Discuss How to Market Your Invention
Ideas for a generating revenue take many forms. For example, an idea for a new product or service, an idea for a new way of doing business, or an idea for promoting a product or service. An idea however is only that, an idea. In order to bring the idea to the point of generating revenue requires a business plan that describes how the idea can be exploited as well as what financial resources will be necessary to implement the plan. Initial financing may include the need for the engagement of professional services personnel to develop the business plan, to secure adequate protection for the idea so others may not exploit the idea, and to conduct financial studies to determine the cost to develop a product or service, the cost to marketing a product or service to make the public aware of and desire to purchase the product or service and the cost to establish sales outlet channels where the product or service may be purchased by the public. In short, it costs money to implement an idea to a sufficient point where others would desire to invest in the idea.
Protecting an idea may involve obtaining patent protection, securing a trademark, securing a domain name for advertising the product or service on the Internet, or setting up necessary contractual relationship to keep a product or method of doing business confidential until full intellectual property protection has been achieved. Our firm is available to provide these types of services on a fee basis as outlined in our schedule of fees. The United States Patent and Trademark Office provides limited assistance to independent inventor. To check out this assistance follow this link.
