What to do FIRST With Your Invention Idea

Описание: Want to know what to do next with your invention idea? This video explains what separates successful and un-successful businesses when developing an invention idea and the steps that successful inventors take to make sure they do not waste money and give their invention idea the best chance of success. The first thing to do next with your invention idea after conception is to determine whether the great idea will actually make product or business. This includes doing market research into similar products and determining what the market landscape is, identifying who the target customer is for your product, engaging with these potential customers and determining what these customers actually need. The next step is determining how to build a prototype or MVP and then taking the steps to do this, which may be easy for simple product or may be time-consuming or expensive for more complex products. Once you have done market research and have a product that is ready to go to market or before approach inventors, then you are ready to file your first patent application before any public disclosures, public uses, offers for sale or pitching to investors. #patent #patents #patentstrategy #patentlaw #intellectualpropertylaw #inventortutorial #inventions #startup #startups #startupcompany #startupbusiness #startupadvice #startupguide #startuptips #startuptalks

Additional Patent Resources:
My best-selling book, Patents Demystified: https://amzn.to/2MX5le9
The top book on licensing your idea or invention: https://amzn.to/3tDLSib (One Simple Idea by Stephen Key)
When to file a patent application: https://www.dwt.com/blogs/startup-law...
Is software patentable: https://www.dwt.com/blogs/startup-law...
My appearance on CNBC’s “The Profit” with Marcus Lemonis: https://www.cnbc.com/video/2019/11/08...

**** DISCLAIMER: Information in this video is not legal advice and should not be relied on as such. The law can change and the information in this video may be outdated, so you should always consult an attorney regarding your specific issues in view of the current state of the law. *****