Watch most Inventor shows on TV and you will likely see people on the edge of disaster financially. You hear story after story of men and women that took out a second mortgage on their house, used every bit of savings they had, were living in their car and on the brink of bankruptcy. These were those which caused it to be on camera. They had a large number of entrants and only some made it as far as being televised. Consider if even of the people who auditioned and didn’t get on T.V spent just as much money as the ones you saw. Another thing you have to consider is that all of those that did not get on T.V. were seeking somebody to produce their idea and get it to market.
There are a variety of Inventor Information submission companies available and today there are even more who have popped up offering help, for any price and feeding from everyone’s enthusiasm making it rich. Unfortunately, not every one of them have the best interest at heart. A number of them are merely in the market to empty your banking account and incredibly don’t care if your item grows to market provided that your check clears the lender. You need to understand irrespective of the person you pick to make use of, they supply something and that for every service you use you will have to pay a cost.
In the event you arrived at them and say I have idea X and I wish to possess a patent search done, I wish to file for a patent; I wish to get yourself a prototype made and possess my idea delivered to companies for possible licensing. They will be more than pleased to accomplish those things… for any fee. It is far from their job to tell you your idea stinks. They may be supplying the service you requested. They really want to offer you the assistance you said you wanted… to get a fee.
Think of it by doing this. When a company that cuts grass as a service was working down the street from the house and also you went to them and said “Could you cut my grass?” They are likely planning to say “Yes, we are able to accomplish that for X sum of money.” If you say I wish for you to reduce my grass every week whether or not it needs it or otherwise not. They will likely set you up on a schedule and trim your grass every week whether or not it needs it or not. Because, you happen to be paying customer and you also are asking them to offer you their service. They also know that should you be going to obtain your grass cut weekly whether or not it needs it or otherwise and they also turn you down you may go and find another company willing to accomplish it every week. So, is that company a poor company for giving you what you need even though you may don’t require it?
When you visit a Patent Attorney’s office and say I wish for you to do a patent hunt for me on my own idea should the Patent Lawyer say “Have you gone to Google.com/patent or perhaps the patent office website yourself first to see if everything else has gone out there?” When you go to a design firm and say “Could you build this for me personally out of titanium?” Would you expect these to say “What exactly are your plans for this particular? Have you looked to find out if other things is out there like this?”
When you visit a manufacturer with How To Patent An Idea Or Product and say ” I really want you to create me 5,000 of these in red and blue”. Would you expect these to say “We won’t make these to suit your needs until you can prove to us that these will likely be marketable and you will definitely make your money back on them?”
If that is what you anticipate to occur you will be severely disappointed because the probability of that happening are slim to none. Why? Because they are in operation to generate money and they are generally selling you a service and you also are asking them to carry out a service. Whether you are feeling it is actually morally wrong on their part to perform as you ask, even if they understand you might be wasting your money. It is not illegal so they can provide you the service. It really is your job to do your research in advance as well as be as informed as is possible to ensure that you are making a solid decision.
Don’t misunderstand me I feel horrible for anyone that loses their shirt and goes severely in debt, gets conned or just has bad luck using a item that a very good idea. I am trying to make sure you know up front what you really are getting into thus making you ask the difficult questions to determine if you want these services. Because I have said before I actually have several items on the market that I spent lower than $100 on and do not set foot in a patent lawyer’s office, or hired a design firm, or contacted a manufacturer to develop me X level of prototypes. So, it can be done.
When you think of a concept which you think is wonderful. You have to stop and accomplish this exercise before you approach any business and request any services. Take off your Inventors cap and put on your Consumers cap. You can’t think about your idea as the idea anymore. You have to consider it as something the thing is on the store shelf when you are shopping and therefore are spending Your hard earned cash to purchase it. I can’t emphasize this enough. You have to REALLY take a look at idea from the consumer’s viewpoint and get these questions.
Would I REALLY buy this item basically if i saw it within the store?
Why would I buy it?
Would people who bought one buy another later? Is your idea a 1-time purchase?
Is this something that more than just your friends and relations would buy because they like/adore you?
Which companies do you think would sell this kind of item?
Are there items like yours on the market? If so, how is yours better and why would it sell better than theirs? Are theirs selling whatsoever or perhaps taking on shelf space?
Will the consumer GET your product once they see it on the shelf without the main benefit of using a commercial built around it?
These are quick questions It is possible to answer without paying a soul. When you get more negative answers to these questions than positives you have to reevaluate your idea.
Being an Inventor you have rights when it comes to utilizing Inventhelp Inventor Stories. Many people get scammed simply because they don’t understand the right questions to ask or exactly what the invention submission clients are essental to federal law to share with you before signing on the dotted line with them. If they are unwilling to answers the questions necessary for law, that ought to be an enormous warning sign for you; run and escape from them as soon as possible along with your wallet still intact. Should they be legitimate they may have absolutely nothing to hide and should be happy to show you their successes and failures. Many get their successes posted on their site so that you can check out.
The American Inventors Protection Act of 1999 can there be to your protection. Utilize it. Companies that fall under this act must let you know the information below Prior to signing an agreement transforming into a client, not Once you have already spent the amount of money!
Let me again be clear that it must be the responsibility of the Inventor to check out an organization prior to using them. As I have said there are plenty of excellent legitimate invention submission companies, Design companies and patent giooif on the market. You simply need to be extremely careful and thorough once you choose one, decide whether you require their services and know what you obtain for your money. The odds are high which you might get burned if you just go in with the eyes closed as well as your wallet wide open.