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 individuals that took out a second mortgage on the house, used every bit of savings they had, were living within their car and on the brink of bankruptcy. These were the ones that caused it to be on camera. They had a large number of entrants and only a few made it as far as being televised. Consider if even of the people 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 looking for someone to produce their idea and get it to advertise.
There are a variety of Inventions Ideas submission companies on the market now there are also more which have sprung up offering help, for any price and feeding away from everyone’s enthusiasm to make it rich. Unfortunately, not all of them have the best interest at heart. Many of them are only in the market to empty your banking accounts and incredibly don’t care in case your item grows to market as long as your check clears the financial institution. You must understand no matter the person you pick to make use of, they offer a service and this for each service you use you should pay a price.
Should you visit them and say I actually have idea X and I would like to possess a patent search done, I want to apply for a patent; I want to obtain a prototype made and have my idea brought to companies for possible licensing. They will be delighted to accomplish all of the things… for a fee. It is not their job to share with you your idea stinks. They may be offering the service you requested. They desire to present you with the help you said you wanted… to get a fee.
Consider it in this way. In case a company that cuts grass as a service was working down the street out of your house and also you went up to them and said “Could you cut my grass?” They are most likely going to say “Yes, we could do that for X amount of money.” In the event you say I really want you to cut my grass weekly whether or not this needs it or otherwise. They are going to set you high on a schedule and trim your grass each week whether it needs it or otherwise not. Because, you are the paying customer and also you are asking them to present you with their service. They also understand that in case you are determined to get your grass cut each week whether or not this needs it or otherwise not plus they turn you down you are going to go and locate another company willing to get it done each week. So, is that company an unsatisfactory company for giving you what you would like even though you may don’t want it?
When you go to a Patent Attorney’s office and say I really want you to accomplish a patent search for me on my own idea in case the Patent Lawyer say “Have you ever gone to Google.com/patent or the patent office website yourself first to see if anything else has gone out there?” When you go to a design firm and say “Can you build this to me from titanium?” Would you expect these to say “What are your plans with this? Have you looked to determine if anything else has gone out there such as this?”
When you visit a manufacturer with Inventhelp Intromark and say ” I wish for you to make me 5,000 of such in red and blue”. Would you expect them to say “We won’t make these for you personally up until you can convince us that these particular will be marketable and you may make a refund to them?”
If that is what you anticipate to take place you will end up severely disappointed because the chances of that happening are slim to none. Why? Since they are in operation to earn money and they are generally selling you a service and also you are asking them to do a service. Whether you feel it really is morally wrong on the part to do as you ask, even when they are fully aware you might be wasting your money. It is really not illegal to allow them to offer you the service. It really is your job to do your homework in advance and to be as informed as you can to make sure you are making a solid decision.
Don’t misunderstand me I feel horrible for everyone that loses their shirt and goes severely in debt, gets conned or perhaps has bad luck with a product which a very good idea. I am trying to ensure that you know up front what you really are getting into and make you ask the difficult questions to determine should you need these types of services. When 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 construct me X amount of prototypes. So, it may be done.
Once you come up with an idea that you think is excellent. You should stop and do this exercise before you approach any organization and request for any services. Take off your Inventors cap and put on your own Consumers cap. You can’t consider your idea when your idea anymore. You need to think of it as something the truth is on the store shelf when you are shopping and they are spending Your hard earned cash to purchase it. I can’t emphasize this enough. You need to REALLY look at your idea from the consumer’s point of view and ask these questions.
Would I REALLY buy this item should i saw it within the store?
Why would I purchase it?
Would individuals who bought one buy another later? Is the idea a 1-time purchase?
Is it something that not only your friends and relations would buy because they like/adore you?
Which companies do you reckon would sell this kind of item?
Are there stuff like yours on the market? If yes, how is yours better and why would it sell much better than theirs? Are theirs selling whatsoever or just taking up shelf space?
Will the consumer GET your product when they look at it on the shelf without the advantage of using a commercial built around it?
These are generally simple questions It is possible 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 being an Inventor you actually have rights with regards to dealing with Inventhelp Locations. Lots of people get ripped off because they don’t be aware of right things to ask or exactly what the invention submission company is essental to federal law to inform you before you sign on the dotted line along with them. If they are unwilling to answers the questions necessary for law, that ought to be a huge warning sign to you personally; run and move away from them as soon as possible with your wallet still intact. When they are legitimate they have absolutely nothing to hide and really should be happy to show you their successes and failures. Many have their successes posted on their site that you should take a look at.
The American Inventors Protection Act of 1999 is there for the protection. Apply it. Businesses that fall under this act must tell you the information below Prior to signing an agreement being a client, not Once you have already spent the amount of money!
Permit me to again be clear that it must be the responsibility from the Inventor to look at an organization before you use them. Because I have said there are plenty of good legitimate invention submission companies, Design companies and patent giooif available. You simply need to be cautious and thorough once you choose one, decide whether you require their services and know what you receive for your investment. Chances are high that you might get burned if you go together with your eyes closed and your wallet wide open.