How To Pitch An Invention To A Company – Look At This..

Watch most Inventor shows on television and you will likely see people on the edge of disaster financially. You hear story after story of people that took out a second mortgage on the house, used every bit of savings they had, lived in their car and on the brink of bankruptcy. These were those that caused it to be on camera. They had thousands of entrants and just a few made it as far as being televised. Consider if even of people who auditioned and didn’t get on T.V spent just as much money as the ones you saw. Another thing you should consider is that all of those that did not get on T.V. were hoping to find someone to produce their idea and get it to advertise.

There are numerous of Inventions Ideas submission companies out there now there are even more who have popped up offering help, to get a price and feeding from everyone’s enthusiasm making it rich. Unfortunately, not all of them have the best interest at heart. A number of them are merely out to empty your banking accounts and incredibly don’t care if your item grows to market as long as your check clears the lender. You must understand irrespective of who you pick to make use of, they provide services which for every service you utilize you will need to pay a value.

In the event you visit them and say We have idea X and I wish to possess a patent search done, I would like to file for a patent; I want to get a prototype made and also have my idea brought to companies for possible licensing. They will be more than happy to do all those things… to get a fee. It is really not their job to tell you your idea stinks. They are providing the service you requested. They really want to present you with the services you said you desired… for any fee.

Think of it in this way. When a company that cuts grass as being a service was working across the street from the house and you went over to them and said “Are you able to cut my grass?” They are most likely planning to say “Yes, we can do this for X amount of money.” If you say I wish for you to slice my grass weekly whether it needs it or not. They will set you high on a schedule and trim your grass every week whether it needs it or otherwise not. Because, you are the paying customer and you also are asking them to provide you with their service. Additionally they know that in case you are going to obtain your grass cut every week whether it needs it or otherwise plus they turn you down you will just go and discover another company willing to do it each week. So, is that company a bad company for offering you what you need even when you don’t require it?

When you visit a Patent Attorney’s office and say I really want you to accomplish a patent hunt for me on my idea in case the Patent Lawyer say “Have you gone to or the patent office website yourself first to see if other things is out there?” When you visit a design firm and say “Can you build this to me out of titanium?” Do you expect them to say “What are your plans with this? Have you ever looked to find out if everything else is out there such as this?”

When you go to a manufacturer with Invent Help and say ” I really want you to help make me 5,000 of these in red and blue”. Would you expect those to say “We won’t make these to suit your needs before you can prove to us these will be marketable and you will make your money back to them?”

If that is what you expect to happen you may be severely disappointed because the probability of that happening are slim to none. Why? Because they are in operation to make money and they are selling a service and you also are asking them to carry out a service. Whether you feel it is actually morally wrong on their part to accomplish while you ask, even when they are fully aware you are wasting your money. It is not illegal so they can provide you the service. It really is your job to seek information at the start and also to be as informed as you can to make sure you are generating a sound decision.

Don’t get me wrong I feel horrible for anybody that loses their shirt and goes severely in debt, gets conned or just has bad luck using a product that a very good idea. I am trying to ensure that you know at the start what you really are getting into and make you ask the tough inquiries to determine if you want these types of services. Because I have said before I actually have several items on the market i spent lower than $100 on and never 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 could be done.

When you develop a concept that you think is great. You have to stop and accomplish this exercise prior to deciding to approach any business and request for any services. Go without your Inventors cap and place on your Consumers cap. You can’t consider your idea when your idea anymore. You have to consider it something you see on the store shelf when you go shopping and are spending Your hard earned cash to buy it. I can’t emphasize this enough. You should REALLY review your idea from your consumer’s viewpoint and get these questions.

Would I Truly buy this item if I saw it in the store?

Why would I buy it?

Would people that bought one buy another later? Can be your idea a 1-time purchase?

Is it something that more than simply your friends and relations would buy simply because they like/love you?

Which companies you think would sell this type of item?

Are there items like yours on the market? If yes, how is yours better and why would it sell a lot better than theirs? Are theirs selling at all or perhaps taking on shelf space?

Will the customer GET your product once they see it on the shelf without the main benefit of having a commercial built around it?

They are quick questions You are able to answer without paying a soul. Should you get more negative techniques to these questions than positives you have to reevaluate your idea.

As being an Inventor you have rights with regards to dealing with Inventhelp Reviews. Lots of people get ripped off because they don’t know the right questions you should ask or what the invention submission company is required by federal law to tell you prior to signing on the dotted line together. If they are unwilling to answers the questions necessary for law, that needs to be an enormous red flag to you; run and escape from them as fast as possible together with your wallet still intact. If they are legitimate they have absolutely nothing to hide and should be glad to explain to you their successes and failures. Many get their successes posted on their site for you to take a look at.

The American Inventors Protection Act of 1999 is there to your protection. Apply it. Businesses that fit into this act are required to let you know the information below BEFORE you sign an agreement transforming into a client, not AFTER you have already spent the cash!

Let me again be clear that it must be the responsibility from the Inventor to consider an organization prior to using them. As I have said there are a lot of great legitimate invention submission companies, Design companies and patent giooif out there. You need to simply be extremely careful and thorough once you pick one, decide whether you require their services and understand what you obtain for your investment. The odds are high which you might get burned if you go along with your vision closed and your wallet wide open.

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