The best thing to do is start reading! There are lots of books out there that can help the solo inventor establish a road map of idea to creation. I actually picked up a magazine today titled “Hardcore Inventing” by Ellie Crowe.
Getting a trustworthy patent attorney is a good idea but make certain your products or services is feasible before investing in New Inventions. Final patents can cost between $7 – 10K. Using the USPTO site is an easy way to find prior art that may affect your patent. It is possible to write the actual patent application with the help of site LegalZoom but I would let it sit to your patent attorney to perform the actual claims. This is an essential portion of the application. I might try to look for a patent attorney that charges no more than $250/hour.
Did you know that QVC presents 1150 products per week and approximately 286 of them are brand new to their viewing audience? This means that for those who have a new product or invention, they might be looking for you today. Are you able to imagine the amount of products they must see to discover 286 which are worthy to become on-air? Should you take into consideration that only 1 in 11 infomercials is a winner and assume the same percentage to get a shopping channel like QVC, then they will have to see 3146 products to be able to choose 286. What this means is they may be actively looking for great products and inventions.
Were you aware that Most Successful Companies make use of an Agent to Get on QVC? Joan Rivers, Donald Trump, Paula Abdul, Tony Robbins, Ron Popeil – them all use agents to obtain on QVC. Not because they’re too big, but because they already know that the relationships agents must QVC buyers are the way to succeed. It is estimated that 70% of the jobs people get are normally found through someone they know, so just why should networking your way into selling on QVC be different. Why reinvent the wheel? When the big guys are using Patent Invention to open the door for them and secure a purchase order for their products or inventions why shouldn’t you?
QVC will be the largest Home Shopping Channel on the planet reaching over 165 million viewers worldwide. With this particular much possibility of your products or services on the line, you are able to bet your competition to get on QVC is fierce. Nick Romer, bestselling author of “Make Millions Selling On QVC,” states that it’s harder to get on QVC than to obtain 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 for the masses.”
The reason most companies visit QVC using their products is as it is an important part of their marketing campaigns. They utilize QVC to kick-off their product since they can Make money by selling their product, and The airtime is Free. So, selling your product on QVC is like having a commercial on national television but without the cost of having to pay for it
Locate an agent which has experience which will help you. Begin by contacting your neighborhood chapter of S.C.O.R.E. to see if anyone there has connections to your QVC Agent or Rep. You can also exhibit at invention caorxr and industry tradeshows. They often times attract QVC buyers and agents and you could obtain a summary of attendees from your sponsor in the tradeshow to find out if any agents from the shopping channels are usually in attendance.
Additionally a good resource to find potential manufacturers on the internet is ThomasNet. If you are considering licensing from the product then you might want to contact local manufacturers that make products similar to yours. Be sure you use a NDA (non-disclosure agreement) on anything you do. You will get one of those for about $15 at LegalZoom.
As far as funding… If it is the first go around odds are How To Submit A Patent will have to come out of your pocket. If you can have an angel investor to truly believe in your idea then work out a royalties plan along with them but ensure you put a cap onto it. A standard site you can look for angel investors on networking site GoBigNetwork, funding groups on LinkedIn, and tech startup site Vator.tv.