When you have a great new product idea, you might be eager to get started on the development process. Before you dive in, however, there are several steps that you should take to ensure that your idea is protected and ready for manufacturing. In this article we’ll cover some of the most important first steps to take when you’re getting started with a new invention idea.
The first thing you need to do is make sure that your idea isn’t already patented. This can be done by searching for patents online through the U.S. Patent and Trademark Office (USPTO). You can also hire an attorney or patent agency for invention help and to do this research for you. If someone has already patented your idea then there’s no point in pursuing it further because they will have exclusive rights over it until their patent expires (usually 20 years from filing date).
If your idea hasn’t been patented yet then it’s time to do some research into whether it will actually be profitable or not. This involves looking at similar products currently on the market as well as researching other factors like market size, customer demographics and competition details (if any).
If you find that there’s a lack of competition or the market is large enough for more than one company then it may be worth pursuing your idea further. If, however, you find that there are already several similar products on the market and that they’re all doing well then it might not be worth your time to pursue this particular idea any further.
If you’re still interested in pursuing your new invention idea then it’s time to go through the process of creating a prototype. This is essentially a working model of your product, one that you can use to get feedback from potential customers as well as investors if you plan on going down that route. You should also consider patenting your product idea once it has been created and tested so that no one else can come along and take advantage of it before you have the chance to do so yourself!