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From Patent To Profit: Secrets & Strategies For The Successful Inventor, Third Edition
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| List Price: | $29.95 |
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Product Description
Creating a product and bringing it to the market can cost a bundle. With this complete inventor's guide, anyone with a creative streak can avoid potential problems and set a course for a successful launch.
Product Details
- Amazon Sales Rank: #121155 in Books
- Published on: 2004-09-15
- Original language: English
- Number of items: 1
- Binding: Paperback
- 408 pages
Features
- ISBN13: 9780757001406
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
- Click here to view our Condition Guide and Shipping Prices
Customer Reviews
Excellent companion book to Pressman's Patent It Yourself.
I have found this book to be an invaluble asset as I have brought my idea through the patent process, and especially now as I am beginning to market it. From patent searching to explaining the nuts and bolts of the entire patent process I cannot say enough about how well it is written. As well, I have come to the conclusion that without reading this book I certainly would not have known how to REALLY go about getting my product to market! It is written in easy to understand language explaining the do's and don'ts of the entire process. I found the information given about how to detect and avoid the scam artist involved in the invention industry especially interesting. The companion "frompatenttoprofit.com" website was very useful in this regard. What I found most valuable about this read was how well the author details how to bring a product to market with a minimum of resources being spent. An acquaintence of mine so far has poured over $200,000 into his invention with no results. If he only would have read this book first, he would have known how to avoid such risk!
It lives up to its name!
From Patent to Profit is the first book anyone considering developing a new idea should buy. FPTP catapulted me right into licensing negotiations. It teaches who to talk to, how to talk to them, and how to protect yourself and your product. FPTP is very thorough yet easy to read. It takes you step-by-step from idea to profit. A priceless book!
some good, some bad
I read the 3rd (Orange cover) latest edition. A "wannabe" who is prototyping a software idea, I have looked at about 4 books to help me in the patent process.
The Good:
He tells you not to rush your invention. Instead of rushing to file a Provisional Patent Application, I am slowly building the prototype.
The Bad:
1) In the section on patent searching, He mentions only PatentHunter to download patents, which has a per year subscription cost of about a hundred dollars. (On the PatentHunter website I read that it was designed by patent attorney Michael Neustel).
That is fine but I was annoyed to find that no mention at all is made of the completely free resources that can help you download patents like pat2pdf, patentfetcher (you can find them using any search engine).
2) Some places in the book seemed unrealistic and rather exaggerated. He mentions that it costs $250K to fight an infringement and 10 times that for a software patent; that attorneys will be glad to help you fight (for free) if you split the proceeds, so dont worry about infringement.
Who has that much money lying around to spend defending an idea? (Not me). For a more realistic true account, read the good book "Inventing Made Easy" by Tom and Roger Bellavance. One of his inventions was repeatedly and blatantly infringed upon and he lost a lot of money and became disillusioned by it. His conclusion: patents do NOT provide you with any protection unless you are a corporation with deep pockets.
3) Patent Attorneys are not infallible and I think that they can make mistakes every step of the way and simply spending a lot of money and hiring one will not insure you from mistakes. (David Pressman's book "Patent Pending in 24 hours" quotes a mistake made by an attorney in the prior art search)
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I feel that a book like this is better written by a panel of specialists with the inventor's thread running through it. For example, the Inventor writes the inventing section, a patent attorney; the patenting section, a manufacturing person on how to find and negotiate with a manufacturer. etc. That way, you know that he really knows and the book becomes more valuable.
One book I really liked was "How to Go from Brainstorm to Bingo!" by Charles Chick.
