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spare parts, furniture or textiles). It has to make sense from all perspectives, including their use and usefulness! First to invent. , that you will need both locally, domestically, nationally and internationally. 19. How could you learn more and all you need to know on how to post your patent ideas or inventions for sale, while protecting your best interest, intellectual rights and potential profits?
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You are not participating and entering the globalized, technology-enabled, online and virtual marketplace. ) on what the market has to offer, tapping your ingenuity, innovation and invention, for all it has to give and MORE! What are your strategies and plans? the owner of inventor of these ideas is generally empowered for a limited time to control all related ownership, distrobution, sales etc. PTO may allow such a petition.
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16. WE CAN NOT OVERSTATE THIS ONE ENOUGH! Keep track of your ideas by actually writing them down these notes and moments of inspiration will come to pay off loads later. You can turn this into a churning money-making machine later on, generating additional income. Your own money-mill of sorts. Date your entries and draw it, bring the concept into reality, describe it, what will it be used for, useful for, who would use it, how is or will it be made, variations on it, refine and define it more over time etc.
17. Get official recognition and registration of this idea if you deem it necessary and prudent. Get notes notarized by an official notary. This will prove date, time and the fact that it is your idea if it ever came to a legal position where you would have to defend your originality and first to idea or market.
18. Do a patent search and research patentability internet or professional patent searcher can be used in and for this process.
19. Prototypes will be next, to see and prove it works. (or look for funding, partners and manufacturers licensing agreements, non-disclosures in place to FAST-TRACK to market)
20. Read up about inventing and inventions and educate yourself on what to expect, what to encounter and what to do.
21. Non-disclosure agreements have to be signed by all parties with whom you are sharing your idea. They attest NOT to reveal anything regarding your idea without your written permission. It safeguards and protects your best interest.
22. Analyze costs, market research, manufacturing, production, distribution, delivery etc. both locally and abroad.
23. Look at the benefits and disadvantages of your product, competitors, marketplace, feasibility, longevity in the marketplace.
24. Professional prototypes and patents filings are next. Provisional and non-provisional patents, with revisions filed by legal counsel representative.
25. Licensing and royalties (3-7% of net sales) licensing agents in field of invention is a wise choice and investment, worthwhile pursuing.
26. Making and distributing the product, financing and capital
27. PROTECT YOUR IDEA! Some have called this process and outcome the product development from concept to consumer find your balance between keeping your idea and sharing it with the world! Turning it into an economically rewarding mutual value proposition in the spirit of the new economy and the commodities that exchange hands there and enable our lives!