The Independent Inventor's Handbook: The Best Advice from Idea to Payoff

The Independent Inventor's Handbook: The Best Advice from Idea to Payoff


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How do you actually turn a million-dollar idea into a million dollars? From scribble-on-the-napkin to product-on-the market, The Independent Inventor's Handbook explains everything a potential inventor needs to know and the tools he or she needs to use to take a raw concept and turn it into reality.

Written by Louis J. Foreman, creator of the PBS series Everyday Edisons and a holder of multiple patents, together with patent attorney Jill Gilbert Welytok, here's a book that speaks directly to the inventive American—the entrepreneur, the tinkerer, the dreamer, the basement scientist, the stay-at-home mom who figures out how to do it better. (over one million of them file patents each year.) Here is everything a future inventor needs: Understanding the difference between a good idea and a marketable idea. Why investing too much money at the outset can sink you. The downside of design patents, and how best to file an application for a utility patent. Surveys, online test runs, and other strategies for market research on a tight budget. Plus the effective pitch (hint: never say your target audience is "everyone"), questions to ask a prospective manufacturer, 14 licensing land mines to avoid, "looks-like" versus "works-like" prototypes, Ten Things Not to Tell a Venture Capitalist, and how to protect your invention once it's on the market. Appendices include a glossary of legal, manufacturing, and marketing terms, a sample nondisclosure agreement, and a patent application, deconstructed.

Product Details

ISBN-13: 9780761149477
Publisher: Workman Publishing Company, Inc.
Publication date: 05/15/2009
Edition description: Original
Pages: 242
Sales rank: 1,214,960
Product dimensions: 6.90(w) x 8.90(h) x 0.70(d)

About the Author

Louis J. Foreman is a serial entrepreneur with a passion for innovation. He started his first business from his college fraternity room and for the past 20 years has been starting and building successful companies. Louis is the founder and CEO of Enventys, a product-development firm working with major consumer product manufacturers and leading retailers. He is the publisher of Inventors Digest magazine and executive producer of the Emmy ® award winning PBS show Everyday Edisons. He lives in Charlotte, North Carolina.

Jill Gilbert Welytok is a registered patent attorney and a founding partner of Absolute Technology Law Group LLC, specialists in helping independent inventors reach their entrepreneurial goals. She has written several books on legal, business, and technology topics, and lives in Milwaukee, Wisconsin.

Table of Contents

Introduction: The Entrepreneur & the Attorney
Chapter 1: Eureka! Turn an Invention into a Venture
Chapter 2: First Define the Market, Then Design the Product
Chapter 3: Prototyping, Manufacturing & Distributing: A Crash Course
Chapter 4: Protect Your Invention (With as Few Lawyers as Possible)
Chapter 5: Make Your Mark: Branding, Pitching & Selling
Chapter 6: Doing the Math: Licensing vs. Manufacturing
Chapter 7: Money Matters: Finding the Funds to Bring a New Product to Market
Chapter 8: Protecting & Defending Your Invention in a Global Marketplace
Epilogue: Becoming the Next Edison: Your Personal Road Map
Appendix A: Confidential Nondisclosure Agreement (NDA)
Appendix B: Performing a Basic Patent Search
Appendix C: Excerpts from a Sample Patent

What People are Saying About This

From the Publisher

"I have read this informative book and proclaim it highly valuable for independent inventors. For most of my inventive career I have done my own patent writing and much of the ground work on those patents. I have also coached and counseled many other inventors. This book is chock full of great information, helpful hints, and experiential guidance. I learned many new things from it! I highly recommend this book for the new inventor. I wish it was there when I started inventing 40 years ago.
—Harry Roman, 2005 inductee (Inventor of the Year), NJ Inventors Hall of Fame

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The Independent Inventor's Handbook: The Best Advice from Idea to Payoff 3.6 out of 5 based on 0 ratings. 5 reviews.
debavp on LibraryThing More than 1 year ago
I think that if you are seriously thinking about inventing, this book will help point you in the right direction for specialized assistance. There are lots of resources and the book ties in with a website and TV program for everyday inventors. (I have checked into neither of these, but they are metioned in the book.) If you're just interested with the notion of inventing--it could help you decide to go for it or forget about it. It is very repetitive in sections and the layout is actually quite cumbersome and distracting.
MeeksShelf on LibraryThing More than 1 year ago
The Independent Inventor's Handbook was not only surprisingly entertaining but also has a wealth of valuable advice and information that an inventor could ever ask for. This book details some interesting tidbits from celebrity inventions to how the Blackberry got its name. I was very impressed with the depth of information on what it takes to get an idea to fruition. Any inventor looking for some help with making their ideas reality, will certainly find it in this handbook.
msl521 on LibraryThing More than 1 year ago
This book largely reads as an ad for the authors' television show. There is nothing new or unique that can't be found elsewhere. The authors' demonstrate a profound ignorance of computers and the Internet. The design and style are inconsistent.
universehall on LibraryThing More than 1 year ago
Perhaps, in a way, I am not the ideal person to read and review this book. I come to it with the background of a person who (perhaps like everyone else in the world) has had one or two ideas for inventions in their life, but is not particularly an inventor.I wouldn't say that this is the sort of book you sit down to just read for fun. This is definitely more of an informational book that you open up and reference when you have the need for it. That said, I have no problem particularly with the writing style or the way it's presented -- it's just that it's written for informative purposes, not for entertainment.I'd like to emphasize that I do find the book interesting; it is quite interesting from an informative standpoint. I think that -- had I an invention that I was actually serious about designing and marketing -- this book would be an extremely useful find for me. I would highly recommend it for anybody who actually does invent stuff! -- Mrs. Hall
Anonymous More than 1 year ago