Anatomy of an Invention Scam - Part 3
This is part 3 of a 4 part series providing valuable information every inventor should know about invention scams. In Part 1, I covered the premise for scamming your patent, new product idea, or technlogy.
Last week in Part 2, I defined who exactly is waiting in the wings to take advantage of an inventor?
This week, I am going to share with you, what makes a legitimate service for inventors.
What's NOT a Scam
Here's how to tell if a company offering services to inventors is not a scam. If the company spends no more of its time, or your money, in the process of diligently attempting to determine that your invention is part of the 999 of 1000. If they suggest a majority of the time that your invention is probably not worth pursuing further, then I'd say you have the real deal. Sadly, only a handful of companies in the United States are able to pull this off and stay in business.
Do you realize how hard a sell it is to say to an inventor client, "I'm going to work hard to determine that your invention probably isn't worth pursuing"? Can you imagine all the inventors beating down the doors to hear that sales pitch? And yet, that's exactly what the inventor needs to here if they want to be dealing with a truly legitimate company.
Or, do you think the inventor would rather hear, "I think you have something really great, and we are going to supply you with what you already think you need, sign here, what's your credit card number?" Herein lies the ripest scenario for a scam that could ever be created.
And what adds insult to injury is that the US Patent and Trademark Office, patent law associations, and other supposedly creditable organizations have fallen right into the trap. They publish material to suggest questions that inventors should ask of invention marketing companies, not even realizing where the scam actually lies. And as such, the scam artist can answer these questions with flying colors, and a legitimate invention broker trying to get started in the business get slammed and appear uncredible compared to the scam artist.
Is it any wonder why there are so few new legitimate invention brokers offering services to inventors in the United States and yet so many scams? Certainly if any authority was effective at understanding the problem, we would have some relief, however there aren't and we don't.
Which companies are legitimate and help inventors to commercialize inventions, you ask?
I will cover this next week.
Ron Docie, Sr. is President of Docie Marketing and Docie Development. He is the author of The Inventor's Bible, How to Market and License Your Brilliant Ideas, and has successfully commercialized new products and technology for himself and his inventor clients for over three decades.