What Am I Doing?
Have you ever had that sinking feeling that you may be venturing out into shark infested waters? Well not necessarily literally, but in terms of that sink or swim mentality of taking on a task that is above your skill set. Certainly filing for a patent can be done by anyone. It does not mean that it should be attempted by anyone, nor does it mean that you are not as smart as the others that have attempted and succeeded in the past. It just means that your skills may be in one area and not in another. You would not expect a heart surgeon to do your brain surgery would you? Both of them are equally as smart but at different tasks. The same goes for your patent filing. If you feel that you are not ready to do the application on your own, you should consider some help. It does not have to be from a more costly attorney, but it can be from some friends or family. Starting there first may save you some money. At the same time you want to make sure that you do it the right way the first time though. So, do your research, try if you want, but if you do not feel you can, then get some help. It may be well worth it in the long run.
Patent Application: Timing
If you are in a hurry to get your patent application approved, well sit back and relax, because as of right now it can take nearly 3 years to approve it. That is right, 3 years. That is why so many products make it to market with the words patent pending on them. Companies have no desire to wait until the patent they are trying for is or is not approved. The US Patent Office though is hoping to institute a new system that will allow certain applicants a quicker review of what they submit. Of course they will have to pay more, though how much nobody has said. Companies that are going after green energy patents or something of that nature are being targeted for faster approvals. So as it looks now, not everyone will be able to get their patent in quicker. Most of us as it stands will have to wait the 3 years. So do not be discouraged, you are not the only one that has to wait. But keep posted on any new news coming out of the US Patent Office, it may bode well in the end for everyone.
Patent Partners
Have you ever thought of becoming partners with someone and filing a patent together? This can be a great idea, and for some a not so great idea. The good part of it can be in splitting costs. The costs of filing a patent and getting your product to that point can end up pretty high depending on a few factors. For example, hiring an attorney can cost you quite a bit of money. Also, if you end up having to file more than once, this can cost you. Getting your product ready to be patent worthy can cost as well.
The bad idea of having a partner can be disagreements on how to proceed once you get the patent. It can cost you much more money to produce and market the product. If you do decide a partnership is best for you, then you may consider making sure you both are on the same page with how you will proceed. This can end up saving you tons of headaches as you move forward. So no matter what, tread carefully. Examine as much of the process and your potential needs before you sign an agreement to partner with someone.
Rushing In
In life we all tend to have moments in our lives when we rush head first into something without really looking around first to see what is going on. Inventions can be one of those areas that can be a trap for some of us. Let’s say you end up with a great idea, and are able to turn it into an invention. You think now that this idea is so amazing that you rush out and hire someone to get it patented for you. So what is wrong with doing that? Well, for some maybe nothing at all. For others it can cost them thousands of dollars and they may not get the patent they wanted. Also, did you bother to see if someone had already filed for a similar idea? Always search ideas/patents first if you can to make sure what you think you have invented is not already out there. You also must decide how you will market your idea once it is patented. This can be difficult and very costly. So try and slow down if you can. Make a list of things you need to do prior to and after you file for a patent. It could really save you in the long run.
Emotional Attachment
Sometimes when you’re inventing you can let your emotions get the best of you. Basically what this means is that you have seen an idea and you like it but want to improve on it. In a sense, you are reinventing something that really already exists. You may in fact run into some issues if you try and do this without the original owner’s permission, especially if there is a patent on it. Maybe your new idea for an old product is great. Maybe it will revolutionize something that already does exist. You do need to really be careful when approaching a situation like this though. Also try to stay unbiased and willing to let it go if it is just an emotional attachment to an idea. There’s always a new idea just around the corner.
Too Many Patents?
So what happens after you get your first patent? Well for some very avid inventors they decide to go for more. So how can obtaining more patents on ideas and inventions be a good thing? Some people get patents to protect inventions that they have to make sure that nobody else can take the brilliant idea that they have had. Many people obviously do it with the intention of making money. Certain ideas if they are good and big enough can really end up making money depending on of course how the entire situation is handled. Just because you end up with patent does not mean you just start making money. Usually it means you have to manufacture the goods then market them.
But when is enough, enough? That really all depends on each person. One factor may be that your patents just sit there once they are obtained. Remember for most the reason they want the patent is to eventually make money off their idea. It can also be daunting to end up with several patents, then having to market them all at the same time. This can really end up a high cost venture in the end.
Patents: Are They Worth It?
Once you have an idea or an invention in your head, you then have to decide how far you are willing to take it. Lots of people end up with patents and never end up even coming close to putting their item to market.
So what would happen if you did not get a patent? Well for one thing might be, once your idea hits the market, say you set up a website and sold your product there only. Someone could come along and try to take the idea. Not all ideas though are worthy of getting a patent, however. Let’s say you make handmade soaps. To you they are unique, but for the most part people out there everywhere make their own soaps and sell them to local shops or in small stores online. Your soap idea is more than likely not an idea worth getting a patent over, even if is more unique than the others.
When you do have an idea like no other on the market today though, then that is worth considering a patent for. This type of product then has the chance to become pretty big if it were to take off. At this point a patent would be a good idea. This will secure your invention for years to come.
Think through your idea, do some research and decide for yourself whether or not you want to get a patent for it.