1. Think of ideas
The first step in creating an exclusive and valuable product is to think of ideas. Think about where you want to invent and what you are most interested in, as you will need to think about a lot of things.
To do this effectively, you might consider making a list of all the things that hold your attention. These could be hobbies, jobs or products that you use regularly. After that, you should look at the problems that exist in these areas and think about how they can be solved with your inventions.
2. Keep a diary
One of the things you would also need for this period is to keep an active diary. This is because you would need to constantly add new items to your list of possible inventions, while keeping your ideas all systematised in one place. Another beauty of keeping a diary is that it helps you stay free of mental clutter and allows you to review your ideas at a later date.
3. Solve an idea
Having done a lot of brainstorming, you may now be convinced that you have options. You should now try to choose your best idea for an invention. To do this, you need to spend some time thinking about the details of the project.
You will need to ask yourself some very important questions such as; Is the invention special and will people feel compelled to introduce it into their lives? Why is your invention so great? Think about what changes might be needed. What parts of your invention are superfluous or unnecessary? Is there a way to make it more efficient or cheaper to produce?
4. Sit under the tutelage of an expert
One way to get things going so that you can invent something useful is to sit under the tutelage of an expert. You may want to consider choosing an expert in the field of the invention you are looking for. It is very important that you choose a similar field so that you can be closely supervised by the guru. cool inventions
5. Create a prototype
You cannot simply say that you have invented something useful if you do not have a prototype. Indeed, you need to have proof of when you had the idea for the invention.
That is why you need to write down everything you can think of that relates to your invention, from what it is and how it works to how you will make it and market it. This is the first step to patenting your idea and preventing it from being stolen. You will need to research your idea from a legal and commercial perspective.
According to the report, more than 95% of all patents never make money for the inventor. So before you invest too much time and money in patenting your invention, do some preliminary research on your target market. You need to ask yourself if this is something that people will actually buy?
Once you know there is a market, make sure your product can be manufactured and distributed at a low enough cost that your retail price is reasonable. Bear in mind that you can determine these costs by comparing them to similar products currently on the market.
6. Ask yourself a relevant question
Has your product/service been subjected to internal testing processes?
Has the product been subjected to external testing, certification, approval or registration?
Has technical support documentation been written, e.g. specifications and instructions?
Have you documented the features and benefits of your new product/service?
Are you receiving professional advice on intellectual property, for example from an intellectual property lawyer or patent attorney?
Have you used a confidentiality or non-disclosure agreement to protect the IP at this stage?
Have you developed an IP strategy to protect your IP in the future?
Do you have seed funding for research and development (R&D) and IP protection?
Have you used customer feedback in the development of your product/service?
Is the product development complete and ready for sale to customers?
Is the product ready to start commercial production in volumes that can meet demand?
7. Protecting your ideas and your invention
As soon as you think you have found a unique idea for a new product, you should take steps to protect it. Many people who want to protect ideas think first of patents. There are good reasons for this. Indeed, you will find it difficult to license your idea to other companies, if you wish, without patent protection. But obtaining a patent is a long and complicated process, and you should not go ahead without professional help; it makes the process expensive.
If you want to get a patent for your ideas, contact a patent attorney or a registered patent agent.Many companies choose to protect their ideas using trade secrets. Note that this is simply keeping knowledge of your ideas, designs, processes, techniques or other unique elements of your creation limited to yourself or a small group of people.
Keep in mind that many trade secrets involve chemical formulas, factory equipment, machinery and manufacturing processes. The formula for Coca-Cola is one of the most recognised and successful trade secrets. When you plan to protect your idea or product, your intellectual property must be legally protected. A range of options are available and you should seek professional advice.