How This Process Works

 

 

This site has been produced by myself – George  Hughes – a long frustrated  inventor –  to help other inventors keep their costs down and help promote their ideas to industry. 

 

It has simplified the path for imagintive inventors to jump between thoughts in their head to having products sat on the shelves and recieving regular income rather than those thoughts being forgotten forever and the world getting no benefit from those wonderous contrivances.

 

By providing Inventors Aid with a brief description of your idea describing what the product or idea will be, with the intention to keep this description to around two sentences, with a simple sketch if needed.

This is then placed as an advertisement to attract interested businesses, much like Amazon does.

 

There would need to be potential benefits shown, where it would show the benefit to the purchaser (manufacturer) of the product, how the final customers will benefit and the likes. In fact, it is a basic sales pitch.

This simple advert is placed on this website for minimal cost to yourself, basically just covering the website costs, and runs for one year – that’s because nothing ever works really fast in business.  In that time you have the option of two changes in your ad over that time for the same product.

That’s it! Nothing else is required from the inventor directly out of his pocket.

At the same time as the advertisement is shown, the inventor would need to supply Inventors Aid with a full, proper description of the project showing full details, to be held by Inventors Aid until the contracts are signed for the manufacturing of your product.

 

Inventors Aid then waits for response from potential manufacturers wanting a better description. Well, not exactly waits. Your ideas will be promoted by Inventors Aid, as if there is no sale, there’s no fee, so we’ve got to get our fingers out.

 

At this point, the manufacturers are required to agree to an NDA (a None Disclosure Agreement) which has the same effect as a patent does in a court of law, so your idea is protected from theft and copying. At the same time your idea is shown to the world, meaning it is publicised, another requirement of the patenting system, so there is nothing for the innovator to worry about.

If a business rejects the idea, then it goes to the next inline through another NDA until it is agreed with ourselves.

When an idea is agreed to, Inventors Aid will work on the inventors behalf regarding negotiations, royalties and time scale with a view to gaining as much as possible for the inventor and also providing contracts to legalize the matter.

Because of this, Inventors Aid will require a small percentage of the retail sales profit as a reward for services rendered after profits are returned to the company and your and our commission is passed on.

Doing it this way, the company takes all responsability for dealing with the finances and you can just sit back and watch your bank balance grow.

The usual return for this system is around 2% – 8% for the inventor and Inventor’s Aid share would be much less, usually around 1.5% of the profit.

 

It must be said, the usual time for ideas to be accepted and production begins can be up to six months. That is the reason for the twelve month advertisement. 

Doing it this way offers the inventor a steady, long term income from profits with only a small outlay initially, or possibly a company may offer to purchase the idea outright. All will be dealt with through Inventors Aid in full agreement with the inventor.

 

On the other hand, this is also a very cheap way to test if your idea has potential for sales or manufacturing before you jump in and waste a fortune on patenting your idea, as, should no manufacturers be interested, then you can assume the idea is a non-starter and keep your hard-earned in your own pocket. 

 

Talking of patent expenses, Inventors Aid will insist the manufacturers pay for the patent themselves, rather than the inventor having to stump up a fortune before he even knows his idea will sell. So that means you’ll be using the manufacturers experience to tell you whether your idea is likely to sell and make a profit or not.

There’s no need for checking for viability in this case, but it may also mean a lower percentage is given by the manufacturer?

 

That is a brief idea of what Inventor’sAid does – it jumps in the gap between bashful or naive inventors and manufacturers looking for potential products to sell.

 

All the best…

George

 

Contact me directly on [email protected] for more info.