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Friday, April 5, 2013

How can I protect my product idea?




Are you afraid that somebody will stole your million dollar idea? How can You protect it?  You have two choices.

Choice one : Do you have the capability to develop it yourself? Then you need not tell anybody. 

Choice two : Do you need the help from other people to develop it  then you need to tell them so that to convince them to join you. Do you need funding then you need to convince the investor. 

Now developing a product is one thing and selling it is another. 

Choice one : You can protect your idea by not selling your product to anybody. 

Choice two : Do you want  others to use or pay for it then you have to convince them. 

In the choice two there are no ways of keeping your idea to yourself. At one point or other the idea will become a public property. We are enjoying many things in our modern world that was first conceived by an individual.   If all people had chosen option one,  our life would have been very different.