You have a great idea and want to make money with it but perhaps your funds are low, your knowledge of manufacturing is limited and you’re not ready to quit your day job to go into business with it. Licensing is an alternative way to bring your idea or invention to market with limited risk using someone else’s resources and collecting a royalty payment. A simple definition of licensing is to rent your intellectual property, such as a patent, trademark, trade secret, algorithm or process,Read More »Licensing Your Invention
Inventing Tips Blog
You have been keeping your idea or many of your ideas a secret all this time and now ready to bring them to reality.
This may require you to search for outside help, which means that you will have to reveal what you are working on or thinking of at some point. So how can you protect yourself and your idea from getting ripped off? Let’s see who you might need involved and how to take certain measures to keep your idea confidential with others.Read More »Who to Trust with Your Idea or Invention
You brought your invention idea through the beginning steps of the process, preformed a patent search and now exploring various options of bringing your invention to market.
You could license your idea to a manufacturer with distribution which requires minimal risk and pays you a royalty or you may decide to go into business for yourself by manufacturing your product and taking a larger risk with potentially a greater return.Read More »Finding a Manufacturer for Your Invention
How to come up with an Invention Idea
When you take on a new challenge it can take time, patience and practice before it becomes more second nature. It’s similar when trying to come up with an idea or invention and may require a different approach. Be aware of your environment and pay attention to what’s happening around you. Look at how people are doing things and think about how they could do it better or how you are using a daily product or doing something regularly and see how it could be improved upon.Read More »Inventing Ideas
Here are some quick tips to get you started on your invention idea. Following these steps will help you to be prepared when you have an idea, evaluate the window of opportunity and focus on the ideas that could have the best chance for success.Read More »Start Here With Your Great Invention Idea
Home shopping channels may also be a good way to gauge interest and make money when launching your invention. Spend some time watching the format of these channels and look at their schedules for the show times that are similar to your product. Go to the shopping channels direct websites and sift through the required product submission process or call someone that already has a relationship there that can make the process easier and quicker to get to Read More »TV Shopping Channels
Here’s a great idea on how you can submit your new invention product.
Catalogs are looking for unique, specialty products to insert into their print and online catalogs. When you contact them and they accept your product, they purchase finished goods from you and do not license it from you. You need to be ready with inventory to ship from or a date when your product will be ready to ship to their warehouse. Be prepared to send samples to the catalog buyers after you have made contact and they are interested.Read More »Catalogs and Your Inventions
If you are want to pitch an industry specific product, look for the leader brands by visiting their websites and/or call their office and find out what their process is to pitch or submit your invention. Make sure your invention idea is relevant to the company’s product line. There are agents within industries that can walk your idea to the licensees or you may want to attend upcoming industry trade shows relevant to your invention. You can go onto trade show listing websites such asRead More »Presenting to Your Invention’s Industry
Direct Response TV (DRTV) companies that sell products on TV are looking for mass audience appeal and will pick up where you left off in your invention process. Pay attention to infomercials you see, get a sense of how they are delivering their pitch and what type of audience they are focused on. Notice that most follow the pattern of problem-solution ideas. Ask yourself if you think your invention could be demonstrated in a way that the TV commercial delivers the messageRead More »Infomercial Companies