Watch most Inventor shows on television and you will likely see people on the edge of disaster financially. You hear story after story of individuals that took out a second mortgage on their house, used every bit of savings they had, were living within their car and on the brink of bankruptcy. These were those which made it on camera. They had thousands of entrants and only some made it as far as being televised. Imagine if even of individuals who auditioned and didn’t get on T.V spent just as much money as the ones you saw. The other thing you have to consider is that all of those that did not get on T.V. were hoping to find somebody to produce their idea and get it to promote.
There are a variety of Ideas For Inventions submission companies on the market and now you can even find more that have popped up offering help, for a price and feeding from everyone’s enthusiasm making it rich. Unfortunately, not every one of them have your very best interest at heart. Many of them are only to empty your banking account and incredibly don’t care should your item grows to market provided that your check clears the financial institution. You have to understand no matter who you pick to utilize, they supply a service and that for every service you use you should pay a value.
Should you visit them and say I have idea X and I would like to have a patent search done, I want to apply for a patent; I wish to get a prototype made and have my idea sent to companies for possible licensing. They are more than happy to accomplish those things… for a fee. It is really not their job to tell you your idea stinks. These are offering the service you requested. They desire to offer you the services you said you wanted… for any fee.
Think about it by doing this. When a company that cuts grass being a service was working across the street out of your house and you also went over to them and said “Can you cut my grass?” They are likely going to say “Yes, we can do this for X sum of money.” If you say I really want you to cut my grass every week whether or not this needs it or otherwise not. They are going to set you high on a schedule and cut your grass each week whether or not this needs it or not. Because, you are the paying customer and you also are asking them to provide you with their service. They also know that should you be going to get your grass cut each week whether or not this needs it or not and they also turn you down you will just go and locate another company willing to do it every week. So, is the fact that company a bad company for providing you with what you need even if you don’t require it?
When you visit a Patent Attorney’s office and say I want you to perform a patent look for me on my idea if the Patent Lawyer say “Have you gone to Google.com/patent or the patent office website yourself first to find out if other things has gone out there?” When you visit a design firm and say “Can you build this for me personally from titanium?” Do you expect those to say “What are your plans for this? Perhaps you have looked to see if everything else has gone out there such as this?”
When you visit a manufacturer with Ideas Inventions and say ” I want you to help make me 5,000 of such in red and blue”. Can you expect them to say “We won’t make these for you personally up until you can prove to us these will be marketable and you will definitely make a refund to them?”
If it is exactly what you expect to occur you will end up severely disappointed because the chances of that happening are slim to none. Why? As they are running a business to earn money and they are generally selling you with a service and also you are asking them to do a service. Whether you are feeling it is morally wrong on their part to do when you ask, even though they know you might be squandering your money. It is not illegal so they can provide you the service. It is your job to seek information up front and also to be as informed as is possible to successfully are making a solid decision.
Don’t get me wrong I feel horrible for everyone that loses their shirt and goes severely in debt, gets ripped off or simply has bad luck having a product which is a great idea. I am trying to make sure you know up front what you are actually engaging in thus making you ask the hard questions to determine if you need these types of services. When I have said before I have several items on the market i spent less than $100 on and not set foot in a patent lawyer’s office, or hired a design firm, or contacted a manufacturer to develop me X amount of prototypes. So, it could be done.
When you think of a concept that you simply think is great. You need to stop and do this exercise before you approach any company and request any services. Go without your Inventors cap and set on the Consumers cap. You can’t think of your idea as YOUR idea anymore. You must think of it as something the thing is on the store shelf when you go shopping and are spending Your cash to buy it. I can’t emphasize this enough. You have to REALLY take a look at idea from your consumer’s point of view and ask these questions.
Would I Seriously buy this item basically if i saw it within the store?
Why would I purchase it?
Would people that bought one buy another later? Is the idea a one-time purchase?
Is that this something that not only your friends and relations would buy since they like/adore you?
Which companies do you reckon 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 a lot better than theirs? Are theirs selling at all or perhaps taking up shelf space?
Will the customer Obtain your product whenever they see it on the shelf without the benefit of using a commercial built around it?
They are quick questions It is possible to answer without having to pay a soul. When you get more negative solutions to these questions than positives you have to reevaluate your idea.
Being an Inventor you actually have rights in terms of dealing with Invent Help Inventors. Lots of people get scammed simply because they don’t know the right questions you should ask or just what the invention submission clients are necessary for federal law to tell you before signing on the dotted line along with them. If they are unwilling to answers the questions necessary for law, that needs to be an enormous red flag for you; run and escape from them as soon as possible along with your wallet still intact. If they are legitimate they may have absolutely nothing to hide and must be glad to show you their successes and failures. Many have their own successes posted on their site that you should take a look at.
The American Inventors Protection Act of 1999 is there for the protection. Use it. Businesses that fit into this act must tell you the details below BEFORE you sign a contract becoming a client, not Once you have already spent the cash!
Permit me to again be clear that it is the responsibility of the Inventor to look at an organization prior to using them. When I have said there are tons of good legitimate invention submission companies, Design companies and patent giooif available. You simply need to be very careful and thorough whenever you pick one, decide whether you will need their services and know what you obtain for your investment. The odds are high which you may get burned in the event you go along with the eyes closed as well as your wallet wide open.