Watch most Inventor shows in the media 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 own 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 1000s of entrants and only a few made it as far as being televised. Just think 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 hoping to find a person to produce their idea and get it to market.
There are a variety of Product Patent submission companies on the market now you can even find more that have sprung up offering help, for a price and feeding off of everyone’s enthusiasm making it rich. Unfortunately, not every one of them have your very best interest at heart. A number of them are just in the market to empty your banking account and really don’t care in case your item grows to market provided that your check clears the bank. You have to understand irrespective of whom you pick to use, they offer services and this for every service you make use of you will need to pay a cost.
In the event you arrived at them and say I have idea X and I want to possess a patent search done, I would like to file for a patent; I wish to get a prototype made and also have my idea sent to companies for possible licensing. They are more than happy to do those things… for any fee. It is really not their job to tell you your idea stinks. They are offering the service you requested. They desire to offer you the services you said you want… for any fee.
Consider it in this way. In case a company that cuts grass as being a service was working across the street from your house and you went to them and said “Can you cut my grass?” They are most likely planning to say “Yes, we could do that for X amount of cash.” Should you say I wish for you to slice my grass weekly whether it needs it or otherwise not. They will set you on a schedule and cut your grass each week whether or not this needs it or otherwise not. Because, you happen to be paying customer and also you are asking them to offer you their service. Additionally they know that should you be determined to obtain your grass cut each week whether or not it needs it or otherwise not and they also turn you down you will go and locate another company willing to do it each week. So, is that company an unsatisfactory company for providing you with what you need even if you don’t require it?
When you go to a Patent Attorney’s office and say I want you to perform a patent look for me on my own idea should the Patent Lawyer say “Have you gone to Google.com/patent or even the patent office website yourself first to see if anything else is out there?” When you visit a design firm and say “Can you build this for me out of titanium?” Can you expect those to say “Exactly what are your plans for this particular? Have you ever looked to determine if other things is out there similar to this?”
When you go to a manufacturer with Inventhelp Headquarters and say ” I really want you to help make me 5,000 of these in red and blue”. Would you expect them to say “We won’t make these for you personally before you can prove to us that these will likely be marketable and you may make a refund on them?”
If that is what you anticipate to happen you may be severely disappointed because the likelihood of that happening are slim to none. Why? As they are in business to generate money and they are generally selling you with a service and you also are asking them to perform a service. Whether you are feeling it really is morally wrong on the part to perform while you ask, even if they understand you are wasting your money. It is far from illegal to allow them to offer you the service. It is your task to do your research up front as well as be as informed as you can to make sure you are making a sound decision.
Don’t misunderstand me I feel horrible for everyone that loses their shirt and goes severely in debt, gets ripped off or perhaps has bad luck using a item that a very good idea. I am just trying to ensure that you know in advance what you are getting into thus making you ask the hard inquiries to determine should you need these types of services. Because I have said before I have several items on the market that I spent less than $100 on and never set foot in a patent lawyer’s office, or hired a design firm, or contacted a manufacturer to construct me X amount of prototypes. So, it can be done.
Whenever you think of an understanding that you simply think is wonderful. You have to stop and accomplish this exercise before you decide to approach any business and ask for any services. Take off your Inventors cap and place on the Consumers cap. You can’t think of your idea when your idea anymore. You have to consider it something you see on the store shelf whenever you go shopping and therefore are spending Your cash to buy it. I can’t emphasize this enough. You need to REALLY review your idea through the consumer’s perspective and inquire these questions.
Would I Seriously buy this item basically if i saw it inside the store?
Why would I purchase it?
Would individuals who bought one buy another later? Is the idea a 1-time purchase?
Is this an item 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 any stuff like yours on the market? If so, how is yours better and why would it sell better than theirs? Are theirs selling in any way or perhaps taking up shelf space?
Will the buyer Get the product whenever they look at it on the shelf without the benefit of having a commercial built around it?
These are quick questions It is possible to answer without having to pay a soul. Should you get more negative solutions to these questions than positives you should reevaluate your idea.
Being an Inventor you do have rights with regards to utilizing Inventhelp George Foreman Commercials. Lots of people get conned simply because they don’t be aware of right questions you should ask or exactly what the invention submission company is necessary for federal law to tell you before signing on the dotted line along with them. If they are unwilling to answers the questions essental to law, that ought to be a massive red flag for you; run and get away from them as soon as possible along with your wallet still intact. If they are legitimate they have got absolutely nothing to hide and should be glad to show you their successes and failures. Many have their successes posted on their website so that you can have a look at.
The American Inventors Protection Act of 1999 will there be for your protection. Utilize it. Companies that fit into this act are required to let you know the information below Prior to signing an agreement becoming a client, not AFTER you have already spent the cash!
Permit me to again be clear that it must be the obligation of the Inventor to look at a business before you use them. As I have said there are tons of good legitimate invention submission companies, Design companies and patent giooif on the market. You just need to be extremely careful and thorough once you pick one, decide whether you will need their services and understand what you obtain for your investment. The odds are high which you might get burned should you just go along with your vision closed and your wallet wide open.