2006-08-09 05:44:54 · 5 answers · asked by Anonymous in Business & Finance ➔ Advertising & Marketing
Here are some steps you need to take to protect your idea:
1. Consult a patent lawyer and check if your idea can be patented.
2. Keep extensive records tracking the development of your idea.
3. Conduct an extensive research to find out if there are similar patents.
4. Document where, how and to whom you showed your idea.
5. Do your own market research if your idea is marketable
6. Explore the possibility of developing the product yourself, or licensing someone else to make the product for you.
To bring your idea to market, here are some tips:
Getting Started:
- The Ideabook = Keep a bound ideabook of your invention idea. Date your entries.
- Get it Notarized = get it officially confirmed that you conceived your invention idea on a particular date, and have your notes notarized.
- Seek and Search = Do your own patent search to ascertain if your invention is original and prospectively patentable.
- Create the Initial Prototype = Use simple materials to rig it up, to see if it works.
- Get Educated = Educate yourself on the inventing process. Go to a bookstore or inventorhelp.com and review the plethora of books written on the subject.
- The Non-Disclosure Form = Agreement signed between you and anyone you reveal your invention to.
Moving Ahead
- Analyze Costs to Produce = Ascertain what the costs will be.
- The Evaluation Process = Analyze the benefits and features, strengths and weaknesses of your invention.
- Get a Professional Prototype = Have professional prototypes made, the quality of which can be shown to potential retail buyers.
- Protect Your Idea = Apply for a provisional patent yourself.
- The Non-Provisional Patent = Your patent attorney files your non-provisional patent application.
Options for Marketing
- Licensing = The inventor has the choice to license the invention to a manufacturer in exchange for a royalty percentage in sales.
- Manufacturing = Manufacturing and distributing your invention entails higher financial risk but can reap greater profits.
Here are some books that can help you:
From Patent to Profit by Bob De Matteis
Protecting Your #1 Asset : Creating Fortunes from Your Ideas : An Intellectual Property Handbook
Patents and How to Get One : A Practical Handbook
How to Register Your Own Trademark : With Forms
Patent It Yourself
Protecting Your Ideas : The Inventor's Guide to Patents
2006-08-09 09:22:42 · answer #1 · answered by imisidro 7 · 7⤊ 0⤋
To protect an original invention OR a significant improvement to an existing product, a patent would be filed. Here's the USPTO's definition: http://www.uspto.gov/web/offices/pac/doc/general/index.html#patent
NOLO is a great, free informational site. Also, be sure to read what the USPTO (United States Patent & Trademark Office) has to say about patents.
Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.
Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:
Getting a Patent:
* Patent It Yourself (11th Edition) by David Pressman
* Patents and How to Get One : A Practical Handbook by U.S. Department of Commerce
* How To Make Patent Drawings Yourself: A Patent It Yourself Companion by Jack Lo
* The Inventor's Notebook: A Patent It Yourself Companion by Fred E. Grissom
What to do Next:
* From Patent To Profit: Secrets & Strategies For The Successful Inventor, Third Edition by Bob Dematteis
* How to License Your Million Dollar Idea: Everything You Need To Know To Turn a Simple Idea into a Million Dollar Payday, 2nd Edition by Harvey Reese
* The Inventor's Bible: How to Market and License Your Brilliant Ideas by Ronald Louis Docie
* The Complete Idiot's Guide ® to Cashing in On Your Inventions by Richard Levy
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
2006-08-09 06:22:27 · answer #2 · answered by TM Express™ 7 · 0⤊ 0⤋
Forget the fear of perhaps having your idea stolen and focus on the necessity to be first-to-market and thereby secure the first-mover advantage. How wonderful an idea is will be VERY quickly established by the market and remember eventually EVERY innovation becomes a commodity and then finally obsolete. You will have an all TOO brief moment under the sun and I suggest that you enjoy it.
2006-08-09 06:48:56 · answer #3 · answered by fistfull-of-$ 3 · 0⤊ 0⤋
Hit the US Patent Office for more information. Once your idea is patented, you're protected.
2006-08-09 05:47:46 · answer #4 · answered by Village Idiot 5 · 0⤊ 0⤋
Yep, patent it. . iam looking for the same info. chek out my answers. . there is some good responses. .
http://in.answers.yahoo.com/question/?qid=20060808070631AARR7sh
2006-08-09 05:57:50 · answer #5 · answered by Dj Enigma 4 · 0⤊ 0⤋