you want to produce and market it. An original invention or idea is not meant to be an end product, but it does mean that the specific information you describe will be helpful when you sell it or apply for a patent. Have a great appreciation for the specifications of the invention so that you can gather new ideas on how to produce your product.
A non-patent search (also referred to as prior art search) can help determine whether the design or work of art resembles your idea of invention. If so, it may prevent you from patenting your invention in the future, including obsolete products or technologies or products that are being developed but are not yet on the market. You can make money with an invention if people like and buy your product.