So, a little light bulb within you head has lit up and you are struck with the idea that you invented something. You are not sure yet how practical your idea is at this time, but something tells you that this might be the. Big break you were hoping to find. What you do next and how you approach your next steps is extremely important and will either lead you on to glory or will doom your undertaking. The steps that I will outline a little later might seem unnecessary; however I want to guarantee you that in the end you will be happy that you took my advice.
Before we proceed with the discussion, I might like to provide a few words of wisdom. While working on your idea you will come across those who will criticize your work and attempt to discourage you from forging ahead. A number of the Inventhelp Ideas is going to be deserved and really should be taken into consideration. If you see that the valid point is raised that you simply never thought of before – the better off you are. It provides you with chance to pause and view your idea from another perspective (or angle). However, you may also encounter a so-called destructive criticism that is certainly not based upon any facts.
Whenever you learn how to separate both of these, you may be better of. My advice for you –
– Don’t be afraid to question professionals, because most experts are one-track minded and oblivious to other things
– Don’t be scared to challenge other people’s ideas, stand by your principles and become firm
– Don’t be scared to discover that your particular own idea is faulty. Pause, make corrections, re-analyze and move ahead
When you find yourself able to promote your idea, you will need to deal with large corporations. Stay in mind that the bigger the company is, the better bureaucratic it is actually. Many big companies lose focus and often hire employees who are either not qualified for the job, or just not thinking about the things they are doing. If you come across these folks who are trying to help you feel insignificant (and your idea unimportant and impractical) don’t get discouraged with this – chances are you will be more satisfied working with smaller company that is certainly more focused and willing to take risks!
Step One – Remain Focused and Clearly Document Your Idea
This step has huge benefits, because –
1. You may clearly define your idea/invention
2. While documenting your idea, you may find ways regarding how to expand your invention
Always try to wear paper what it is that you simply invented – precisely define your idea, its purpose, limitations and audience. If you cannot precisely define your idea, then because of this you ought to require a step back, re-analyze your thinking and simplify things. The most frequent error that folks make at this stage has ended-complicating their idea. A fast example will clarify this point:
Case Study 1
John K. has an idea regarding how to improve Automatic Knife Mechanism. While laboring hard on his invention, John K. produces technical drawings and decides that his future product will gain benefit from the addition of extra items – a scissor along with a screw driver. However, adding these things makes the How To Get A Patent For An Idea larger and heavier. In order to create knife lighter, John K. goes back for the drawing board – he compromises his original, Automatic Push/Pull mechanism design in attempt to accommodate unnecessary additional features which have nothing to do with his unique design. If you take away features from his original design, John K. makes his final design very pedestrian and it lacks in originality.
In the final analysis, John K. should have stopped right before creating any changes to his original Automatic Knife Mechanism and asked himself the subsequent – am I happier with the original mechanism or with pedestrian mechanism which includes additional features? Are the additional features even necessary?
The above mentioned example clearly illustrates the subsequent – give attention to your original idea and ignore additional, superfluous features that might muddle your vision. Additional features will come into play later, once you clearly described and shaped your invention.
Step Two Exploratory Stages – See whether your idea is unique
Once you’ve documented your idea, you should begin thinking about the following – how unique is my idea? In order to reply to these questions, you should carry out some legwork and hit your neighborhood library and internet. Except if you allocated a substantial amount of your budget to Patent Lawyers, that will do the research for you personally, you will be better off doing initial research by yourself. Why? Simply because you may discover throughout your exploratory searches that your design is not really unique and save yourself from paying Big Lawyer fees. A note of caution – don’t get discouraged in the event you determine the idea comparable to yours already exists and already patented. The fact that someone came to the similar conclusions while you, just a bit bit earlier is great – there is a competition! Levels of competition are good, level of competition is healthy! Carefully examine competing product, even take it apart, if needed. Figure out what differentiates your idea from competitor’s, its limitations and exactly how successful was someone else (or a company) with marketing it. While you can see, you can actually learn from mistakes of others, avoid their mistakes and forge ahead fully conscious of competition as well as their limitations.
Step 3 – Product Safety Considerations
Whether you decided to generate a baby product or some kind of household appliance, a special care ought to be taken in describing potential hazards associated by using your product. For instance, should you invented a whole new toy designed for small kids, try to come up with a list of parts that can potentially harm your little customers. Stay in mind that numerous people, unfortunately, disregard exploitation manuals. Determine what can or may go awry using the operation of your product and find out ways on how to improve product safety. The questions that you simply may ask yourself are the following –
1. Am I using proper materials?
2. Maybe the part which contains by far the most hazards needs to be redesigned?
Try to come up with a comprehensive set of parts that can be potentially hazardous and repair your design before you start out marketing your products or services. You may think of this step as unnecessary, but let me warn you – most marketing companies will require you to describe all Safety features of the idea, and you also might save yourself some time by doing preparations beforehand.
Step 4 – Demographics and Determining that will Make Use Of Your Product
Ones there is a clear picture of the product and you figured out all nuances of product design, attempt to determine that will make use of product, when and where. Make an effort to think about these questions –
1. What is the age bracket of target audience?
2. Is my product designed for Men, Women, or Both?
3. Where and once can it be used?
Correctly answering these questions can help you properly advertise your product and remain abreast of competition. Furthermore, knowing solutions to the above mentioned questions can help you in putting finishing touches on your product. How? If your product is ideal for children, then it needs to be bright and colorful. In addition, if your product is designed for cold climate, you need to avoid marketing it in places that it’s hot all year long.
It is quite likely that your product is tailored for certain industry (for instance, agricultural); then think of those that will manage to benefit the most from your invention! Should your product is designed to work with specific soil or crops, then you should target geographical region rich with desired characteristics. As you can see, this step requires a thorough research, planning and leg work; the advantages, on the other hand, will likely be payoff rewarding!
Step 5 – Produce Full or Small Scale Model of Your Products Or Services
It is rather important to create a working model from your idea. Why? With a real-life type of your idea (or perhaps a scaled-down version of it), will help you to –
1. Identify its limitations and gives you a chance to re-think some elements of your initial design making necessary corrections
2. Boost your final design
Along with the above mentioned items, the ultimate model will allow you to psychologically. There is not any better feeling then to be able to physically see and touch the roll-out of your very own mind! The fact that you are touching the actual-life style of your final design will give you positive psychological boost equal to not one other you’ve experienced during design process, motivating you even more to succeed!
The best way to approach this method is to attempt to draw on a piece of paper the final version of your own product, how you will view it around this point soon enough. Your drawings should show your final idea/product under different angles, in a 2-D and 3-D. The picture might not pretty because not a lot of us have the necessary drawing skills. However, this drawing task will allow you to immensely solidify your design and pin-point things that you continue to have to work on. In addition, I strongly suggest that you generate your initial product prototype from clay or some other material that is certainly readily available. Why? As this prototype in addition to initial drawing will help you explain your idea to technical individual who, subsequently, will transform your design into highly technical engineering drawing.
When you prepared your model, try to determine what materials should go in into construction of real-life product. Will your products or services be build of plaster or metal? If metal, then what kind of metal – could it be aluminum, copper or some type of alloy? When you determined the necessary materials, estimate production cost because the price that you’ll charge for the product will depend on the production cost of every person unit. You don’t must be 100% correct at this stage along with your material selections, but it’s excellent to know what materials will go into manufacture of your product so that you have a ball-park figure on the final price of your product or service.
Step 6 – Estimate Cost and Gross Profit
As soon as you determined who will make use of your product and where (or perhaps your product’s market), it is actually time and energy to think “big” – make an effort to work out cost/benefit analysis of the product. Below is really a case study –
Mary A., a homemaker with three little children, designed a plastic bottle holder for babies and small toddlers. Her bottle holder was designed in a way it would hold both bottles, spoons and bottle caps. Mary A. created numerous drawings of her product and through the help of her husband managed to make a full-scale version of Inventhelp Inventor manufactured from clay. Before involving an engineer, Mary A. estimated that her product is going to be made entirely away from plastic. The estimated production cost of 1 bottle holder is $3.00 (we presume the manufacturing plant is found in China and shipping costs are already factored in in to the estimated production cost). Mary A. did comparative shopping and determined that other kinds of Baby Holders are selling around $15 dollars. In addition, Mary found out that three local baby stores each serve 1000 shoppers per day (including online purchases); additionally, each stores needs a 40% commissions per each purchase – which means $6 is paid as a commission for the store for every $15 purchase. Mary A. immediately worked out that her total profit will likely be $6 per each bottle holder ($15 – $6 – $3). Presume that a person third of shoppers in each store have either babies or toddlers who still need bottle holders (approximately 330 consumers per store), Mary A. can generate profit in the quantity of 330 X 3 X 6 = $5940.
Step 7 – Product Marketing
Correct marketing strategy is totally necessary to the prosperity of your idea. Partnering with marketing company which you can trust and rely upon pays big dividends in the long run and really should not be overlooked. What should you know about marketing companies? Most of these companies are separated into two groups (I will contact them groups A and B) –
1. Group A: These companies claim they may have specific knowledge and inside connections in a broad range of industries. In addition to been expensive, a lot of companies that fit in with this group are charged with fraud and inventor should carefully consider who they are working with. Inside the best case scenario, you could potentially lose all of your money and valuable time; in worst-case scenario, in addition to losing money somebody else may benefit from your invention (unless, obviously, that you were lucky enough to patent it!!)
2. Group B: These businesses give inventor complete freedom in marketing their idea. Inventors choose things to say while focusing on emphasize areas which they believe are most pertinent to their invention. I might like to point out IdeaJets website (www.ideajets.com):
IdeaJets is actually a marketplace where people with ideas and corporations who hunt for sharp minds meet. Along with helping you discover a right partner who can help you realize your opinions and dreams, IdeaJets also brings inventors in contact with other ambitious individuals to cultivate and promote the culture of inventiveness and success. You can meet your fellow inventors using IdeaJets messaging system or in Forums. Hopefully, by sharing ideas and opinions, users might view their inventions or ideas in a new light, refine and re-define those to further improve their chances to be successful. Since right now, IdeaJets is entirely free!
Conclusion plus some Final Thoughts:
As one can see, it will take plenty of patience, preparation and perseverance on behalf of inventor to achieve success. The biggest thing would be to not get discouraged by the actual existence of competition and potential rejections. When I mentioned in my article, level of competition is good and healthy. In case your competitor is enjoying a amazing success with the product much like what you’ve developed, then because of this the product that you are currently focusing on has great potential. Carefully examine competitor’s product and determine its weaknesses or vulnerabilities. This, of course, presumes which you finalized your initial design, resolved all of the kinks and produced a complete-scale (or scaled-down) version of the product. When you know enough about competitor’s product, carefully study your market and demographics – this will help you in designing marketing strategy specifically tailored towards your products or services. Put on paper and document all your findings simply because you may forget some details afterwards and understand that the information you painfully need is gone. In general, attempt to incorporate all your findings xqvfcq to cost, market and demographic analysis into Business Plan and store it in a safe place! A lot of companies you are going to attempt to work or partner with will require you to produce Business Strategy documentation. Not having you might force one to produce Business Strategy documentation almost overnight and this is not an easy task. My suggestion to you – begin working on the Business Strategy through the very beginning and save from having sleepless nights! Along with a final word of wisdom – don’t hesitate to become over-confident, because confidence and belief in one’s own powers are a good recipe to success!