What are the steps to inventing a product?

The invention process can vary from invention to invention, but the typical invention process involves the following steps: (1) documentation, (2) confidentiality, (3) patent search, (4) patent application and (5) selling or licensing.

How do I sell my invention idea?

You can sell your invention idea, or you can outright sell the invention itself for one large lump sum as compensation for your idea. The second option is to enter a licensing agreement. You would collect royalties each time your product is sold.

How do I start inventing?

Here’s what the guide includes:

1. Step 1: Believe in yourself.
2. Step 2: Find a problem worth solving.
3. Step 3: Do basic market research (before investing money)
4. Step 4: Build a prototype and test your idea (in real life)
5. Step 5: Protect your idea.
6. Step 6: Manufacture or license your idea.
7. Resources for inventors.

How do I start my invention?

How to Turn Your Invention Idea Into a Product

1. Step 1: Document and Record Your Invention Ideas.
2. Step 2: Make Sure Your Invention is Not Already Patented.
3. Step 3: Do Some Research to Make Sure Your Idea Has a Market.
4. Step 4: Make a Prototype (i.e., prove your idea can work in real life)
5. Step 5: File a Patent.

What are the 12 steps of invention in business?

The 12 steps of invention was written to give you the real steps that I use as an inventor to bring my products to market and make money. Find a niche market. Look for voids in available products. Define mid-priced products. Come up with invention ideas. Do your patent and design research. Sketch your product ideas.

How do I Sell my invention to a company?

Advertise your invention. You’ve gotten everything down; your patent, your prototype, a manufacturer, and finally your invention has been mass-produced. Find ways to advertise it to get the maximum selling potential. Meet with local business owners and store managers to discuss selling your product with them.

What is the best way to invent a product?

The best way to invent a product is to brainstorm any problems you have in your daily life. Think about improvements that would make your life better, and then do research to confirm these products don’t already exist. Apply for a patent to protect your invention, and then develop a working prototype that you can present to prospective investors.

Can You Turn your invention into a marketable product?

If you can’t identify the need for your invention, you’re not going to be able to turn your invention into a marketable product. When you hear “product,” don’t assume that it means concrete physical object. Websites, apps, and services all qualify as products!