The Thrill of Creating an Inventive Idea

Dreaming up unique ideas is what sparks the excitement for many inventors!  Yet, once you’ve got that inventive idea, the next steps might seem like a puzzle.  Many discover the hard way that trial and error can waste a ton of cash.  It’s not enough to have a great idea.  Remarkable Venture is here to give you simple, organized steps and clear options to help you formulate a winning strategy.  We will show you how to transform a concept into a valued inventive idea that brings the thrilling reward of residual income. 

Inventive Idea Essentials

1.        Your creation should improve lives so much that people are drawn to it and hopefully they can’t live without it.

2.       Your idea must surpass all available solutions in the market.

3.       Assure that your idea is unique and no one else already owns it.

4.       Prove that your idea is going to work.

5.       Show that your idea doesn’t cost more than the value it provides.

6.       Protect your idea so that others are legally restricted from copying it without your permission

7.       Find someone who is willing to buy or license your idea (licensing is like renting. Others must pay you residual income payments to use your idea.)

It sounds simple but without guidance and support, profiting from your inventive idea can be tricky with no guarantee of results.  Most creative people with inventive ideas jump in without understanding exactly what they are in for, and the results can be disappointing.  You can get prepared and understand the process by reading the Remarkable Venture Inventing series, to optimize for success.

Strategic Allies – Vendor Support

You may have heard of invention help companies that prey on inexperienced people with inventive ideas.  There are a few vendors out there who try to take advantage.  Wherever there is money to be made, you can always find someone trying to take it.  But many vendors do very professional work.  It’s important for you to be able to identify the ones that are honest and talented if you choose to pay for a service.

• Prototype and design services can be very helpful in making sure that your creation is optimized for manufacturing and ultimately affordable and valuable for the end user.
• Coaching services are often a good choice to have another set of eyes on your project to provide valuable feedback and strategy suggestions.  They can also help you with licensing negotiations.
• Graphics design companies can help portray the value of your idea through pictures and video in creative ways that appeal to your audience.
• Patent agents and attorneys can perform patent searches and apply for the proper types of intellectual property protection.
• Contract attorneys can help with licensing agreements and other types of contracts.

Before approaching a vendor, do your homework.  Use resources like Youtube and Google to understand exactly what is needed for your project.  Benchmark pricing, specialty skills and customer reviews from 3 or more vendors.  This information will prepare you for discussions or quotes with potential vendors.

Before discussing your inventive idea with any vendor, it is important to make sure and have a signed non-disclosure agreement (NDA) to assure that your intellectual property is protected and kept confidential.  Remarkable Venture listings are a great tool to accomplish this.  Each listing has a built-in NDA.  Send your vendor a link to the listing prior to your initial consultation and make sure you received the signed NDA to discuss openly.

Ready, Set, Strategize

Before you begin inventing it is important to have a strategy in place that matches your abilities and needs:

• Decide how much money you are willing to spend and how much time you are willing to dedicate to your idea.  These two factors will help you decide what strategy to use and what parts of the method you should have professionals help with.
• Learn enough about the entire method so that you can determine which steps you can do on your own and which steps need to have professional help to complete.
• Learn how to develop a strategy that best fits your idea, works well in your product category, and meets your expectations.

Unveil Your Ideal Partner

Once you’ve added the appropriate level of value to your idea, it’s time to get the it to the right company or team that can execute and take it to market.  This is where value is transformed into profit.

A Remarkable Venture Listing can help.  The listing showcases the innovation by highlighting the value and benefits.  Listings can be advertised and shared directly with companies or entrepreneurs seeking innovation in your category.  Listings are designed to be easily searched and clearly staged, allowing companies to quickly identify their best fit. From there they request Contact through the listing.  Contact information is emailed directly to you for an initial discussion.

Leverage Smart Strategies

Normally an invention would need a patent to publicly advertise, in order to keep others from freely copying the idea.  Some choose to use up front patents but Remarkable Venture gives you the option to avoid this need by utilizing a special advertising method that is proven to be effective, combined with a non-disclosure agreement built into the listing.  The combination attracts the right companies and protects the idea allowing inventive ideas to be safely advertised early in the development process which saves time and avoids expense.

Listings are effective without giving away your secret intellectual property.  Then, protected information is discussed privately with the inquiring party.  So, you can safely and effectively list your inventive idea for sale or licensing, or you can list your idea to find partners or investors and start your own business.  You choose any of these options, with or without a patent.