A brand new Invention, What Should I Do Next?

Well, because the coordinator for any think tank which happens to operate online, entrepreneurs are visiting me on a regular basis and asking me on how to sell their fun new InventHelp prototype or product. Or, maybe they haven't even have got to the expansion or prototype phase yet, however they use a great idea, it is a new innovation that nobody else had the idea of, and they would like to take it into reality, and only make royalties off of the sales, manufacture the item themselves, or sell the idea to a larger corporation for a whole couple of money. Yes, this is actually the inventor's dilemma, what direction to go next.

Recently, an area inventor stumbled on me for advice since i handle people on the Internet all over the world, realize that I run a think tank, and so they asked me what they should do. I can't tell you what this special invention is because it is this kind of good plan, and it's also confidential. Nevertheless, I recommended which they will continue to "Google Scholar" and check to find out if anyone else has a patent. First, it won't be an easy task to check because different industries use different buzzwords.



There might be someone who has the patent to your exact invention and idea, almost just how you envision it in your head, but to discover it you need to get creative and search all sorts of comparable words to locate it, and if it is operational you need to do need to find it. Needless to say, whether it doesn't exist, then you're lucky, you'll be able to go to next step. When someone already has a similar patent, try to find a different application for your device, or result in the device in a different way. If you fail to, and they've covered almost all their bases, you might need to contact the individual, to see if you can't make and market their product, because many individuals get a patent and not exercise it.

In other words they never build the merchandise, never intended to, they simply wished to get the patent keep it, in case another person did, and they could get money from their store. Also, sometimes patent holders have held their patents for many years, or decades, they might be willing at this time to help you to produce their idea, for a couple percentage points in royalties. Therefore, if someone already has got the patent, it is possible to work with them with some kind of exclusive seek a certain industry niche or application, and only give them several percentage points. Everyone wins.

They only license the patent to you personally to your specific use, therefore you can start which makes it, and selling it. That's every bit as good right? Sure it really is, and you also don't need to get the patent, you only have to give them a few percentage points - that saves you time, as the patent process can take years, and price thousands of dollars. So in this instance, it could be also better. Indeed I think you'll will please consider all of this and think on.

FYI: Oh, one last thing, I am not a patent attorney, and you do need to do a legal bona fide patent search although you may don't find anything online prior to starting the patent process. You may need a good patent attorney because of this, and become very cautious about people promising a turnkey patent online, not all of them are savory characters - how would you think I am aware that? Let's just refer to it as; hard knocks and experience.

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