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Posted: 1:12 p.m. Thursday, Oct. 28, 2010

Inventions & Patents

Get that great idea or invention patented

Recommended Books:  

  • Patent It Yourself - by David Pressman 
  • Inventing and Patenting Sourcebook - by Richard Levy 
  • The Complete Idiot's Guide To Cashing In on Your Inventions - by Richard Levy      

Web sites:  

What to remember:  

  • Most ripoff invention services use a three-step program to steal money. They offer a free evaluation of the inventor's product through an 800-number, take $500 or so to fund "research," and later request another $5,000 to $6,000 for more extensive "market research." 
  • One such company was forced to disclose that less than one percent of the ideas people submit ever make it to market. 
  • Turn to the local bookstore or library for legitimate advice on how to bring inventions to market. 
  • It's important to create a working prototype of your idea, because companies won't buy ideas from sketches. 
  • Your best bet is to find an invention broker to propose your idea to a company. 
  • Non-profit inventors clubs, which can be found in many cities, also are excellent for sharing ideas and providing encouragement.