How an Entrepreneur in the US Can Transform Ideas into Products
The light bulb above your head is so bright that everyone around you is threatened to become blind. However, Thomas Edison persevered, and that is why we are here living in a constantly bright world. What exactly do you with a great invention idea? Before you start expressing your ideas to the wrong person or talking about it to the first company that offers to purchase it, protect it! There are millions of people in this world with outstanding invention ideas. However, only a few of them have managed to transform their invention into real products that people actually want to purchase. No matter how good your inventions may sound, you need a viable and effective plan to make them stand out and be profitable.
Have Your Invention Documented
You need to prove to the public, potential investors and promoters that the idea is genuinely yours. If you have a creative idea, you must document all the details no matter what. At first, most ideas sound vague. Nonetheless, when you put everything on paper from scratch, it starts to make sense. After you have developed your idea, think about how to turn your invention into a product and start marketing it.
It is useless when you have an idea, but you have no evidence whether you came up with that idea or even when. Always ensure you have a notebook close to you, to note down the details of your invention idea. Your discovery needs to be detail oriented as it is going to make you a rich and successful person. Please write down your notes. How do I make a product? How do you sell it?
Create a Prototype
Next, you need to simulate the operations of your product. This process is necessary to help you eliminate all shortcomings and create new functions. According to experts at Mount Bowell Advisors, it is always prudent to avoid submitting patents until the prototype is complete. If you are applying for a patent, you have no rights of changing the investigation. It is very important to have a satisfactory product before you begin the prototype phase.
Sketch – to begin the prototype phase, first explain the ideas found in the inventors’ diary.
Mockup-create3D models of design using all models and materials.
Model-make a complete product model
Make a prototype.
It is very important to design a prototype of your own because product patents always have the flaws of the original design. You may find places to add new features. However, if you get a patent before creating a prototype, your idea may not be registered.
Patent Filing
After you have done all the required steps, it is now time to file a patent form for your idea. There are two major patents one is utility Patent while the other is Design Patent. You are now safe to fill a form and write a patent for yourself. However, it is wise not to file it before having it approved from a professional patent attorney who is registered with US Patent and Trademark Office.
By patenting your idea, you keep it safe from being stolen or copied. Probably you have heard about the poor man’s patent whereby noting your idea down and sending it to yourself in an envelope as dated proof of your inventions discovery. This is unreliable and unlikely to stay in a court of law.
File a Patent
There are two major types of patents, utility Patent (for new processes or machines) or a design patent (for manufacturing new, non-obvious ornamental designs). It is very easy to start the patent application by yourself but very advisable you file it with the assistance of a patent lawyer with proper technical expertise. When you hire the right patent attorney, it helps you ensure your patent is protected and you avoid legal costs in the future.
A patent lawyer in the US will have a good look at your application and point out all the errors that you might have made. Remember people will always want to take advantage of your idea if it is valuable and that is why you need an attorney to protect you.
Experienced lawyers will help you write a strong patent that will prevent your competitors from finding a loophole in your application. Moreover, it is very important to hire a patent attorney of your own, if you want to protect your problem and avoid legal costs in the future.
Create a business plan to market your invention
After you have successfully patented your invention and developed a fully functional product, market it properly. However, if you do not make your marketing aggressive then you are not likely to earn any profit from the product.
The simplest way to achieve this is by having a complete marketing strategy to monetize your invention. This strategy can involve things like how to manufacture your product on a large scale. It may also include where to source your funds, how you will make money, or even how you will sell it.
Treat your business invention with seriousness as it is going to transform into a product that will be sold to prospective customers. Be open-minded, analyze, and understand the market, production costs, selling price, profits, and potential demand before you start marketing your product. Talk to experts at Mount Bonnell Advisors to get more details on how to transform your ideas into products.
