Archive for May, 2010

 

Setting A Budget

When you invent, you know that sometimes costs can hit you out of nowhere. Setting a budget no matter what you venture into can be a really great idea. Setting a budget will help you to keep your costs at a minimum by helping you stick to your original plan and not wavering. It can also help you to make more cost effective choices when you must decide whether or not to buy a more expensive item or a less expensive one.

Realistically, when inventing it can be tough to keep to the budget you set. But if you at least try you may end up being surprised at how much it can help you to not overspend.

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You Have A Patent, Now What?

Wow, so you finally got your patent on your idea. This is an amazing feat. Some people try and try and never get one. So what do you do next? Well, that is really up to you, truthfully. Some ideas might be that you could do nothing and sit on the idea for some time. You could have it manufactured, marketed and try to sell it. You can also try and sell you patented idea to someone as well.

There are so many options and the bottom line it is up to you. One thing is for sure is that you have certainly cleared a major hurdle in getting the patent, way to go.

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Patent Issues…

Every part of the patent process can be tough. First of all, let’s take the idea process. Getting your idea to paper ready for some sort of manufacturing can be difficult. You may have to draw it tons of times, and through much trial and error build some sort of a prototype to make sure that what you think will work does. Sometimes these ideas, when we try and turn them into a viable prototype, can be costly as well. Prototype parts manufactured by companies can cost a pretty penny. Dies and molds may sometimes have to be specially built in order to produce the product.

The next part, the prototype portion can be even tougher than the first. It can take plenty of tries to get what you envision just right. Even then you may not end up with a perfectly working product. You may have to find some professional help.

Then filing for the patent is not easy at times either. You have to really word things just right in order to get you application approved. This can take some time and money if you look for professional help.

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Working With Others – Part 1

Let’s just say that you are going for a patent on an idea you have. But you have decided for one reason or another that you will work as partners with one or more persons. This can be really difficult if you have not been down this path before. Here could be some helpful hints to the otherwise newbie here.

One thing to do is define roles. Some roles may be bigger than others. That should be fine as we all have our strengths and weaknesses. Then try and consider getting a leader on the project. No, it does not have to be a dictatorship, but just someone who will keep more track of the progress than anyone else.

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What is the Cost?

What in the world does it cost to file a patent? Well for starters, it will cost a few hundred dollars to apply. You will want to check this out at the US Patent office, it may change each year. But what about the hidden costs of filing for a patent? It can cost quite a bit, for example, to hire an attorney that specializes in patent laws to help you out. These costs can vary depending on how much you use their services or not. It can also cost to invent what it is you are trying to get a patent for. For example, you may want to make sure what you are inventing works prior to filing a patent for it. If you do this, then the cost can really go up fabricating what it is you want. Now manufacturing it once you have your patent will not cost nearly as much as the first run. Tools, dies and so forth may have to be specially made for you to make your product. So do you have an idea worth getting a patent for? If so, then you need to weigh all of the costs of trying to bring it to market. If you do not, you may end up with sticker shock on the actual cost of patenting your idea.

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The Old Pen And Paper

There are so many amazing tools out there that can help an inventor to produce his idea into a viable working product. You have PC scanners, Auto CAD, Corel Draw and other amazing tools to help you design your product and to help keep track of changes. But what did people do back in the dark ages before PC’s? They probably used to use a pen and pieces of paper. That’s right; remember when you used to actually right down what it was you were doing on paper? No, it is not the same as penning it down into your Palm device; we are actually talking about pen and paper.

It can be great to use for scratching down your ideas and jotting down notes for later use. Go ahead, if it has been awhile for you, try it!

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Having Something Built

Sure you may be a great inventor, but you are not a mastermind at everything. At some point in your process of inventing something, you may get to the place where you need help having a part or parts made. These are usually called prototypes. Prototypes are parts that basically are first production sets. They may be a bit crude looking but essentially will still fit into place and do the job for testing purposes.

You may need a plastics extrusion facility to do some work, or perhaps a sheet metal shop to press something out for you. Either way, this may be a necessary part of your invention. Keep in mind that sometimes it is hard for you to do everything yourself.

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