I have a (documented) background in Engineering and my idea is very sound and grounded in engineering fundamentals. I'm just hesitant to spend the 10k-15k to patent it. Many of my previously conceived ideas have since been discovered by others and have taken off (not on my patent). I have one idea now that I have absolutely no doubts that it will be big-it's my best idea. It is tremendously practical, useful and basically very simple. If anyone wants to learn a little more about it, please let me know.
FYI- If it matters, I am already a successful business man. The patent process is a long and expensive so I have hesitated to do it. THIS IS NOT A DREAM- it is very practical and could absolutely work. I have not filed the provisional patent yet- plan to soon. Every close friend that I have shared it with- even the most cynical of the lot had their jaws drop and they ALL thought it has tremendous potential- I offer no guarantees but no risk no reward, right?
2006-10-01 21:38:10 · 7 answers · asked by Dave 5 in Business & Finance ➔ Investing
I likely would sell the invention to a company- that is the plan. They have the resources to market and mass produce it. I am a capable sales person so that part is easy to me. The concern is that I want to protect the invention first so they don't take the idea from me- it's that good. Without a patent it's basically free game.
2006-10-01 21:49:59 · update #1
Your write-up is understandably vague.
So, ask yourself the question:
Your a "capable sales person", right? This means you sold on your own product. Those who know you are sold on your product?
10K-15K is a small investment for something that has "tremendous potential".
Know what has worked for me the last 18 years of my military career? Go with your gut feeling. It feeds from your subconscience, and its knows best.
Go for the patent, then make your thoughts a reality. Not many can say or do that.
2006-10-01 22:31:27 · answer #1 · answered by suvari7c 1 · 0⤊ 0⤋
What about trying to get some sponsorship to get the idea patented? Just a thought. Maybe a company would be prepared to come up with the cost if you allow them to manufacture your idea?
2006-10-02 04:41:24 · answer #2 · answered by lollipoppett2005 6 · 0⤊ 0⤋
If you're that sure, I say go for it. If you're already successful, then what's a couple of dollars out of the pocket with the potential to make much more ? I say take the risk.
2006-10-02 04:41:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Maybe people can invest their money and you can compensate them later. your a business man so marketin a plan to have others invest in a plan to patent your idea would be beneficial to you and some investors. I would be interested
2006-10-02 04:59:24 · answer #4 · answered by amihavasu6 1 · 0⤊ 0⤋
I would do it. But by the way, if you need anyone, also a good and proven salesman, then maybe get in touch with me.
good luck
2006-10-02 06:25:47 · answer #5 · answered by Gary H 3 · 0⤊ 0⤋
Give me that invention idea. I will take it to a place where it will be useful.
2006-10-02 04:43:37 · answer #6 · answered by Anonymous · 0⤊ 0⤋
This is not an "investing" question.
This is not the place to hawk your wares or drum up money or otherwise solicit.
2006-10-02 04:55:12 · answer #7 · answered by dredude52 6 · 0⤊ 0⤋