The problem that we encounter is not knowing how to successfully implement our ideas.

It's not easy for inventors to find information on how to be successful with a new invention.

Many sources of information are from people who never made any money inventing anything - who never manufactured, marketed or licensed an invention.

The Myth

We are led to believe that you patent an idea - make a prototype - and then sell or license your invention. It's not that simple. It's like believing the following statement - "To make money in real estate all you do is get a hammer, build a house, and then sell or rent it".

The only person who would lead you to believe that this was true, would be someone trying to sell you a $20,000 hammer.

Success Rate

If you're wondering how all this works - you're not alone - 93% of us are not successful. This doesn't mean that our new inventions are not good.

What it means is that 93% of us don't make any money from our inventions, and most of us lose money.

This is because many of us do not fully understand the business of inventions. We usually end up financially defeated one way or the other, or taken advantage of.

Believe me, I know - I've been there as have many others. Success is possible but there is a process to follow and pitfalls to avoid.

Good News

The good news is that we live in a knowledge economy. An economy of intellectual property, which are inventions and creative expressions - represented as patents, copyrights and trademarks.

It's possible for anyone to become very successful with something new or improved. It’s just a matter of knowing the process, what is involved, what works, and what doesn't.

Key To Success

The key to your success can be stated in one word - "profits".

Companies compete to provide solutions to problems. To provide products or services that are in demand. They do this for one purpose - to make profits.

They need new ideas for this to happen.

Words of Wisdom

Tools of Success

Patent research - inventor logs - market research - patents - business plans - prototypes - copyrights and trademarks, are just tools used by inventors to sell others on the benefits and profitability of their ideas.

These tools are like hammers, screwdrivers and saws for a carpenter.

It's easier and faster to get things done if you have the right tools - so you can spend more time doing what you enjoy - being creative and getting compensated for it.

It doesn't matter whether you have created a better mouse trap, a new integrated circuit, an innovative internet protocol technology, a food recipe, an instruction book, a logo design, or a method for doing business.

The tools used for success are the same.

The more you understand these tools and how they work for you - how you use them and how profits are made - the better chances you have of making money with your creations.

On our website you will find tips, information and resources to help you. It is continually updated to provide you with helpful information, so visit us as often as you like.