How To Sell An Idea
Here at PatentHome, we have created a new series of videos and articles entitled, “What do you know about patents?” In the first episode of the series, we help inventors answer the question, “How do I sell my idea?”
Here are some of the steps you can take to put yourself in the best position possible to bring your idea from a thought to a product on a shelf:
- Keep the Idea SecretAside from the obvious notion that you don’t want anyone else to steal your idea, you must also be mindful that any public use, disclosure, or offer for sale of your idea starts a 1-year clock for patentability. If this time-period expires, you lose any and all patent rights in the invention.
- Document Your IdeaYou must have enough information documented that proves you actually are the inventor of your idea. A great way to document your idea is to keep an inventor’s notebook.
- Speak to a Registered Patent AttorneyMany patent attorneys, including the ones here at PatentHome, offer free consultations to inventors. A patent attorney should be able to answer all your questions, and will be able to help you decide which services would be most beneficial to you. Contact us right now with any questions!
- Market Your InventionOnce you have spoken with a patent attorney and have protected yourself, the next step is to market your invention. This can involve doing everything yourself, from manufacturing to distribution, or you can contact companies in an effort to license your invention to them in exchange for royalty payments. Either way, having your idea properly protected will put you in a position of strength when it comes to profiting from your inventions.