Overcome the Obstacles
for your new Invention Idea
In
addition to setting aside your false beliefs, taking action
involves shifting your approach for your invention to challenges that
develop along the way. As an
inventor, you're an
entrepreneur who already thinks
creatively. That creativity will benefit you throughout the
inventing process. We encourage
you to tap into those creative thinking abilities as you proceed
through the
inventing process. When you're
confronted with a challenge, don't change your goals but your
plan of action. Think what is only important: Your New Invention
Idea! Constantly
create
new options for yourself during
all the steps as an
inventor and you will succeed.
New Product
Invention Development
In today's market,
new
product development (NPD) is a
term used to describe a complete process of bringing a
new product,
new invention idea or service to the
marketplace. There are two similar paths involved in any NPD
process: one involves the
idea generation, product design
for your new invention idea, and finite
engineering; the other involves
market research and marketing analysis. Companies usually see
new
product
development as the first and
most important stage in generating and commercializing new
products within the overall strategic process of product life
cycle management which is used to maintain or grow their market
share.
So what should your very first action be:
●
Getting a
patent, perhaps?
●
Going on a
fact-finding mission to manufacturers in China?
●
Calling QVC?
While all these steps may be appropriate down the line, it's
critically important that you first take action by shifting your
thought
process. I know what you're
thinking. Thinking doesn't seem very actionable, does it? Maybe
not, but over the years, countless
inventors make devastating
mistakes based on false beliefs and inaccurate assumptions. For this reason debunking some common myths associated with
inventing is important. Myths and misperceptions can be
debilitating to your progress and costly to your pocket book.
Although it may not seem very "actionable," it's vital to begin
the
inventing process
for your invention idea with a
realistic understanding of some of the basics for bringing an
idea to
market.
The following
are among the most common myths:
Myth #1: The first thing an
inventor
should do is
get a
patent.
Truth:
It's
understandable why this is such a commonly held belief. The
topic of getting a patent is so pervasive among the inventing
literature, conferences, websites and TV commercials, it's no
wonder that many people feel they can't move forward without
getting a patent first. Many
inventors spend 80 -100% of
their initial effort and money on obtaining a patent because
that is the myth that's been sold and supported by those who
stand to profit from it. Certainly a patent can be a valuable
tool later in the process, but you should first determine the
viability of your
invention as a business before
moving forward. Remember that filing a patent has little impact
on a successful
product launch & cost $10,000
or more-so unless getting a
patent for its own sake is your end goal, it doesn't
usually make good business sense to apply for a
patent first thing off the bat. Most importantly- if
you file a patent first, then encounter overwhelming obstacles
later on, you may have invested in a
patent for nothing.
Myth #2: If I tell people my idea,
they'll steal it.
Truth:
The theft of a new invention idea is actually very rare. A
lot of sweat equity goes into
developing an invention and
this is a big barrier to most potential "thieves." That doesn't
mean ideas are never stolen. Keep in mind, copying and
competition are facts in any business. However, once you have an
understanding of how much work goes into taking an idea to
market, you'll understand why most ideas are stolen
only after a
product's proven
successful. It's like betting
on a horse. You're more likely to win by betting on a horse with
a winning record than you are by backing an unproven long shot.
That being said, don't be careless.
Myth #3: My idea is worth a million
dollars!
Truth:
Earning a million
dollars with an
invention is less likely than
making slightly lesser amount depending on the depth of your
invention. Study the process, set realistic expectations, take
action, work hard and you can find success, especially if you
have more than one
marketable idea.
Why use the
Protomine Process?
The Protomine process was created to
offer an alternative to expensive
invention submission
companies that offer so much and produce so little. Do the
research and we know you'll see the difference.
What does it cost to
develop a product?
Manufacturers
follow a complicated and costly product development process
called
product lifecycle management
(plm). This approach encompasses the complete lifecycle from
concept design
through
manufacturing and
disposal of a product. The typical cost for product development
starts at around $100,000 for simple concepts and rises
dramatically for more complicated concepts.
What are they promising you?
Organizations such as
invention submission
companies offer costly services promising to develop your
concept for $5-$20,000 (a fraction of what it really costs)
while delivering very little in return and producing very poor success rates.
The Reality
for any new invention idea
Paying high prices to outside
companies to "develop"
or "patent"
your product is often unnecessary if you just want to
license
your concept. Ultimately the distributor
incurs the real costs of development and in return offers a
licensing
contract. Your job is to present an appealing product
presentation and deliver it to the right people!
The Solution - The Protomine Process!
In a nutshell, the Protomine
process
was created to help you create a presentation which
represents
and
markets
your design efficiently and effectively. Our
proprietary
process contains a complete checklist of items
companies want in order to make informed decisions on whether or
not to carry your product design. So forget about expensive
invention submission
companies and everyone else trying to take your money and do-it-yourself.
Interest in obtaining licensing for your Invention?
The purpose
of
licensing is to grant another
individual,
company or corporation the
right to use your
intellectual property for a
specific amount of time and for a specific purpose. The
specifics are outlined in the terms of the agreement. A licensor may grant licensing under "intellectual
property" to do something (such as copy software or
use a patented invention) without fear of a claim of
intellectual property
infringement brought by the
licensor. A
license under
intellectual property usually
has several parts including a term, territory, renewal, as well
as other limitations deemed vital to the
licensor and
licensee. Many licenses are valid for a particular length of time
protecting the licensor should the value of a
licensing agreement increase,
or market conditions change.
About: Product
Royalties
Royalties are
payments made by one party (the "licensee")
to another (the "licensor") for ongoing usage of an asset,
usually an
intellectual property (IP)
right. The royalty for a given case is determined by many
factors including:
market drivers and demand
structure, territorial of rights, exclusivity of rights,
inherent risk, strategic need, fundability, deal structure,
level of
innovation, stage of
development, sustainability of
the
product, and availability of
similar technologies. Navigating through the royalty terms is important. You commonly
have both an advance royalty, which is a flat fee paid upfront,
and ongoing royalties, which are paid as a percentage of every
sale you make. The advance
royalty is basically a
guarantee that the
licensor will get some money
even if your product does not sell. Then, if and when your
product
sells, the licensor will get a percentage of the
sale on average, about 5 percent of the wholesale
price of each product sold. The licensor usually decides what the royalties will be, and
those rates are pretty firmly set. So make sure you understand
what they are and that they are spelled out in your
licensing agreement to avoid
any surprises later. In fact, that agreement is crucial in
determining not only what the licensor receives, but also what
rights you get.
Should you do your own invention promoting?
Many people ask themselves should I market or promote my invention myself or hire someone to do it
for us? Either way, whomever promotes your design concept should
understand the following: It is crucial to your
product presentation that you provide a quality Marketing Invention Analysis of your
design concept for maximum
impact. Knowledge about your
market demographic, market trends and other information can greatly increase the value of your
presentation enabling you to
maximize you potential for sales or licensing your product idea
promoting. Simply follow the step by step
marketing guide to create your
Marketing Invention
Analysis directly from your
dashboard. You will create a simple concise set of marketing
details to show others that your design is exciting and has
market potential. Lastly, if you have problems simply contact
your
project manager who can answer any questions you may have.
Advertising Your New Invention
Idea
Advertising is a type of communication that commonly
attempts to persuade potential customers to purchase more of a
particular brands
product or service. Many
advertisements are
designed to generate increased
consumption of those products and services by creating and
reinforcing of brand image and brand loyalty. Advertising
sometimes has a persuasive message combined with factual
information. Major mediums used to deliver these messages
include television, radio, cinema, magazines, newspapers, video
games, the Internet and billboards. Advertising is often placed
by advertising agencies on behalf of a
companies or other
organizations. Advertising is seen on the seats of shopping carts, on the walls
of an airport walkway, on the sides of buses, in telephone
messages and in-store public address systems. Advertising is
often placed where audiences can easily and frequently access
visual, audio and printed information. Some organizations spend
large sums of money on advertising that sells what is not,
strictly speaking, a
product or service include
political parties, interest groups, religious organizations, and
military recruiters. Non-profit organizations are not typical
advertising clients, and may rely on free modes of persuasion,
such as public service announcements.
One of the
Best available Advertising tool today is the Internet!
We
will help you with our over 10 years partner Mr. John Kraus at
USA-310-Mr.INTERNET, get on ALL the Search Engines to the top
level and the most time on the first page of the typed search
result in i.e. Google, yahoo, MSN, ASK, AOL and CUIL.com. You can try our own result, the way how YOU found us: "new
3d invention idea = #3". Or just ask Google:
"3d design for my invention idea" -
we are third down with our 'invention.htm answer page! Type some questions: as "3d prototype design for my invention idea" we are number two in
www.Google.com.
And many topics more related to our business. This plan called
SEO
[Search Engine Optimizations] and is not for
free. You let us know the most important "keywords" to your new
invention idea. We will put up to 750 special search terms on
the 650+ world wide search engines out there today. i.e. Google.com charge a PPC [per per click] fee's from 1 penny
to $10 per one customer click. BUT don't be scared, we will help
with our proven method, to save your money and still get you up
in the best search engine places. How it this possible? Not magic: just do what the most search
engine asking: " DO NOT LIE ! " Show all what you have and what
you do, on your posted single web-page. Don't make up fake
keywords, you'll be punished and many times banned from the
whole Internet. Make all information visible and put graphics,
picture and descriptions on each page - ONLY "relevant"
what you sell - 'special' your new invention idea. Let us pretend you sale your new product a 'yellow umbrella'
only 5 inch long and 1 inch wide. Extremely lightweight and open
in 3 seconds. So maybe there is some similar umbrella already
invented - this is why "YOU will need us" :
www.Protomine.com !
We will show you how you can
secure the patent and protect your new invention; also how to
proper produce a sample 3d design
from your idea and we will help you to sell it to millions of
people around the world. We have a team lined-up of consultants, designers, lawyers,
productions and distributors for any product or inventions. We
will put your adverting material in newspapers, making
affordable TV adds, low as $80 for 20 seconds(!) and possible
posting on high-way billboards. Also produce a successful web-present with e-commerz, chat
boards and blogs. We will proof with statistic programs our
daily work and explain every step to you. After you have done with us your homework and your invention web-site is online,
we will start to help you to find investors and advice for low
rate developers loans from many banks.
Feel free to contact us any time . . .
Get your Invention idea to work - it's so easy
Anyone Can Do It!
Have any Questions ?
Can't find the answers ?
Don't worry about it . . .
Call us for help at
877- 897- 8804 |