Have an Idea? Now What?

Don’t Get Scammed Or Ripped-off By Bad Companies

Most Are Legal To Do Business

They look like, act like and operate like a normal business with all the proper credentials to take your money legally.  

Professional Looking Website

Great looking website with all the basic pages necessary to win you over. Lots of testimonials and pictures of products to get you excited.

Licensing Announcements

Weekly to monthly announcements of a licensing deal but never any follow-ups to see if the inventor made any money from the deal. A licensing deal, does NOT guarantee the inventor will make any money. Most new inventors aren’t aware of this fact.

Long Business History

Some have been doing business, ripping-off inventors for over 15 years. Some have been taken to court many times with settlements. Some have no bad online reviews which is a big RED-FLAG. 

Master Manipulators

They tell you everything you want to hear about your product idea. They are masters at making you think you are going to make a lot of money with your idea. They will never be honest and truthful about your real chances for product success with licensing or producing. 

They Will Get You Excited

They will tell you your idea is amazing and there is nothing like it. Their marketing team reviewed your idea and they are very excited to work on this with you.  

Must Act Now

They will pressure you into making a decision to move fast without doing any real market research or give you any chance to realize your getting scammed.

Pressure Tactics To Pay Now

They will test you out to see how much they can get from you now that you are so excited. If your hesitant to paying a large upfront payment, they will try and lock you in to a number with monthly payment plan, with no interest, but you need to make decision in next day or two. 

Thousands Of Dollars Up-Front

Because all invention companies know that most products don’t make any money in the end, no matter what they tell you in the beginning. Once they get that final payment, they try to upsell you for more. Unfortunately, many inventors fall for this tactic thinking, what’s a few more thousand.

Invention Licensing Success Rate

The invention licensing success rate of any invention marketing company, licensing company or submission company is less than 2%. If they tell you theirs is higher, ask for it in writing. They will NEVER show their actual success rates in writing. If they do, we love transparency. Bring it to us to validate.

Product Success Rate

95% of all products fail to ever make back a net financial profit.  

Inventor Coaching Companies

Hire coaches with no real licensing or product launch success of their own. These coaches are paid employees who get coached themselves weekly and get financial commissions for bringing new students or clients. Their individual student success rates are less than 1% who ever make a net profit making back more than they paid the company for coaching services and more. 

Money Back Guarantee

Most invention companies and coaches don’t offer any money back guarantees. Don’t fall for it. 

Better Business Bureau

Don’t trust the BBB rating system. Companies are paying for A+ ratings.

Product Licensing is Easy

Anyone that tells you this, is a big RED-FLAG. Licensing is NOT easy as 1-2-3. Some individuals in our industry have sold themselves as licensing experts and have fooled thousands of students and paying clients for decades. Same way Bernie Madoff and many other crooks suceeded for decades until someone blew the whistle. We are blowing the whistle.

Free Invention Kit

Some companies will offer you a free inventors kit with information to start earning your trust. Don’t trust them so easily. 

Making Millions Annually

These founders and executives at the top of the company are making hundreds of thousands to millions of dollars yearly by charging inventors up-front fees, and NOT on the inventors product or licensing success. They are living the life of their dreams on our backs with our money, and we are getting little to nothing in return as they promised.

Scare Tactics

Some companies will give you untrue and inaccurate information about producing and launching a product on your own to push you into their licensing and coaching programs. Some of these bad characters have written books wiith false and misleading information. Their books are a recruiting tool to lure you into their programs and get your money. They do not care about your success. 

Not Real Testimonials

Invention service companies get testimonials from non paying clients or students where as typically testimonial comes from a happy paying user willing to promote the product or service. Some testimonials are completely paid for and fake.

Spend Your Money Wisely

In the end, you have the final say on who you will trust with your idea and hard earned money. We urge you to do your due diligence before paying a dime to any invention company or individual consultant. Visit our alerts page to learn more about other red-flags we’ve listed after speaking to hundreds of ripped-off inventors. Trust your gut. If your not sure, contact us and one of our experienced inventors will help you make the right decision.

5 Questions For Invention Submission Companies

If they don’t answer these questions in writing, go find another company. https://inventorrescue.com/before-you-submit/ 

Questions For Licensing & Coaching Companies

Ask these questions in writing, and ask for the answers in writing. If company refuses, or is only willing to say verbally, go find another company. This one isn’t honest. How many paying clients or students paid for services in the last 5 years who received no financially successful licensing deals? What is your success rate? In the last 5 years how many students or clients had a net financial profit making back more money than they paid for in services and coaching?

Don't Pay A Dime Until It's Time

We have been in your shoes, and made a lot of costly mistakes. The costs can add up quickly. The following section, market research should be performed by the inventor. Before you pay any invention company a dime, you must do your market research to prove the idea doesn’t already exist and it solves a problem for for thousands of people. We built this FREE online course to help you invent the correct way by educatng yourself first with our guidance instead of paying mediocre companies and coaches who will not share their success rate. We beg you to take this free course, and ask for help from us when needed.

COMMON INVENTOR MISTAKES

Skipping Market Research

This is the most important phase or stage to make sure there is no product like your idea and there are thousands of potential customers who will buy this product. This stage is so crucial, and it must be performed by you.

Assuming Everyone Is Your Customer

In some cases this could be true, but in many cases your target audience isn’t every age between 3 and 99. This is information you figure when doing your market research. 

Paying For Invention Services Too Soon

This is one of the biggest mistakes new inventors and people with ideas make in the beginning. Most invention companies want your money, with little to nothing in return that actually is useful to helping you bring your idea to life. Most of these companies are scams and ripoffs. Visit our Inventor Alert pages. 

Hiring A Coach Too Soon

Any coach you hire, must answer the questions we shared with you in the previous section. Most inventor coaches don’t have any real product success or experience themselves. Anyone charging you $800 or more upfront for coaching needs to be questioned. Don’t fall for the trick of making monthly payments.

Paying Large Upfront Fees To Any Invention Company

Don’t pay anyone $800+ for invention licensing, invention marketing, invention promotion or invention submissions. According to the United States government, most of these companies are either ineffective or outright fraudulent. 

Trusting Anyones Word

Don’t trust anyones word, especially if they charge hundreds to thousands upfront with no money back guarantee. 

Thinking Your Product Will Become A Household Name

Most products don’t become household names. And that’s okay. It doesn’t have to become a household name to be considered a success or not. 

Working On Multiple Products At Once

One product idea can keep you busy. If you do your market research, you could find very quickly the product already exists. Then you move onto the next idea. Create a list of ideas, but focus on one at a time. Idea’s don’t get licensed, solutions with some patent protection is what companies are looking for.

Not Join Your Local Inventors Club

Inventor clubs are located around the country and are a great resource for new inventors. Find a club near you by visiting www.uiausa.org

Underestimating costs

Inventing products for licensing or manufacturing are not cheap either way. 

Filing For Provisional Patent Application Too Soon

Filing your PPA too soon can hurt you. This is a conversation to have with an experienced inventor or your patent attorney

Sharing Product Publicly With No Protection

This can have a serious concequence if your not aware of the rules. Keep private until you have a PPA or have an NDA handy. Don’t share your product or idea publicly until having a conversation with yoiur patent attorney.

Market Research

Questions You Should Answer While Researching The Market

Link to downloadable market research questions – ASK SCOTT

Google Key Word Search

Search using key words to describe your product idea. Keep track of all the words you search, and any results of similar products. 

Google Image Search

Click images under your search box to review all images associated with your key word search. Print or screen shot to keep in a folder properly labeled for this product search. 

Google Patents

Do a search on www.Google.com/patents

Using key words search to see if you can find any patents with a similar product idea to yours. Anything you find similar or close to your idea, save name of product and patent number or screen shot the patent number. This information will be useful for your patent attorney.

Competitors

Find and research any companies selling products like your idea or similar. Make a list of all product names, features, benefits and price. Where are your competitors selling product? Are they Online only, or in retail stores, or both. Visit their website and learn as much as you can about their products and company. Maybe subscribe to their website to stay up to date on new news.

Local Inventors Club

Is a great resource to meet other inventors, entrepreneurs and innovators who may be able to help guide you with market research and assistance to validate the need for your idea if a product doesn’t exist already.

USPTO Search

Searching for patents and prior art can be dificult to navigate on the USPTO’s website. There are tutorials and you can also call the inventors assistance center for help at 800-786-9199, option 2.

Retail Store Visit

Make a list of stores close to your home that sell similar products in the same category as your idea. Visit each store and look for your idea or products similar. Look at the packaging and examine the information. Speak to the store rep to see how the products are selling. Ask about product reviews. Which ones are selling more and why? How important is price? Are there different sizes or preferred colors? Keep track of your questions and answers from store rep.

Amazon Search

Can you find any products like your idea or similar. Review the entire page from top to bottom. Check out the customer reviews and any feedback or suggestions. 

Alibaba Search

Same type of search as you would do online and on amazon. In what countries are products being made?  

Crowdfunding Sites

Check out Kickstarter and Indiegogo to see if there are any active or recent campaigns for products simialr or in your product category. 

Tradeshows

Tradeshows are the best source of information to learn about your product category and the industry. A great place to meet and network with other inventors who have licensed or manufactured products. Many tradeshows offer lots of educational seminars about the industry. Usually requires some form of travel and hotel accomodations. But well worth the expense when you are researching an industry.

Trade & Industry Magazine

This could be another great resource to learn about the industry and other competitor products.  

Market Research Results

Did you find any products that were exactly your idea? If yes, you might want to abandon this idea and move onto the next. If you didn’t find anything like it, and it solves a problem for a lot of people, and you believe you can make a profit from it, next step would be to consult with a reputable and vetted patent and trademark attorney to do a worldwide patent search. We have attorneys who we use for our inventions who will not overcharge you and treat you with respect. See next section to review our recommended patent & trademark attorneys. You can also use a patent attorney of your own. We recommend a patent attorney, not a patent agent.

Intellectual Property Protection

Types Of Intellectual Property

There are 4 types of intellectual property:

1- Patent                       3- Copyright

2- Trademark              4- Trade Secret

What Is A Patent?

A legal license that protects inventors and their inventions from being used by anyone else. It gives the inventor the exclusive right to produce, use and sell for a period of 20 years. 

 

What Is A Trademark?

It is a designation of a good, or service, used to notify a customer or potential customer of precisely what good or service they can expect to receive when they see that mark associated with its sale or advertisement.

What Is A Copyright?

It’s the exclusive legal right, given to an originator or an assignee to print, publish, perform, film, or record literary, artistic, or musical material, and to authorize others to do the same.

What Is A Trade Secret?

It protects any proprietary methods or formulae of a company or an individual that have immediate , economic value to competitors.

Types Of Patents

There are 3 types of patents:

1- Design                   3- Plant

2- Utility                    

A Design Patent

Legal protection granted to the ornamental design of a functional item.

A Utility Patent

It protects the way an article is used and works .

A Plant Patent

Protection granted to an individual who has invented or discovered and sexually reproduced a distinct and new variety of plant, other than a tuber propagated plant or a plant found in an uncultivated state.

Provisional Patent Application (PPA)

Is a document issued by the U.S. patent and trademark office (USPTO) that helps protect a new invention from being copied during the 12-month period before a formal patent application, called a non-provisional is filed.

Best Time To File A PPA

Filing a provisional patent application too soon can hurt you. Make sure you have already done most of your market research  and have found no product like your idea on the market and you have already lined up companies to talk to regarding licensing and/or producing. Speak to your patent attorney about this.

Patent Attorney

Is an attorney who has the specialized qualifications necessary for representing clients in obtaining patents and acting in all matters and procedures relating to patent law and practice, such as filing patent applications and oppositions to granted patents.

Choose Your Attorney Wisely

Don’t rush to hire an attorney. Hiring an attorney is like bringing on a business partner. Move slowly and try to find one that comes recommended from an inventor who had a positive outcome similar to the outcome you are expectng. That outcome should be getting a granted patent for a reasonable price. Lots of patent attorneys are using fraudulent tactics to run up their clents costs.Choose WISELY.

Attorney Red Flags

Some key red flags to look out for:

1- Upfront retainer fee.

2- No clients who have received a granted patent in last 12 months.

3- Can’t give you a ballpark estimate of what your costs may be.

4- Not willing to share references

5- Bad reviews on BBB or Ripoffreport.com

Recommended Patent Attorneys You Can Trust

The following attorneys have been used for years and multiple times by members of our team. These are some of the best attorneys in our industry who also support our mission of helping inventors not get scammed or ripped-off. 

Paula Brillson
David Postolski

Prototype

What Is A Prototype?

A first model of something, especially a machine, from which other forms are developed or copied 

Basic Sketches

Before start building a prototype, you want to draw some basic sketches. Think about what materials the product will be made of. Will it be one piece or multiple pieces. Will it need batteries, magnets or any other special parts to complete it. 

Computer Aided Drawing (CAD)

Today, finding a 3D CAD developer isn’t very hard. And one document you will want to get familar with is an NDA. It will protect you and your idea from being shared with others. CAD creation will help make certain your product can be produced with the necessary functionality. It can help you decide on base materals, and help calculate a base estimated cost. 

Types Of Prototypes

1- Looks-like prototype

2- Works-like prototype 

Looks-Like Prototype

Is a prototype that focuses on the exterior of your product which will be made of plastic or metal. 

Works-Like Prototype

Is a prototype focused on the internal electronics or mechanical components.

Looks-Like & Works-Like Prototype

It’s the first time that appearance and functionality come together in a single prototype. 

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Make a list of stores close to your home that sell similar products in the same category as your idea. Visit each store and look for your idea or products similar. Look at the packaging and examine the information. Speak to the store rep to see how the products are selling. Ask about product reviews. Which ones are selling more and why? How important is price? Are there different sizes or preferred colors? Keep track of your questions and answers from store rep.

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Can you find any products like your idea or similar. Review the entire page from top to bottom. Check out the customer reviews and any feedback or suggestions.

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Same type of search as you would do online and on amazon. In what countries are products being made?

License Or Manufacture

Licensing

Licensing is working thru others, known as licensees who take your product to market, and pay the licensor, who is usually the inventor and/or the owner of the intelectual property, a royalty on units sold. Usually there is a minimum number of unit sales per year and in some cases an advanced payment. 

Manufacture

Manufacture or take to market yourself, is basically exactly that. Deciding not to license your product.  

Product Licensing
You will learn the necessary steps to take a product idea and bring it to market through licensing. And your coach will be with you through each step.
Product Licensing
You will learn the necessary steps to take a product idea and bring it to market through licensing. And your coach will be with you through each step.
Product Licensing
You will learn the necessary steps to take a product idea and bring it to market through licensing. And your coach will be with you through each step.
Product Licensing
You will learn the necessary steps to take a product idea and bring it to market through licensing. And your coach will be with you through each step.
Product Licensing
You will learn the necessary steps to take a product idea and bring it to market through licensing. And your coach will be with you through each step.
Meet Recommended Patent Attorneys

New End Section

What Is A Prototype?

A first model of something, especially a machine, from which other forms are developed or copied 

Basic Sketches

Before start building a prototype, you want to draw some basic sketches. Think about what materials the product will be made of. Will it be one piece or multiple pieces. Will it need batteries, magnets or any other special parts to complete it. 

Computer Aided Drawing (CAD)

Today, finding a 3D CAD developer isn’t very hard. And one document you will want to get familar with is an NDA. It will protect you and your idea from being shared with others. CAD creation will help make certain your product can be produced with the necessary functionality. It can help you decide on base materals, and help calculate a base estimated cost. 

Types Of Prototypes

1- Looks-like prototype

2- Works-like prototype 

Looks-Like Prototype

Is a prototype that focuses on the exterior of your product which will be made of plastic or metal. 

Works-Like Prototype

Is a prototype focused on the internal electronics or mechanical components.

Looks-Like & Works-Like Prototype

It’s the first time that appearance and functionality come together in a single prototype. 

Blank

Make a list of stores close to your home that sell similar products in the same category as your idea. Visit each store and look for your idea or products similar. Look at the packaging and examine the information. Speak to the store rep to see how the products are selling. Ask about product reviews. Which ones are selling more and why? How important is price? Are there different sizes or preferred colors? Keep track of your questions and answers from store rep.

Blank

Can you find any products like your idea or similar. Review the entire page from top to bottom. Check out the customer reviews and any feedback or suggestions.

Blank

Same type of search as you would do online and on amazon. In what countries are products being made?

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