If you were to go online and search on “how to make extra money”, you would quickly find yourself overwhelmed with over 3.8 million search results. It seems that nearly everyone is on a quest for financial freedom in life, and so many of us are searching for ways to bring in more money. You would see ideas about selling online, tips for developing sales funnels and a wide-range of different products you might offer. And yet, if you were to step back and look at the different ideas from afar, you would see that often so many of them were just the same.
To be truly successful in life, and to have a chance to tap into and create riches that will last for years to come, you have to have a unique idea or invention. Yes, you could buy products from overseas and sell them online, but so can countless other people. The key is for you to tap into your creativity, into your ability to see things differently and birth product ideas that are unique or make a big difference to an existing market offering. When you create a unique product or invention, you will be able to patent your idea and successfully launch your financially lucrative product in the marketplace.
Protecting Your Invention or Idea with a Patent
Once you have come up with a great invention, or an amazing improvement on an existing type of product, you will want to file a patent to protect your idea, your product and your intellectual property. With a patent, you will be able to safeguard what you have created. An attorney who specializes in patent law can help you prepare your application and file for your patent.
The process of filing for a patent is very involved and detailed, so it pays to get assistance from a professional. You have to do everything right, or else you risk your patent being rejected and then you would have to start over. There are also some invention development companies that could assist you with the filing, and help you bring your invention or product to market.
Getting Specialized Assistance with Aspects of Your Patent Filing
If you are filing for a patent, you will soon come to understand how complicated and arcane the process can be. To make sure your patent is accepted, you’ll have to make sure that you complete all of the detailed steps and documentation required as part of the process. It’s critical that you get everything done properly, so you avoid any possibility of your application being rejected.
Depending on the type of invention or product you are patenting, you may also have specialized requirements for filing. For example, if you are submitting a patent in the biologic science field, you will be preparing sequence listings. These are required because you need to show the specific nucleotides (DNA or RNA) and amino acid proteins that are part of your filing. If you work with a specialized company, they will have powerful software that can quickly and accurately produce all the data you need for these types of filing.
Leverage Crowdfunding to Raise Money and Launch Your Product
After you receive patent approval, you are ready to bring your product or invention to the market. In the past you might have to raise private capital and give away part of your company to your funders. Fortunately, now, through the Internet, you can go directly to potential buyers and early adopters to both raise money and sell your product.
You will want to create some great videos that showcase your product or invention. If you create a viral buzz around your offering, you’ll have friends telling friends about your great idea and market interest will build. Best of all, you will be able to let people pre-order the product and those revenues can be used to pay for your initial production costs.
