How Do I Bring A Product Idea To Life?

What do you do if you have a product idea?

5 Steps for Turning Your Invention Idea Into a Product.Step 1: Document It.Step 2: Research It.Step 3: Make a Prototype.Step 4: File a Patent.Step 5: Market Your Invention..

Does InventHelp steal ideas?

In fact, the suit alleges, InventHelp does not make sure it sends clients’ inventions to legitimate, operational companies still interested in receiving new ideas. … Indeed, the lawsuit claims, the industry “matches” were “baffling.”

How can I get paid for my ideas?

EXAMPLES: Here’s a few companies that will pay you for your ideas: ThinkGeek.com pays you $250 in CASH (or a $300 TG Gift Cert) if they decide to use your suggestion. Furthermore, if you send them complete artwork that they end up using, they’ll send you an additional $250 in CASH. Submit your ThinkGeek idea here.

How do I sell an idea to someone without a patent?

You can sell an idea to a company without a patent. You need a way to stop them from stealing the idea from you. One way to do that without a patent is with a nondisclosure agreement, aka NDA. The NDA would limit the company’s ability to use your idea without paying you for it.

How do you protect an idea for a product?

Only intellectual protection tools such as patents, designs or models, trademarks or copyrights can protect the materialization of an idea. The idea cannot be protected as such, but the means leading to this idea can be protected. Furthermore, the protection tools can be combined.

How much can you get paid for an invention idea?

Although they’ll typically accept any amount they can get, this payment is usually in the neighborhood of $5,000-15,000. (I’ve heard of people who have paid as much as $30,000.)

How do I get a prototype made?

Here are four steps to get your first prototype built so you can turn your idea into a patented, profitable product.Create a Concept Sketch. The first step toward turning your idea into reality is getting it down on paper. … Develop a Virtual Prototype. … Build a Physical Prototype. … Locate a Manufacturer.

Can I make a product that has a patent?

You can’t patent an existing or old product. However, you can patent a new use for an existing or old product as long as the new use is nonobvious. Moreover, the new use cannot be inherent in the use of the existing or old product.

How can I patent my idea for free?

Steps to Filing a Patent ApplicationKeep a Written Record of Your Invention. Record every step of the invention process in a notebook. … Make Sure Your Invention Qualifies for Patent Protection. … Assess the Commercial Potential of Your Invention. … Conduct a Thorough Patent Search. … Prepare and File an Application With the USPTO.

How do I sell an invention idea?

Three Steps to Selling Your IdeaKnow your market. This means gathering as much feedback as possible on your own invention idea. … Do some legal legwork. Go as far as you can to determine if your invention is patentable or if it can be produced without infringement on other filed patents. … Look into production.

How do I get a big company to buy my product?

Seven tips for selling to large companiesDon’t be afraid. Approaching a large company can be intimidating. … Do your research. … Know how to play the game. … Develop relationships, before you need them. … Recognize that size matters. … Don’t undervalue or overvalue your worth. … Remember that the grass isn’t always greener on the other side.

How do I bring a product to life?

From Mind to Market: Bringing Your Product to LifeStep One: Research Your Market. You think you have a great idea, now it’s time to see if everyone else thinks so too. … Step Two: Collect Data. Use your initial research findings to develop questions for your target customer. … Step Three: Build a Concept. … Step Four: Develop a Prototype. … Step Five: Test Out a Pilot Version.

How can I have an idea to improve a product?

7 Simple Ways to Improve Product DevelopmentSize the opportunity, not the market. … Kill a few new ideas. … Find the pain points. … Price for customers. … Get customers involved early. … Dedicate a team to the job (and empower them to do great work) … Consider life after launch.

What invention has an idea but no money?

I have an invention idea but no moneyDocument your invention idea to have an information trail. … Research the market for your invention idea to see if it can succeed. … Create a prototype of your invention idea to show how it works. … Patent your information idea to protect it. … Create a marketing plan to spread the word about your information idea.More items…•

How do I protect my idea without a patent?

If you determine that the invention is probably not patentable, the most effective way to protect yourself is to have prospective licensees sign a nondisclosure agreement before you reveal your invention. This document is sometimes called an “NDA” or a “confidentiality agreement,” but the terms are similar.