selling invention ideas

selling invention ideas
you have an idea for an invention? You must know some basic steps to your goals.
Try your emotions from your invention. Almost everyone I speak with inventors the best idea in the world. " For the first time inventors often think that their product will be millions. You might be right, but this is rarely the case. Stay focused on the following five steps.

First, document your idea into a logbook. This helps to think about your idea, and it provides some initial protection for your invention. Note the idea of what the invention works and how it differs from other similar products.
Each time you new information about your idea, write it in your logbook. Date and sign the logbook each time you add a new entry. It also helps to make an unbiased witness or a notary public to sign every time you do.
The more details you have about your idea, the better. Make sure that others in the industry in relation to your idea could easily understand that the idea of the logbook. Records of sketches, quizzes, photos, invoices, etc.. All these points should be signed and dated.

Secondly, the idea. Use the Internet to search for similar items like your idea. There are several Internet sources to search for companies with similar products. Use keywords related to your product, such as "tool" or "PET products.
Document the functions of all similar products: benefits, price, material, company names, etc.. Make a table comparing the differences between similar product. This will help you to determine your product niche.
Look for gaps in the product category that your product can fill. Is your product unique or different, for example, does it work easier or better? What is your idea to improve what people are currently facing? You have an advantage over other similar inventions.

Thirdly, a company, if your research shows that your idea seems to fill them. The creation of a separate society, the invention and the related issues from your personal assets. The cost is nominal and worth protecting.

Fourth, a prototype. Contact a local small business development or a patent attorney to ask where to get a prototype. Often these people have the knowledge of others in the industry to invent. By all means, it is best if you look at the prototype.
Another good option for companies, the prototype is to search the web, enter the words "invention prototype." Try a company that seems to be able to use your type of invention.

Finally it is time to find a company a license for your invention. Start by networking to see if you have a contact in the desired industry through another contact. Talk to the person that your prototype, your patent attorney and others came during the whole process of inventing.
Start by companies in your area or a region, the production of similar products (ask your board or a bank clerk). Contact local businesses to see if they license patents. If they do not, they may be able to recognize that a society works.
If there are no businesses in your area that you personally visit, then you can contact potential and ask how you products for review.
In negotiating a contract, you can usually expect around 3% - 5% of net sales in royalties.

In general, it is best to invent products, the mass, the appeal and can be used with common materials used to produce everyday objects. If the invention, simpler is always better.

Be sure that you honestly experts on the way to avoid is betrayed.

About the Author The invention GUY Emporia, Kansas invent more help, see http://www.Daystar-Talent.com Stadtrat Dr. Lee Vine, Jr. is a motivational speaker and president of the http://www.Daystar- Talent.com a product development and licensing company. He invented LaunchPad ™, the first adjustable height folding chair by the LA Lakers