To these case histories I've added a large helping of practical actions for commercializing your innovation, all based upon my own twenty-plus years of guiding inventions from the first trickle of an idea to a big revenue stream. Not surprisingly, you will find a bit of bias in favor of the independent inventor. In addition to optimism and sheer doggedness, converting an invention from a great idea into a flow of cash often requires a real entrepreneur.
Esprit, elan, and invincible belief are always valuable. But they are not enough. So, if you yourself are an inventor, a discoverer, a creative idea person, inside or outside of a big corporation, read ahead and enjoy vicariously the successes of others and store away in your memory the imaginative ways they broke through the barriers. If you are a corporate executive whether in management, marketing or research you'll find clues here for getting the best results from the creative minds within your own company as well as managing the risks of new inventions without upsetting the entire Board of Directors.
Book Description In this informative and fun-to-read guide, master inventor Maurice Kanbar-creator of the D-Fuzz-It sweater comb, New York's first multiplex theater, and SKYY Vodka-cracks open his notebook to walk would-be inventors through five proven steps for turning a good idea into a fortune. Fascinating reading. The book takes inventors from idea development to marketing and sales covering everything from market research to prototype development, manufacturing and licensing and debunks some common myths. It simplifies the invention process; even providing stories from real mom inventors sharing their 'aha' moments and lessons learned.
From the publisher The Everything Inventions and Patents Book is your step-by-step guide to turning your bright idea into a lucrative enterprise. Authored by two successful inventors and businesswomen, this guide shows you how to make your brainchild profitable. With information on everything from protecting your idea to learning whom you can trust, The Everything Inventions and Patents Book sets you on the right path toward turning your wildest dreams into tangible, patented reality! The Everything Inventions and Patents Book is the only resource you need for creating and protecting your idea, your investment, and your future.
From Publishers Weekly Told with verve, this delightful tale of a restless, curious inventor and entrepreneur is packed with practical advice for creative endeavors. Kanbar's 36 successful inventions from various medical devices to Skyy vodka and the D-Fuzz-It Sweater and Fabric CombR all started with difficulties anyone might encounter: hangovers, accidents with hypodermic needles, fuzzballs on sweaters.
In each case, Kanbar knew nothing about the problem he set out to solve. Unlike many inventors, who hand off their ideas at an early stage through licensing agreements, Kanbar has often set up businesses to market his products and stayed involved in every detail along the way.
He takes the reader on engaging journeys from initial conception to research, implementation, testing, refinement, legal protection, packaging, distribution and marketing. General readers will enjoy these unaffected stories of a straightforward, successful guy. Would-be inventors and anyone engaged in independent creative activity will benefit from the distilled aphorisms "Thou Shalt Not Bullshit Thyself" and no-nonsense information. It's a rare author who can end his foreword with "I look forward to reveling in your success" and make the reader believe it. While none of his inventions, except for Skyy vodka, are household names, would-be inventors will find both inspiration and beneficial tips in his affable guide.
Copyright Reed Business Information, Inc.
How to Patent an Invention: Everything You Need to Know
Today, one of the easiest ways to make money is to create and sell original ideas. Every year, more than , patents are granted in the U. With this book, would-be inventors can develop their ideas with low risk and a minimum of investment? Attorney and patent holder Steve Barbarich takes readers on an exciting journey through the patenting process. From concept to marketable product, there are step-by-step instructions that anyone can follow. This book features important information on: Choosing which ideas to pursue Taking your ideas into the marketplace Prototyping and test marketing Filing the proper forms Protecting your ideas And much more!
Review Makes what appears to be impossible, possible.
At last, a solution for the inventor on a severely limited budget. How to maximize your chances for successfully moving your idea to market on a limited budget! Where to find free or nearly free help! Tips on how to pace your expenditures! When you must spend money and when you don't have to! How to know whom you can trust and whom you should not trust! Where to find the money to help you pursue your invention! Tips for toy inventors! Most inventors' self-help books overlook the crucial steps of creating and maturing inventions.
- Suggested Books For Inventors.
- Inventor's Notebook : Fred Grissom : .
- Suggested Books For Inventors?
- Germanys Last Mission to Japan: The Failed Voyage of U-234.
- Christian Response to Dungeons and Dragons.
- Patent It Yourself - Do-It-Yourself Legal Book - Nolo.
- Top Authors;
The Inventor's Pathfinder fills this void, carefully examining each step leading from the moment of inspiration to product release. Drawing on forty years of practical experience, author James L. Cairns clearly reveals all the basic strategies of successful inventing. He teaches you how to get ideas, gauge their potential, establish their ownership, and profit from them. Cairns also shows how to avoid the devastating mistakes commonly made by independent inventors. No other guidebook comes close to offering such a complete overview of the inventing process.
In The Inventor's Pathfinder you'll find everything you need to know to take your product from concept to cash! Reprinted by permission. All rights reserved. Introduction Genius is not always rewarded. Charles Goodyear had a brilliant innovation -- rubber that could be used year-round. Charles Stahlberg woke the world up with his alarm-clock invention but then, because of business debts, was forced to sell all rights cheaply to the Westclox company.
George Ferris had two brilliant ideas -- the Ferris wheel and the amusement park -- but debts forced him to auction his wheel and eventually he was driven to bankruptcy. Adolph Sax patented his saxophone but died penniless after spending all his money on attorneys to fight patent battles. From Gutenberg yes, he died penniless as well to today, developing a great invention has never been a guarantee of financial success. There are many reasons for these financial failures -- bad luck, bad timing, the world's indifference to innovation -- but one of the most significant causes is the inventor's lack of basic knowledge in three areas: law -- the array of laws, such as patent law, that protect inventions and thereby enable inventors to make money from them business -- the knowledge of how to properly organize and run inventing activities like a real business, and taxes -- the ability to take advantage of the tax laws to help underwrite inventing efforts.
This book is intended to help the independent inventor fill this knowledge gap. Whether you're a full- or part-time inventor, just starting out or highly experienced with many patents to your name, reading this book will enable you to answer such crucial questions as: If I invent something on the job, who owns it -- my employer or me? See Chapter Can I deduct my home-workshop expenses from my taxes? See Chapter 7. Should I incorporate my inventing business? See Chapter 2. See Chapter 8. Reading this book won't guarantee you'll get rich from inventing, but at least you'll be able to avoid some of the mistakes other inventors have made.
Business, Tax or Law? This book is divided into three conceptual parts: Starting and Running Your Business. Chapters 2 through 4, 9 and 10 cover starting and running your inventing business, including choosing your form of business, record keeping and hiring employees and contractors. Chapters 5 through 8 cover the tax aspects of inventing, including such issues as showing the IRS that your inventing is not a hobby, deducting your inventing expenses and paying taxes on inventing income. Ownership and Exploitation. Chapters 11 through 17 cover laws regarding ownership and exploitation of your invention.
Coming up with an idea or inventing a product is a process that takes commitment, dedication, and self-belief. By cultivating a growth mindset a mindset in which your brain is very active , and by working hard, your brain can grow and change, making it easier for you to solve problems and find new solutions.
- Featured channels?
- Band of Angels;
- Shop by category.
- Statistical Physics of Fluids: Basic Concepts and Applications.
- ISBN 13: 9781413306446.
The rough times are what weed out others from achieving their goals. If you want to invent a new solution to oily hair shampoo , no one is stopping you. This sort of in-depth experience gives you unique insight into the daily workings of a particular industry. I know all the jewelry suppliers, and I know what products and ideas are currently trending. I needed a desk that had features that would give me quick access to a variety of tools; that was large enough for all my mixed media projects; and that was also sturdy enough it could take hammer blows and an occasional brush from a blow torch.
See a Problem?
It was small and expensive. Today it is even larger. What are other people always complaining about? What do your friends want? To find out what people are complaining about, read forums, turn to your social media accounts, and read reviews. Open your mind to all the problems people are talking about. If you do have competition, pay special attention to your product name, price range, materials used, what the product claims to do, packaging, and who the manufacturer is. You can do a lot of this research online, but you can also do it in-person.
Drop into a store that you think would be a great candidate for stocking your product in the future. Check out what merchandise is taking up shelf space and figure out where your product might sit within a similar store. That said, not every product that has been patented can be found in stores. The U.
Patent Search. If you do find a patent similar to yours, worry. How the patent is worded can make all the difference. If you need help at this stage, contact a patent attorney and get their opinion. Try to sample your ideal audience, and not just anyone. If you want to explain your idea to someone in-depth and are worried potential theft, you can get them to sign a non-disclosure agreement NDA —a legal document that states both parties intent to keep information confidential.
You can create one for free on the RocketLawyer website. For example, if your idea is a new way to remove cat sand from a cat litter tray, you could ask people what bothers them most about the process of doing it. Of course, you could also calculate your price based on the cost of materials and manufacture. Pricing a product right is as much an art as it is strategy informed by careful research.
Read our article on strategic ways to price your products or services. A licensee is a company that agrees to manufacture and sell your product idea. Like a book publisher, licensees usually send you payments in the form of royalties, so for each product sold, you earn a percentage. A great way to find potential licensees is to look for products similar to yours and then to look for the name of the manufacturer. You can usually find it right on the box! You can do this on your own too using the lean planning methodology.
Use the research process to help you get a good sense of the type of customer your product will serve. Not only will this impact how you design the product, but also where you distribute it, and how you market it. Furthermore, the industry statistics for businesses who focus on products instead of customers are harrowing.
According to a study conducted by seed accelerator Blackbox, many tech startups failed because they focused on their product rather than their potential customers. A structured customer discovery process makes a big difference in defining the key features for an early prototype. Building a product without finding problem or solution fit by talking to customers is one form of premature scaling. Beyond focusing on your potential customer base, make sure to scope out the competition. Before they used LivePlan, many of our customers had to make do with Excel, using complex formulas to keep track of important data.
Many ideas can be improved with a bit of fine tuning. This is where the fun really begins. How much can you afford to spend on getting a physical prototype made? When it comes down to prototyping your idea, you need to first decide what the purpose of the prototype is.
Is it so you assess the product, or is to sell to prospective clients? Depending on its purpose, you can adjust your budget to suit. If you do however require a more professional prototype, use a 3D printing company, or find an affordable manufacturer.
Which of these books are unnecessary?
You can check out the resource list at the end of the article for more information. Make sure to do this initial manufacturing in small batches, too. You want to be able to change it. In this case, you may first want to file for a provisional patent application PPA. A non-disclosure agreement is a legally-binding mutual agreement between you and whomever you are sharing your idea with.
In order for the NDA to be enforceable by law, it will need to be signed by both yourself, and the party receiving it. If you need an NDA, you can pay an attorney to create one for you. You can also do a Google search to find one that you can use as a template. With trademark protection, nobody else can use the name on similar products. You can also use a trademark to protect a logo or a phrase associated with your product.
The name is likely enough, as the company licensee will have their own team to do the rest for you. To get a trademark, you can pay an attorney to conduct research to find out whether or not the name, logo, or slogan has been taken, and to file for trademark protection as well. They will walk you through the entire process. The same is true for your own actions; make sure to do your research before choosing a name. Filing for a PPA is a fairly inexpensive way to go about getting your product protected. Given that you need to file for a full patent within one year of obtaining a provisional patent, you should start the non provisional patent process filing as soon as possible as it can take up to half a year to receive full protection.
If you plan on approaching a licensee or an investor, you may also find that they prefer dealing with a product that has some form of protection. Seasoned inventor Patricia Nolan-Brown suggests going through a patent attorney when filing for either a provisional patent or a non provisional patent. For many people seeking investors and licensees, or who simply want to test the market, the PPA is perfect for exactly this reason—if there are changes to be made, you still have the freedom to make them.
There are three types of patents in the U.