The Independent Inventor's Handbook

The Independent Inventor's Handbook

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How do you actually turn a million-dollar idea into a million dollars? From scribble-on-the-napkin to product-on-the market, The Independent Inventor's Handbook explains everything a potential inventor needs to know and the tools he or she needs to use to take a raw concept and turn it into reality. Written by Louis J. Foreman, creator of the PBS series Everyday Edisons and a holder of multiple patents, together with patent attorney Jill Gilbert Welytok, here's a book that speaks directly to the inventive Americana€”the entrepreneur, the tinkerer, the dreamer, the basement scientist, the stay-at-home mom who figures out how to do it better. (over one million of them file patents each year.) Here is everything a future inventor needs: Understanding the difference between a good idea and a marketable idea. Why investing too much money at the outset can sink you. The downside of design patents, and how best to file an application for a utility patent. Surveys, online test runs, and other strategies for market research on a tight budget. Plus the effective pitch (hint: never say your target audience is qeveryoneq), questions to ask a prospective manufacturer, 14 licensing land mines to avoid, qlooks-likeq versus qworks-likeq prototypes, Ten Things Not to Tell a Venture Capitalist, and how to protect your invention once it's on the market. Appendices include a glossary of legal, manufacturing, and marketing terms, a sample nondisclosure agreement, and a patent application, deconstructed.For a product to be a good fit, it should ideally support a retail cost that is five to six times the cost of producing it. ... the spot, purchasing the media time, and the operational costs of fulfillment (customer service, warehousing, credit card processing, and distribution). ... GETTING ON QVC AND OTHER HOME SHOPPING CHANNELS Home shopping channels such as QVC and HSN are a huge boost toanbsp;...

Title:The Independent Inventor's Handbook
Author:Louis Foreman, Jill Gilbert Welytok
Publisher:Workman Publishing - 2015-05-01


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