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innovation for a yo yo economy. (1 viewing) (1) Guests
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TOPIC: innovation for a yo yo economy.
#375
joe ()
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innovation for a yo yo economy. 3 Months ago  
mr. stephen and mr.krauss,hi i would like some feed back on a gadget that i invented ,it would help with my continued research to describe my invention ,it is designed as a innovative new household product that grants one from being locked out,my intended user is the general consumer,the problem it solves is preventing people from being locked out while doing daily tasks,it can be sold or made available through household,hardware,household retailers,tv and the internet,can also be used to work on all cars and trucks,my question is do you feel this product has a need as i feel it does,so far it has prevented me from being locked out at work and home.



sincerely
joe
 
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#377
Re:innovation for a yo yo economy. 3 Months ago  
Hello Joe,

As we say at inventRight quite often, the only opinion that really matters is the opinion of the manufacturer/potential licensee. After all they are the one with 10, 20 or 30 years in the business and they are the ones that have seen everything come and go in the area of your invention. They are tapped into what consumers want and they are the ones who will be investing their money, advertising dollars, marketing effort, manufacturing and distributing the product.

The inventRight approach would be to spend very little time and money on the patent and prototype before calling the manufacturer so you can get feedback from someone in the industry of your invention. See what they think and make adjustments if you can to acomodate their criticisims or concerns.

If no one is interested in the idea or you can't fix what manufacturers didn't like about the invention. Then dump the idea and move onto the next. If your using the inventRight approach, you will most likely have just spent $105 on a provisional patent applicaiton and a few dollars on a sell sheet instead of a prototype, so you will have the time, energy and money to move onto the next idea.

Don't try to "make an idea work". Get the opinion from potential licensees and move on if no one is interested.

Keep Inventing,
Stephen Key & Andrew Krauss

-----
inventRight
Co-Founders - Stephen Key & Andrew Krauss
Helping You Bring Your Idea To Market!

http://www.inventright.com

Blog: Lessons & Advice Three Times A Week
http://www.allbusiness.com/4969065-1.html

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#380
joe ()
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Re:innovation for a yo yo economy. 3 Months ago  
mr.key and mr.krauss,thank you for that much needed feed back,it helps more than you know, also i have made my own prototype by hand which cost me nothing, a provisional patent has been file as well.

sincerely
joe
 
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#381
Re:innovation for a yo yo economy. 2 Months, 4 Weeks ago  
Joe,

Fantastic, you've invested very little money and hopefully time also before getting feedback from potential licensees(manufacturers).

Now, your next step is to make your hit list of companies to call.

Keep Inventing,
Stephen Key & Andrew Krauss

-----
inventRight
Co-Founders - Stephen Key & Andrew Krauss
Helping You Bring Your Idea To Market!

http://www.inventright.com

Blog: Lessons & Advice Three Times A Week
http://www.allbusiness.com/4969065-1.html

Tele-Classes - Cost: none
http://www.inventright.com/news.html

1-800-701-7993
 
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