April 7, 2008, 5:35 pm
How to commercialize your invention
Licensing a new product successfully can be tough. How can Justin get his new design off the ground? Share your tips here.
CNNMoney.com Comment Policy: CNNMoney.com encourages you to add a comment to this discussion. You may not post any unlawful, threatening, libelous, defamatory, obscene, pornographic or other material that would violate the law. Please note that CNNMoney.com may edit comments for clarity or to keep out questionable or off-topic material. All comments should be relevant to the post and remain respectful of other authors and commenters. By submitting your comment, you hereby give CNNMoney.com the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying information via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNNMoney.com Privacy Statement.
Justin, all I can say is this. The first thing that is absolutely to do, is to protect your idea, with a patent, a trademark, or anything. Before you go to anybody for help. I am speaking of experiences, I was badly bruised and hugely damaged economically, not in your sector, but in the food business. Therefore, if you have an idea, make sure to file a patent or trademark, before you even talk to an expert or advisor on your idea. The only serious investment you should make, and that pays off big time for the future, is the money you spent on patent attorneys. Unfortunately, we live in a world and society where people disrespect you, use you, everybody copies from everybody, and everybody tries to take advantage of the simple, honest, down to earth person.