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They provide the means to establish an early effective filing date in a patent application ? How we bring them to market, how we improve them and how they are executed an dealt with in business is at the center of our musings here. Sometimes it is just about the ownership and pride of coming up with something novel and new!
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If you act on an idea or thought, be sure to protect your best interests. Channeling and funneling the potential ? They do not just automatically happen. Be part of protection-while nurturing creative thinking, scientific problem-solving and technology development that will pave the way for our future. It makes dreams REAL!
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THIRTY WAYS TO BEST PROTECT AND CAPITALIZE ON YOUR MILLION DOLLAR IDEA - part 2
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!
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!