If you are an inventor with the next revolutionary idea, transforming your concept into a viable product may seem intimidating. InventHelp, a leading invention service company, was specifically set up to assist inventors to navigate this process efficiently. However, before reaching out to InventHelp, it’s crucial for you to be ready with certain things. Proper preparation will not only help in articulating your idea clearly, but it will also significantly enhance the chances of your invention becoming a reality. What should I prepare before contacting InventHelp?
Conceptual Description and Sketches
The first thing you need to prepare is a thorough description of your invention. A well-articulated concept should include details about what the invention does, how it works, why it’s useful, and any unique features that differentiate it from existing products. Sketches and diagrams can greatly assist in visually explaining your invention, adding more depth to its description.
Working Prototype
Though not mandatory, it’s beneficial to create a working prototype of your invention. A tangible model can help to bridge the gap between ideation and invention. It allows you to evaluate functionality, user experience, and potential improvements that may be difficult to grasp from a mere description or sketch.
Target Market Analysis
To convince potential manufacturers or investors, you need to demonstrate that your invention has a potential market. Define your target audience and present an analysis of market size, purchasing habits, potential competition, and price points.
Cost and Time Estimates
A basic budget estimate can aid InventHelp in streamlining the process of turning your idea into a functional product. In addition, an estimated timeline for prototyping, testing, adjustments, and final completion can be invaluable when engaging with patenting authorities or potential investors.
Queries and Concerns
Compile a comprehensive list of questions or concerns you might have about patenting, manufacturing, marketing, or any other aspect of the invention process. This will help in utilizing time more efficiently while discussing your invention with InventHelp.
An Open Mind
While preparing the above, remember to maintain an open mind. During the process, be open to accepting expert opinions, constructive criticisms, and suggestions. Flexibility may be key in making essential adjustments that can bring your invention closer to success.
How much do inventors make on royalties? Inventors who have sold their patents get royalties from the manufacturers of patented products. The royalties are usually a certain percentage of the selling price or net sales, depending on how the patent holder has agreed with the manufacturer.
In Conclusion
Your road to patenting and producing an idea can be a complex journey filled with challenges. By preemptively preparing a clear idea description, a working prototype, preliminary patent search results, market analysis, timelines, budget estimates, and a list of queries, you can ensure that your initial interaction with InventHelp is productive and promising. Remember, every great invention started as a simple idea, and with proper preparation, yours holds the potential to be the next big thing.
