People come up with great ideas all the time but very few ever take action. This maybe partly due to the mystery around developing and promoting new ideas which article was created to increase the risk for process clearer. It isn't difficult three step process with a range of two routes by the end.
Step 1: The first step is to establish if the idea is original. The person can do a certain amount of research on the web themselves to find out if they can find the idea online. However the best way to make certain that idea is original is always to commission a worldwide patent search. This will cost around $600 and make sure a consultation having an expert in the field of inventions is included inside the price.
Step 2: Consider choices for protecting the concept. Take advice from someone with experience in search engine optimization regarding the the easy way protect the particular idea. This may probably involve a patent or registered design or both. (There isn't any point attempting to try this step before the worldwide patent search may be done. Otherwise considerable time will probably be wasted trying to get patents only to find someone arrived first.)
Step 3: Design and develop the idea and convey presentation boards and so the idea can be given to your clients. Consider getting a prototype produced to best explain the idea but this might not be necessary and is expensive.
There are now two routes to select form.
Route 1: Sell the thought to a person else so they can decide to use market.
Route 2: The inventor does the hard work to market the thought themselves.
Route 1 will be less nevertheless the inventor only receives a portion payment for every one of the product the company sells. This is typically between 5% and 10% with the factory gate price for the way much that like the concept and how close to production the concept has got.
Route 2 is more expensive however with the professional presentation (step 3) an angel investor might be persuaded ahead on board at this stage to assist buy the rest of the work. These investors are usually called "Venture Capitalists."
This can be a simple self-help guide to outline the steps. There is lots of extra information to take about each step and ideally you will need a InventHelp invention prototype to adopt you the process. Check online to ensure there's no bad press about the chosen invention company before handing over anything as unfortunately there are a few sharks available!