to patent an invention idea

to patent an invention idea
Whether your goal is to land a licensing agreement with a major manufacturer, to sell your product, Walmart, or find an investor with deep pockets to make your project, you must make a proposal to convince someone to do something .

Your proposal to convince your target that your product will benefit them somehow. Entrepreneurs lose sight of when they try to sell or license their products. Nobody wants to know how very cool, or your idea is, they want to know that people will buy it.

Step 1: Research your destination

First you must determine what your goal is to research the needs of their story from beginning to end. You can usually find a summary of the history of a company in the library in the magazines or online field. You can Google, Yahoo, or go to Hoovers.com. You can also search the company's website and see their "About Us" page. Look at the press, especially the youngest are.

Through these sources, you can determine the direction a company is, and whether your product fits their current and future products.

Step 2: Find the decision makers

Find out who are the decision makers. This is usually the product manager, vice president, president, or owner. The best way to find who is responsible for licensing or new products in a product the company is to call and ask. Many companies have departments for this now.

Whether it is a department or person, someone is waiting for your call. Most companies are looking for new products, and even if your destination is not active, the new product ideas, no one will be a money-maker. Good ideas have never had a hard time finding a home, especially if they are presented professionally.

Step 3: How to reach your goal

After you have explored some of the companies in your preferred and determine which suggestions you want to start contacting them. Calls are more effective and faster than e-mails. Call and ask for the name of the person with the new products into the product line. Ask the name of each person you speak, starting with the reception. In this way one can say, "hello Mr. Downs, Marianne said that the person to talk to about new products for your business line. "

If you do this in a natural clay, it acts as a referral by Marianne. Well, you do not want to be dishonest, but the perception is very important, and you seem confident and in the loop.

Step 4: Your first pitch

Once you have the right person, introduce yourself and say: "My company has an element that we fit your current product line. What is your protocol for review of potential new products? "" Then listen and write down all important information and follow to the letter.

To avoid feelings of intimidation, if you have never done so before, keep in mind that they hope to answer a call from someone who is really a unique money-producers that their company's revenue and they look like Trend Spotter.

So they say, "I believe this product will significantly increase your business revenue. "Every company likes to hear that phrase, and it immediately pique their interest. Now you can tell which product is in the category, but you do not need your invention.

Step 5: Confidentiality Agreement

Ask him / her to sign an agreement, or he / she can get to sign it. Anyway, in an agreement that states that this confidential information for its enterprise product line.

Step 6: Submit your proposal

Now you can share your proposal with the comfort of knowing that:

1) You expect them to

2) You want it, and

3) they are not stealing your idea.

Do not forget the professional, well informed, and flexible to negotiate. Send your package with an accompanying letter, which was discussed again. Stamp or print "Requested Material" on the packaging, and then to let them know that it is on the way. Contact the company about two to three weeks later, a lot of time for them to review, digest, the judgments and conclusions.

Arik Bannister is the owner of CommercialMaker, the leading online video ad production company, helping companies around the world their products and services online and on television. Arik is also the author of the Market University Product Marketing Kit, a complete guide to the manufacture and sale of new inventions.