Next Previous Contents Invention Development 101 A Basic Summary of Invention Development from Conception to Marketplace Authored by Paula Serber, a West Coast associate of Jim Harris in Priceton Products. Very often when I tell someone what I do, i.e., take inventors' products to the marketplace, I get such an excited reaction I kind of feel like I just plugged them into an 120-volt wall socket.
Many people are under the impression they can sell an idea if it is really good.
It's possible, but not likely. Thinking of the idea is the easy part, and just the beginning of a process. The invention process consists of a series of logical steps, some of which can be done concurrently. A staged development mitigates potential time and money loss by allowing for course changes at any point in the development. This does not mean you might not spend money on a prototype and discover manufacturing costs are too high.