Do you have a great invention idea? If so, you should consider talking to your employer about it. Many companies offer incentives for employee inventors to sell their products. You may even receive money for your idea if it makes the workplace more efficient or productive. If your idea is unrelated to your job, it is important to discuss it with your co-workers. If you think it has potential to be profitable, you should discuss it with your supervisor and colleagues.
Evaluate
Before investing in a product or service, you need to evaluate your idea. You may think that your invention is the best of its kind, but the odds are against you. A professional should evaluate your idea to determine its merits and potential before you make any decisions. Inventive ideas should solve a problem and help people. If your idea is not viable, you should not invest. You should keep trying to develop a new product or service to satisfy the needs of people.
You can evaluate an idea by researching its market potential by finding competing patents. These patents contain descriptions of similar technologies and ideas. If your invention is similar to another one, you might want to change the way you describe it. For this, you can use a patent comparison tool. Once you've found a patent with similar descriptions, click on the publication number and review it. Compare the descriptions of each invention to your own. If you have an idea that has a similar product or service, you may need to adjust your invention.
Develop
One of the best ways to create a great invention idea is to brainstorm. Most inventions are created to solve a problem. Brainstorming can help you generate many great ideas and concepts. However, you should be aware that brainstorming cannot lead to a patent. An invention must be new and nonobvious in order to qualify. To make your invention idea a patent-worthy one, you need to follow certain steps. These steps are:
First of all, make sure the idea you're trying to develop has the right timing and is relevant to the market. You can start by considering funding, team members, and business models. In the process, consult with a subject matter expert and determine how much the invention is worth. A good idea should be simple to build, use, and explain. Make sure the main selling points are easy to explain. Moreover, you should have a plan to implement the invention, and keep the process moving forward.
Market
One way to find a market for your idea invention is to use a business directory. These lists list companies by products or services. They also include basic information, such as the company name, number of employees, and estimated annual sales. Business directories are available in local reference libraries and online. If you have an idea for a product that will appeal to teenagers, you can use one of these directories to help you find a suitable market.
A product's "wow" factor must stand out from competitors'. In other words, it must offer a significant advantage over similar products. Searching online for similar products will help you determine if your idea is unique. Also, you can use this "point of difference" as a selling point. You can also check for prior art. This is evidence that a previous product has been patented. A good place to start your search for prior art is on the Internet. Learn as much as you can about the category in which your invention fits and find out which products have been patented.
Sell
The next step in selling your idea is to submit it to companies. Fortunately, there are a few things you can do to make the process as smooth as possible. First, gather feedback from people who are familiar with your idea. A focus group can be an excellent way to gather feedback. Another good strategy is to collect data on similar and competing products. This will help you tailor your proposal for the best chance of success. Once you have a list of companies who may be interested in your invention, you can submit your idea.
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