Feeds:
Posts
Comments

Posts Tagged ‘invention help’

Take an all-Inclusive trip to China to tour factories and learn manufacturing overseas. 

With our DRTV Summit quickly approaching, most of the talk around the water cooler here at InventionHome has been about the latest infomercial products… (honestly, can you believe that Happy Hot Dog Man??).  While we’ve been busy searching for inventions with the “Wow! Factor”, the United Inventors Association (UIA) has teamed up with China-2-West to wow us with an inventor’s dream trip. 

Any inventor interested in manufacturing his or her product should seriously consider signing up. The first 20 inventors will have the opportunity to learn about off shore manufacturing first hand through factory visits, educational seminars, and entry to the world’s largest product tradeshow in Canton.

When:  October 20 – 30, 2011

Includes:

o       Round trip airfare between New York or San Francisco and Hong Kong

o       Transportation in China

o       All hotel accommodations in 4 & 5 star hotels

o       3 meals per day

o       All access pass to Canton Products Show

o       Factory Tours

o       Inventor Education Seminars

o       Local Sight Seeing and Cultural Visits

The educational value alone would be worth the expense, but add the cultural experience of China to an already unbelievable deal and Wow! you have the trip of a lifetime! 

For More Information or to save your spot – Contact Eric Bouldin by email on eric.bouldin@china2west.com or by phone on 650-921-3088.

 

 

 

For help with your invention or patent call 1-866-844-6512

http://twitter.com/#!/Inventionhome

http://www.facebook.com/invention.home

http://mvelette.wordpress.com/

Read Full Post »

Chances are that if you own a television set, you have witnessed the phenomenon known as DRTV.  Called “direct-response television”, DRTV advertisements have the goal of generating instant action by the viewers, and they typically include a toll-free number and website address to facilitate orders.  Some famous examples of DRTV spots include the Snuggie®, PedEgg®, and who can forget the Ginsu Knife ads of the 1970’s?

If you are considering presenting your invention to a DRTV company, take some time to learn about the industry, develop your presentation to address their market needs, and also set yourself some appropriate expectations.  Here are some tips…

  1. Understand the market.  There are certain qualities that most DRTV products share.  Consider how your invention will stack up to these criteria and address them head-on in your presentation:
    • They fall in categories that appeal to very broad audiences, such as housewares/kitchen, cleaning devices, tools, fitness/exercise, weight-loss, and personal care.
    • DRTV products can be easily demonstrated, and that demonstration usually depicts some sort of problem-resolution…like demonstrating how one can become more beautiful, happier, skinnier, and the like. 
    • Price point is extremely important.   A product that sells on DRTV for $19.99 will ideally cost $4.00 or less to manufacture.   

 

  1. Put your best foot forward.  Convincing a DRTV company that your invention is the next multi-million dollar Snuggie is the goal.  The question is; are you putting your best foot forward to convince them to invest in your invention, which could potentially cost a DRTV company thousands in developing, manufacturing and marketing your invention, depending on where you are in the process. If your invention is not already developed, your best bet is to have either a high quality virtual design or working prototype, which can tangibly demonstrate your invention.   Even a basic or crude video of your invention can help in catching these companies’ attention.
  1. Be willing to let go.  Some inventors want to dictate the design, materials, even what factory the potential DRTV company must use.  Don’t let this be your downfall!  As mentioned above, DRTV products have extremely demanding price models due to the large sums of money spent both on developing the commercial and buying the television media/spots.  In most cases, the DRTV companies can achieve more competitive pricing from their factories than inventors can provide, based both on the companies’ clout and the sheer volume of product that they can potentially order.  Other things like product features, manufacturing materials, and accessories can also play a significant role in determining price, giving companies even more reason to maintain product control.

 

  1. Have Realistic Expectations!  Along with their well-defined pricing model, most DRTV companies have standardized license agreements for inventors with very little wiggle-room on royalty percentages.  Although their royalty levels may appear on the low end, consider these factors before saying no to a deal: 
    • Are you comparing apples to oranges?  There could be a BIG difference in how DRTV royalties are paid versus more “traditional” product royalties.  Since most royalties (at least in my experience) are based on net revenues, let’s consider what that means.
      • For a “traditional” distribution model, there could be many middlemen.  A company might sell their widget to a distributor for $8.  The distributor might sell to a retailer for $10.  The retailer might sell to consumer for $19.99.  In this example, an inventor royalty is based on the only cost the company actually controls, which is their net revenue of $8 (less any agreeable fees).
      • For a DRTV distribution model, the DRTV company might sell their gadget through a television ad, which targets the consumer directly, for $19.99.  Guess what?  In this scenario, the inventor royalty is based on $19.99! 
    • Consider the volume of product sold!  Successful infomercial products don’t just sell hundreds…or thousands of products.  They sell MILLIONS.  Enough said?

 

  1. Prepare yourself.  It’s widely understood in the DRTV industry that a large majority of products tested will actually fail, which is the nature of the business.  Many DRTV companies will say that “9 out of 10” products they test will fail, which is why they are interested in market testing many products to see which will ultimately succeed.  If you enter the deal with this knowledge and understand the odds, you could save yourself a lot of heartache if your product doesn’t ultimately succeed.

 

Best of luck to you as you navigate the DRTV arena!

Need help protecting, designing or marketing your invention?  Call 1-866-844-6512.

Read Full Post »

As an inventor with a new product idea (or improvement to an existing product), it’s important to understand the various types of protection that are available to you.  Let’s assume that your idea provides benefit and usefulness (not just a visual design) ~ you might consider filing either a non-provisional patent (a “Utility Patent”) or a provisional patent application.  Choosing which type of application should be based on individual circumstance, personal preference, and financial considerations, and the choice will vary from one inventor to another.

Here are 5 key benefits of filing a provisional patent application before filing a utility patent application.

1. Lower cost

 A provisional patent application can often times be prepared and filed for less than $600, where the preparation and filing of a typical utility application can cost $5,000 and up, depending on the complexity of the invention.

 

2. Easy to file

The application and process is significantly less complex than a utility application and can even be done by inventors themselves if they take the time to understand how to complete a thorough application. 

 

3. Immediate “patent pending” status

Since the patent office does not review or approve provisional patent applications, inventors can immediately use the term “patent-pending” once the application has been filed.

 

4. Provides 12 months before a utility patent would need to be filed

Although the provisional patent application is not a substitute for ultimately filing a non-provisional patent application, it provides the inventor with 12 months of valuable time to further develop or market the invention.  Why spend thousands on filing a utility application only to realize later that you need to make changes to your invention or that your invention is not going to sell/license.  You can use the 12 months to figure out if this expense is worth while or if you do find a company to enter into a license agreement with you, try to negotiate for the company to cover some or all of the cost of filing a utility patent.

 

5. Establishes priority date

Once your application has been filed, you have established a priority date for your patent.  This means that when and if you file a utility application, you will be able to claim the original provisional filing date.

It’s important to understand that even if you file a provisional patent application, you will still need to file a non-provisional application down the road if you wish to maintain patent protection. Think of the provisional patent application as a possible step in the patent process, but not the final step.

The provisional patent application establishes the filing date but does not start the USPTO review process.  The provisional patent application provides a measure of protection for 12 months from the filing date and expires unless you file a utility patent application before the 12 months are up. 

Whichever direction you ultimately decide, remember that research and self-education are invaluable to your success not only at this beginning stage, but also as you progress in the process of inventing.

If you need help with your invention call InventionHome at 1-866-844-6512.

Addtional info at…

http://mvelette.wordpress.com/

http://www.facebook.com/invention.home

http://twitter.com/Inventionhome

http://www.inventionhome.blogspot.com/

Read Full Post »

InventionHome is pleased to announce it has joined the United Inventors Association (UIA) in sponsoring the Inventors Zone at the 2011 Specialty Retail Entrepreneur Expo and Conference (SPREE) at the Venetian Hotel in Las Vegas on April 12 – 14.

The specialty retail industry covers cart and kiosk sales in malls and other venues.  With over 100,000 kiosks across the United States in malls alone, there is a pressing need for new products. The SPREE Show brings together industry professionals looking for new products and entrepreneurs with new products to sell or seeking to start their own business.

 

Who should attend the show?  Inventors with “retail ready” products interested in…

1. Exhibiting their inventions / products for opportunities to sell in carts, kiosks and gift shops. (Reserve your booth in the Inventors Zone by calling Debbie Lahti at (800) 936-6297 x 20.)

2. Educational sessions and networking events to learn more about the $12 billion specialty retail industry.

Exhibiting in the Inventors Zone

Entrepreneurs ready to take orders for their products should consider exhibiting.  Your product may be good for the specialty retail market if it a) requires an explanation and is easily demonstrated, or b) is a product that is already understood, like a t-shirt or food item.

For additional information on pricing and how to register for the SPREE Inventors Zone contact Debbie Lahti at (800) 936-6297 extension 20.  http://spreeshow.com/ 

When: April 12 – 14   /   Where: Las Vegas

If you need help with your invention call InventionHome at 1-866-844-6512.

Addtional info at…

http://mvelette.wordpress.com/

http://www.facebook.com/invention.home

http://twitter.com/Inventionhome

http://www.inventionhome.blogspot.com/

 

Read Full Post »

The second week of October proved to be an exceptionally busy week for InventionHome’s marketing & licensing department, which netted an incredible FOUR license agreements in one week!  With the additional four agreements finalized, InventionHome marketing and licensing successes now stand at 117.  2010 is shaping up to be their highest performance licensing year on record with a 100% growth rate over 2009.

The four agreements mentioned include products called the Bead Bender, Lawnmower D’Light, Step Ramps and Cargo Sling.  Each of the license agreements was born by the hard work and dedication of an independent inventor.  Two of the licensed inventions fall into the automotive/vehicle category.  They were both licensed to a company that focuses on motorsports products.  The company hopes to see both products on the market by third quarter 2011.  The third licensed product can best be described as a headlight for a lawnmower.  A company with strong ties to Home Depot, Lowe’s, Sears, etc. licensed the product with hopes that their customers will embrace the clever device.  Our fourth licensed product may be featured on a television infomercial coming soon!  We can’t disclose too many details.  Suffice it to say that the simple product will keep your car nice and tidy.

These four licenses exemplify the effectiveness of InventionHome’s marketing program.  Granted, not every invention is going to succeed.  But InventionHome has laid the framework to get invention details into the hands of key decision makers at thousands of companies.  By developing streamlined processes both to share invention details, and also to assist companies with any interest inquiries, InventionHome has become a respected resources for companies seeking new products for license.

Call 1-866-844-6512 for information on licensing your invention for royalties!

 

For more information about Invention Home you can visit the following websites – http://twitter.com/inventionhome, http://inventionhome.blogspot.com/, http://mvelette.wordpress.com/, http://www.facebook.com/invention.home

http://www.prnewswire.com/news-releases/inventionhome-launches-north-american-product-innovation-network-sm-99484469.html

Read Full Post »

What does that mean…National Inventors Month?  The designation was assigned back in 1998 by several organizations (the United Inventors Association, the Academy of Applied Science, and Inventors Digest magazine).  It is meant to honor those among us who think “outside the box”, and to encourage even more free thinkers to think freely! 

Here’s the thing…you don’t have to be a scientist, a genius or a millionaire to have a clever invention idea.  Good ideas can come from ANYONE.  Patrick Raymond, Executive Director of the United Inventors Association (UIA) comments:  “National Inventors Month is a time to reflect on all those crazy ideas you have while standing in the shower. Resolve to pick ONE and try to make it a reality that would have maximum positive impact on you and the world. Rinse, repeat.”

At InventionHome, we’ve developed a streamlined process to enable everyday people to take an idea and pursue it.  We assist thousands of busy people who work full-time jobs, raise families, or just aren’t interested in handling all the details themselves, and we do it with attention to superior customer service and providing exceptional value.  

To get started with you idea call 1-866-844-6512.

Now, to get us in the spirit of celebrating Your Month, we thought it would be fun to share a few fun inventor facts.

Did you know…

 

…that Henry Ford’s lawyer was advised by Michigan Savings Bank’s president NOT to invest in Ford Motor Company? He is quoted as saying, “The horse is here to stay, but the automobile is only a novelty, a fad.”

…that the formulas for both Cola-Cola and Silly Putty have never been patented?  Rather, both companies hold trade secrets which are shared only with their most trustworthy employees.  Both products have withheld the test of time…after many attempts to replicate the products, no one has yet succeeded.

…that Benjamin Franklin’s inspiration for bifocals came because he hated wearing two pairs of glasses?

…that Ivory Soap was accidentally invented when an employee left the soap mixing machine on too long? To hide the evidence of his mistake, he threw the mixture in a nearby stream. But he couldn’t hide the soap that floats – it floated to the surface, and the rest is history!

…that the Band-Aid® Bandage was truly a product of “necessity”?  A Johnson & Johnson employee named Earl Dickson was tending to his accident-prone wife who had cut her finger.  He aspired to create a bandage that she could apply herself, when he was at work.  He placed a small piece of gauze in the center of a piece of surgical tape, and that inspiration led to today’s self-adhesive bandage.

…that after evaluating Charles Darrow’s sample of Monopoly, executives from Parker Brothers turned down the game because it had “52 fundamental errors” (including taking too long to play).  Well, somehow the sample wound up in the home of the company president who stayed up until 1 a.m. to finish playing it.  He enjoyed it immensely…and now, 75 years later, 275 million games have been sold worldwide and it’s available in 111 countries and in 43 languages.

…that Steve Jobs created the first Apple computer in his parents’ garage? As a college student,  Jobs and his partner Steve Wozniak worked at a feverish pace in that garage building their computers for fellow students.  To raise $1300 cash for parts, Jobs sold his old VW bus and Wozniak sold his Hewlett Packard calculator. The following year (1977) Apple sales hit $800,000 and went on to become a Fortune 500 company in a record five years!

…that “patent leather” received its name because the process to apply the shiny black finish to leather was once patented?

For more information about InventionHome.com visit – http://inventionhome.blogspot.com/, http://mvelette.wordpress.com/, http://www.startupnation.com/community/InventionHome, http://www.facebook.com/invention.home, http://twitter.com/inventionhome.

Read Full Post »

Monroeville, PA– InventionHome is pleased to feature a patent-protected tool for splitting pills of any shape called the Rotatable Pill Splitter.  Independent inventor Walt Cheney is working with InventionHome to market and license his product to companies in exchange for royalties.

Walt created, prototyped and was awarded a utility patent from the United States Patent and Trademark Office for his tool that gives individuals the option to halve and quarter pills with great accuracy.

The product consists of a lid and base with interchangeable pill beds in a variety of colors to accommodate a number of standard and unique pill sizes.  When the user wants to split a pill he selects the correct bed to match the pill size and inserts both into the device.  The pill bed holds the pill into the proper position and aligns it with the blade below.  The user rotates the outside lever of the pill bed and presto….the pill is split!

This is a great product for any individual who has a difficult time cutting a pill of any shape.  How many times has a doctor increased or decreased the dosage of a frequently prescribed drug and decided to write a new script for the medication?  In many circumstances the individual could have a supply at home and would love to split or quarter his previously purchased meds to get the right dosage.  The Rotatable Pill Splitter allows the user to be economical and accurate with his medication.

InventionHome continues to market Cheney’s product to interested companies.  For more information on the Rotatable Pill Splitter or invention-related services please contact InventionHome at (866) 844-6512.

 

 

 
 
 

 

 

 

 

 

 

Read Full Post »

Older Posts »