Ben Tex wrote:Hi Rodney,
I would very much apreciate your advice. I strongly feel I have achieved the first two "rights" with my invention of a beverage accessory. It's simple, and searches have shown there's nothing on the market or patented that does what it does. I have applied for a patent through an invention help company. I have worked with an engineering design company to "perfect" the design and have CAD drawings and e-drawings. I agree that my client is a manufacturer, but don't know where to go, or if I'm even ready to go. Any advice?
Hi my name is Heather. It is great to have you here for advice. I looked you up quickly and saw some of the products you developed and read some of the interviews you have given. Nice to be able to communicate directly with a veteran inventor! I have a medical product that I invented and have been selling directly to hospitals, doctors and parents. It is quite successful and the best on the market. I have been doing it now for about 7 or 8 years, but only just recently finally have gotten the manufacturing process perfect. I was a totally "green" inventor at the start of all of this. I am glad that I did this first official invention the hard way. It has been a tremendous learning experience and this particular invention is close to my heart..."my baby". This product supports my family and greatly boosted our way of life. Anyway, I have another invention that I am 101% confident it would be an instant success among general consumers and could probably sell as many as could be made. People are already asking for inventors to create it, but for some reason everybody has overlooked the obvious. This new invention is not my baby and I really don't care about following it through from the concept to the market, but I would like to get a peice of the sales. I have done patent searches, I have sketched drawings, and I have page after page of internet talk about how people want the funtion that this product will provide. I thought it may be the easy and lazy route to go on American Inventor. If you have other suggestions I would be very interested!!!!!!
Road Show wrote:Rodney,
I just got back from having a discussion with a friend and fellow inventor concerning my invention (of course I had him sign an NDA despite the implicit trust we share). I am very entrepreneurial by nature, so I was in a quandry regarding whether to begin licensing my idea from the get go, or develop a business around the idea, with the thought of bringing in licensing revenue down the road. His take on this was for me to work from the top down so that I wouldn't invest a lot of time imagining that the licensing market is viable for my product when, in fact, it is not, and be left to toil in a marginally profitable business until I tired of it. I agree with him. He went on to suggest that I put together a formal presentation in the form of a multi-page brochure to send out or compliment an in-person interview with a potential manufacturing partner. As this will be the first time I have ventured into the licensing arena, I am inclined to pursue his suggestion. What is your opinion? Will my effectiveness be diminished by not having formal presentation materials?