From Patent to Profit, Third Edition Secrets and Strategies for the Successful Inventor Bob DeMatteis

ISBN: 0-7570-0140-8 Length: 304 Pages Size: 8.5 X 11-inch Format: Quality Paperback Category: Technology / Reference Price: $29.95 US / $44.95 CAN Availability: In Print Click below for: Synopsis • Contents Introduction • Reviews

Synopsis

Having a novel idea and turning that idea into cash is not as simple as it sounds. The process of creating an invention, protecting that invention, and bringing it to the marketplace can cost you a bundle. In today’s highly complex and competitive world of business, not knowing what to expect and what to do will almost always guarantee failure. To help innovative individuals learn to navigate around the many pitfalls of inventing, Bob DeMatteis has written an up-to-date guide to all the important steps involved in the invention process.

Bob DeMatteis is a brilliant inventor. He has been directly involved in every phase of the inventing process--creation, patenting, licensing, manufacturing, and marketing. He has made his share of mistakes, and has learned from them. He has also had tremendous successes, and learned from them as well. Now Bob DeMatteis has taken his accumulated knowledge and turned it into a well-organized handbook for inventors. The information, forms, insights, and advice found in this book are reliable and easy to understand. The guidance offered by Bob DeMatteis will allow any individual with a creative streak to sail around potential problems and set a course towards a successful launch.

Whether you are a professional inventor, a part-time dabbler, or just a clever daydreamer, From Patent to Profit can help make your dreams a reality.

Bob Dematteis is the inventor-marketer of twenty U.S. patents that have been licensed and successfully commercialized. He is the founder of the From Patent to Profit ¨ and the Patents in Commerceª training series, two programs designed to help and assist fellow inventors. He is also a Certified Seminar Leader ¨ and an adviser to several small company-development organizations. Mr. DeMatteis has cowritten several books in the area of invention, including the best-selling The Patent Writer.

Contents

Introduction

From Patent to Profit is an invention development guide for entrepreneurial small businesses, independent inventors, engineers and product developers.

Whether you are just starting out, want to expand your company’s product line and protect the expansion with patents, or have been struggling with the development of an innovation, From Patent to Profit will show you how to make it happen. Whether you plan to go into business or license your innovations, you’ll have all the tools you’ll need to succeed and to launch your innovations. Our emphasis on marketing and licensing innovations from a practical standpoint, from a moneymaking perspective, is unmatched.

It may sound trite...but inventing and launching new patented products is really all about money. Of course your inventions will need to have some unique, inventive, marketable attributes, but if your development effort does not reward you with sales and profits, you’ll be discouraged and abandon your effort.

Frankly, no inventor should ever give up. If your creations are not earning money for you, you have to find out why. Then you have to make all the right decisions and change, modify and improve your inventions so they do make you money. From Patent to Profit is based upon this simple principle:

There are no failures in life, only outcomes. If you do not get the outcome you seek, continue to make changes and improvements until you get the desired outcome.

Ideally, you want to apply the tenets in From Patent to Profit early on in the invention development and patenting process. You or your company do not want to invest thousands of dollars and thousands of hours in products and technologies that are not highly marketable. You want to develop only those that have qualified marketability. From Patent to Profit shows you how.

It is no wonder that the U.S. Patent Office says that 97% of patents never make any money for the inventors. Why? Few, very few, apply the basic tenets and common sense business principles required to make money from patenting and developing their inventions. Plus, unfortunately thousands of individuals spend thousands of dollars on invention promotion companies that have pathetic track records--less than 1/100 of 1% ever make any money for the inventor. The invention promotion companies can bring much harm to an inventor by causing pre-market exposure and complete loss of patent rights.

Exposing a methodology that doesn’t work also sheds light on the methodology that does work! At the heart of the successful invention development methodology is the simple fact that you, the inventor, must pilot the effort yourself. You cannot rely upon a middle man to do this for you. The creators of inventions often think of them as "offspring"...like they would their own children. Would you rely upon some middleman to raise your children to become prosperous, outstanding citizens? Of course not. Someone from the outside cannot have the same foresight, vision and passion for their children--or inventions--like you would.

Just like you raise your children to become worthy adults in society, you’ll be the one that guides the development of your inventions. And just like your children will need help as they grow, you’ll want partners to help you in your invention development.

In a way, you can say there are no secrets about how to successfully develop an invention. That all you have to do is apply the practical laws of raising your children in today’s world. It’s a paradox of a sort. But there are tenets and secrets to raising successful children and there are tenets and secrets to developing successful inventions. From Patent to Profit will unmask these for you, so you can be successful and make money on your inventive endeavors, so that you will not fall into the 97% failure category. In fact, you really can be successful 100% of the time once you learn the process.

The From Patent to Profit process is easy to track too. Once you’ve read the chapter, entitled Invention Development Strategy, you’ll be in position to track your invention’s progress by using the Strategic Guide chart. This chart divides invention into two phases, the developmental and launch phase. Even the most inexperienced product developers can follow it through to completion.

From Patent to Profit is not theory. It is founded based upon years of experience in product development, patenting and licensing. The contribution from many successful inventors, manufacturers, marketers and patent attorneys are unsurpassed and cumulative, represent hundreds of years’ experience. All the contributors have one common theme...making money on inventions. Making money now and in the future. More importantly, From Patent to Profit includes all the most recent methods and technologies. It includes the newest laws and gives you insight into the future by showing you how to use the U.S. Patent Office’s new 21st Century Strategic Plan to your advantage during invention development and financing. From Patent to Profit is the only book that does this. It will save you a small fortune as you proceed in your endeavors and it will show you how to leverage your finances and development budget like never before.

Use it as a manual. Use it to guide you in your inventive efforts and you will be able to achieve the outcomes your desire. As the textbook for the Patent’s in Commerce(tm) training series we encourage you to apply the PIC model as you read about invention design, patenting, manufacturing and marketing. As a college textbook, we encourage you use the Strategic Guide as a format for teaching your students the invention development process.

With all this said, we’ll make one promise to you. Follow our time-proven tenets and you’ll be successful, make money, and have the time of your life creating the future.

Now go out there and get your motors started. The race is on to invent the future of our country and our society...and you’re going to be in the lead!

Reviews

"Offers a guide to all the steps in bringing a product from drawing board to market."

--Investor’s Business Daily, November 2004

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