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Selling an invention idea?

Selling an invention idea? Topic: How to write a non binding offer
June 20, 2019 / By Kayleah
Question: So I came up with an invention idea and I made a non-working model of it. I made a sell sheet. and I am looking into getting a license/patent for it. Can anyone help me with what to do next. It is an electronic. How do I find companies to try and sell it to? And if i do find companies what do i do from there - call, write them?
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Best Answers: Selling an invention idea?

Hope Hope | 5 days ago
The first thing you should do is document your idea (ie. write it down). Not just a sentence or two. You should write something called a patent disclosure. It doesn’t need to be a novel, but take some time to think through some of the details, including how your device is made. And even if you can’t draw more than stick figures, make a few sketches. Ideally, this is done in a bound notebook with pre-number pages which are available in any office supply or stationary store. The written description should enable someone with expertise in the field, to make and use your product. Every time you work on your device, note it in your notebook, with dates. Update your notebook with new entries relating to any new developments, analyses, tests, results and descriptions of prototypes. Have at least one independent party witness your notebook entries with their signature and date. When you are ready to file a patent application, hiring a patent attorney is probably your best bet. But, if you don't have the money, you may want to file a provisional patent application with the U.S. Patent & Trademark Office (www.uspto.gov). The provisional application fee is only around $100. The provisional application will give you 1 year before you need to file a full application. So, it doesn't replace the application, just delays the expense of a full application. If you can afford it, it would be best to use a patent attorney for the provisional application as well. You can do it yourself but it is important that you prepare the application in the proper way and with good attention to detail. There are many books on the process. One good one; "Patent it yourself" by Pressman. Before you spend the considerable cost (typically 5 to 10 thousand $) for a patent application by an attorney, you should search to see what other patents already exist. You can do some searching yourself for free at the USPTO search site: http://patft.uspto.gov/ If you find searching difficult or confusing, you can pay a patent attorney or agent to conduct a search, but that may cost several hundred to a few thousand depending on the area of your invention. Showing your invention to a knowledgeable party can be a good idea to help determine if its worth the effort and money but make sure they sign a nondisclosure agreement first. An attorney can prepare one for you if you don't have access to one. BTW, don't bother mailing the disclosure to yourself. That is a myth. It does not really protect your idea. Be careful with the invention assisting companies that offer to market your inventions to companies. Most of them are basically scams to get you to pay a fee. All many of them do is repackage the materials you provide and then mail them to companies. That you could do yourself but it isn't likely to get you a license.
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Hope Originally Answered: How do I protect a potential invention?
The first thing you should do is document your ideas (ie. write them down). Not just a sentence or two. You should write something called a patent disclosure. It doesn’t need to be a novel, but take some time to think through some of the details, including how your device is made. And even if you can’t draw more than stick figures, make a few sketches. Ideally, this is done in a bound notebook with pre-number pages which are available in any office supply or stationary store. The written description should enable someone with expertise in the field, to make and use your product. Every time you work on your device, note it in your notebook, with dates. Update your notebook with new entries relating to any new developments, analyses, tests, results and descriptions of prototypes. Have at least one independent party witness your notebook entries with their signature and date. When you are ready to file a patent application, hiring a patent attorney is probably your best bet. If you funds are limited, you can consider filing on your own. But, it is important that you prepare the application in the proper way and with good attention to detail. There are many books on the process. One good one; "Patent it yourself" by Pressman. In addition, you may want to file a provisional patent application with the U.S. Patent & Trademark Office (www.uspto.gov). The provisional application fee is only $110. The provisional application will give you 1 year before you need to file a full application. So, it doesn't replace the application, just delays the expense of a full application. If you can afford it, it would be best to use a patent attorney for the provisional application as well. Before you spend the considerable cost (typically 5 to 10 thousand $) for a patent application by an attorney, you should search to see what other patents already exist. You can do some searching yourself for free at the USPTO search site: http://patft.uspto.gov/ If you find searching difficult or confusing, you can pay a patent attorney or agent to conduct a search, but that may cost several hundred to a few thousand depending on the area of your invention.

Edit Edit
From what you are saying it seems you are still at the drawing board... Invest some money, make a prototype, get a patent, and then try to sell it to other companies or do the following: - try getting some investors to fund manufacturing for you - try getting some funds to manufacture yourself.... You will earn much more this way... I know a kid that came up with a thing in his own garage, spent his allowance into making a prototype and testing it, and he manufactured it into China.... He is rich right now, and has people older than him that can be his dads, calling him sir, and he shouts and rips on them the whole time. But you can't blame him, he's the CEO... go to http://www.texin.biz if you need more help about manufacturing ...
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Charissa Charissa
there are 'inventors' web content which you will placed up your theory's to. the important situation is that maximum companys you desire a working prototype to do something.. i had an incredible theory, yet didnt have any form of prototype, and at last some Ahole took my theory.
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