A good Invention is like a child: You conceive it, nurture it, it sucks you dry and you throw it out! Until you throw it out, it won’t stand on its own.
How An Invention is Like a Child
I have been saying for years that a good invention is like a child. First, you conceive it. Right? That “ah-ha” moment when you think you have a really good idea. The magic of solving a problem that you might be able to grow into something big….Just like a child! It can be magical!
Second, you nurture
this idea. This child of yours needs
food, clothes, and shelter. With an
invention, you do some due diligence and build a rough prototype for proof of
concept. Then you file a provisional
patent and hire an engineer for the next stage of prototyping. Still exciting!
At some point, about the time this child is asking for a car, new phone, school trip with friends, you start to feel the “suck”. With your invention, that same “sucking” feeling really kicks in with the manufacturing and marketing.
Don’t Spoil Your Child or Invention!
There are so many ways to throw money at your invention. Too many of my clients tell me that their invention is like their child. I get it! But you have to practice financial responsibility with your child. And you need have the same responsibility with your invention.
It’s important to know your budget, analyze the costs and BEFORE you are sucked dry, figure out your options.
How to Succeed in Getting that “Child” to Market
Archimedes Offspring (AOS) helps teach you that financial responsibility I mentioned. As the mentor in the process, we know the steps, the cost associated, and will guide you through them.
Through our combined years of experience, we have made contact with many quality service providers. We will not only pass those contacts on to you, we will foot the bill for their services!
While many inventors may dream of running their own multi million dollar company, the truth is that most don’t really have the required skill set to do so. At least not successfully.
You not only need to have excellent experience running a business, but also experience with manufacturing and marketing. While you may have experience in one, rarely does someone have all three.
So what do you do? Here’s where reality meets fantasy: you have to PAY people. This all has to be factored in to the multiple of 5 concept. If you don’t know what this is, go to the Inventor Lady website and look at the Inventors Galaxy Guide. Understanding this rule of pricing is critical to your success and for most inventors this is the ultimate of being sucked dry financially. http://www.inventorlady.com/inventors-galaxy-guide/
The goal with your invention, as with a child, is to do such a good job with the nurturing that it grows up and wants to move out. The only way to get an invention to pay you is to get it to stand financially on its own. AOS has the goal of seeing every invention chosen to participate in the “families” grow up and stand on its own successfully in the marketplace.
If you want to be
part of the family, review the site and get in touch with us asap.
