By Casandra Escobar
Have you ever said to yourself, “I could have thought of that?” Or better yet, have you thought of a novel idea and months later discovered it being advertised on an infomercial at 2 A.M.? WHAT HAPPEN TO YOUR IDEA!? My personal invention, at the age of 5, was the microwave, only to find out later in life that someone beat me to it!
In this economy our creativity is being called upon. To earn a paycheck from one source – if you’re lucky to be getting a paycheck at all – is not enough. We need multiple streams of income. Based on discussions I have with different people, many often have amazing inventions or business ideas. However, they stop themselves because they feel they lack the capital, or the skill, or the “whatever” else self-imposed barrier. (Key word here is “self-imposed”).
Try this on for size: if you have an invention, register your original idea. Take a read through http://www.uspto.gov/index.jsp to get the full details. You may not have the money at this time to produce the invention, but what if one day someone comes up with your idea? If your idea is registered, you will receive a royalty or other type of payment arrangement, simply because the rights to the invention are yours.