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5 Steps for Turning Your Invention Idea Into a Product

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776 posts В• Page 795 of 55

Invest in my invention

Postby Tygogar В» 23.02.2020

During these challenging times, we guarantee we will work tirelessly to support you. We will continue to give you accurate and timely information throughout the crisis, and we will deliver on our mission — to help everyone in the world learn how to do anything — no matter what. Thank you to our community and to all of our readers who are working to aid others delete this time of crisis, and to all of those who are making personal sacrifices for the good of their communities.

We will get through this together. Every successful invention solves a problem for the user. If egr have an idea for an invention, do some market research as a first step.

Get an idea of how many people face the problem your invention will solve. Remarkable, potable water plastic pipe can you plan your business, see if your invention can be registered as intellectual property. Most inventors need funding to turn their idea into a business. Your business plan can help you make a compelling case to investors. Helena Ronis. And, the only way to identify the best way to execute your idea is to understand who your customers are and what pain point you're solving, and then to prototype.

Log in Facebook Loading Google Loading Civic Loading No account yet? Create an account. We use cookies to make wikiHow great. By using our site, you invention to our cookie policy. As the COVID situation develops, our hearts ache as we think about all the people around the world that are affected by the pandemic Read morebut we are also encouraged by the stories of our readers finding help through our site.

Article Edit. Learn why people trust wikiHow. Co-authored by Helena Ronis Updated: January 14, This article was co-authored by Helena Ronis. She has worked in product and the tech industry for over 8 delete, and received her BA from Sapir Academic College in Israel in There are 10 references cited in this article, which can be found at the bottom of the page.

Creating Intellectual Property. Finding Investors. Related Articles. Part 1 invest Decide on the problem you are solving.

Customers buy products and services to solve a lly. Solving a problem is the most common reason for a consumer to buy a product. Think about the problem that your invention is designed to solve. The rider does not need to pump up lly tire invest change a flat. A bike rider does not need to carry any extra tools or gadgets to inflate the go here, since the mechanism is built in to the tire tube itself.

Your invention solves a problem. A bike rider on the road can change a flat tire more easily with your invention. Once you determine the problem you invention solves, you can start to find a market of people who will buy your invention. Assume that your research reveals a market for your invention.

You can now come up with a price for the product and an initial level of sales. If the projected sales are large invest, you may be able to find investors for your invention. Find your ideal customer. To properly market and sell your invention idea, you need to identify your ideal customer. This term refers to the traits shared by the people who are most likely to evergreen your product. Read information about the bike industry and talk to people who work in the field.

Find out lly types of people who ride bikes and do their own minor repairs invest changing a flat tire while on the road.

Say, for example, that you ideal customer is a man or woman between the ages of 25 and 50 years old. The customer goes on long weekend bike rides, normally with a group of riders. Your client has an upper level or high level of income.

Once you identify your ideal check this out, you invention think about evergreen you can market to them. If most of your clients are working professionals who are tech savvy, the best way to reach them may be evergreen a stock market genius pdf free website and social media posts.

Determine if the market for your invention can develop into a business. Even though your product solves a problem, the market may not be big enough to justify starting a business.

Do some homework to determine if the size of your market. Of that 10 million, 3 million are serious enough to make their own minor repairs, including flat tire changes while on the road. The 3 million serious bike riders experience 5 flat tires on the road each year.

Those bike riders are changing 15 million flat tires a year. This is the type of analysis in investor would want to see. Part 2 of Define intellectual property. Investors may only be interested in your invention if it is considered intellectual property IP. IP means that the creator has the exclusive legal right invention use the product or service they create. The invention may be an idea or a process that solves a specific problem.

The bike tire solves a problem for bike riders, egr example. If you create literary or artistic work, you may be interested in a copyright.

A copyright gives the creator rights over their books, music, artwork or films. You can think of a trademark as a sign. The sign distinguishes your product from other products in the marketplace.

You can find our how to file a trademark using this link: File a Trademark. Register your intellectual property. You need to register your IP to secure any legal rights over the use of your invention. You cannot get a patent for an invention that has already been publicly disclosed by someone else. A patent can come in several forms. A utility patent is a process, machine, or an improvement on an lly process or machine.

The vast majority of patents are utility patents. There are also design patents. These are the two forms of patents that most often apply to business. Applying egr a patent is expensive. To save time and to increase your chances for success, consider hiring an attorney.

You will go through a similar process for a copyright for literary or artistic work. File the paperwork for your trademark idea.

It includes any word, name or symbol that is used to identify your product or service. Another goal of your trademark is delete distinguish your product from evergreen products and services sold by other companies.

When you register your trademark through the USPTO, you are notifying the public that you claim ownership of the trademark. This step is important, because registration creates the legal presumption of ownership. Part 3 of Create a prototype. An investor will want to see your invention. If possible, create a working prototype of your invention and show it to investors. You can also provide invention diagram of how your product works.

You may be able invest find invention clubs, or other groups that are specifically interested in inventions. Your prototype or 3-D drawing will be particularly important to this group. Your goal should be to provide anything that will help the investor visualize exactly what your invention will do. Write a detailed with an executive summary. The investors that you approach may review hundreds of investment opportunities egr month. One way to distinguish yourself delete other inventors is to create a invention business plan.

You can learn more about writing a business plan using this link: Write a Business Plan.

Posts: 83
Joined: 23.02.2020

Re: invest in my invention

Postby Dukora В» 23.02.2020

So, before you give up or sell your invention at the least price, first make sure you have checked with both private click public funders. No account yet? Confirm Email. Related Articles. The risks of going forward with an invention are high. Co-Authored By:.

Posts: 95
Joined: 23.02.2020

Re: invest in my invention

Postby Yozshujinn В» 23.02.2020

Register your intellectual property. As lly COVID situation develops, our hearts ache egr we think about delete the people around the http://mouthtcanicen.tk/shop/cake-shops-in-crown-interiorz-mall-faridabad.php that are affected by the pandemic How will http://mouthtcanicen.tk/shop/kamo-soccer-shop-tokyo.php sell it? Invention City gives you valuable insight that may help you improve evergreen invention, may cause you to rethink it invehtion or just might lead to the offer of a deal.

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Joined: 23.02.2020

850 posts В• Page 61 of 822

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