Tweet

Five Tips for Inventing

Written by: Brian Gates

Article Overview: When it comes to developing a million dollar invention, unfortunately there are no sure- fire paths to success. However, there are several things with which you can do to increase your odds and ensure your invention has enough potential to succeed. Below are five general tips that you should consider when developing your invention:

Five Tips for Inventing

When it comes to developing a million dollar invention, unfortunately there are no sure- fire paths to success. However, there are several things with which you can do to increase your odds and ensure your invention has enough potential to succeed. Below are five general tips that you should consider when developing your invention:

Tip One – Research, Research, Research

Make sure you spend a great deal of time not only investigating if your invention already exists but if there is also market potential. One of the simplest ways to do this is to conduct a focus group with your friends and family. Have them all over for a dinner or party and then informally ask them if your idea would be something they would buy. Their responses not only tell you if there is market potential but also may provide you with some clues on how to refine your concept.

Tip Two – Protection

We always recommend securing at least a provisional patent for your invention. This is a cheap and effective way to secure protection while you develop your idea. When sharing your idea with companies, always try to get them to sign a Non-Disclosure Agreement. A NDA is a contract that claims the parties involved, that are reviewing your idea, will not disclose, compete or share you idea.

Tip Three – Prototypes

Developing a prototype doesn’t have to cost you thousands of dollars. For first-time inventors, the best way to see if your invention will work the way you want it to would be to make it yourself. Your initial prototype doesn’t need to be made of high quality materials or look like a well polished product. The concept is to see if what you envisioned has potential and prove it will work. If everything looks good then consider investing in either a digital or physical prototype.

Tip Four – Presentation

Image is everything and when it comes time to present your idea, it can make all the difference. A well-designed graphic or polished design can make the sale and acceptance of your idea that much easier. This is where your research and the help of a professional designer can put you above the rest. High quality and informative graphics provide credibility while educating and exciting your audience. The faster they understand and the more they are wowed, the better chances for your invention.

Tip Five – Marketing

One of the best ways to get your invention moving is to attend a tradeshow. There are tradeshows for just about everything and attending one can easily put you in front of a variety of companies, buyers and distributors. These websites can help you locate a tradeshow that is right for you:

http://www.tsnn.com/
http://www.biztradeshows.com/usa/

While we could go on and on about the do’s and the don’ts for inventors, keep in mind that you are the master of your destiny and you can do well. Provide yourself with the information, tools and motivation to make your invention a success. Stay persistent, get creative and don’t take no for an answer.

Related Articles
  How To Build Selling Skills In Minutes-At The Whiteboard
  Building a Lean Healthcare Value Stream
  Bookkeeping Tips on Tips
  Book Review: Pop! Stand Out In Any Crowd
  TV Stations inventing the “good new days”

Article Tags: focus group, friends and family, high quality materials, initial prototype, invention, nda, non disclosure agreement, odds, physical prototype, prototypes, provisional patent, research research research, thousands of dollars, time inventors



Related Forum Posts
Business Tips - How about: Tips for managers to handle employees more effectively? Tips on how to deal with difficult customers? Tips on how to deal more effectively with suppliers? The only three I have in mind right now, but will try to come up with something else. Chris
Re: Using Craigslist SEO to Promote Your Website - Great Craiglist Tips for driving traffic. I can definitely use these to drive traffic to my blog.
Re: Search Engine Tips and Ideas - Share Yours - Hi there, I answer this post, to start off. I am still learning a lot on all these subjects. Moreover, we have a wonderful tool to find out from previous posts. On the top right corner, use 'Advanced Search' and write 'Search Engine Tips'. It brings up all the previous posts with that information. Check it out. You will be surprised all the inherent information stored.
The 11-7-06 NEFA Meeting went very well! - The NEFA meeting held Tuesday November 7th went very well. The meeting was very well attended and Mary Tomzack of FranchiseHelp, Inc. presented her unique perspective in regards to franchising. Mary also distributed a copy of her book, "Tips & Traps of buying a franchise". The next NEFA meeting is January 23rd, when the IFA Chairman "Doc" Cohen, an American Cookie Company multi unit franchisee with make a presentation. I'll post more information when the date gets closer. Thank you!
Patent Walk-Through - Hello everyone! My name is Alex, I'm 18 years old and I'm constantly drawing up new ideas and inventing stuff. I sketch stuff down everywhere I go and on anything I can write on. I'm a big member of our local Future Business Leaders of America chapter (FBLA). In the future I hope to work my way up to being a Venture Capitalist. I think of myself as a pretty creative person who is very motivated. Some of the ideas and inventions I come up with are pretty far out but others I consider marketable and to have great potential. Being 18, I have little to no connections and no resources. I've been surfing this site pretty frequently for the last year and have finally decided to join the forum group. Anyway, here's my question... Basically, I have no idea how to get a patent together the costs and the overall process. As of now, I think I have a great idea that, as far as I know has not, ever been done before. I'm really excited about this idea. I'm a total novice at this and am willing to learn all that I can. Any information that you can provide me with would be great. Again the main things I want to know are: 1.Overall Process. 2.How Long It Takes. 3.Costs. 4.Anything That You Think I Should Know. 5.Tips/Experiences. 6.Confidentiality. 7.Must I Make A Physical Model of My Idea? Thanks guys! -Alex


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

How to develop the best lateral thinking skills

Designing Employee-Enhancing Training Programs

Top Ten Home-Based Businesses

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.