When it comes to capitalising on your invention ideas, usually the very first step is setting up exclusive ownership Invent Help rights to them. By simply imagining it, you cannot gain profit from it legally without the proper documentation which shows that you were first to invent it. You need to seek patent protection for your invention in order to secure a safe haven for your idea and your future products.

There are many different reasons why a person would want to patent their invention ideas. Some people do it to prevent others from stealing their idea. Others do it because they believe in the value of their ideas and would like to make it so that no one can steal them. And others simply do it to make money, and they will go to any length to get it done. No matter what the motivation behind your desire to secure patent rights for your invention ideas, there are three steps you must take.

Step one is to determine whether or not your new invention ideas are eligible for patents. The USPTO website has a list of current patentable subjects. To find out if your idea is eligible, log onto this site and perform an easy search. If you are unsure, simply contact the USPTO office and they will be able to assist you in determining if your new invention idea is patentable.

Step two involves contacting other inventors and collecting information on how they use their inventions and whether they are willing to help you pursue a joint venture or an independent company. After you have obtained the information you need from your counterparts, you will want to begin drafting a business plan to help present your invention ideas to your counterparts. If you are unable to come to a joint venture arrangement with your inventor, then you will need to draft a separate business plan for each of you in order to separate the expense of researching and developing your ideas.

Step three involves contacting a patent attorney or intellectual property attorney to help you with drafting a patent application covering your invention ideas. Once you and your attorney have decided that your ideas are worthy of a patent, then you can either apply by filing a non-provisional patent application or a provisional patent application. Most inventors begin with the non-provisional application because it is less expensive and is good enough to begin building a strong defense against potential competition. A provisional patent application must be filed before the United States Patent and Trademark Office allows you to seek protection with the USPTO.

Step four entails developing an extensive business plan that details how your product or technology will be delivered, how it will be marketed, how you intend to obtain funding, and how you will work with distributors and suppliers to make your invention ideas a success. You will also need to detail how you will provide employees to help bring your product or technology to market as well as how you plan to hire a patent attorney to handle the arduous process of patenting your invention ideas. Your business plan should include an exit strategy that provides details about what happens to your company once you have become profitable. Many inventors do not include this information because they believe their work will be protected for five years after the date of application.

Step five is designing a marketing plan that details how you will attract customers and build a network of distributors and suppliers. In order to attract customers, you may choose to develop a website and launch promotional advertisements in trade publications and on billboards. You should also join other businesses in the area of your invention ideas so that you can expand your customer base. You should also develop a referral program that sends new customers to you whenever another business in the area uses your product or develops a similar solution.

The most important thing to remember is that it takes ingenuity and hard work to come up with innovations and inventions like the one you saw today. It takes creativity, perseverance, and determination to follow through with the research you've done and to find business partners who will be interested in buying your ideas. Patents take a long time to get approved and licensed, so you need to be patient. If you follow the steps outlined above, you will find that it is possible to apply for, and obtain, several patents for your innovative and inventions like the one you saw today.