Today, one of the easiest ways to make money is to create and sell original ideas. Every year, more than 100,000 patents are granted in the U.S., creating a billion-dollar industry for those using intellectual property. With this book, would-be inventors can develop their ideas with low risk and a minimum of investment - without quitting their day jobs! Attorney and patent holder Steve Barbarich takes readers on an exciting journey through the patenting process. From concept to marketable product, there are step-by-step instructions that anyone can follow. This book features important information on: Choosing which ideas to pursue Taking your ideas into the marketplace Prototyping and test marketing Filing the proper forms Protecting your ideas And much more!
Turn your great idea into millions—without lifting a finger! Yes, a good idea is enough to build a fortune! Too many people think production, marketing, and distribution are essential to the entrepreneurial process. As One Simple Idea shows, you can hand these tasks off to others—and make big money in doing so. Stephen Key, a highly successful entrepreneur whose creations have generated billions of revenue, offers the simple, effortless secret to success: license your simple idea and let others do the work. Breaking down the process of generating and licensing a product idea to a large company, he explains why you don’t need to reinvent the wheel: Simple improvements to existing products can be very successful endeavors—and the most lucrative. The old method of bringing products to market through prototyping and patents doesn’t work anymore. It’s cheaper and more profitable to do it Key’s way. One Simple Idea gives you everything you need to tap into the marketing and sales power of partners and licensors for maximum profit.
How to take your innovative ideas from idea stage to granted Patent in India in quickest possible time. Best practices to save costs and time while working with a patent agent or patent attorney for your invention and making money with your patented invention. This is a step by step, Easy to understand guideline on filing patent in India for your invention. This book is most valuable for business owners, entrepreneurs, research and development professionals and working employees who continuously come up with * Innovative ideas, * new ways to solve a problem, * do research in specific domain or * new improvements in existing systems to make it more efficient and cost effective.Outcome expected from Patent protection is, "We want our innovative ideas and inventions to have broadest possible protection, ensuring the ideas is protected from all possible angles such that competitors should not be able to work around our invention without infringing on our patent" So that we can protect our products and services by Patent from competition and hence can monetary benefits or profits.This book answers most common questions like; How to file patent in India, cost of getting patent in India, steps and procedure to obtain patent. and goes in to granular details from inventors perspective for steps involved in proceeding with an innovative idea to a patent granted for that invention. The outline of book:Patent basics:* Definition and law for patent what can we learn from it * What is an invention * What can be patented and what cannot be patented in IndiaIdea incubation Phase: * How to identify innovative ideas with potential to win patent* How to get absolute clarity on your idea, being specific.* How to do a preliminary search also called patentability search or novelty search* How to review the results you got from this preliminary search* when to get encouraged and when to get discouraged for going ahead for patent filing based on results* Creating Final Draft of invention disclosure* Mistakes to avoid in Idea incubation phase Action items, checklist, worksheet for Idea incubation phase that will help you to create your complete invention disclosure.How to save time and costs while working with a patent agent or attorney:* Non disclosure Agreement* how to Proactively speed up the patenting process * how to be ready with expected information at appropriate stages Patent drafting or Patent writing: * How patent attorney works on your invention disclosure* Call or meeting with patent attorney after sharing invention disclosure* How to confirm the understanding of the invention and commercially important aspects to be claimed* Opinion about patentability* Making decision to go ahead with patent filing based on results* Important rules for patent claims, detailed description, drawings, references, title, Abstract etc.* Covering all possible embodiments* How to ensure that the patent application is written to provide broadest possible protection for your innovative idea Different options, paths and strategies for Filing patent application: * Filing Provisional patent application in India, when to go for provisional patent application, costs involved and advantages.* Complete patent application* International patent application, different options and routes available for filing international patent in desired countries * Patent Cooperation Treaty (PCT) application The ideal way to proceed with your invention after patent filingWhat are benefits of patent pending status?Grant of patent: What rights you can practice on grant of patentDifferent strategies to monetize your patent that is making money with your patentPatent infringementPatent enforcementPatent of addition and improvementsPatent renewalsDeciding about royalties or selling patent
Having a novel idea and turning that idea into cash is not as simple as it sounds. To help innovative individuals learn to navigate around the many pitfalls of inventing, Bob DeMatteis has written From Patent to Profit, an up-to-date guide to all of the important steps involved in taking a product from the drawing board to market. Whether you are a professional inventor, a part-time dabbler, or just a clever daydreamer, From Patent to Profit can help make your dreams a reality.
Popular Mechanics inspires, instructs and influences readers to help them master the modern world. Whether it’s practical DIY home-improvement tips, gadgets and digital technology, information on the newest cars or the latest breakthroughs in science -- PM is the ultimate guide to our high-tech lifestyle.
You have decided the job of your dreams is to be able to share your creativity with the world while creating a nice income. You long to see your product idea come to fruition so you never have to work for anyone else again. Stephen Key has been living this dream for over 30 years and has provided the roadmap for others in his best-selling book about licensing inventions, One Simple Idea. One Simple Idea has helped thousands license their product ideas. Stephen has reinvented the inventing process. Forget the patents, forget the prototypes, forget starting a business. Sell the benefit first instead! Today it's all about selling first and selling fast. His roadmap for licensing success is now being taught in major universities. Become a Professional Inventor is the follow-up to One Simple Idea because people are now asking... I love being creative and I want to do this for the rest of my life, how can I become a full-time professional inventor? How can I go from amateur to professional full-time inventor? What industries create the largest revenue? What is the best way to work with these companies so I build a successful long-term relationship? How can I license even more products ideas? Why aren't companies getting back to me? How do I get the highest royalty rate? Why are my product ideas getting rejected? What type of protection do I actually need? What is the best way to submit my product ideas? How can I tell if a company is truly inventor friendly? How do I use non-disclosure agreements? How do I license ideas without any intellectual property? How do I negotiate a licensing agreement to make sure I get paid regardless of intellectual property? For the first time ever, Stephen has uncovered the consumer product licensing industry from the inside. He has interviewed 28 leading experts across 17 different industries, as well as professional inventors, to share their knowledge with you -- so you too can now become a full-time professional inventor. Here are a few industries included in this book: Kitchen Hardware Automotive As Seen On TV Pet Dental Hospitality Toy and Game Cannabis Novelty Gift Health and Beauty and more! Stephen peels back the curtain to give you an insider's guide to how companies evaluate your product submissions so you can become a professional inventor. Also included: Sample Sell Sheets Sample Non-Disclosure Agreements Sample Term Sheets Sample Licensing Agreement Sample Calling Scripts Sample LinkedIn Contact Scripts
