Turn Your Ideas to Profitable Patents

An excellent idea could spring into your head. Regardless of the originality, quality and need for your invention, you will never find success, if the research and development do not meet modern standards.

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Patent Your Ideas

 

When you first sketch down your initial product design, you will likely be unaware of the complex path ahead, but in order to become a success, you need to follow a strict process, which will lead you from your first draft, to patent, and finally to renown inventor and businessman.

The patent process can be a struggle in itself, since it is corrupted, filled with trolls, and in desperate need of legislative reform. This guide will acknowledge and pave the way to profitable patents.

Research and Development

New inventions are developed and launched daily, which can elevate the difficulty of breaking into a specific market.

Your initial step should focus on the crucial research and development stages. Strive to find a product that is original. If you’re not passionate about your product, no one else will be. Choose wisely and you will have already developed a strong foundation.

Patent Search

Once you’ve developed an idea that proves worthwhile, you will need to search the patent database. Pinpoint specific patents, which share similarities to your own design. In order to avoid future lawsuits, it is wise to alter your product to make it stand apart.

While it is important to change your initial design, you should not throw your introductory dream out of the window. Once you’ve reached the point of a unique and original product, it is important to patent it immediately.

Understand Your Market

Depending on your specific ideal, you will have unique types and groups of individuals, who will be interested with your idea. There are many ways for you accomplish this. One of the most common is through InventHelp where you will have acccess to manufacturers and companies would be inclined to build and sell your products. Remember that this company is not responsible and in no way offers advice regarding your idea’s patentability. However, they offer guidance for researching and understanding your market.

Manufacture a Prototype

In order to market your product, you’re going to need a prototype. An ideal is wonderful, but consumers make decisions in a hurry, by examining a product intently. Your next step should focus on building your first prototype. If you have not yet patented your product, it is of the utmost importance to seek out and work with only trustworthy individuals. Since you’re working with a potentially valuable product design, you must keep everything silent, until a patent has been filed. Once you have a working prototype, you will be able to begin the marketing process.

The End

From here, it becomes a process of properly advertising and marketing your product or invention. Although it is important to plan for the future, you should take everything one day at a time. If you begin experiencing success, it is wise to seek out the assistance of a patent attorney, who will be able to protect your investment from the trolls, who benefit from filing bogus patents and then frivolous lawsuits against their targeted company.


3 thoughts on “Turn Your Ideas to Profitable Patents

    • April 7, 2015 at 2:42 pm
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      Glad to know that you have found it informative and interesting. You can share with others so they can be benefited too. Stay connected for more updates and articles. Thank you.

  • September 16, 2015 at 12:25 pm
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    You can contact the Patent Office. In order to be grnetad a patent, I believe you have to “reduce to practice” meaning you have to build one and make it work. There are costs associated with filing for a patent, typically, companies hire Patent Attorneys so bring money. In today’s world, if you really want it protected, you need patents in foreign countries as well and you need to plan to agressively prevent patent infrigement (back to Patent Attorney and bring money).You may also consider getting a trademark. I do not know the details but I think it is less expensive, does not take as long, I don’t know if you have to build one and make it work or not, but it does not provide as much “intellectual property protection” as a patent. Third option, keep it a trade secret and capture the market before any competitors have a chance to get in.If there is a risk of injury to users of your invention, you should also consult an insurance company (once more to the bring money thing).Good luckReferences :

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