Watch most Inventor shows on television and you will likely see people on the edge of disaster financially. You hear story after story of people that took out a second mortgage on the house, used every bit of savings they had, were living in their car and on the brink of bankruptcy. These were the ones that caused it to be on camera. They had 1000s of entrants and just a few made it as far as being televised. Consider if even of people who auditioned and didn’t get on T.V spent as much money as the ones you saw. The other thing you need to consider is that all of those that did not get on T.V. were hoping to find someone to produce their idea and get it to market.
There are numerous of How To Sell My Invention Idea To A Company submission companies available and now you can even find more that have popped up offering help, for a price and feeding off of everyone’s enthusiasm to make it rich. Unfortunately, not every them have your best interest at heart. A number of them are only out to empty your bank account and extremely don’t care should your item grows to market so long as your check clears the bank. You have to understand no matter the person you pick to utilize, they supply services which for every service you utilize you will need to pay a cost.
In the event you come to them and say I actually have idea X and I want to possess a patent search done, I would like to file for a patent; I would like to obtain a prototype made and possess my idea delivered to companies for possible licensing. They will be more than happy to accomplish those things… for any fee. It is really not their job to tell you your idea stinks. These are supplying the service you requested. They desire to offer you the services you said you desired… to get a fee.
Think of it in this way. If a company that cuts grass as being a service was working across the street out of your house and you went over to them and said “Could you cut my grass?” They are most likely planning to say “Yes, we can do that for X amount of money.” Should you say I want you to slice my grass every week whether it needs it or not. They are going to set you on a schedule and trim your grass each week whether or not it needs it or otherwise. Because, you are the paying customer and you also are asking them to present you with their service. Additionally they realize that should you be determined to get the grass cut each week whether or not it needs it or otherwise plus they turn you down you are going to go and discover another company willing to do it every week. So, is the fact company a poor company for offering you what you need even when you don’t want it?
When you visit a Patent Attorney’s office and say I really want you to accomplish a patent look for me on my idea should the Patent Lawyer say “Have you gone to Google.com/patent or even the patent office website yourself first to see if everything else is out there?” When you visit a design firm and say “Are you able to build this for me away from titanium?” Would you expect these to say “What are your plans for this particular? Have you looked to determine if other things has gone out there similar to this?”
When you visit a manufacturer with Invention Help Companies and say ” I wish for you to create me 5,000 of such in red and blue”. Would you expect those to say “We won’t make these to suit your needs before you can prove to us that these will be marketable and you will definitely make your money back on them?”
If that is what you anticipate to occur you will end up severely disappointed because the chances of that happening are slim to none. Why? As they are running a business to generate money plus they are selling you a service and also you are asking them to do a service. Whether you are feeling it really is morally wrong on their own part to accomplish while you ask, even when they know you are wasting your money. It is really not illegal so they can give you the service. It is your job to do your homework up front and also to be as informed as possible to ensure that you are generating a solid decision.
Don’t misunderstand me I feel horrible for anybody that loses their shirt and goes severely in debt, gets conned or simply has bad luck with a product which is a great idea. I am trying to ensure that you know at the start what you are actually entering into thus making you ask the hard questions to determine if you need these services. When I have said before We have several items on the market i spent less than $100 on and do not set foot in a patent lawyer’s office, or hired a design firm, or contacted a manufacturer to build me X amount of prototypes. So, it could be done.
When you think of an understanding that you simply think is wonderful. You have to stop and accomplish this exercise before you approach any company and request for any services. Take off your Inventors cap and set on your Consumers cap. You can’t consider your idea as YOUR idea anymore. You have to consider it as something you see on the store shelf whenever you go shopping and they are spending Your cash to get it. I can’t emphasize this enough. You need to REALLY take a look at idea from your consumer’s point of view and ask these questions.
Would I Truly buy this item if I saw it within the store?
Why would I buy it?
Would individuals who bought one buy another later? Is your idea a 1-time purchase?
Is this something that more than simply your friends and relations would buy because they like/adore you?
Which companies you think would sell this kind of item?
What are the stuff like yours on the market? If yes, how is yours better and why would it sell a lot better than theirs? Are theirs selling at all or perhaps taking on shelf space?
Will the buyer Obtain your product once they view it on the shelf without the advantage of using a commercial built around it?
These are simple questions You are able to answer without having to pay a soul. When you get more negative techniques to these questions than positives you should reevaluate your idea.
As an Inventor you do have rights in terms of dealing with Cool Invention Ideas. Many people get scammed because they don’t know the right questions to ask or what the invention submission clients are necessary for federal law to share with you before signing on the dotted line with them. If they are unwilling to answers the questions essental to law, that should be a massive warning sign for you; run and move away from them as quickly as possible along with your wallet still intact. Should they be legitimate they have got nothing to hide and must gladly demonstrate their successes and failures. Many get their successes posted on their site so that you can have a look at.
The American Inventors Protection Act of 1999 is there for the protection. Use it. Companies that come under this act are required to tell you the information below Before signing a contract transforming into a client, not AFTER you have already spent the money!
Allow me to again be clear that it is the responsibility of the Inventor to consider an organization prior to using them. Because I have said there are tons of great legitimate invention submission companies, Design companies and patent giooif out there. You simply need to be very careful and thorough whenever you select one, decide whether you will need their services and understand what you get for your investment. The odds are high which you might get burned if you just go together with your vision closed and your wallet wide open.