I Have An Idea For An Invention But No Money. WHAT NOW?
I’m an investor with trouble: I have an idea for an invention but no money. Is there a way for me to move forward with my idea or even flip my idea into a commercial enterprise with the assets I have? The solution is yes. In this put up, we’ll explore a few answers to the “I have an invention but no cash” catch 22 situations and speak how to get an invention commenced, even in case you don’t have the economic assets you need to complete the manner proper now.
Studies
To begin with, find out about the marketplace surroundings wherein you propose to introduce your product to grow your possibilities of success. Right here are some unfastened studies methods to get you started:
Previous artwork search
Seeing what has been patented and what is already in the marketplace should prevent time, cash, and frustration in the long run. In addition, there are masses of unfastened online assets available for discovering patents (Google Patents) and to be had products (Amazon).
Opposition studies
Searching and analyzing your i have an invention where do i start existing competition will help show what their (and your future) customers do and don’t like approximately the present products. Customer opinions are full of valuable info that you could analyze to apprehend what capabilities your product layout wishes to have or pitfalls you need to avoid. In addition to studying product capabilities, studying your competitors’ marketing method and positioning will provide you with perception on the way to marketplace your new product.
In particular, your competitors’ website info can let you know where their customers are coming from, how they position on google, and even how a great deal they spend on online advertising and marketing and advertisements. You can get this data via equipment like SEMRush or Ahrefs, or similar.
Customer SURVEY
While you’re mastering as how to start cool electronic projects to build, don’t be afraid to immediately convey your concept to customers for feedback. Ask them questions about their wishes and what they might want in a product. Resources like YouMakr and Google Surveys help to get opinions of hundreds and even lots of humans within days.
Free session
It’s desirable to realize that commercial enterprise experts, patent lawyers, manufacturers, and product improvement agencies (like us) sometimes provide unfastened consultations. Even if you tell them, “I have an invention but no cash”, many professionals will nonetheless meet with you and share some recommendations about how to get an invention started. Don’t be shy; ask them as many questions as they could answer. The wealth of know-how you’ll accumulate will help you make educated decisions and observe the installed and confirmed practices and approaches.