Step 1: The first step is to establish whether or not the idea is original. The average person can perform a certain amount of research on the internet themselves to ascertain if possible the idea online. However the easy make certain that idea is original is to commission an internationally patent search. This can cost around $600 and make sure that the consultation with an expert in the area of inventions is roofed in the price.
Step 2: Consider selections for protecting the idea. Take advice from someone with experience of search engine optimization as to the the easy way protect the specific idea. This may probably involve a patent or registered design or both. (There's no point trying to do this step until the worldwide patent search continues to be done. Otherwise considerable time is going to be wasted trying to get patents to discover someone arrived first.)
Step 3: Design and get the idea and convey presentation boards therefore the idea could be given to your customers. Consider getting a prototype produced to best explain the idea however, this might not be necessary and could be expensive.
Nowadays there are two routes to choose form.
Route 1: Sell the idea to anyone else to allow them to take to market.
Route 2: The inventor will the effort to market the thought themselves.
Route 1 cost less but the inventor only turns into a portion payment for every one of many product the organization sells. This is typically between 5% and 10% with the factory gate price depending on how much that like the concept and the way close to production the concept has got.
Route 2 is much more expensive but with the professional presentation (step 3) a trader could be persuaded to come aboard at this stage to help pay for the rest of the work. These investors are usually called "Venture Capitalists."
This is a simple guide to outline the steps. There is lots of extra information to absorb about each step and ideally you need a InventHelp Innovation to adopt you thru the process. Certain that your to ensure there is no bad press about the chosen invention company before handing over any money as unfortunately there are a few sharks on the market!