Header Ads

Breaking News

Turn your Innovative Ideas into Productive Product

What to do with the great invention ideas? Before you start marketing your inventive app idea to wrong people or start running for the first investment then you must protect it.  If you want to produce and market your invention to another company for making money out of your invention then to make sure that your idea does not get steal you should patent with the U.S Patent and Trademark office. Here are some of the steps that you should do:

Step 1: Documents your app idea:

Having an “app idea” is worthless, you need to have a full proof plan and come up with innovative ideas. You should write everything that you think that can relate to your innovative idea, such what it is and how it works and how to market it. 

Step 2: Research it 

You need to research every possible way and situation about your idea from every point of view legal or from business standpoint. Before applying for the patent you should:

Complete the initial patent search: If you researched and saw that there are no such an invention in app and it doesn’t mean it then it already exists. If you find any type of network or design that is related to your app idea then you are not allowed to patent it whether or whether not patenting is done prior. 

Research your targeted app market: You should make sure that your idea should be unique and great idea among your competitors. Moreover the patented apps sometimes does not make money for the investors. So before you investment a lot of time and money to patent your invention you should target on research over the targeted market. 

Always have question for yourself will anyone buy it? After knowing the market make sure that your market manufactures and distribute at low cost but at a reasonable price. You can determine the costs of the data compared to the similar products currently that is present in the market. This help to evaluate the competition no matter how unique your invention is. 

Step 3: Make an app prototype

Prototyping can be considered as the model of your invention which can be put into practice which you can use in your investor journal. When you present it to your potential lenders then it will demonstrate your design and your invention. You should not patent your idea before having a prototype as prototyping will help you to discover flaws in your original design and always you will have new features to add to it.

If you patent your idea before you work out these kinks, it will be too late to include them in the patent and you will risk losing the patent rights of the new design to someone else.

Here are some general rules of thumb when prototyping your invention:

1. Begin with a drawing. Before you begin the prototyping phase, sketch out all of your ideas into your inventor's journal.

2. Create a concept mockup out of any material that will allow you to create a 3-D model of your design.

3. Once you're satisfied with the mockup, create a full-working model of your idea. There are many books and kits that can help you create prototypes. If your invention is something that will cost a lot of money or is unreasonable to prototype (like an oil refinery process or a new pharmaceutical drug), consider using a computer-animated virtual prototype.

Step 5: Market Your Invention

Now it's time to figure out how you're going to bring your product to market. Create a business plan: How will you get money? Where will you manufacture the product? How will you sell it? Now is a good time to decide if you will manufacture and sell the product yourself, or license it for sale through another company. When you license your product you will probably only receive two percent to five percent in royalty fees. This often scares away inventors who feel they deserve more. But consider the upside: You will not have the financial burden associated with maintaining a business. This could end up making you more money in the long run.

Following these five steps will ensure an easy road to patenting your invention. Just remember that an easy road doesn't necessarily mean a short one. From the time you conceive your idea to the time you see your product on the shelf is a very long process. Most inventions take years to come to fruition. Have patience and follow due diligence in your steps to patenting your invention and your years of hard work will finally pay off.

No comments:

Powered by Blogger.