I can do something more important then being a car service driver! I can produce new inventions! I have to find a way to fly first class?
- texmanLv 75 years agoFavorite Answer
You never really asked any question. What exactly are you wanting to know?
1. Direct Contact: Make a list of manufacturers and potential users of your invention. The Thomas Register, available in libraries and online, has contact information for thousands of companies. The Yellow Pages and Internet are also good research tools.
When making contact with a firm, present yourself as a Product Developer, not an inventor. Request a face-to-face meeting with a Sales or Product Manager in the company.
This option is only advisable once you have actually secured a patent. Otherwise, you must ask the company to sign a non-disclosure agreement before discussing your idea. However, most companies will not sign this agreement as their R&D team may already be at work on a similar idea.
2. Trade Shows: Attend trade or invention shows where you will encounter companies or individuals interested in your product.
3. Advertise: Buy space for new product announcements in trade publications and inventors' magazines to generate potential patent buyers. The Patent Trade Office publishes a gazette where inventors can advertise their products for around $25
4. Venture Capital: Finance your invention by soliciting partners to provide capital required to launch the product.
5. Patent Website: Several companies have sites on the Internet where inventors can advertise their patents for sale. Some sites are free while others charge a fee if the patent is sold. Before posting your invention anywhere, check out the United Inventors Association website which has news on unscrupulous invention schemes.
6. Brokers and Submission Companies: A contingent fee broker will market your invention to manufacturers and receive payment for services if the product is sold, typically in the form of a percentage of royalties or cut of the sale. Never pay a broker in advance for his services. Reputable agents will only charge you if they sell your invention.
Beware of invention submission companies. There are lists of inventors who have paid thousands of dollars to these companies and have nothing to show for it but an empty wallet and broken dreams. Many of these companies have been charged with fraud by Attorney General offices in various states and by the federal government.
Before using the services of any broker or company that offers to market your invention, check them out through the Better Business Bureau and United Inventors Association.
With good research and a viable product, you just may be able to turn that patent into a moneymaker.