Well, maybe that someone should be you? I am not an invention expert by any means, but I have some clients who are are inventing and re-inventing all the time. And, I'm willing to bet that everyone has at least one idea in their lifetime that could make you fabulously wealthy.
So, what do you do when inspiration strikes? Here are a few steps I was able to gather:
- Write it down dummy. How many ideas have I forgotten that were brilliant if I could just remember! When ideas show up...capture them on paper or computer ASAP.
- Do a Patent search at google.com/patents. You can see drawings of other people's ideas and dig deep to see what makes your idea different.
- Get your invention "Patent Pending" ASAP at uspto.gov/web/forms/index.html - From what I have gathered you describe your invention and and create some drawings with a nominal fee your invention is officially "Patent Pending" and you no longer have to guard it with your life.
- Ask around. Now is the time to voice your idea and start your market research. Is it a viable invention. Will people pay money for it? Is it profitable?
- When your Patent is approved (can take up to a year or 2) you can use a patent attorney that can be quite pricey or you can do it yourself as in step 3. Fees will range around $1500 for you to do it yourself or around $20 k for a patent lawyer.
- Market it and sell it yourself or try to sell your patent license to someone else. Usually a company.
The curiosity of what to do with a great idea was killing me. I hope you found it helpful to. Or start researching yourself at inventorsdigest.com/resources
Happy inventing! There are a lot of needs in our world, we need to invent some great ideas to take care of so many tough situations.
Enjoy Life Today!
Jon Bohm
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