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Old 10-25-2007, 12:37 PM   #1
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inventionhome


don't laugh, while doing a small project, I have invented somthing. I would like to proceed further see potential of patenting it....

anyone has any experience of patenting idea... as looks like there are millions of patents in USPTO and I bet most patents didn't get realized to commercial products... but being able to have a patent in one's lifetime is a achievement itself with or without any material rewards....

after searching the web, find this web site invetionhome.... anyone know anything about this company

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Old 10-25-2007, 01:45 PM   #2
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Having your own patent is nice, but it's expensive to file, because you have to pay for a search of past patents to ensure that yours qualifies as a new idea. My understanding is that it is typically in the hundreds or thousands of dollars.

So unless you really have plans to develop your idea into a product, I'd just enjoy it for yourself.

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Old 10-25-2007, 02:02 PM   #3
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thanks for the advice... I will see how it goes... I am kind of enjoying the invention process anyway... I build a prototype ... then keep improving it with different ideas... this is so much fun...
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Old 10-25-2007, 03:14 PM   #4
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What does your invention do?
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I tear things down and build them up.
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Old 10-25-2007, 10:03 PM   #5
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Go for it, K.

Does it hang drywall really fast?
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Old 10-25-2007, 10:51 PM   #6
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There are many great ideas patented. - The problem is that the inventor does not have the ability or real desire to market the idea and get his rewards. This takes advance planning and the willingness to share the benefits with someone that provides what is needed.

It is cheap to get a patent(less than $10,000 using a good attorney). It is expensive and difficult to market. It is even more expensive if it is sucessful and you have to defend your rights in court. - That is why planning and financial back-up is necessary are important.

Even Thomas Edison did not really make all the discoveries. He just got the patents and knew how to make them profitable. It helps when your friends are Ford and Firestone.
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Old 10-26-2007, 08:18 AM   #7
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Thanks for your advice, Concretemasonry, your advice makes me feel like if I ever proceed this thing, I should use company like inventionhome (www.inventionhome.com) as they kind of take care of a lot of things for you. I just wish I can hear someone's feedback who use this company before. Anyway, I am still working on it... but the good thing is even I will not proceed with the thing... I can use it myself for many of my projects down the road...

Also, Thanks Yummy for your encouragement.
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Old 10-26-2007, 12:43 PM   #8
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Inventionhome looks to me like it is more about marketing your invention to producers/manufacturers. For the patent stuff they just say they'll direct you two a patent attorney. I'd think it would be cheaper to just go to a patent attorney directly, without the middle-man.
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Old 10-26-2007, 01:24 PM   #9
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Avoid the "invention companies". they are just leeches, have nothing invested and usually have not real contacts to help with the two big problems. - Marketing and money
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Old 10-26-2007, 01:34 PM   #10
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but they said in their web site they do the marketing for you and cost you nothing... all they asked back is 25% of your royalty.... but you may be right... I will do more analysis....
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Old 10-26-2007, 04:40 PM   #11
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KUI****G -

See an attorney first so you understand what you are getting into and how to proceed. He can also advise you about invention "marketing" companies that just want a percentage with no risk, investment or real involvement. Do not use an attorney recommended by the marketing company.

Having something developed and then using it can be suicide. Buy using it in the open where it can be seen being used, it may become "public knowledge" and anyone can use it an even try to patent it. You could have your idea stolen and someone with more legal knowledge or financial backing (or guts) could patent it. Even if you fight it, the party with the best factual documentation will win.

I was recently an expert witness on a patent suit. One of the parties had spent over $700,000 on his legal fees well before they got to court. If you have a very good idea and product, you can expect this sort of problem, so start out right.

Your attorney will tell you how to protect your idea and document the development. - He will require to have people sign non-disclosure agreements if they see or use the product.

It is always possible to obtain a patent without an attorney, but it most likely will be written so it is really not defendable against someon the files a new, improved patent similar at a later date, since they will have had the legal research to shoot down your patent. - Its a jungle!!!
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Old 10-26-2007, 06:32 PM   #12
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I agree with Concrete. Shop around by asking local inventors who they recommend as an attorney. You'll gain lots of advise about the scruples and pitfalls before you hook-up with a manufacturer(s), suppliers, sales agents or marketers, venture capitalists or collaborating with a private investor vs silent partner. Then decide if you would be better off selling the idea/product or working out an equitable royalty formula.

One other pitfall to weigh into the equation, is deciding if the product/idea warrants a patent. You ought to consider selling the idea to a manufacturer or a company that produces something comparable to it. Consult an attorney who will draw up a water-tight nondisclosure agreement prior to revealing the actual unit. It may be wise to simply sell the concept rather than becoming a slave to the "potential" and going bankrupt in the process.
Meanwhile, you can peruse the libraries all day long and research similar ideas to avoid infringement, while discovering ways to improve upon your own concept. Best of luck.
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Old 10-29-2007, 09:05 AM   #13
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Thanks for the advice... but this invent thing is too big a thing for me to handle... I am going to use company like inventionhome as I have no way have the money and effort to be alone on this... if by any chance my idea got stolen, alread patented or whatever... bad luck for me .. but at least I tried my best.... sometimes just have to trust someone.......anyway... I don't want this thing take away all my other interests like buidling furniture.... as a matter of fact... I just used the router to finish the book shelf and will post picture of it once I finish staining it.... I am quite happy with it...
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Old 10-29-2007, 09:52 AM   #14
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Quote:
Originally Posted by KUI****G View Post
I am going to use company like inventionhome as I have no way have the money and effort to be alone on this
Using a service like inventionhome certainly won't save you any money though. They might make things easier, if they are a reputable company (I have no idea), but they certainly won't make it cheaper, because you'll be paying them for their services.

What does your invention do? (Not asking you to say how it works, just wondering what the purpose of the invention is.)
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Old 10-29-2007, 10:04 AM   #15
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Thanks Nate, I understand I need to pay for all tangible service like patient searching..etc.etc... but it is kind of a graduate investiment and it won't even go too far if it fail the first or second blocks and will go further only if succeed some milestones make it worthwhile etc... but it save me all headaches and most important I can continue to build furniture which where I started anyway.... the Invention I did is kind of needed by every people who do renovation... and I used it very nicely to build my book shelf.... sorry... that is as much as I can expose... afterall this is internet we are talking about here.......

Thanks for all your advice including those furniture making ones.....

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