inventions and ideas

Discussion in 'Member Casual Chat' started by Gorgeous George, Jun 17, 2019.

  1. Gorgeous George

    Gorgeous George Well-Known Member

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    Does anybody here know anything about invention procedures?
     
  2. Gorgeous George

    Gorgeous George Well-Known Member

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    Help, please!:frown:
     
  3. HereWeGoAgain

    HereWeGoAgain Banned

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    That's what I've done for 40 years. But it depends on what aspect of the process...
     
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  4. Daniel Light

    Daniel Light Well-Known Member

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    Google Patent Information. Try to make sure someone hasn't beaten you to it (very likely) and already has a Patent on the item.
    If it's a small item, consider having 3D modeling done - there are lot's of services on the internet.
     
  5. HereWeGoAgain

    HereWeGoAgain Banned

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    And a good percentage of those are scams.
     
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  6. HereWeGoAgain

    HereWeGoAgain Banned

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    So what is the question. There are about a million things to consider.
     
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  7. Gorgeous George

    Gorgeous George Well-Known Member

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    thanks for all of the replies.
    I've done a patent search. There were none like mine.

    The site I went to I checked out before I went. There wer no complaints filed against it.

    The agent there wants me to make a drawing online and I don't know how to do it free hand.
    I got an immediate call back when I submitted my idea but that many be standard procedure.

    It seems like he is trying to rush me and I'm slower than cold molasses.

    I only want to make about 10 k.

    Then I'll have enough to patent some of my other inventions.

    I've got a million of them.

    Thanks again.:smile:
     
  8. Gorgeous George

    Gorgeous George Well-Known Member

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    How do I make a sketch online?
     
  9. Gorgeous George

    Gorgeous George Well-Known Member

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    I agree.
     
  10. Gorgeous George

    Gorgeous George Well-Known Member

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    Have you been successful?
     
  11. HereWeGoAgain

    HereWeGoAgain Banned

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    Why do you want to make a sketch online?

    The first thing I need to know is if this is just an idea at this point?

    Sorry, I missed your post above. Just now reading...

    Absolutely.
     
    Last edited: Jun 17, 2019
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  12. HereWeGoAgain

    HereWeGoAgain Banned

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    If you are talking with some invention company, forget it. If you want patent protection you go to a patent lawyer. Be prepared to spend about $15K

    Ideas cannot be patented [ with very rare exception]. You have to have a device.
     
    Last edited: Jun 17, 2019
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  13. HereWeGoAgain

    HereWeGoAgain Banned

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    Many times, a patent is a waste of time. What kind of product are we talking about? I know you don't want to give away your secrets [although you apparently already did with some company online?] But what can you tell me?

    Did they sign non-disclosure and promise not to compete statements first?
     
    Last edited: Jun 17, 2019
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  14. HereWeGoAgain

    HereWeGoAgain Banned

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    Who are the target customers
    What would be the approximate retail price?
    Why would someone want to buy it?
     
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  15. Gorgeous George

    Gorgeous George Well-Known Member

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    15k?:buggered:
     
  16. Gorgeous George

    Gorgeous George Well-Known Member

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    yes, they signed nondisclosure statement.
     
  17. Gorgeous George

    Gorgeous George Well-Known Member

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    i don't know the price yet but pronably about 40 dollars.
    ir's a plumbing device. old people would like it and helps you to keep from bitten by spiders.
     
  18. Nonnie

    Nonnie Well-Known Member Past Donor

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    I've had a tumble drier idea which freshens clothes as well as dries them. Never told anyone about it.

    Maybe I should do some research and take it from there.
     
  19. The Rhetoric of Life

    The Rhetoric of Life Banned

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    lol...

    Sorry, just a reaction.

    Sure, maybe they are, just the way how I read it - the way you followed it up like that 'And a good percentage of those are scams.' made me lol.
     
    Last edited: Jun 18, 2019
  20. HereWeGoAgain

    HereWeGoAgain Banned

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    Many times, for products like this, it is easiest to just start making them and selling them. Patents only require a 10% change to avoid the patent. So unless you have some definitive design feature that can't easily be worked around, a patent probably wouldn't do you any good.

    You don't need a patent to just start selling a product.

    If you really have something unique in design, then it comes down to the potential for sales and the cost of patents and ramping up production. Either way it takes a lot of money. You can always try to get investors but then need patent protection. Otherwise you can go to a bank and lay out a business plan. They may be willing to provide financing.

    One time I had an idea, way back before cell phones were common, for a play phone that records messages from relatives for playback. The idea was that a kid could dial 2 and hear grandma. Dial 3 for grandpa, etc. I talked with Radio Shack about getting it into their stores. I had to have something like 10,000 units ready for sale A YEAR before they hit the shelves. My little play phone idea was going to cost about $100K before I even started selling anything. And that assumed I had a finished product ready to go. So it can be quite daunting to break into a market like that.

    When it comes to novel ideas like this, it is all about the money... and RISK!

    BTW, you really need a non-disclosure and a promise not to compete.
     
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  21. HereWeGoAgain

    HereWeGoAgain Banned

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    For many years I kept an eye on something called The Inventors Workshop. It had been around a long time and promised to help new inventors become successful. I almost joined several times but then hesitated. I think the cost was something like $100 for starters. One day by chance, I met the man who started it. We had a mutual friend. I was shocked when they told me who he was. So I asked him for a history of successful inventors they could list.

    There were none.
     
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  22. HereWeGoAgain

    HereWeGoAgain Banned

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    I used to know a guy who would finance ventures like this; no questions asked.

    All you had to do was sign over everything you own, if you don't succeed. I decided to pass. :D

    His attitude was, if you're serious, you will take the risk. If not, then why should he take a risk on you?
     
    Last edited: Jun 18, 2019
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  23. HereWeGoAgain

    HereWeGoAgain Banned

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    Sorry, that was a misstatement. You can get a non-disclosure and promise not to compete. But the problem is enforcement of these or patents. Can you afford to sue someone and spend years in court? That is the Catch-22. Even if you have a patent and someone violates it, you have to catch them; you have to be able to prove your claim., and you have to pay lawyers to go after your money.

    The guy who invented the socket lock for ratchets [ the button you push to release the little ball bearing holding the socket], worked for Sears when he invented it. They fought over the patent for decades. Long after he was dead the family was still fighting it.
     
    Last edited: Jun 18, 2019
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  24. Gorgeous George

    Gorgeous George Well-Known Member

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    I need to go on Shark Tank.
     
  25. Gorgeous George

    Gorgeous George Well-Known Member

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    I would do that cause I don't own diddly squat.:)
     

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