When people invent things, they usually don’t intend to manufacture the inventio

Question

When people invent things, they usually don’t intend to manufacture the inventions themselves. Instead, they essentially publish the instructions on how to build their invention and allow others to do that building by virtue of a “license fee.” 1.On the discussion forum, please describe a need for a product pertaining to the industry you work in and “invent” that product. Pitch it to the potential licensees who will pay you money to use your patent. (Please have fun with this one.) Minimum 250 words.

Explanation / Answer

Everything you see around you—every item you own, every book you’ve read, every app you use, every website you browse—was once nothing more than an idea in someone else’s head.

That airplane thousands of miles above you. The memory foam pillow on your bed. The headache pills. The toothbrush. Your guitar. The internet. All of these things began as dreams.

The great thing about starting to see the world as an overstuffed library of ideas is that you couldn’t have any better proof that inventing is for everyone. If someone else can dream something and turn it into a reality, time and time again, you can too.

But, when it comes to inventing things, the real trick is sticking the journey through or going from idea to invention to market. In this case, Thomas Edison said it best, “Genius is one percent inspiration and ninety-nine percent perspiration.”

So, if you think you’ve got a genius idea, be prepared to put in the legwork to see it through. It’s not as hard as you think!

That’s where this handy little guide comes in.

We’ll walk you through the things you need to do to get your ideas to market, and give you a number of useful resources to help you figure out everything you need to know to do it. All you have to do is read (and learn), develop a good sense of focus , do your research, test, test, test, and stick it through.

This is a great time for innovation so capitalize on the trends and invent smart.
There is much opportunity for independent inventors from TV shows to invention contests and more. The main concern for inventors, is in this public and social environment. There are a lot of resources available, but putting your inventions online can usher in unnecessary competition. If you go that route, be prepared to make decisions quickly and full court press your momentum. Submitting products online telegraphs problems that consumers may be responsive to and gives “deeper pocketed” competitors an advantage in the speed to market game. Understanding the pros’ and cons can help inventors make wise decisions and capitalize on this excellent time for innovation.

Edison Nation
Working with Edison Nation can be a good choice if you have a concept that does not meet the 7 criteria for successful ASOTV products. They have a strong presence in many industries and would be a great partner, in you need help developing and licensing a non-ASOTV item at concept stage.

If your invention does meet the criteria for successful ASOTV products, why give up 1/2 the royalties? There are many companies like Edison Nation that sub-license to my ASOTV back end partners. After all, knowing who to turn to is worth something.

Quirky
The folks at Quirky are strong product developers. Many of the inventors active in the Quirky community also serve on my product scout team so I review a lot of their items.
The company is unique in that it relies on a community of influencers to help select which submissions to move forward with. You can learn a lot about the product development process simply by observing the submissions that succeed and fail.

Shark Tank
Shark Tank is a popular reality show that is a buzzing machine of entrepreneurial and inventor education. I just love free education! There are many online radio shows and blogs dedicated to detailed analysis and play by play of the Shark Tank drama. The popularity of Shark Tank has sparked an increase in innovation and the shows investors do have the ability to produce product and grow company revenue, in very short order.

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