How to Sell Invention
The cheapest yet most expensive way to earn profit is learning how to sell invention ideas.
These inventions are products of your ideas that can give you promising returns. Find out how with the use of this article.
Having an idea alone is not an advantage. For it to be beneficial, you may put it in action by means of inventions. These inventions will remain as mesmerizing as ever when you market them with your customers. How to sell invention ideas is tackled in here.
How to Sell Invention Ideas
Basically, the first thing to do is make a substantial description of the type of invention that you have. Included here are the specs as well as diagrams. The main characteristic of your description must be a total package that a manufacturer may understand. Utilization of an attorney is very important in making patent claims. This means that you need a justification that your invention idea is full of usefulness, inventiveness as well as novelty.
After establishing a patent, you may now pass your patent application internationally. This means that you will be handing your invention ideas to the official receiving offices in Switzerland particularly in Bureau of Geneva. Once you already submitted this, International Bureau will be having preliminary exam with regard to your invention's patentability. Aside from that, you will need to apply for the so-called as the patent protection. According to the sources, this is a costly process yet, will give you ample benefits. Your patent application will generally undergo process if it would be approved or not.
The next step is the production of a prototype invention of your idea. This will serve as a proof that the invention ides is subjected for manufacturing. Diligent search is needed in this part. Once you have made the prototype, it also your duty to conduct research with regard to the uses of your invention. In this part, you have to prove that your invention will have the capacity to give answer to a certain problem. The results of your research must be in a way that you found your invention better than what a customer may find in the market. In addition to that, the results of your research must be beneficial in terms of the marketing presentation of your invention.
With the use of trade associations, you may already look for possible licensees. This can be obtained from patent law firms. The final step is the negotiation process as well as drafting the agreements in patent licensing. This can be achieved with the help of an attorney. However in hiring for an attorney, make sure that he is not just aware of the applications in patent preparation but also in the negotiation agreements of patent licensing.