What to do After you Have an Idea

At some point, most hunters or anglers come up with product ideas.  But how can you know whether you should turn this product into a reality?  Here are some helpful starting points:
Questions to ask:
  • Will my idea sell?
  • How much will people be willing to pay for my product?
  • How will I fund this project?
  • How and where can I manufacture this product?
  • Should I license this idea or manufacture and sell it myself?
  • How will I get stores to consider my product?
  • How will I get the word out?
  • Which trade shows, consumer shows, and buying groups should I work with?
  • What should the price structure be for various distributors and sellers?
  • Should I get patent or liability insurance?
  • Should I pursue a patent?  What kind?
  • Should I get a trademark?
  • Do I have a non-disclosure agreement?
  • Do I have a prototype?  If not, how will I make one?
In the meantime, be sure to follow these tips:
  • If you’re on a tight budget, consider starting with a Provisional Patent Application.
  • Do not show your invention in public before you have filed for a patent.
  • Perform a market survey to gauge whether your idea will be successful.
  • Select an effective package design and name.
  • Focus on short, effective selling points.
The attorneys at Cislo & Thomas LLP are experienced with every stage of the inventing process, from conception to design, prototyping, manufacture, and licensing.  Please contact us today to arrange a consultation!