Are you wondering what you need to be a successful inventor? You will find tips below to help you.
Most inventions are improvements and/or solutions that have been made to known devices. An inventor who focuses on improvements can be quite successful. A well known inventor, Thomas Edison, rarely came up with pioneering inventions. He usually just took something someone had already come up with and made it much better. For commercial success, by focusing on improvements you already know a market for the underlying product already exists and this is one of the largest hurdles for you to overcome. If you are inventing something that is the first of its kind, you will need to spend time and financial resources to educate the public so that they know why they might need this product or invention that never existed. Knowing that creating a market is not easy, many successful inventors tend to stick to improvements.
You should also just keep layering on specifics to your invention. This will even make the most critical patent examiner say that you have a non-obvious invention, which you want. It is also very critical that a patent search is done. It is important to have some sense of what is already out there before you start investing money to move forward with patent applications, prototypes, manufacturing and models.
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It is also very important for you to be honest with yourself. Is your improvement better from other improvements or solutions? Since you will have many expenses, your invention should be great enough to buy and great enough to pay a premium for. This premium is what will help compensate you for the expenditures of the patent.
Would you pay good money for your invention? Of course you would, but would others pay good money for it? Be honest with yourself when you are thinking about this. Just remember, you are about to or already have spent a great amount of money and if you are wrong, you will not be getting your money back. Also, if you are a creative inventor, this means you will have other inventions and pursuing an invention that has no marketability means fewer resources for your next invention.
When pursuing a patent, it is always good to talk to a lawyer about the best approach.