[mxer210]

I came accross a really good new product idea, and woudl like to either create the product, or sell the idea to large companies. What steps do I make, such as patenting the product and such, and what do you guys think the best route is to do?

[Outta Hand]

Originally posted by mxer210
I came accross a really good new product idea, and woudl like to either create the product, or sell the idea to large companies. What steps do I make, such as patenting the product and such, and what do you guys think the best route is to do?

Does the product already have a patent? Check it out first then if not try to get a patent on it. You'd need to have someone manufacture it from prototype into production, then after then you'd need to get a sales and marketing team together and market it... now thats pretty general but those are a few keys steps

[Immmm]

From what I have heard about patents is that they are rather useless. Correct me if I wrong here.

There are two main reasons that patents aren't good for creating barriers for competitors.

First is that if your product or service is truly unique and a great idea you will find a patent isn't the most financially effect method as every time some one breaches the patent you personally have take that person to the courts. Which in most cases the individual stealing your idea doesn't even have enough wealth in the first place so taking them to court would be fruitless.

Second of which is that you only have to change a concept 10% or 15% for it no longer to be held under your patent.

Best way to protect an idea is through clever marketing and branding. At least that way your actually focusing on the concept rather than taking people to court everytime you see a copy.

[kellyirl]

If you think you have a patentable idea, it is absolutely worth it. It is true that the majority of the time it may be useless, but if the idea truly is a good one that will generate years of cash flow, a patent gives you the right to put any competitors out of business or charge them licensing fees. It just depends on how long you expect your idea to be around and to be unique...