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 house, used every bit of savings they had, were living in their car and on the brink of bankruptcy. These were the ones that made it on camera. They had a large number 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 as much money as the ones you saw. The other thing you need to consider is that all of those that did not get on T.V. were seeking someone to produce their idea and get it to market.
There are a variety of New Inventions submission companies available and now there are even more which have popped up offering help, for a price and feeding from everyone’s enthusiasm to really make it rich. Unfortunately, not every one of them have your best interest at heart. Some of them are merely to empty your banking accounts and extremely don’t care should your item gets to market so long as your check clears the bank. You must understand irrespective of the person you pick to use, they provide a service and that for every service you utilize you will need to pay a price.
If you come to them and say We have idea X and I want to possess a patent search done, I want to file for a patent; I wish to obtain a prototype made and possess my idea sent to companies for possible licensing. They are delighted to accomplish all of the things… for a fee. It is really not their job to tell you your idea stinks. These are supplying the service you requested. They really want to provide you with the services you said you wanted… for any fee.
Think about it by doing this. In case a company that cuts grass as being a service was working down the street out of your house and also you went over to them and said “Could you cut my grass?” They are most likely planning to say “Yes, we are able to do this for X sum of money.” If you say I really want you to slice my grass every week whether it needs it or otherwise. They will likely set you on a schedule and trim your grass every week whether it needs it or not. Because, you happen to be paying customer and you also are asking them to present you with their service. In addition they understand that if you are determined to get the grass cut weekly whether or not it needs it or not and they also turn you down you are going to go and find another company willing to do it each week. So, is the fact that company a bad company for providing you with what you want even though you may don’t want it?
When you go to a Patent Attorney’s office and say I want you to accomplish a patent look for me on my idea if the Patent Lawyer say “Perhaps you have gone to Google.com/patent or even the patent office website yourself first to find out if anything else is out there?” When you go to a design firm and say “Can you build this for me away from titanium?” Would you expect them to say “What are your plans for this particular? Have you looked to determine if everything else is out there similar to this?”
When you visit a manufacturer with Inventions Ideas and say ” I really want you to help make me 5,000 of those in red and blue”. Can you expect those to say “We won’t make these for you up until you can prove to us that these particular is going to be marketable and you will make your money back on them?”
If it is exactly what you anticipate to occur you may be severely disappointed because the likelihood of that happening are slim to none. Why? Since they are running a business to make money and they are selling you with a service and you also are asking them to perform a service. Whether you really feel it is morally wrong on their own part to perform as you ask, even when they understand you are squandering your money. It is not illegal so they can provide you the service. It is your task to do your research at the start and to be as informed as is possible to make sure you are generating a solid decision.
Don’t misunderstand me I feel horrible for anybody that loses their shirt and goes severely in debt, gets ripped off or simply has bad luck having a product that is advisable. I am trying to successfully know at the start what you are entering into and make you ask the hard questions to determine should you need these facilities. As I have said before I actually have several items on the market that I spent lower than $100 on and do not set foot in a patent lawyer’s office, or hired a design firm, or contacted a manufacturer to build me X level of prototypes. So, it can be done.
When you think of an understanding that you think is wonderful. You need to stop and do that exercise before you decide to approach any company and request any services. Go without your Inventors cap and place on your Consumers cap. You can’t think of your idea as the idea anymore. You must consider it something the thing is on the store shelf when you go shopping and they are spending Your cash to get it. I can’t emphasize this enough. You have to REALLY review your idea from your consumer’s perspective and ask these questions.
Would I Truly buy this item basically if i saw it inside the store?
Why would I purchase it?
Would people who bought one buy another later? Can be your idea a one-time purchase?
Is this something that not only your family and friends would buy since they like/adore you?
Which companies do you reckon would sell this sort of item?
What are the things like yours on the market? If yes, how is yours better and why would it sell better than theirs? Are theirs selling whatsoever or simply trying out shelf space?
Will the customer GET your product whenever they look at it on the shelf without the benefit of having a commercial built around it?
These are simple questions You are able to answer without having to pay a soul. If you get more negative answers to these questions than positives you have to reevaluate your idea.
As an Inventor you do have rights in terms of working with Inventhelp Success Stories. Many individuals get scammed simply because they don’t be aware of right questions you should ask or what the invention submission clients are required by federal law to inform you prior to signing on the dotted line with them. If they are unwilling to answers the questions required by law, that needs to be an enormous red flag to you; run and get away from them as soon as possible together with your wallet still intact. If they are legitimate they have absolutely nothing to hide and must be happy to show you their successes and failures. Many have their successes posted on their website for you to have a look at.
The American Inventors Protection Act of 1999 can there be for your protection. Utilize it. Companies that fit into this act must tell you the details below Before signing a legal contract transforming into a client, not AFTER you have already spent the amount of money!
Let me again be clear that it must be the obligation from the Inventor to consider a business before you use them. As I have said there are tons of excellent legitimate invention submission companies, Design companies and patent giooif on the market. You need to simply be extremely careful and thorough when you select one, decide whether you need their services and know what you receive for your investment. The odds are high which you may get burned should you just go together with your eyes closed as well as your wallet wide open.