by Scrupulous » Tue Oct 09, 2007 9:40 am
-

Scrupulous
- Black Belt
-
- Posts: 2414
- Joined: Sun Jan 21, 2007 7:32 pm
- Location: United States
-
The first step is to do what you can to determine whether someone else has thought of a similar idea already; and if so, why they never marketed the product.
The reason is, assuming that money is an object, you would want to be pragmatic when deciding that gaining money is a possibility, and/or in recognizing that losing money may be an actual likelihood. It also makes sense to get quick answers, before devoting too much time, effort, enthusiasm, and so on, toward a project that doesn't stand to offer much of a return.
This doesn’t mean set a course to travel the world, looking for evidence of your invention. It means take reasonable steps to find readily available information that may bear on your project.
The second step would be to determine the manufacturing feasibility of your project (when appropriate). The first two steps can go hand-in-hand if the insight required for the second step would make it easier to take the first step…a two-legged bunny hop, if you will.