Archive for October, 2009

 

Inventions And Our Economy

Inventions are a fuel for our economy. Imagine where our country would be if people in the past sat around and just dealt with what was given to them. Meaning, how would this nation have grown without those people inventing new and better things all the time. As things were invented, they allowed for people to do their work better and smarter. It also provided those inventions to be exported and sold to other countries.

These inventions are truly a fuel for our economy. With the constancy of inventions, we can further progress the nation and keep up with other competing countries and businesses.

These inventions can bring us jobs. With the unemployment rates really jumping, the more items invented means the more items will need to be manufactured, which then ends up creating lots more jobs. Imagine how many people out there work for a company that deals with a patented product, working on a product line that someone invented.

So keep those inventions coming. It is amazing what we can do if we just put our minds to it. You invention could end up creating jobs and a living for someone out there needing work. You will never know unless you consider trying.

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Who Is Suing Who

In this article it shows us yet another example of a company suing another over a patent. Looking at the news on Google, this seems to happen a lot. What is going on? Well within certain industries there is tons of competition. You know how it is; for example a company comes out with a cell phone that takes pictures, soon after every other company has one. Companies on the top are always filing patents on their new technologies. Once the patents have been filed companies competing with them I guess should make sure that they are not violating the patent.

Well maybe they check closely, maybe they don’t, but once a product hits the market that appears to be like another company’s patent/product, then it makes sense that the company will go to work to get justice.

So what does this mean for the consumer? Well, I can say it does not lower prices on products. Think about it, if these companies are in court constantly suing each other, what do you think will happen?

But what can we do? Well nothing as far as I know. We want the new products, the companies have them, and so off we are to buy them. It would be nice though if they could all get along, it would surely save us money.

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A Patent Search

So I did a test on a patent search, an idea I had, but never really had time to try out. So I figured what a great time to check out the US Patent website. The first thing I did was checked out the internet for my idea.

I went to Google, I typed in several keyword search combos of my idea to see if there were any similar ideas out there like it. I did find some gadgets that did what mine would do essentially, but theirs hade to be replaced every week or so. The point to mine is no replacing, only add a solution you can do from home and that is it. Plus I noticed some of these gadgets had no patent.

Last I went to the US Patent website, and then did my search which is free. I typed in the keywords that made sense and found a device that was no where near the same as mine.

So this search turned out well for me.

You may want to make sure you do a thorough search when looking for similar products already on the market that may match yours. No matter what, try and have fun…

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Another Idea

If you’re like a lot of people out there, you have probably come up with an idea or two for a product. I know I certainly have. Here are some suggested ways to handle things if you have a great idea and want to act on it.

First, you may want to do nothing at all. I did not. I have too much on my plate now as it is. Anything else would stress me out. If you do want to move forward though, a good start may be to search the internet or patent search system for possible matches. You never know, someone else may have had the idea already.

If you think the idea is fresh or new, then consider if you want to go to the expense of getting a patent, prototypes done, a proper design layout done, etc. There are so many aspects or details that you will get involved with in actually bringing a product to market. You will even have to consider if you want to pay to have the product manufactured yourself?

No matter what, do your research, think heavily on it and seek out advice if you feel you need it. Most importantly, if you can, try to have fun with it.

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Losing Patent Protection

A patent will not last forever. Once a patent expires you stand to lose that protection. A typical patent will last anywhere from 14 to 20 years from the filing date depending on the type of patent you filed. The time limit is good though, it helps keep the patent system open to new businesses looking to file or get patents on similar products and designs held by other companies.

The 14 to 20 years is a nice amount of time for a business to get the patent, and get the product to market. Once your product in on the market, you have plenty of time to brand your product and grab a major foothold in the market segment in which your product falls.

Once you lose protection though, you still may have the right to re-file, make modifications to the original, etc. Also depending on your product, there will more than likely be very few people looking to take your design and copy it. This is usually a much bigger problem that larger corporations have to deal with. Always check the US patent website for details.

Here is an article mentioning the expiration of a company’s patent and how it may or may not affect their financials.

No matter what, keep those ideas and inventions coming…

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Calling All Inventors!

Inventions of all shapes and sizes fuel our economy daily. From pencil sharpeners to new styles of jet engines, these inventions can mean job and income for the great people of our country.

Without good inventions coming through the system, our economy could suffer greatly and as a world leader our position could slide.

Don’t sit around if you have an idea you think could make a great product. Perhaps you’re an expert in an area, let’s say in the lawn care business you know that cutting fuel and oil consumption would save you tons of money. The problem is that electrical powered equipment usually is not as strong or durable. What an opportunity to put your expertise to the test and help that industry move into a more eco friendly way of doing business.

Inventors do not have to be big business men or people with extremely high IQ’s. They can be and sometimes are the average worker or the much needed stay at home mom. The thing you have to ask your self is, do you have what it takes to take your idea to the next level. If you need help, go in with a family member or your spouse.

Either way don’t give up on your ideas America, your country needs them!

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The Idea

Now you have an idea for a great product. An idea though without action is nothing more than just that. If you want to realize that idea, it is going to take a ton of work. But that work can also be fun and rewarding. So give it a try, you have little to lose and much to gain.

So where do you start? Well here are some suggestions, and these are just that, suggestions.

You will first want to start by writing down your idea on paper, getting as much detail down as possible. Then start some research. Search Google for products that may be like yours. Just type in the description of your product to see what’s out there. If you find nothing, then great, you can move on to the next step. That would be to do a patent search to make sure someone has not filed a patent on your idea. If you do not see anything like it, then that is great.

Next you will want to file your patent if you’re ready to move forward. Then you can go out and look for manufacturers to get a prototype. Now keep in mind, let’s say you will end up selling your item for $10, the prototype will cost lots more. Molds may have to be designed or tools made to make it. From there you possibly need help marketing your idea. And do not forget to get a website; it is a must for doing business today.

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