Have you ever had a great idea for a new product or service, only to think to yourself, “What am I supposed to do next?” What makes this scenario even worse is when you later see your product or service come to fruition, but it’s at the hands of someone else who was able to capitalize on the idea. This sort of thing happens every day, and it can be a life-altering situation for both parties.
The truth is that there is much more to an invention than a good idea. In fact, there is an entire invention process that most products or services have to go through in order to be successful. Here is a look at that process and how inventions come to life.
Documenting Your Idea
To think that you are the only person to have a great idea is a pretty naive mindset. However, the good news is that you can be the first person to thought of it. The only thing you have to do is document it to say as much. Documenting your idea means that you get a license or patent for it, which you can do through the US Patent and Trademark office. This documentation will do you wonders as you go forward with the invention process.
Determine Your Market
You might think that you should determine your market before you come up with a product. However, plenty of entrepreneurs will tell you that isn’t the case. That is because you might come to realize that you’ve invented something for one purpose or need, but in reality it is much better suited for something else.
Windshield wipers, the ceiling fan, lighters, and many other products were first created with different intentions aside from what they are commonly used for today. Therefore, if you have a great idea and it doesn’t hit with one market, keep in mind that you can target it to other markets as well. Being more open minded will help increase the likelihood of success for the invention.
Bring It To Life
Now that you know the what and who, it’s time to bring your idea to life. This might consist of you building a prototype if you have the ability to do so, or just a mockup if this is more reasonable. A prototype and mockup will also be useful when filing that patent, so be prepared to move this part of the process to a point where it is applicable in your city or state.
Get The Funding You Need
One of the biggest challenges that an entrepreneur will come across in the invention process is finding funding. That’s because after everything you’ve done that was previously mentioned on this list, you’ll still need to market your product to get it to the masses. Instead of running the risk of doing it on your own, working with a small consulting company like Top Dog Direct can provide plenty of benefits. Along with offering financial backing, Top Dog Direct also provides its clients with guidance and leadership with their inventions. This sort of assistance can be very beneficial in terms of the potential success for an invention.
Keep in mind that launching your own product won’t be as simple as these four steps. You’ll instead likely encounter many road bumps and hiccups along the way. But if you plan to have your invention come to the masses, you surely won’t be able to avoid the foundation of the invention process, which will help your inventions come to life.