Saturday, July 31, 2010
Register
  
Minimize

The Secrets of
Successful Inventors


"5 Things Successful Inventors Do Before Spending Much Time or Any Money Developing Their New Idea"

 View_Blog
Minimize
Oct 5

Written by: John.Hobbs
10/5/2009 8:16 PM

Before moving forward to quickly without giving your new concept any real deep thought I encourage you to do the following step. Do this before you waste your hard earned money because you end up being one 99.9% of inventions that do not make a profit.

 

The following is only the start of the process to become profitable while also wasting less time and money.

 

     

    • Write down every feature & benefit of your invention and make some drawings so you start developing clarity about your idea.

     

     

    • Complete initial search at

  1. www.uspto.gov, although get a Patent Attorney to file your patent later...
  2.  

     

  3. Research the Target Market and Competition you can find information at you local library just ask the clerk were to find the information on your market and competition and they will show you were it is.
  4.  

     

  5. Develop a business plan, which include use of proceeds, which allows you to start to think about some of the cost involved. The first plan will be less detailed than the next one you develop but it’s essential to your success.
  6.  

     

  7. Start a business. This should be your first expense and would be wise to have an accountant help choose which type of entity is best suited for your venture while also having them set it up the books. This will save many hours of confusion and help you stay organized from the start.
  8.  

 

I will be sharing more steps in the invention process so please visit frequently. Of course The Secrets of Successful Inventors does go into much more detail making each step easier to complete. Buy your copy now so you know what to do and when to do it while taking year out of the invention process and saving tens of thousands of dollars.

 

Tags:

Your name:
Title:
Comment:
Add Comment    Cancel  
 Blog_List
Minimize
 New_Blog
Minimize
You must be logged in and have permission to create or edit a blog.
 Search_Blog
Minimize
 Blog_Archive
Minimize