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This title in other editionsOther titles in the Inventor's Bible: How to Market & License Your Brilliant Ideas series:The Inventor's Bible: How to Market and License Your Brilliant Ideasby Ronald Louis Docie
Synopses & ReviewsPublisher Comments:You've just invented a new technology, a must-have product. So what now? Patent it? Manufacture it? Sell it? If you're like most would-be Edisons, chances are your stroke of genius will collect dust waiting for you to plot your next move. Fear not, intrepid creator—inventor and author Ronald Louis Docie Sr. shares more than 20 years of valuable insight in this revised and expanded edition of THE INVENTOR'S BIBLE, which now includes a workbook to help you take your ideas from concept to profit. With everything you need to know about marketing, licensing, and selling your invention, this comprehensive handbook will also help you figure out what your invention is worth, which companies might want your ideas, and what steps to take first. You dreamt it, you created it, and it actually works—let THE INVENTOR'S BIBLE pave the way to your first million. Revised and expanded guidebook to protecting, patenting, marketing, and selling inventions. New 64-page pullout workbook walks inventors through each step of the process. Explains how to save thousands of dollars in patent costs.
Download the Patent and New Product Marketing Workbook PDF here.Reviews “The book offers an easy-to-understand process for licensing an invention and covers all the necessary steps, from patenting to negotiating a licensing agreement.”—Entrepreneur“Inventor Ronald Docie uses real case studies to tell everything you need to know to market, license, and sell inventions.”—Fort Worth Star–Telegram“[Docie] has written the book on being inventive.”—Country Living Magazine “This is the definitive book on product licensing for the independent inventor!” —Ed Zimmer, The Entrepreneur Network “This remarkable and useful book is also a pleasure to read. Inventors who read THE INVENTOR'S BIBLE and follow its step-by-step instructions can now more easily reap the rewards of their own ingenuity. A must for inventors.”—Hugh Downs, Network news anchor “[A] primer for beginners and a detailed overview for experienced inventors. [The] book makes it easy to research the market, develop a strategy, and take ideas from concept to profit in record time.”—New Equipment Digest “Solid, personal and authentic.”—Miami Herald “Glean advice from the experts and save valuable time and money by accessing the information, tips, and resources listed in this comprehensive inventor's guide.”—HOMEBusiness Journal“Docie presents a refreshingly frank approach to invention development, protection, and marketing. His advice on 'tiered risk' alone may save inventors—both neophytes and seasoned—thousands of dollars as well as invaluable time. His book is a must for the desk of every serious inventor.”—Jack Lander, President, United Inventors Association and VP, Yankee Invention Exposition and Yankee Entrepreneur Workshops “I can recommend THE INVENTOR'S BIBLE without reservation as a most valuable resource for the independent inventor who is looking to develop and bring an invention to market. . . . clearly reflects in-depth and long-time experience in the field of invention development and marketing. It is well written, very readable, and quite thorough in describing what needs to be done by the independent inventor . . . to successfully get an invention into the marketplace. The 'how-to' aspects of THE INVENTOR'S BIBLE are extraordinarily detailed.”—George Lewett, former Director of Technology Evaluation and Assessment, U.S. Department of Commerce“Rarely does a book come along that provides an accurate and thorough explanation of the invention process. The real life stories and quotes not only provide for interesting reading, but also adequately warn inventors of potential pitfalls commonly encountered. I unconditionally recommend to all inventors and businesses.”—Michael S. Neustel, Patent Attorney and Director, National Inventor Fraud Center “Ron has outdone himself! In my opinion THE INVENTOR'S BIBLE can be considered the good book for inventors. What you have here is an excellent guide with rock-solid information that will definitely steer inventors on the right course. But it's also intertwined with Ron's personal experiences, which will help inventors be more realistic. Whether you're thinking of inventing or are already a professional in the inventing field, Ron's book is easy to read and he covers a lot of territory very well. Chock full of information, tips, words of wisdom, and resources, will teach, prod, and motivate readers.”—Stephen Paul Gnass, President/Executive Director, National Congress of Inventor Organizations and Founder, Invention Convention® trade show and inventionconvention.com “THE INVENTOR'S BIBLE takes readers from Genesis through Revelation in the convoluted world of inventing. This is the book that every inventor needs to read. Ron's been there and done that, and now he shares his expertise. Before spending a dime on patents or services, get this book.”—Ed Sobey, Ph.D., President, Northwest Invention Center “I've been an inventor for over 30 years and I believe this book could have saved me much time and heartbreak had I read it when I was beginning my invention career. Please read it and take notes! It is a God send!”—Stanley I. Mason, Inventor of granola bars and disposable diapers, and holder of 55 patents “THE INVENTOR'S BIBLE is an excellent collection of practical information useful to all inventors, based on the author's personal, extensive experience. The text is not presented from a legal viewpoint but rather follows essentially a business and financial path, which an inventor who hopes to be financially successful should consider.”—Don Banner, former Commissioner of the U.S. Patents and Trademark Office “Inventors should add THE INVENTOR'S BIBLE to their bookshelves immediately, but be certain to keep it within easy reach. This book is a powerful compilation of useful advice from one who's already been down the rocky road to invention commercialization. Ron Docie has a lot of experience to share, and he does so in an organized fashion.”—Don Kelly, CEO Academy of Applied Science, Inc. “A must-read book for every independent inventor. His book helps bridge the gap between creativity and marketability, addressing such vital questions as commercialization, market and industry research, and assembling the type of help that can make an invention a profitable reality.”—Invention-protection.com Synopsis:The Definitive Guide for Inventors
Features the PATENT AND NEW PRODUCT MARKETING WORKBOOK that takes you step-by-step through:
• Protecting Your Idea (choosing the right steps) • Patenting (how, when, and why) • Selecting Manufacturers (that will do the best job) • Finding the Best Markets (and expanding opportunities) • Developing a Strategy and Market Plan (that fits perfectly into business plans) • Presenting Your Invention to Companies (without getting ripped off) • Negotiating the Best Deal (and how to hire the best advisors) Synopsis:Revised and expanded edition. About the AuthorRONALD LOUIS DOCIE SR. sold his first invention more than 20 years ago—a safety mirror for vehicles that sells over a million units per year in stores like Kmart, Pep Boys, and Wal-Mart. Docie is a past president of the Ohio Inventors Association and the founder and president of Docie Marketing, a company providing invention commercialization services to inventors and entrepreneurs. He lives in Athens, Ohio. Table of ContentsContents
foreword xiii
Introduction 1 The Climate for Independent Inventors 2 Why Did I Write This Book? 3 What Is in This Book? 3 The Meaning of Success 4 Case Study: An Automotive Accessory (Part 1) 6
Chapter 1 Commercialization 101 11 Moving from the Drafting Table to the Store Shelf The Dilemma of Perceived Value 11 Is the Clock Ticking? 13 Prototype, Patent, or Market: Which to Do First? 13 Research Your Industry: The Real First Step 14 Is Licensing Your Invention the Way to Go? 16 Marketability versus Licensability 19 What Do You Have That You Can License? 20 Whom Can You License To? 22 So What Does It Take? 23 Keep It in Perspective 24 Case Study: Tire Technology 25
Chapter 2 Timing Is (Almost) Everything 31 Formulating Your Patent Strategy and Protecting What’s Yours Just What Is a Patent? 32 How Necessary Is a Patent? 32 Safeguarding Your Proprietary Property 32 Patent Searches 34 Provisional Applications 39 Shop Rights for Employers and Institutions 40 Patent Partners 42 Some Strategies for Patent Holders 44 Foreign Patenting 46 Case Study: An Automotive Accessory (Part 2) 47
Chapter 3 Market and Industry Research 51 Your Ticket to Free Expert Advice and Lasting Business Relationships Just Talk to People 51 Market Position 55 The Consumer Product Pipeline 56 Pull-Through Sales 61 Mail-Order Markets 62 Interviewing for Industrial Inventions 64 Trade Associations 66 Trade Shows: What’s in Them for You? 67 Test Marketing 74 Why Interviewing Works 78 Anticipated Costs and Timetable 78 What’s Next? 79 Case Study: An Automotive Accessory (Part 3) 80
Chapter 4 Time to Pick the Lineup 83 Qualifying and Contacting Appropriate Licensees The Smooth Success 84 Picking the Lineup 86 Making Contact 90 What Decision Makers Can Tell You 91 Disclosure Agreements 97 Your Own Disclosure Agreement 99 Patent Strategy, Continued 104 Your Next Steps 105 Case Study: The Picture Perfect Deal? (Part 1) 107
Chapter 5 The Plan Comes Together 113 Submitting to Companies and Forming a Commercialization Strategy A Few Words about Strategy 113 What to Submit 115 Initial Responses from Key Decision Makers 118 Determining Your Invention’s Market Value 120 Foreign Licensing and Patenting 124 Structuring a Licensing Deal 126 Joint Venture Opportunities 128 Life after Rejection 130 Case Study: The Picture Perfect Deal? (Part 2) 133
Chapter 6 Brass Tacks 145 Negotiating Your Compensation and Other Contract Terms Royalties 146 Some Thoughts on Negotiating 147 The License Contract 148 Negotiating Contract Terms 149 Contract Terms 151 Other Terms 167 Who Will Determine the Terms and Conditions? 169 Case Study: An Automotive Accessory (Part 4) 171
Chapter 7 Victory through Teamwork 175 When to Use Professional Help and How to Find the Best Help with Patents 175 Help with Commercializing Your Invention 177 Help with Patent Infringement 180 Case Study: An Automotive Accessory (Part 5) 186
Conclusion The End of the Rainbow 195
Afterword The Future for Inventor’s Agents 197
Appendices 199 Appendix A--General Information Concerning Patents 199 Appendix B--Patent and Trademark Depository Libraries 216 Appendix C--Invention Evaluation Criteria 221 Appendix D--Risk/Reward Ratio Chart 225 Appendix E--Simplified Steps: A Quick-Reference Flow Chart of the Invention Commercialization Process 229 Appendix F--Disclosure Agreement 232
Resources 235 Government Contacts 235 Government Programs 236 Patent Searching and Patenting 240 Private Organizations 241 Publications for Inventors 245 Research Resources 245 Small Business Resources 249 Special Resources 251 Trade Shows 253
Glossary 255
Patent and new product marketing workbook 267
Index 354
About the Author 361 What Our Readers Are SayingBe the first to add a comment for a chance to win!Product Details
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