Inventor's Workshop: How to Develop and Market your Inventions - Bob Schmidt

Inventor's Workshop: How to Develop and Market your Inventions

By Bob Schmidt

  • Release Date: 2014-05-20
  • Genre: Small Business & Entrepreneurship
Inventor's Workshop: How to Develop and Market your Inventions book review score

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Inventor's Workshop: How to Develop and Market your Inventions Bob Schmidt Book Review Score: ★★★★★ 5/5 stars

Inventor’s Workshop is a practical guide showing inventors how to develop, prototype, protect and market their inventions to make passive income from license royalties. The tools and steps in this book will help inventors to successfully develop and market their inventions without breaking the bank. I am an engineer with over 25 years experience developing and marketing products. I have used my corporate and entrepreneurial experience to develop this step by step guide to help fellow inventors develop their products using a "boot strapping" approach.

In the book I detail some of the products I have invented and tell you what I learned along the way so you don't make the same mistakes I did. Some of the products I have invented are: an automatic fire extinguisher, a low cost snow plow for trucks and SUV’s that costs < $1000, a trailer hitch alignment device that allows you to hook up a trailer without getting out of the vehicle, and a pint glass that keeps your beer cold without diluting with ice.

One of the biggest questions you need to answer is whether your invention is unique. I show you how to do that with patent and product searches. I then explain how to document your product development progress and how to prototype your invention to make sure it works and to improve the functionality. I then discuss options from the United States Patent and Trademark Office (USPTO) to protect your invention intellectual property and how to find companies to license your invention. This book also includes several inventor resources as well as details on companies looking for new products.

Just having an idea is the easy part. Taking it from an idea to a licensed product has many steps to make sure that you have a marketable product. The process detailed in this book also helps you determine whether you should abandon your idea before spending too much money. You want to spend the least amount of money to develop, protect and market your inventions. That way you can make sure your royalties go to your bank account instead of going to pay off loans for expensive prototypes or legal fees.

Inventor's Workshop is a "take action" guide to turning your ideas into successful products that can make passive income from royalty fees you receive from manufacturers that license your product.

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