Sunday, August 31, 2014

So You Invented Something?

It is truly exciting when you come up with an invention idea. Don't go crazy telling the whole world about it though. Write down everything. Take your time. Do some research. It is possible that somebody out there already did what you are doing. It is possible that someone else beat you to it!Many people don't understand the whole invention process. One is thinking about the money one can make because of an invention they came up with. It's great that you are inspired. But don't go crazy, you have to take it one step at a time.I highly recommend you read books about invention. Get expert advice from these authors. They have been where you are and know firsthand the do's and don't of the business.I met a man once that spent years on a toy invention. He spent approximately $15,000 on his prototype and became so discouraged with the whole process, including a terrible divorce. Well, he ended up throwing his "invention" in the garbage can and never pursued it again.So go slow. But don't waste time. Someone might just "invent" something very similar to what you came up with.Allow me to mention another thing. Let's say you are totally sure no one else has invented what you came up with. Beautiful! Now what are you going to do?Well, one of the first things I always recommend is: Do NOT run to an invention helper type of business! There is NO guarantee that they will help you market your product or idea and place it out there. Once you pay these people (which by the way could be over $15,000 in one sitting), you won't get your money back if they don't find a company, buyer, etc, that will want your invention idea thingy.


If you are business savvy, you might just want to market your invention idea yourself. So if you have business skills this is a great time to put them to use.Many inventors have done just that and have done well financially with their inventions. It is a lot of work. It is not easy. It is not cheap.I'm not trying to bust your bubble. I'm just letting you know beforehand.You need to stay organized in the process. Make sure you write down everything. Keep record of all your contacts. Whenever you get discouraged just take a breather, relax and continue the process.I don't know how much I should emphasize that you should read, read, read as much material as you can on the invention process and steps to take.There is so much information on the internet about this topic now. But, again, be careful.I wish you the best in your invention process.

No comments:

Post a Comment