Tip 8 – When to hit the brakes! Blog By Edward Ayres – IP President In recent tips we’ve discussed topics to consider when inventing and when deciding to pursue your invention. If you’re idea realistically exhibits an advantage, purpose, need or generates a desire you may have something worth proceeding with, but how do
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Tip of the Week: Tip #7 of 25
Tip 7 – Wow! Blog By Edward Ayres Any new product has to have the ability to appeal to consumers. It must have the ability to generate a desire or fill a need. It’s the snap, crackle, pop of a new product! When considering pursuing your idea, an important aspect to consider is your invention’s
Tip of the Week: Tip #6 of 25
Tip 6 – Has someone already thought of my idea? Blog by Edward Ayres – IP President If you’ve ever had an idea for a new invention, you’ve probably asked yourself, “Has someone else already thought of it?” The next question is, “How do I find out?” Years ago you only had a couple of
Tip of the Week: Tip #5 of 25
Tip 5 – Everyone’s going to buy my invention! Blog by IP Marketing Team Most people with an invention want to patent their idea and be paid royalties. Many of these inventors will pursue a licensing agreement. This means a manufacturer or other company will produce the product, make it available for purchase and pay
Tip of the Week: Tip #4 of 25
Tip 4 – Cost-to-Price Ratio & Your Invention Blog By Edward Ayres “It’s very inexpensive to make!” With a majority of companies adhering to the manufacturing principle of cheaper is better that’s a great starting point. However, it’s only half the equation. Another very important question is, how much will consumers pay for your product?
Tip of the Week: Tip #3 of 25
Tip 3 – Should you proceed with your invention? Blog By Inventor Process Team Should I proceed with my idea? That is the million dollar question for most inventors. Unfortunately, there’s no magic formula, there’s no “X squared plus Y” equals success and of course there’s no crystal ball. However, there are several criteria to keep in
Tip of the Week: Tip #2 of 25
Tip 2 – You have the Idea! Now What? By: Edward Ayres You’ve got an idea, but what should be your first step? The quick answer is, write it down. However, what information should you include? What’s important? Do you need to take a class in legalese to get started? Keep reading and I’ll answer
Tip of the Week – Tip #1 of 25
Tip #1 – Keep it Simple Blog by: Edward Ayres – President of IP, Inc. Simplicity is the key to invention success! We’re all familiar with the KISS principle, and for independent inventors it pertains to the design of their product, to the field of the invention, and even its market potential. When it comes
Tips for Successful Inventing
Tips for Successful Inventing Blog by Kristen Ayres Resource: The IP Team Have you ever wondered what it takes to get a new invention to store shelves? How not only to come up with an idea, but to actually make money from it? How did inventors with products at Wal-Mart, on infomercials and in malls