If you have an idea for a new product, research the companies in the industry. Once you have a list of about 50 companies, prioritize them based on whether they would be a good fit for your product. Many inventors sell their ideas to larger companies for profit. Others choose to patent their inventions and earn a more stable income stream. However, you should not go through the patent process without consulting with a patent attorney. It can be a complex process and can cost you thousands of dollars in legal fees.

InventHelp

InventHelp is an innovative company dedicated to helping creative minds bring their ideas to the world. While the company name may not be very familiar to the general public, its CEO, Robert Susa, is a lifelong inventor and knows how hard it is to bring your idea to fruition. As such, he founded Invent Help to help other inventors bring their concepts to life and reach the world market. The key to a successful invention is to have a unique edge or solution to a common problem.

InventHelp works with inventors to develop their inventions and protect them. Their professionals will review your invention with a fresh set of eyes and help you ensure that it meets with the needs of the market. There are already too many similar products and ideas in the market, so it is important that your idea stands out among the crowd.

Inventor

There are a few things you need to know before you implement an Inventor idea. First, you need to understand the type of feedback you can get. The feedback can either be positive or negative. Whether you receive feedback positively or negatively, you should use it to improve your idea. When you're collaborating with someone to develop your idea, sign a Non-Disclosure Agreement to protect your idea.

Next, you'll need to conceptualize your idea. This step involves brainstorming different ways to solve the problem. Once you've come up with a few different ideas, you'll need to work out which ones will be most useful to your target market. Ideally, you'll want to create as many versions of your idea as possible to make sure you can make it work.

Market research

Conducting market research on a potential invention idea can help you determine whether the idea has potential to become a successful business. Market research can also help you understand the competitive environment, as well as identify key competitors. Moreover, it can help you better assess your invention's novelty and patentability. Here are some ways to do market research to find a patentable invention:

First, determine the target audience for the product. Most inventors start out with a basic idea about the target market they want to target. For example, if your invention involves creating a video game, you are likely to target a young market. In contrast, a tool belt is more likely to appeal to an adult market. By conducting market research, you can identify hidden niches and target a more specific demographic.

Inventor conventions

Inventor conventions are a great way to network with fellow inventors and potential funders. They can help you shape your marketing strategy and attract investors. Listed below are a few reasons to attend one. You can also find an event near you to participate in. The registration fee for an inventor convention is $300.

Attending an Invention Convention is a great way to learn about the invention process and develop problem-solving skills. It also provides opportunities to develop knowledge in math, science, and social studies. The curriculum will cover a wide variety of topics, including properties of matter, geometry, and science and society.

Getting feedback on an idea

When you're inventing something new, you may want to get some feedback from other people. As an inventor, you may assume that you know what people want, but it's best to seek unbiased feedback from others before implementing your idea. This will help you avoid wasting thousands of dollars on a bad idea. Invent Help has a number of services to help you get feedback on your product ideas.