What To Do With An Idea

Once an idea has formed in the mind of an inventor he then has to decide what to do with it. If he doesn’t quickly make a decision, it is possible that someone else will soon come along with the same idea and what could have been a money spinner big enough for the original inventor to give up work for the rest of his life, now turns into someone else’s nest egg. Of course, the person with the original idea could claim it as his intellectual property but with nothing down in writing, with nothing official, this could prove virtually impossible.

So, the best thing to do if you think you have seen a hole in the market and think your idea could fill it, is to find a way of product development that would see you idea set in stone, or at least down on paper and legalised so that if and when the day comes when you do wish to initialise product development, you are the one that will be reaping the benefits.

A recent survey shows that of all product development that has come to fruition, the bicycle has been declared the best idea. This gained fifty nine per cent of votes which is quite ironic when you look how it compares to more earth shattering inventions. For example, nuclear power, one of the things that keeps the wheels of industry turning more frequently than a bicycle wheel, gained only one per cent of votes in the invention popularity stakes.

The internet, which many no longer believe they could live without, saw a mere four per cent of votes with six per cent attributed to computers. Admittedly, many people declare computers to be the bane of their lives but as far as the spread of useful information is concerned, computers and the internet leave everything else standing.

What amazed me more than anything in this survey was the germ theory of infection that saw only five per cent of votes. How can people decide that a discovery that saves millions of lives every year is less of a worthwhile idea than a bicycle? What sort of people were voting in this survey?

I guess it takes all sorts which is why, whatever the idea, product development needs to be sought as soon as possible, because as we have already established, somebody else will soon come up with a similar idea.

There are a few companies around that you can trust to take your idea to, who will oversee the planning, design and product development of your idea. These are the people that will ensure your idea cannot then be stolen, used or re-invented by anybody else and that you will be the sole beneficiary of any monetary profits that are likely to come from the idea.

Product development is a process that goes through important stages from the initial putting pen to paper to get your ideas down in writing. These ideas will then go through a system of development until you and more experienced product developers reach a design that you are happy with and that they believe will work, appeal to the public and that will sell. Much of this work is done on computers with computer aided design software that can offer you a 3D visual image of your idea before a prototype is begun.

Once you have your prototype, you are then free to tout for financial backing for the finished product and this is where your knowledge of your product and sales routine will be so important. Selling your idea to someone with the funds to back you is a game of negotiation that could lead you to that retirement nest egg after a great deal of hard, rewarding work.

Shaun Parker is a leading inventor with many years of experience in the product development industry. Find out more about product development at http://www.applied.uk.com/product-development.htm