Business ideas

Easy How-To Steps From Idea To Marketplace

So you've got an idea. Join the mysterious world of idea makers, dreamers and wishful thinkers because that's where you are. You are in the twilight zone, a place where ideas never take shape, a place where sweeping changes never sees daylight because they are swept under the proverbial carpet where they lie waiting for an achiever to bring them to life.   

Is your idea marketable?
A simple fact of life is, the most brilliant of ideas are nothing more than just that, ideas, until someone with vision turns them into marketable products. Let's face it, the world is full of products that never get to first base, but those products that do make it to the marketplace can make their creator very rich. With the right idea you can change people's lives for the better. Look at Bill Gates, his vision changed the way the world communicates.  Thomas Alva Edison brought the country electricity and started an started the industrial revolution. Robert Abplanalp turned the aerosol can into a household fixture.  Robert Adler is credited as co-inventor of the television remote control with fellow engineer Eugene Polley. These and many other industrious inventors were instrumental in how we live today.

Put your idea to the test.
Having a great idea may be brilliant to you but it is worthless without proper documentation that testifies as to when you came up with the idea for your discovery. You must keep an inventor's journal, dated and signed by a witness, where you have written everything that relates to your invention; from first conception and probabilities  to a well thought out marketing strategy. This will assure all segments and descriptions are well defined throughout the research and development process as will as presentation for patent. . 

Get a Patent.
It doesn't make any difference if you want to manufacture and market your creation or sell licensing rights to someone else, you must first protect your idea by filing a patent with the U.S. Patent and Trademark office. By doing this you are guaranteed no one will steal your creation because all rights to it are exclusively yours.

Do a Patent search.
Before you spend a lot of time and money building a prototype of your product, it is imperative you make a search to see if it already exist. Do a patent search at http://www.uspto.gov/  to make sure no one holds a patent for the product.

Is there a need for your product?
You should also check to see if there is a need for your product, is it marketable? Define your target market and do some research to see if people will actually buy it. Once you have defined your market, be sure it is cost effective to be manufactured and distributed. Be sure your unit price is within fair market value limits by comparing your prices with similar products already on the market

Make a Prototype.
Once you have determined that your product is marketable, you will need to make or contract someone to make a prototype. A prototype is simply a working model of your Inventor's Journal account. This is necessary to present to the Patent Office along with any and all documentation. It also serves as a sales tool to present to potential manufacturers as well as distributors and licensees.

Applying for a patent is easy.
Applying for patent is relative simple by going on line at http://www.uspto.gov/  and doing a product search as well as filling out the application where you will find plenty of help and guidance for doing the entire process. 

Happy Trails

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Article Source: ArticlesBase.com - Got an Idea, What Do You Do Next?