All new inventors are excited about what the future might bring once they get started with an invention idea. However, the prospect of embarking upon an invention journey as a new inventor can be daunting if you have no prior experience or knowledge of the industry. As such, there are lots of people who have great invention ideas but give up before they have even started simply because they have no idea how to move forward with their idea and what they need to do next.
The good news is that there are providers that can assist new inventors and guide them through their first experience in the world of new inventions. Among the providers that offer services to new inventors is InventHelp, and this is a company with a long history and a solid reputation within the industry. For many new inventors, choosing the right provider for support and assistance can be confusing, as they have no experience within the industry. This is why it is important for any new inventor to ensure they conduct proper research and learn as much as possible about the provider they are considering using.
If you are considering turning to the experts at InventHelp for assistance as a new inventor, you can learn more about the company in many ways. It is important to look at what the provider can do for you and how it can benefit you, as well as looking at things such as reputation, experience, and overall suitability. From patent protection assistance to help with prototype creation, there are many different ways in which InventHelp can assist you, and by taking the time to learn more about the provider, you will find it much easier to make an informed decision.
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In this article, we will learn more about InventHelp and its new invention services, as well as finding out more about what other new inventors think about the provider. This will make it easier for you to find out more and gives you a better idea of what to expect.
What Other Inventors Are Asking
One of the simplest ways to learn pertinent information about this or any other invention services company is to look at what other new inventors have been asking. The chances are that, as a new inventor, you will have the same sorts of questions and queries, so looking at common ones along with the answers can prove invaluable. So, below are some of the common questions that new inventors ask about InventHelp and its services: How do I Sell my Idea for an Invention?
Selling your idea for an invention typically involves a strategic approach to attract potential buyers or licensees. Here are some steps to consider:
- Document your invention: Prepare detailed documentation that clearly explains your invention, including its features, benefits, and potential applications. This documentation will serve as your marketing and communication tool when presenting your idea to potential buyers.
- Conduct market research: Evaluate the market demand and potential profitability of your invention. Identify potential industries, companies, or individuals that could be interested in your invention based on its relevance and benefits.
- Protect your intellectual property: Consider securing intellectual property protection for your invention, such as patents, trademarks, or copyrights. Having legal protection can enhance the value of your invention and provide a competitive advantage when negotiating with potential buyers.
- Create a prototype: If feasible, develop a prototype of your invention to showcase its functionality and potential. A prototype can be useful for demonstrating your invention to potential buyers and validating its market viability.
- Prepare a pitch: Craft a compelling pitch that effectively communicates the uniqueness and value of your invention. Highlight its features, benefits, market potential, and competitive advantages. Tailor your pitch to resonate with the specific interests and needs of potential buyers.
- Identify potential buyers or licensees: Research and identify companies, manufacturers, investors, or individuals who may be interested in your invention. Look for businesses or individuals operating in related industries or those that have a track record of innovation and acquiring new ideas.
- Network and attend industry events: Participate in trade shows, conferences, and networking events relevant to your invention's industry. This provides opportunities to showcase your invention, meet potential buyers, and establish connections with industry professionals.
- Pitch your invention: Approach potential buyers or licensees with your pitch and offer to discuss the details of your invention. This can be done through direct outreach, networking connections, or by utilizing online platforms that connect inventors with potential buyers.
- Negotiate agreements: If there is interest from a potential buyer or licensee, engage in negotiations to establish terms of the sale or licensing agreement. This may include discussions on financial compensation, royalties, exclusivity, and other relevant terms.
- Seek legal guidance: It is advisable to consult with a qualified intellectual property attorney or business lawyer to navigate the legal aspects of selling your invention. They can provide guidance on negotiations, contract drafting, and ensuring your rights and interests are protected.
Remember, selling an invention idea can be a complex process, and success is not guaranteed. Patience, persistence, and effective communication are key. It is also important to be cautious and protect your idea during the selling process by signing non-disclosure agreements (NDAs) when necessary. How do I Submit my Invention Idea to a Company?
Submitting your invention idea to a company typically involves a structured approach to ensure proper communication and protection of your idea. Here are some steps to consider:
- Research the company: Identify companies that operate in the industry relevant to your invention. Look for companies that have a history of innovation or a product line that aligns with your invention.
- Prepare a professional presentation: Create a professional presentation that effectively communicates your invention idea. Include information such as the problem it solves, the benefits it offers, its market potential, and any supporting visuals or prototypes you may have. Make sure your presentation is clear, concise, and visually appealing.
- Protect your intellectual property: Consider protecting your invention through intellectual property rights, such as filing a patent application or obtaining a provisional patent. Having legal protection can provide you with leverage and confidence when discussing your idea with potential companies. It also demonstrates your seriousness about protecting your invention.
- Research submission guidelines: Visit the company's website or contact their innovation or product development department to understand their submission guidelines. Some companies have specific procedures or forms for accepting and reviewing invention ideas. Adhering to these guidelines demonstrates professionalism and increases the likelihood of your idea being considered.
- Prepare a non-disclosure agreement (NDA): Before disclosing detailed information about your invention, it is wise to have a well-drafted NDA in place. An NDA is a legal contract that protects your idea and ensures that the company will keep your information confidential. You can create an NDA yourself or seek legal assistance to draft one.
- Submit your invention proposal: Follow the company's submission guidelines and submit your presentation, along with any required documents or forms. Clearly state your intention to protect your idea with an NDA and request that it be signed before sharing detailed information.
- Follow up and track progress: After submitting your invention idea, follow up with the company to confirm receipt and inquire about the evaluation process and timeline. Respect any communication protocols they have specified and be patient while awaiting a response.
- Be open to negotiations: If the company expresses interest in your invention, be prepared to engage in negotiations. Discuss potential licensing agreements, royalties, or other forms of compensation. Seek legal advice to ensure that any agreements protect your rights and interests.
Remember, each company may have different procedures and requirements for accepting invention submissions. It is essential to thoroughly research and follow their specific guidelines to increase your chances of getting your idea reviewed. Additionally, consulting with an intellectual property attorney can provide guidance on protecting your idea and navigating the submission process. Do I need a Patent to Sell my Invention Idea?
No, you do not necessarily need a patent to sell your invention idea. While having a patent can provide certain advantages and increase the value of your invention, it is not a requirement for selling your idea. Here are a few considerations:
- Trade Secrets: If your invention can be kept as a trade secret, you may choose not to pursue patent protection. By keeping the invention confidential and disclosing it only to potential buyers under a non-disclosure agreement (NDA), you can maintain a competitive advantage. However, it's important to note that trade secrets are subject to protection only as long as they remain confidential.
- First-to-Market Advantage: Being the first to bring an innovative product or idea to the market can provide a competitive edge. If you can swiftly develop and commercialize your invention before competitors, you may be able to establish market dominance without relying on a patent.
- Licensing or Assignment: You can consider licensing or assigning your invention idea to a company or individual who has the resources and expertise to bring it to market. In this case, the buyer or licensee may have the means to pursue patent protection and leverage the patent rights to commercialize the invention.
- Early-stage Sales: In some cases, inventors may choose to sell their invention ideas at an early stage, before seeking patent protection. This can involve selling the idea conceptually or as a prototype. However, it's crucial to have appropriate legal agreements, such as NDAs, in place to protect your interests during these discussions.
While not having a patent may expose your invention to potential competition, it does not prevent you from selling or licensing your idea. However, it is important to weigh the risks and benefits of pursuing patent protection based on the specific circumstances of your invention and the market you are targeting.
Consulting with a qualified intellectual property attorney can provide valuable guidance on the best approach for protecting and commercializing your invention idea. They can help you assess the potential risks and benefits associated with patents and explore alternative strategies for selling or licensing your invention. How do I License my Invention Idea?
Licensing your invention idea involves granting permission to another party (a licensee) to use, manufacture, or sell your invention in exchange for compensation, typically in the form of royalties or licensing fees. Here are the steps to consider when licensing your invention idea:
- Protect your invention: Before entering into any licensing discussions, it's advisable to protect your invention through intellectual property rights, such as patents, trademarks, or copyrights. Having legal protection enhances the value of your invention and provides leverage during negotiations.
- Conduct market research: Evaluate the market potential and identify industries or companies that could benefit from your invention. Research potential licensees that operate in those industries and have a track record of innovation or products related to your invention.
- Prepare a licensing proposal: Create a comprehensive licensing proposal that includes information about your invention, its unique features and benefits, market potential, and proposed licensing terms. Clearly outline the scope of the license, territories, duration, royalty rates, and any other conditions you deem important.
- Identify potential licensees: Reach out to potential licensees who may be interested in your invention. This can be done through networking, industry events, trade shows, or direct outreach. Tailor your approach to each potential licensee, highlighting how your invention aligns with their business goals or product portfolio.
- Engage in negotiations: When a potential licensee expresses interest, engage in negotiations to finalize the licensing agreement. Negotiate terms such as royalty rates, upfront fees, exclusivity, sublicensing rights, reporting requirements, and any other relevant aspects. It's advisable to consult with a lawyer specializing in intellectual property or licensing to ensure your interests are protected.
- Draft a licensing agreement: Once the key terms are agreed upon, work with a qualified intellectual property attorney to draft a comprehensive licensing agreement. This agreement outlines the rights and responsibilities of both parties and provides legal protection for both parties' interests. Include provisions for termination, dispute resolution, and any necessary confidentiality clauses.
- Execute the licensing agreement: Review the final licensing agreement with the licensee, and once both parties are satisfied, sign and execute the agreement. Ensure that all necessary legal requirements, such as notarization or witnessing, are met as per the applicable jurisdiction.
- Monitor compliance and receive royalties: After the agreement is executed, monitor the licensee's compliance with the terms of the licensing agreement. Keep track of sales and usage of your invention to ensure accurate reporting and royalty payments. Maintain clear communication with the licensee and address any issues or concerns promptly.
Remember, licensing your invention idea requires careful consideration of your invention's value, market potential, and licensing terms. Seeking guidance from a qualified intellectual property attorney or licensing professional can help you navigate the process and negotiate favorable agreements. Who will Buy my Invention Idea?
Several potential buyers may be interested in purchasing or licensing your invention idea. The specific buyer will depend on various factors, including the nature of your invention, the industry it pertains to, and its market potential. Here are some potential buyers to consider:
- Companies in related industries: Companies operating in industries related to your invention may be interested in acquiring new technologies or expanding their product lines. Research and target companies that have a history of innovation or products that align with your invention.
- Manufacturers: Manufacturers that specialize in producing goods or components relevant to your invention may be interested in acquiring or licensing your idea. They can leverage their production capabilities and distribution networks to bring your invention to market.
- Startups and entrepreneurs: Startups and entrepreneurs who are seeking innovative ideas to build their businesses may be interested in acquiring or partnering with inventors. They may have the resources and drive to commercialize your invention and bring it to market.
- Investors and venture capitalists: Investors and venture capitalists who focus on technology or product development may be interested in investing in promising inventions. They can provide funding, resources, and business expertise to help develop and commercialize your invention.
- Licensing agents and brokers: Licensing agents or brokers specialize in connecting inventors with potential licensees or buyers. They have industry contacts and expertise in negotiating licensing agreements. Engaging a licensing agent can help you reach a broader network of potential buyers.
- Direct consumers: In some cases, your invention idea may have direct consumer appeal. If you believe your invention has significant market potential and can be marketed directly to consumers, you may consider selling it directly to the end-users or exploring crowdfunding platforms.
It's important to conduct thorough market research and identify potential buyers who have the resources, expertise, and interest in your specific invention. Networking, attending industry events, and utilizing online platforms that connect inventors with potential buyers can help you find the right buyer for your invention idea.
Consulting with a qualified intellectual property attorney or business advisor can provide valuable guidance on identifying potential buyers and structuring agreements that protect your interests and maximize the value of your invention.
What is InventHelp?
Obviously, one of the key things new inventors want to know is exactly what is InventHelp and what the company does. Well, this is a provider that specializes in packaged services for new inventors, which encompasses a range of services as well as support and guidance. The company has been helping new inventors for decades and has a strong presence in 65 cities across the United States and Canada.
InventHelp is an established provider, and the team there provides help with a wide range of processes involved in new inventions. This includes assisting with patent protection, prototype creation, getting new inventor ideas reviewed, assisting with marketing, and much more. Many new inventors turn to the provider because of the high level of support and guidance offered as well, which can make a big positive difference to their invention journey and first experience.
How Long Has InventHelp Been Around?
As a new inventor, you naturally want to work with a service provider with adequate experience and a great track record. As such, many new inventors want to know how much experience the company has and how long it has been around. Well, the good news is that this company is well established and has been around since 1984. With decades of experience in the new inventions industry, it has become a popular choice among new inventors looking for support, guidance, and practical assistance to move forward with their invention idea.
The company has offices in over 65 cities in the USA and Canada, and the expert teams have indepth experience and knowledge when it comes to working with new inventors. The provider has built on its reputation over the years, which has enabled it to enjoy ongoing success since the mid-1980s, and this is something that many new inventors find very reassuring. The longevity of the provider means that you can expect to work with a company and professional with extensive experience and a solid track record in the world of new inventions.
Does InventHelp Have a Good Reputation?
It is natural for any new inventor to be worried about ending up with a disreputable provider, but it can be difficult to determine which ones are reputable if you are new to the industry. One thing that a lot of new inventors want to know is whether InventHelp has a good reputation, and fortunately, the answer is yes.
In fact, many view the fact that the provider has been around for close to four decades as a testament to its reputation. Of course, it is always important to do your research and learn as much as you can about the provider before you make any decision, and this will make it easier for you to find out more about how reputable it is as well as being able to make a more informed decision based on the experiences of others. Taking some time to check out reviews from other new inventors as well as look at testimonials from those who have already used the provider will enable you to learn more about what to expect and what the reputation of the company is like.
What Sorts of Inventions Can InventHelp Assist With?
New inventors come up with all sorts of incredible ideas, but many do not approach a new inventions services provider with their idea because they are unsure whether they can help. One of the things many new inventors are keen to find out is what types of invention ideas InventHelp can assist with, and the good news is that they deal with all sorts of invention ideas spanning a plethora of industries. So, no matter what sort of idea you have for an invention, you can speak to the team to find out how they can assist.
In the past, InventHelp has assisted new inventors with all sorts of invention ideas in industries ranging from medical and science to technology and more. The provider has helped many inventors to move forward with their ideas, no matter what sort of product and industry it relates to. So, whatever sort of invention idea you have, you can approach the team at InventHelp with a view to getting support, guidance, and assistance.
How Does InventHelp Assist New Inventors?
Of course, one of the key things that all new inventors want to know if they are considering using InventHelp is how the provider can help them to move forward. It can be a daunting prospect for new inventors with no experience to think about moving forward with their invention idea, and many are keen to get as much support and assistance as possible in order to do this. Fortunately, InventHelp offers a comprehensive service to new inventors, with a range of assistance that can prove invaluable in many ways.
Among the things that the company can do for you are:
Providing access to a database with thousands of companies that are happy to review the ideas of new inventors
Providing assistance with getting patent protection into place for your invention
Helping to create a prototype of your invention
Offering services for marketing
Providing connections to try and get funding
Offering support and guidance throughout your invention journey
Providing access to a range of resources and tools for new inventors
Of course, you also get to benefit from a high level of guidance and support from the experts at InventHelp, and this can go a long way toward helping you as a new inventor. It means that you can stay on track with greater ease, you are less likely to feel like giving up on your dreams, you will feel more confident about moving forward, and you always have someone to turn to if you need support. For any new inventor, this can mean a far more enjoyable first experience rather than one that is fraught with worry and stress.
Will My Invention Idea Be Reviewed?
Having an invention idea is one thing, but you also need to be able to get it reviewed by business professionals that are in the relevant sector depending on the type of invention idea you have. This is something that can be hugely challenging for new inventors with no industry connections or links, but InventHelp can assist with this thanks to its huge database of companies that are eager to review the invention ideas of new talent.
The database that is held by InventHelp includes thousands of companies that are willing and keen to look at the ideas that new inventors have come up with. This means that as a new inventor you can overcome a massive hurdle, as you will already have businesses that are able to review your invention idea. For many new inventors, this is a huge benefit, as it means that they can more easily move forward with their invention journey because there are already companies on hand that are willing to take a look and review it.
Can I Get an Opinion on My Idea from InventHelp?
One of the other things that a lot of new inventors are keen to find out is whether the team at InventHelp will offer their own opinions on their invention ideas. Naturally, when you come up with an idea as a new inventor, you want to know what others think, and this is something that you can do by asking friends, family members, and perhaps even running it by people on social media. Of course, the companies on the InventHelp database can also review your invention idea.
However, one thing that you cannot get is an opinion from the team at InventHelp, as it would be unethical for them to do this. Imagine ending up with a company that tells you your idea is great just to get you on board – that is the last thing you need. All InventHelp staff remain impartial with regard to your invention idea. They will provide you with support and guidance as well as practical help, but they cannot and will not provide you with their personal opinion on your invention idea.
Will I Definitely Achieve Success with InventHelp?
As a new inventor, one of the things you probably dream about is achieving huge success and the fortune and even fame that comes with this. However, you need to be thick-skinned as an inventor, and this is because there is always a chance of failing and never a guarantee of success. Some people might think that going through a specialist provider such as InventHelp means that success is a foregone conclusion, but this is most definitely not the case!
In the world of inventions, there are no guarantees when it comes to success, so nobody at InventHelp will ever promise that you are going to succeed. In fact, any company that does make this promise should be avoided, as there is no way they can possibly predict the success of your invention. Even established inventors with globally used products still have failed products as well, so you must never assume that your invention is going to be a success.
What Are the Benefits of Using InventHelp?
It is important as a new inventor to be aware of the benefits of using a new invention services provider, as this then makes it easier for you to make an informed decision with regard to whether you require this type of service. When you turn to InventHelp, you will benefit from a wide range of assistance and support, as outlined earlier in this article. This means that you can benefit in many ways, and this is why so many new inventors decide to use the services of the provider.
Some of the main benefits that come with using this provider as a new inventor are:
Access to a database of companies that can review your new invention idea, which overcomes a huge hurdle for new inventors
Support and guidance from experts in the field, making your first journey far less stressful
Increased confidence, as you always have someone to turn to
A reduced risk of giving up on your invention dreams, as you always have support
Help with getting patent protection in place
Assistance with the creation of a prototype
Help when it comes to marketing your new invention
Assistance if you need to make connections for funding
Access to a wide range of tools and resources
The experience and expertise of professionals who have been in the industry for years
The confidence that comes with using a reputable company with a solid background in the industry
Proven track record that has been forged over decades
Ability to get help with any type of invention idea
Transparent service and total honest from the team
Reassurance that your details and information your invention are safe and protected
These are some of the many benefits that you can look forward to when you use this provider as a new inventor.
Are the Details of My Idea Safe with InventHelp?
Many new inventors are naturally very protective when it comes to their invention idea, and they want to be sure that the details will remain safe and secure if they go through a provider to assist them with moving forward with their invention idea. Some are concerned that if a lot of people at a company have access to the details of their invention idea, the details could fall into the wrong hands.
With InventHelp, you have the reassurance that all of your personal details and information about your invention idea are completely safe and secure. This is something that InventHelp is very stringent about and has various protocols including confidentiality agreements in place to help protect its clients. So, when you use this provider, you do not have to worry about the security of your information or risks of your idea being leaked to others.
Will InventHelp Assist with Patenting my Invention Idea?
Many new inventors know little to nothing about the patenting process, but this is a very important part of your new invention journey. Patenting provides the legal protection you need to ensure that others do not try to claim your idea as their own, and it is important to get patent protection into place as soon as you can. However, as a new inventor, you might not know where to start with this – this is where the assistance of InventHelp can prove invaluable.
When you go through InventHelp for your first invention journey, you will have professionals on board that can refer you to an expert and experienced patent lawyer. This means that patent searches can be carried out, and patent protection can be put into place when it comes to your new invention idea. It is vital that you have a legal specialist with expertise in patent law to deal with this, and with the assistance of InventHelp, this is exactly what you will get.
Can InventHelp assist with an Invention Prototype?
As a new inventor, you might be wondering how you can showcase your invention to others. You might be looking to impress businesses or potential investors with your invention, but simply talking about it might not be enough. This is why it is important to have something tangible to show to others, and having the right prototype can make a big positive difference. It means that you can show others what your invention looks like, how it works, and what it does, which can help to generate far more interest than simply talking about it.
There are various different prototype options you might be able to consider when it comes to your invention, and InventHelp can assist when it comes to creating the ideal one. They have teams of designers and experts that can assist you, so you can then benefit from having an impressive prototype that could pique the interest of business owners, buyers, investors, and others.
Does the InventHelp Team Assist with Marketing?
One of the things that new inventors often overlook is the importance of marketing their invention. This is something that is vital if you want to raise awareness and generate more interest in your invention, but as a newbie to the world of new inventions, you might not have any idea where to start. If you have no experience with marketing or the new inventions process, this can be a daunting and challenging task.
This is why a lot of new inventors are keen to find out whether InventHelp can assist when it comes to marketing, and the expert teams at this company can help you. The provider can offer access to marketing services and help you to create the ideal marketing campaigns for your new invention. This can make things far easier and less stressful for you and means that you can develop the perfect marketing campaign.
Can InventHelp Help Me to Get Funding?
Funding is another thing that a lot of new inventors need to look into, and it can be difficult to work out where to go or who to approach in order to try and get funding and financial support. Again, InventHelp can assist you with this, as they can connect new inventors with potential investors, which enables you to overcome the huge hurdle of trying to work out who to speak to about getting funding.
Trying to get funding for your new invention can be extremely stressful when you do not have experience or connections. However, with the support of InventHelp, this can become far easier, and you will be able to boost your chances of funding success for your new invention. The team can even help you with preparing pitches to help you to increase the chances of success, and having a prototype can also help you to impress potential investors.
What Is the Cost of Using InventHelp?
All new inventors need to consider the cost of moving forward with their invention idea, and this is something that can vary from one invention to another. Naturally, new inventors are keen to find out how much it will cost them to use the services of InventHelp, and it is important to keep in mind that this can vary from one project and invention to another.
Fortunately, you can get clear information about how much you will pay once you have approached and discussed your invention idea with the team. As a provider that prides itself on honesty and transparency, you will not have to worry about hidden costs later on down the line. Instead, you can find out what the cost will be, and you can avoid the stress of financial shocks later on, as you will know all the costs involved upfront.
InventHelp Reviews and Testimonials
One of the vital things you should do before you decide whether InventHelp is the right provider for you is to check out reviews and testimonials left by other new inventors that have already used the provider’s services. So, let’s take a look at some recent ones that have been submitted:
“It has been nearly 2 years since I decided on contacting INVENTHELP. From the very first meeting to writing this today it has been a wonderful experience, every time I write an e-mail they quickly respond and answer all of my questions. They are the very best.” – Dan, FL
“This company was amazing, professional, and guided me step by step. I’m so excited to get my product underway and I couldn’t have done it without the team at InventHelp. Would highly recommend to any inventor!” – Galvin, MD
“I am using InventHelp for the first time. The team at InventHelp has provided exceptional service for my invention. Everyone is engaged and responsive. I have chosen the full service to get from idea to patents, to prototyping and marketing. I am very pleased with the entire process and strongly recommend InventHelp to anyone who has a good idea… NC.” – Norbert, TX
Start Your Invention Journey
As you can see, there are lots of benefits that you can expect when you turn to InventHelp, so it is a great option if you want to get started with your new invention journey. However, always be sure to carry out plenty of research before you make any decisions, as this will make it easier for you to make the right choices. You can then move forward with your new invention idea with greater confidence and peace of mind.