Welcome to the Small Business Ideas Forum! We are a community of over 100,000 small business folks with over 163,000 posts for you to browse. We pride ourselves on being the friendliest forum you will find and we'd love to have you as a member of our community. Please take a moment and register for a free account. If you need any help, please contact Chris Logan.

Small Business Ideas Forum

Small Business Ideas Forum

A friendly place to share small business ideas and knowledge, ask questions, find help and encourage others that are involved in the small business industry. Topics include small business marketing, generating revenue and small business computing.

Go Back   Small Business Ideas Forum > Inspiration & Ideas > What Type of Business Should I Start?
Register Search Today's Posts Mark Forums Read

Reply
 
Thread Tools
Old 6th July 2010, 12:54 PM   #1
rozmel
Member
 

Join Date: Jun 2010
Posts: 4
Default Patents

What are some factors to consider before patenting an invention? How much does it cost to patent an invention? Is it really worth it?

rozmel is offline   Reply With Quote
Register or log in to remove this ad.
Old 7th July 2010, 10:29 AM   #2
bizprof09
Member
 

Join Date: Jan 2010
Location: Queens, NY
Posts: 26
Default Patents

The first thing you need to know is if your invention already exists in patent form. You would look into the Thomas Register for similar products. Your invention has to be unique. A patent attorney will perform the search and prepare documentation that fully describes your invention for the application. I don't know how much this will cost, but I do know the application will take time. Once you have filed and you are waiting to hear from the United States Patent and Trademark office, you will be given a patent pending number to adhere to your product. Notification of the patent pending will be published in the New York Times.

More information about the process can be found at www.uspto.gov

Good luck,
Professor Moore

bizprof09 is offline   Reply With Quote
Old 7th July 2010, 09:56 PM   #3
bluewaves
Member
 
bluewaves's Avatar
 

Join Date: Jul 2010
Location: Utah
Posts: 1
Default

You can also do a patent search for similar products.

bluewaves is offline   Reply With Quote
Old 20th July 2010, 10:25 PM   #4
cfoservices
Member
 

Join Date: Apr 2010
Posts: 79

Default

I think you also have to consider if your product can be patented. For example I don't believe food recipes can be patented.

__________________
Michael Barbarita - Next Step CFO - CFO Services
Starting a Business
cfoservices is offline   Reply With Quote
Old 20th July 2010, 10:53 PM   #5
Kalen
Member
 

Join Date: Jul 2010
Location: Hill, NH
Posts: 38
Default Track Existing patents for an idea of the process

There is also a service called Patent Safari I would recommend. It allows you to track existing patents and you can even see if a competitors status changes so you can move in. Just an additional thought.

Kalen is offline   Reply With Quote
Old 21st July 2010, 11:06 AM   #6
jaairey
VIP Contributor
 
jaairey's Avatar
 

Join Date: Dec 2005
Location: Reno, NV
Posts: 207
Default

It is complicated, time consuming and often expensive. Doing patent searches is tricky and it is hard to find stuff. I thought I had done some really thorough searches and the patent lawyers came up with all sorts of stuff I hadn't found.

With all the legalese and rules on what constitutes a patent and the correct way to write one, it is much easier (and costly) to use a patent lawyer.

With a University, I started a patent. On the first refusal (expect several) we decided to not pursue it any further. I had a coworker with several patents; each one took over a year.

Sorry not to be more positive but it is a long difficult slog. I am not saying don't do it, but go into it knowing that it is a long frustrating process.

jaairey is offline   Reply With Quote
Old 21st July 2010, 06:19 PM   #7
BeTheBest
VIP Contributor
 
BeTheBest's Avatar
 

Join Date: Mar 2009
Posts: 595
Default

I have first hand experience with Patents and I can tell you that unless you have very deep pockets, you will just waste your money.

First of all, since I was involved, there is a 'provisional' patent that you can get which gives you protection for the first year. It's not a patent; it is really just (like) a market that you started. You do not have to continue (from what I read)

However, understand that if you're just considering US patents, then you have to really think it through. Most lawyers will tell you to do US and Canada at the same time. But what about the rest of the world? The internet has shrunk the world. Your idea could be on You Tube within hours of being released... if you know what I mean.

Look. Here is the acid test that I devised. How much money do you have to protect it? That is, let's just say you find somebody 'stomping' on your patent in the US (where it would be a lot less to chase the person than if it were overseas). How much money do you have to shut it down?? Unless you're ready to put $50k on the table (just to start), then forget it.

Consider this. You go ahead and create this great patent. I look at it and (with all your great drawings) go ahead and duplicate it. The only people that POLICE YOUR PATENT is YOU! That means... unless you have the money to go ahead and STOMP ME... I can use your patent forever without anybody doing anything to me.

On another product, I did this same thing where a company (who I knew didn't have a lot of money) had a product/system that they CLAIMED to be patented. I never did see the actual patent nor number. Knowing there was a lot of talk that the system wasn't really patented... I took my chances and went ahead and developed something very, very close. Nothing ever happened.

The other issue in this particular case was that the 'per application' cost and profit was so small, it wouldn't be worth it for anybody to chase.

On the other hand, I was involved in another product where I knew that I was first in the field. My lawyers laughed when I walked into one meeting. They had 6 other compaines claiming 'prior art' against my patent. They also told me that I stood a very good chance of displacing each of these companies. Problem was that they wanted $25K PER CASE.

Solution? I went overseas to get a product I could import for 88 cents. I sold it for anywhere between $9.95 and $19.95. While all those guys were fighting... I was out selling. As of today, I am not sure ANYBODY actually ever went ahead. Besides, the product (in it's most expensive design) only sold for about $30-$50.00. So how much money is there in the product??

Save your money. Release your product with some special process or part that is not easily duplicated. Put the rest of your money into marketing and you will be years and years ahead of anyone trying to 'dupe' you.

Hope this helps. Sorry it's a long post!

__________________
Help to set up or improve any website starting today!
How You Can Be The Best Online
Get help with your Website, SEO, Marketing and Writing Content
BeTheBest is offline   Reply With Quote
Old 4th August 2010, 02:21 AM   #8
rozmel
Member
 

Join Date: Jun 2010
Posts: 4
Default

THanks BeTheBest..your reply is really helpful.

rozmel is offline   Reply With Quote
Reply   

Bookmarks


Similar Threads
Thread Thread Starter Forum Replies Last Post
Craft Show Items - Patents and Trademarks Linda General Small Business Issues 0 11th October 2005 10:46 AM



Thread Tools

Get Updates
RSS Feeds:
RSS Feed for What Type of Business Should I Start? RSS for this Category Only: What Type of Business Should I Start?

RSS Feed for Small Business Ideas Forum RSS for Entire Forum
Forum Rules


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


Small Business Ideas Forum


 
At Your Business - Small Business Directory
Free Business Forms - Prewritten Documents
 
Search Engine Guide
Small business guide to search marketing

 
Small Business Brief
Fetching the Best Small Business Info


Free Links - Free Advertising
Free Guide - Online Directory



Advertise your business here
Contact us for more details!


Semantic Juice
Register now to access free Quick SEO service!


Rocket Lawyer
Sign up for free 7 day trial. Boost your biz!


Buy UPC Codes
Get your products listed online!




All times are GMT -5. The time now is 05:43 AM.


Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Copyright 2004 - 2018 - Privacy