Tip 13 – Utilize Available Resources
Blog By Kristen Ayres
Over the past several weeks in our ongoing series “25 Tips on Inventing” we have covered many topics regarding the inventing process. This week we’ll discuss utilizing available resources when creating your invention and especially commercializing it. Available resources include the United States Patent and Trademark Office as well as our 25 tips. And that’s why this week we’re going to review the first 12.
- Tip 1: Keep it Simple – Simplicity is the key to invention success!
- Tip 2: You have the Idea! Now What? – Write it down and document its features.
- Tip 3: Should you proceed with your invention? – Documents important criteria every inventor should keep in mind when deciding to pursue their invention.
- Tip 4: Cost-to-Price Ratio & Your Invention – Very simply, it means how much does it costs to produce your product versus what it will sell for. Do you know the acceptable ratios?
- Tip 5: Everyone’s going to buy my invention! – A target market is a group of consumers who may potentially purchase your invention.
- Tip 6: Has someone already thought of my idea? – The fastest and easiest way for an independent inventor to find similar products, if they exist, is to Google it. If it’s not found online then a patent search is recommended.
- Tip 7: Wow! – When thinking about pursuing your idea, you must consider your invention’s potential marketability. It’s “Wow Factor!”
- Tip 8: When to hit the brakes! – If your invention does not clearly display a purpose, an advantage, a need or create a desire the risk factor is greatly increased and the odds of success are diminished.
- Tip 9: There’s only one chance at a first impression. – When seeking a licensing agreement the presentation of your product is as important as the product itself.
- Tip 10: “Need to Know” – You’re invention may have strong financial possibilities so ensure to keep it confidential until your product is patent pending.
- Tip 11: A picture’s worth a thousand words – A sketch is important because it acts as visual aid to your written information.
- Tip 12: “Review & Revise” – While reviewing your product’s design the goal is to identify areas for improvement and/or simplification.
We hope you found the first 12 tips informative and helpful. Next week, and for the next several weeks after, we’ll start discussing the process of actually moving forward with your idea, the steps to take, pursing a patent and where to turn for invention assistance.
Inventor Process, Inc. provides honest, reliable invention help. We can assist you with Patent Searches, Patent Protection, Marketing, and Royalty Negotiations. Helping inventors is all we do!
We hope you enjoyed Tip #13. We’d like to hear your feedback on this post and other topics, and please consider sharing this information as it may benefit an inventor you know.
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