IdeaBuyer
Questions & Answers
I have ideas that pop up in my head but I don't know where to start. Can you give me some advice?
Asked by Ashley D. on 9/23/2016
1 Answer
Eric C.11/16/2016
Hi Ashley,
First, you want to make sure your product is unique and solves a problem. Then, you want to research the market and make sure it is unique and growing. If it meets those first two criteria, it may make sense to continue further. You'll want to look at the complexity of getting it produced and competing products in the market. If it isn't reasonable that you could work with companies to get it to the point of a production quality prototype then it may not make sense to move forward. You'll want to work with a team that understands the importance of protecting your IP (and the steps needed to get their with engineering) and the commercial viability of your potential product.
First, you want to make sure your product is unique and solves a problem. Then, you want to research the market and make sure it is unique and growing. If it meets those first two criteria, it may make sense to continue further. You'll want to look at the complexity of getting it produced and competing products in the market. If it isn't reasonable that you could work with companies to get it to the point of a production quality prototype then it may not make sense to move forward. You'll want to work with a team that understands the importance of protecting your IP (and the steps needed to get their with engineering) and the commercial viability of your potential product.
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