On several of the inventors’ forums I visit regularly, I’ve read many posts from frustrated, exhausted inventors. I’ve noticed a common thread throughout: the feeling that they don’t have and haven’t had any control over the inventing process. They don’t feel as though they have any control over the future of their product, over its destiny and theirs. Years have passed and they’ve realized that they’ve been waiting for someone else to do something for them. Maybe they’ve submitted their idea to contest after contest instead of calling a potential licensee himself or herself. Maybe they’ve tried to hire invention promotion firms to sell their idea. All without success.
As daunting as the process of bringing a product to market might seem, I need you to believe in a few things. First, that you can do it. And second, that the process is neither impossibly difficult nor incredibly easy. I watch student after student sign licensing contract. It does happen. But you’re going to have to help yourself. There is no one else who is going to be so passionate about your idea, so determined to see it succeed – that passion is the key to your success. Harness it. Don’t let small failures or frustrations diminish it.
The information is out there! What’s stopping you is your fear. Personally, I find waiting for someone else to decide my fate much more taxing and depressing than actively creating my own. If need be, begin working with an idea you don’t care about as much to familiarize yourself with the process. There’s a difference between being passionate about your idea and loving it so much that you’re afraid to move forward. I meet too many inventors who worry that their idea is going to be poached so much that they won’t call any companies! Their idea won’t be poached, but no one will be able to buy it in a store shelf either.
Get empowered. Start acting.
Stephen Key is a successful award-winning inventor who has licensed
over 20 products in the past 30 years. Along with business partner
Andrew Krauss, Stephen runs inventRight,
a company dedicated to educating inventors about selling their ideas
and the skills needed to succeed. You can listen to the weekly radio
show on inventing. Get In The News, list your invention to have media
outlets find you for news stories.