Becoming a successful investor takes time, effort, and loads of creativity.
Your brilliant ideas won’t come to life on their own – it’s you who needs to make them a reality! The first step in doing so is submitting your idea somewhere where it will be recognized for its uniqueness and authenticity.
“So, what is the best way to go about it? “you may ask. The answer to this question can be found down below, so keep on reading to find out!
Get it on paper
Your idea is good for nothing if it just sits around as an abstract concept in your head. Therefore, the first step to getting it submitted is to put it in writing. It won’t only make it presentable and sharable, but it will help you develop it further.
When you’re writing out your idea for the first time, try to keep your tone as simplistic as possible. If you aren’t able to explain it to a child, it’s not thought out well! Complex details should come naturally once you’ve laid out the basic concepts.
We suggest creating your own “invention notebook “where you’ll track your entire process by writing it down as frequently as you can. Even though it might seem trivial at first, putting your ideas on paper can go a long way, so don’t hesitate to do it!
Consider its marketability
A successful inventor isn’t just a creative genius but a businessman as well. Your ideas need to be marketable above anything else, which means they’ll need to be useful to someone out there. To be able to submit your idea, you’ll first need to know whether you have a target audience or not. Otherwise, you’ll never get it accepted nor recognized, nor will you know what’s the best place to submit it.
Now, of course, you won’t be able to adopt the businessman mentality overnight. It takes experience, knowledge, and hours upon hours of research and studying. However, learning how to analyze the market for your future product is the perfect place to get started!
Try pitching your idea to your loved ones to get some feedback and then expanding your research until you’ve reached the global market. You can even hire an expert to help you do this, as it can be pretty overwhelming for economic laymen.
Check whether your idea is authentic
Inventions have to be, well, innovative. You won’t be able to sell it if it has already been patented before. No matter how certain you are about the uniqueness of your thoughts and ideas, it’s still better to check as someone thought of it before you. It’s a risk not worth taking since it can lead to significant disappointment – you would have wasted your energy, time, and resources for nothing.
Now, checking whether your idea is patented or not will require some research on your part. In most cases, hiring professionals such as those at Invent Help is the best way to go about it. You want to be absolutely sure your invention hasn’t been thought of before, so getting some professional assistance is usually a worthy investment to make.
To get more insight into how this process works, check out https://kulturehub.com/inventhelp-step-by-step-guide-inventor/
Find companies that might be interested in your invention.
Many companies are constantly looking for fresh new perspectives and creative ideas to improve and develop their services or products. One of them could be interested in your vision – all you need to do is find them! You can start with Google or by joining invention-related forums or online groups to look for “leads. ”
Either way, make sure that the company you’re offering your idea to is relevant to your target market. It will greatly improve your chances of success, as most companies don’t want to deal with inventions they don’t understand themselves.
Again, if you struggle to find relevant companies willing to invest in your ideas, there’s a wide range of professionals specializing in helping young inventors such as yourself. Take advantage of that, as it will make things so much easier!
Learn how to pitch your idea to interested parties
Knowing how to make an effective presentation of your idea is of the utmost importance. If you’ve ever seen the video of Steve Jobs presenting the iPhone back in 2007, then you’re probably aware of the power that a good speech can hold.
Rule number one for effective pitching has always been to keep it simple yet powerful. You want your enthusiasm to show, but you don’t want to overload your presentation. A similar logic is applicable when you’re writing e-mails to interested companies. They don’t need to know how you came up with your idea, nor do they want to read a novel about it. Instead, you should keep it concise and right to the point!
Don’t get discouraged!
Once you start submitting your inventions, you’re likely to get rejected more than just a couple of times. It can be quite disheartening, especially when you’ve already gotten to the point of making a prototype. However, this is completely normal and has happened even to history’s most famous inventors such as Henry Ford and Thomas Edison!
If you truly believe you have something special in the making, don’t let anything bring you down! There’s certainly someone out there who’ll recognize the potential you have, so keep on looking until you’ve found them. Be brave and trust your gut instinct at all times, and you’ll be on your way to success.
The bottom line
Being an inventor is not an easy path to take. There are many obstacles you’ll need to overcome before you’re able to submit your idea and get some positive feedback for it. We honestly think it’s a road you shouldn’t walk alone – our advice to you is to seek professional assistance whenever you can afford it.
Either way, we hope our article helped you understand the processes that hide behind successful inventions, and we wish you the best of luck on your journey to becoming an inventor yourself!