A very important thing to perform is start reading! There are lots of books out there which will help the solo inventor establish a road map of idea to creation. I just found a novel today titled “Hardcore Inventing” by Ellie Crowe.
Acquiring a trustworthy patent attorney is a good idea but make certain your product is feasible before spending money on Patent A Product. Final patents may cost from $7 – 10K. Using the USPTO site is an easy way to look for prior art that could hinder your patent. It is possible to write the actual patent application through the help of site LegalZoom but I would let it rest to your patent attorney to do the actual claims. This is the most essential part of the application. I would look for a patent attorney that charges not more than $250/hour.
Did you know that QVC presents 1150 products each week and approximately 286 turn out to be new to their viewing audience? This means that in case you have a brand new product or invention, they might be looking for you right now. Can you imagine the amount of products they have to see to find 286 that are worthy to become on-air? Should you take into account that only 1 in 11 infomercials is a winner and assume the identical percentage for a shopping channel like QVC, then they would need to see 3146 products to be able to pick out 286. This means they may be actively looking for great products and inventions.
Were you aware that Best Companies make use of an Agent to Get on QVC? Joan Rivers, Donald Trump, Paula Abdul, Tony Robbins, Ron Popeil – all of them use agents to obtain on QVC. Not because they’re too big, but because they know that the relationships agents need to QVC buyers are definitely the way to succeed. It really is estimated that 70% in the jobs people get are normally found through someone they know, so just why should networking your way into selling on QVC be any different. Why reinvent the wheel? When the big guys are employing Patent Invention to open the door to them and secure an order order for their products or inventions why shouldn’t you?
QVC is definitely the largest Home Shopping Channel on earth reaching over 165 million viewers worldwide. With this much possibility of your product or service on the line, you can bet the competition to get on QVC is fierce. Nick Romer, bestselling author of “Make Millions Selling On QVC,” says that it’s harder to obtain on QVC than to have in a movie with Al Pacino or Robert DeNiro and knowing someone with all the right connections could drastically speed the right path to marketing towards the masses.”
The reason a lot of companies arrived at QVC making use of their products is since it is a fundamental element of their marketing campaigns. They utilize QVC to kick-off their product since they will make money by selling their product, and also the airtime is Free. So, selling your products or services on QVC is much like using a commercial on national television but without the expense of having to pay for it
Locate an agent which has experience that will help you. Start by contacting your neighborhood chapter of S.C.O.R.E. to determine if anyone there has connections to a QVC Agent or Rep. You can also exhibit at invention caorxr and industry tradeshows. They often attract QVC buyers and agents and you may obtain a summary of attendees from the sponsor of the tradeshow to determine if any agents from your shopping channels will be in attendance.
Also a good resource to find potential manufacturers online is ThomasNet. If you are considering licensing your product then you may want to contact local manufacturers which make products similar to yours. Make sure you make use of a NDA (non-disclosure agreement) on everything you do. You will get one of those for approximately $15 at LegalZoom.
In terms of funding… If it is the initial go around odds are Inventhelp Caveman must emerge from your wallet. If you can receive an angel investor to actually have confidence in your idea then exercise a royalties plan together but ensure you put a cap onto it. A typical site you can search for angel investors on networking site GoBigNetwork, funding groups on LinkedIn, and tech startup site Vator.tv.