The notion of having invented something is a joy, so much so that many inventors want to hit the market and make money right away. This is not a bad idea, but there are many false starts that later bring discouragement and loss of hard earned money. We want to help you avoid this scenario by showing you how to start your invention, so that you can enjoy your innovation.

 

Many inventors start their journey to commercialize their invention by first filing for a patent. Filing for a patent is not a bad idea, but the timing is crucial. If you file too early and have to make major changes to your invention, you will spend more money to open a new application or make amendments to the exiting one.

 

Another problem that you will face as an inventor, if you file too early without working on other aspects of the commercialization process is that you may actually get the patent, pay fees on it and not have a product to sell. You may even find out that people are not ready to buy the product. In this scenario, you are going to pay patent publishing and maintenance fees on an already expensive patent that is not generating income.

 

Attorneys charge about $10,000, on the average, for a Utility Patent. If you do not test the market worthiness of your idea before spending large money, you run the risk of loosing that $10,000 with nothing to show for it.

Research Your Idea

 

The proper way to successfully invent is to start by doing a research to ensure the market worthiness of your idea. After you have made a working prototype, you need to do a professional evaluation to determine the likelihood of success.

  

Perform an Invention Evaluation

A first level marketability evaluation and the worth of your idea is necessary. This should be done by a professional who will reaveal any flaws in your concept or design without biases. As an inventor, you are proud of what you have achieved and this comes with some bias about the market worthiness of your idea. Let a professional evaluate your idea and give you an indipendent opinion....But I caution you here: Before you let someone evaluate your idea, make sure that you have a written and signed non-disclosure agreement.

A signed and dated non-disclosure agreement  is your evidence that an individual or company was given knowledge of your idea. The agreement is also, a company or  individual's guarantee that he/she will not disclose your idea to a third person.

The Go-No-Go Decision

You will have to decide, based on the results of the evaluation, if it is worth your time and money to persue commercialization of your invention or idea. Inventing, in many cases, costs a lot of money so do not be biased about your decision. A good evaluation will reveal why your idea may either succed or fail. With this information, you need to make the decision to either go forward or stop


If you need a professional evaluation done on your idea, you may sign up for our free Preliminary Invention Evaluation System.