Five Key Factors To Consider About Your Invention
Posted on February 24, 2011 by Jamie Slaughter, with 8649 views
It can prove difficult, as well as confusing, to transform your invention into reality from an initial concept. Without assistance, ordinary matters become difficult, whether it be deciding whom you need to speak to, ways to patent your invention or which path you need to take while pursuing it. Below are five key factors that you need to consider regarding your invention.
1. Find out the problems that your invention might likely solve. Every great idea stems from the attempts at solving a common problem. Individuals have problems regularly and inventors chase solutions. Before you pursue an idea, understand what problems your invention is going to solve. Confirm if your solution indeed works and whether the idea requires some external help. If the idea is too complicated to handle alone, then working in coordination with a reliable company, which understands engineering and design, might help clarify problems along with giving you possible solutions.
2. Get to know where to market the invention. After knowing the problems, which your idea is able to solve, think where to market the idea, so that it sells well. This helps greatly in each step that you take. Furthermore, compare the invention to similar products, as well as to companies making them. It helps in the future, when you will decide on a company for licensing your invention.
3. Give importance to the security aspect as well. People, who wish others to know about their invention, whether they are family members, companies or attorneys, need to think of the security aspect beforehand. The biggest fear that inventors usually have is losing their idea to others. In addition, dealing with outside companies for assistance regarding your invention might prove risky. Make sure that they have enough security measures for protecting your invention. Also, while dealing online, confirm the legitimacy of the company and know if it has security systems in place.
4. Build a product sample for ensuring your invention's success. Lack of a product sample will deter you from truly understanding the function of your invention. You will have trouble while holding business conversation. The development of product sample calls for excellent design work, prototyping and engineering. It is important to keep everything streamlined to retain your existing focus.
5. Lastly, understand the right method to patent your invention. Many a time, the primary concern on an inventor's mind is how to finally patent it. Here, more relevant question ought to be when to patent the invention or is the inventing process actually over. Many companies push inventors for patenting their idea at once. The process is time-consuming, and costly, resulting often in frustration, when inventors learn that they need to alter their idea for pleasing a purchaser or for making it manfacturable. In fact, preparing a product sample helps in identifying critical areas of your invention, further safeguarding it into a patent. It even keeps those rivals at bay, who may have considered stealing your idea.
Overall, at the time of pursuing any invention, always bear in mind and consider these five key factors, which will save enough time, money and effort.