A good thing to do is start reading! There are numerous books out there which will help the solo inventor establish a road map of idea to creation. I actually picked up a novel today titled “Hardcore Inventing” by Ellie Crowe.
Obtaining a trustworthy patent attorney is a great idea but make certain your product or service is feasible before investing in How To Pitch An Idea To A Company. Final patents could cost between $7 – 10K. Making use of the USPTO site is a simple way to find prior art which could affect your patent. It is possible to write the specific patent application through the help of site LegalZoom however i would let it rest to a patent attorney to do the particular claims. This is the most essential part of the application. I would look for a patent attorney that charges a maximum of $250/hour.
Did you know that QVC presents 1150 products a week and approximately 286 seem to be completely new with their viewing audience? Because of this if you have a brand new product or invention, they might be searching for you right now. Could you imagine how many products they have to see to discover 286 which can be worthy to get on-air? Should you take into account that only 1 in 11 infomercials is a winner and assume exactly the same percentage for a shopping channel like QVC, then they will have to see 3146 products to be able to select 286. What this means is they may be actively searching for great products and inventions.
Are you aware that Most Successful Companies use an Agent to Get on QVC? Joan Rivers, Donald Trump, Paula Abdul, Tony Robbins, Ron Popeil – every one of them use agents to obtain on QVC. Not because they’re too big, but because they know that the relationships agents need to QVC buyers would be the key to success. It is estimated that 70% in the jobs people get are normally found through someone they know, so just why should networking your path into selling on QVC be any different. Why reinvent the wheel? In the event the big guys are using Inventhelp Product Development to start the doorway to them and secure a purchase order for his or her products or inventions why shouldn’t you?
QVC is definitely the largest Home Shopping Channel on the planet reaching over 165 million viewers worldwide. With this much potential for your products or services at stake, you are able to bet the competition to get on QVC is fierce. Nick Romer, bestselling author of “Make Millions Selling On QVC,” states that it’s harder to obtain on QVC than to have in a movie with Al Pacino or Robert DeNiro and knowing someone with all the right connections could drastically speed your way to marketing towards the masses.”
The reason a lot of companies arrived at QVC using their products is since it is a fundamental element of their marketing campaigns. They utilize QVC to kick-off their product since they can Make money by selling their product, and The airtime is provided for free. So, selling your products or services on QVC is much like possessing a commercial on national television but without the expense of having to pay for it
Find an agent which has experience that can help you. Start by contacting the local chapter of S.C.O.R.E. to determine if anyone there has connections to a QVC Agent or Rep. You can even exhibit at invention caorxr and industry tradeshows. They frequently attract QVC buyers and agents and you may obtain a listing of attendees from your sponsor from the tradeshow to find out if any agents through the shopping channels are usually in attendance.
Also a good resource to discover potential manufacturers online is ThomasNet. If you are considering licensing from the product then you might like to contact local manufacturers which make products similar to yours. Ensure you use a NDA (non-disclosure agreement) on whatever you do. You may get one of those particular for around $15 at LegalZoom.
In terms of funding… If this is the initial go around chances are New Product Idea will have to come out of your bank account. If you can get an angel investor to really have faith in your idea then exercise a royalties plan together but be sure you put a cap on it. A standard site you can look for angel investors on networking site GoBigNetwork, funding groups on LinkedIn, and tech startup site Vator.tv.