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Buy My Idea Product

The light bulb above your head is glowing so bright that it's threatening to blind everyone around you. But what should you do with your great invention ideas? Before you start blabbing about your invention to the wrong person or run to the first company that offers to buy it, you need to do one thing: protect it.

buy my idea product

Whether you want to produce and market your invention yourself or license it to another company, the only way to make money from your invention and to guarantee that no one will steal your idea is to file a patent with the U.S. Patent and Trademark Office. This can be an intimidating process, so we spoke to Andy Gibbs, the author of Essentials of Patents to help break it down for you in five easy steps.

Write your idea down in an inventor's journal and have it signed by a witness. This journal will become your bible throughout the patent process. An inventor's journal can by any bound notebook whose pages are numbered consecutively and can't be removed or reinserted. You can find specially designed inventor's journals at bookstores such as Nolo Press or the Book Factory, or you can save money and purchase a generic notebook. Just make sure it meets the requirements above.

A prototype is a model of your invention that puts into practice all of the things you have written in your inventor's journal. This will demonstrate the design of your invention when you present it to potential lenders and licensees. Do not file a patent before you have made a prototype. You will almost always discover a flaw in your original design or think of a new feature you would like to add. If you patent your idea before you work out these kinks, it will be too late to include them in the patent and you will risk losing the patent rights of the new design to someone else.

3. Once you're satisfied with the mockup, create a full-working model of your idea. There are many books and kits that can help you create prototypes. If your invention is something that will cost a lot of money or is unreasonable to prototype, like an oil refinery process or a new pharmaceutical drug, consider using a computer-animated virtual prototype.

Now that you have all of the kinks worked out of your design, it's finally time to file a patent. There are two main patents you will have to choose from: a utility patent (for new processes or machines) or a design patent (for manufacturing new, non-obvious ornamental designs). You can write the patent and fill out the application yourself, but do not file it yourself until you have had a skilled patent professional look it over first. If the invention is really valuable, someone will infringe on it. If you do not have a strong patent written by a patent attorney or agent, you will be pulling your hair out later when a competitor finds a loophole that allows them to copy your idea. It's best to get legal help now to avoid any legal problems in the future.

Start with a business plan. How will you make money? Where will you manufacture the product? How will you sell it? Now is a good time to decide if you will manufacture and sell the product yourself, or license it for sale through another company. When you license your product you will probably only receive two percent to five percent in royalty fees. This often scares away inventors who feel they deserve more. But consider the upside: you will not have the financial burden associated with maintaining a business. This could end up making you more money in the long run.

It's also important to remember that from the time you conceive your idea to when you see your product on the shelf can be a very long process. Most inventions take years to come to fruition. Have patience and follow due diligence in your steps to patenting your invention and your years of hard work will finally pay off.

While searching for new product ideas, make sure to look beyond the products themselves. It may sound cliche, but there is heavy competition in the most common and popular product categories.

Don't be afraid to look at smaller product categories and niches. Even though a niche is a smaller subset of a larger category with less potential customers, it makes up for that by way of less competitors and a more targeted audience. Less competition makes it easier to get to the top of Google, and it can be more cost effective and efficient to advertise to your customers.

Say, for example, you stepped in to solve the challenge of dog toys that were easily chewed and destroyed. Dog owners would become frustrated with unreliable products, and the expenses could quickly add up. The market for indestructible dog toys would be based on this one specific pain point.

A great place to start your search for product ideas is top consumer product trend publications. Following trend publications helps give a sense of the direction consumer products are going and the trending product ideas other entrepreneurs are introducing to the market.

PSFK is a business intelligence platform that inspires creative professionals as they develop new products, services, and experiences across retail, advertising, and design. It analyzes research-based consumer trends and insights that you can use as a jumping-off point and validation for ecommerce business ideas.

A great example of someone who noticed a trend from another country and brought it home is Dan Ben-Nun, creator of the product Inkkas. Inkkas are beautiful, unique shoes made of authentic South American textiles.

The idea for Inkkas came to Dan when he noticed the style of shoe trending in Peru. Determining it was a great product that would also do well in the North American market, he brought the idea home and successfully launched a Kickstarter campaign, raising over $77,000 in pre-orders.

Image curation sites can be a goldmine for product and niche ideas. Many of the images contain interesting, new, and trending businesses and consumer products. Using the built-in social signals, you can sometimes get a sense almost immediately of their popularity. This could be your first clue if there is a market for the product or niche.

Another rich source for product ideas are online consumer marketplaces. Millions of products is probably an understatement, so you may want to begin your market research with some of the popular and trending items and branch out into other interesting categories that catch your eye from there:

Hashtag. If you have a particular interest in a product category or industry, you can try searching for applicable hashtags. Another great option is to do a search on social media for hashtags that indicate buyer interest and intent, like #want and #buy.

Audience insights. If you already have a business page on one or more social media platforms, you may be able to use your audience data to find ecommerce business ideas. Understand which pages, hobbies, interests, and other characteristics they have in common, and brainstorm products based on those insights.

Especially ideal for a younger demographic, Snapchat admittedly has more limited capabilities in terms of identifying trends. Use the Discover option to find out what the Snapchat community is talking about and follow influencers in your niche to gain more insight into their needs and motivations.

Google Keyword Planner. Keyword Planner will help you find average search volume and related keywords to your chosen phrases. You can also look at Google Ads competition to gauge whether someone else is bidding on your targeted phrases for your ecommerce business idea.

Learn from the successes of your competitors and popular businesses in your chosen industry. Which products have they launched with the most success? Why were they so successful? Sometimes, brands will share the why and how behind new products.

Surveys are one of the best ways to get qualitative and quantitative insights into an audience. Craft questions about the problems and challenges they face, which products they love most and why, and what they wish they had to enhance their everyday life.

One way to learn is from the past. Through examining history and old trends, you can come up with a list of revived product ideas to sell. This is one tactic that Dogfish Head Craft Brewery used when it came up with its product series of Ancient Ales, which uses old-school brewing techniques.

Use the above list to add these products to your store through a dropshipper like DSers. Or you can innovate on these products and create a version special to your brand mission, audience needs, and competitive landscape.

Companies are constantly looking for the next big idea that will revitalize or completely transform the current consumer market. Often, these ideas come from independent inventors or creators. However, if you have a new idea that you feel has the potential to be successful, you might have considered selling this innovative idea to a developer or manufacturer.

Idea Buyer is a product development company that will help you bring your idea to the market. Idea Buyer accepts product ideas in any category. If they feel the idea has potential, they will assist you in developing the concept and presenting it to producers and possible partner stores.

Avery has recently teamed up with Evergreen Innovation Partners to make it easier for inventors to present their product ideas to the company. Avery specializes in the production of office supplies, so if you have an idea in this area, this could be an excellent place to submit it for consideration.

High-quality fitness equipment is the focus of Nautilus. They operate worldwide, so if they pick up your idea, a global market may have access to your product. Submit your ideas through the Nautilus website.

Fila receive a vast number of new product ideas and designs every day. However, many of these go unchecked or unused. Fila states explicitly on its website that they only consider patented ideas. They do this to prevent any confusion around compensation, and it also serves to protect the creator further. If you have a patented idea, you can send this to Fila via mail. 041b061a72


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