Thursday, July 17, 2025
27.2 C
Lagos

How to Start Inventing Things and Get to Market

Every product you use your smartphone, your favorite app, the lamp on your desk started out as nothing more than an idea in someone’s mind. The real challenge isn’t having ideas it’s turning those ideas into something real.

Thomas Edison famously said, “Genius is one percent inspiration and ninety-nine percent perspiration.” That’s especially true when it comes to inventing. Having the idea is just the beginning; bringing it to life and into the hands of customers is where the hard work lies.

⚠️ Disclaimer: This article is for informational purposes only and does not constitute legal advice. Always consult a licensed patent attorney if you’re looking to file a patent or protect your invention.

1. Believe in Your Vision

Turning an idea into a successful product requires grit, self-confidence, and unwavering dedication. If you’re easily discouraged by criticism or rejection, start building resilience now. Most successful inventors will tell you that obsession and persistence are what helped them stay the course.

2. Identify a Real Problem Worth Solving

Ideas are everywhere but the ones that matter most are those that solve real problems. Ask yourself:

  • What problems do I face daily?
  • What frustrates people around me?
  • Is there a better way to do something that already exists?

For example, a hobbyist jeweler might notice that affordable workbenches are hard to come by. That insight alone could spark a profitable product idea, especially if it’s rooted in experience and niche knowledge.

Tip: The best invention ideas come from communities or industries you’re already part of. You’ll understand their needs, habits, and preferences better than an outsider.

3. Conduct Market Research Before Spending Money

Before investing in design or prototyping, validate your idea. Market research helps you confirm if there’s a demand and prevents costly mistakes. According to Patricia Nolan-Brown, author of Idea to Invention, there are six reasons to research the market:

a. Check if the product already exists

Search online and in stores. Look at product names, features, pricing, and packaging. Know your competition inside out.

b. Avoid legal risks

Search for patents that may be similar to your idea. Use the USPTO website or consult a patent attorney to make sure you’re not infringing on existing rights.

c. Gauge demand

Ask your target audience not friends or family if they’d buy your product. Get honest feedback before going all-in.

d. Determine pricing

Research similar products to set a realistic price point. Factor in cost of production, materials, and your desired margin.

e. Identify potential licensees

Find companies that already sell similar products. They could be future licensing partners.

f. Prepare a “sell sheet”

A one-page product overview (with visuals and benefits) will be your pitch tool when approaching retailers, manufacturers, or investors.

4. Validate Your Idea

Validation is the process of confirming that people want what you’re planning to create. This step might include:

  • Pre-launch surveys
  • Small test campaigns
  • Crowdfunding previews
  • Focus groups

Pro tip: Don’t be discouraged if the first version doesn’t click. Many successful products were improved through multiple rounds of feedback.

5. Develop a Prototype and Test It

Once your idea is validated, the next step is prototyping. This is where your concept becomes tangible. You’ll need:

  • A functional model to test usability
  • Budget to create it (consider 3D printing or DIY options first)
  • Feedback loop to iterate and improve

Keep your early version simple. Your prototype doesn’t have to be perfect it just needs to show how the product works and what problem it solves.

6. Protect Your Idea Legally

If your invention is new and hasn’t been patented or sold, it’s time to consider protection:

a. Sign an NDA

Use a Non-Disclosure Agreement when sharing your idea with potential partners, freelancers, or manufacturers before it’s legally protected.

b. File a Trademark

Want to protect your product name or brand? File for a trademark to safeguard your brand identity. You can do this through the USPTO yourself or hire a trademark attorney.

c. Consider a Provisional Patent Application (PPA)

A PPA gives you “patent pending” status and secures your filing date. You’ll have 12 months to file a full (nonprovisional) patent.

d. File a Full Patent (Nonprovisional Patent)

For complete protection, file for a utility or design patent with the help of a licensed patent attorney. This process can be expensive, but it offers strong legal rights for up to 20 years.

7. Manufacture or License Your Invention

Once you’ve protected your idea, it’s time to decide: Will you manufacture the product yourself or license it to a company?

Option 1: License Your Invention

Licensing means you let another company produce, market, and sell your product, while you earn royalties usually between 2%–10% of net profits.

Ideal for: Inventors who want minimal risk, less involvement, and steady income.

Option 2: Manufacture and Sell It Yourself

This path offers more control and potentially higher profits, but it comes with higher costs and responsibilities like production, logistics, and marketing.

Ideal for: Entrepreneurial inventors with capital, time, and the drive to build a business.

Either way, you’ll need a compelling “sell sheet,” a business pitch, and clear value proposition to gain traction in the market.

Every Great Product Starts With a Bold Idea

You don’t need to be a genius or have millions of dollars to invent something valuable. What you do need is determination, curiosity, and a willingness to test, learn, and iterate.

From idea to prototype to market, the journey can be long but it’s worth every step. So if you have an idea, start today. Do your research. Build. Protect. And bring your vision to life.

Hot this week

Affordable Marketing Tactics for Your Restaurant in Nigeria

In the bustling town of Ibadan, a friend of...

Essential Questions Your Business Plan Should Answer for SME Growth in Africa

When Dayo, a young entrepreneur from Ibadan, launched his...

The 6 Most Important Web Metrics to Track for Your Business Website

In a previous post, we explored the best web...

10 Tools to Track Your Web Metrics

Do you truly know what’s happening on your website...

5 Free Alternatives To Microsoft Excel

Microsoft Excel is a powerful spreadsheet tool, but it...

Topics

Affordable Marketing Tactics for Your Restaurant in Nigeria

In the bustling town of Ibadan, a friend of...

Essential Questions Your Business Plan Should Answer for SME Growth in Africa

When Dayo, a young entrepreneur from Ibadan, launched his...

The 6 Most Important Web Metrics to Track for Your Business Website

In a previous post, we explored the best web...

10 Tools to Track Your Web Metrics

Do you truly know what’s happening on your website...

5 Free Alternatives To Microsoft Excel

Microsoft Excel is a powerful spreadsheet tool, but it...

How to Write a Business Proposal

A well-written business proposal can be the key to...

10 Things Every Small Business Needs to Do

Starting a small business is exciting, but it comes...

Should Entrepreneurs Attend Business School?

After a few years in the corporate world, many...
spot_img

Related Articles

Popular Categories

spot_imgspot_img