The Inventor’s Guide: 3 Reasons Why You Should Outsource
In a world where handling things oneself has become a symbol of smart saving and having it all together, it’s challenging to accept the idea that sometimes paying someone else to do something is cheaper or has higher returns.
For inventors, their focus should be on bringing their idea to fruition rather than getting into the finer details of the invention process. Here are some of the reasons why an inventor’s most effective use of capital is outsourcing.
One of the main reasons manufacturers should use their capital to outsource is to gain access to technology that they otherwise wouldn’t have. This is necessary for creating a prototype and testing manufacturing processes to see if the product is viable. However, even though creating a prototype is essential, investing in purchasing the expensive technology required to do so would be a waste of funds. Consider the idea of spending upwards of hundreds of thousands of dollars on technology, only to discover the prototype doesn’t work.
Outsourcing to a business with the ability to complete rapid manufacturing on demand will allow inventors to create an initial prototype, alter it as needed, and see how production will work as it scales up. The cost of doing this will be significantly less than purchasing the technology oneself and will give insights into the production process that aren’t apparent during early planning.
Understanding Patent Law
Like most areas of legal expertise, patent law is a complex concept filled with loopholes, jargon, and ridiculously detailed paperwork that is hard to get through without a law degree. As such, going through the patent process and protecting one’s invention is best left to the experts. The main reason for getting a patent on an invention is to make sure someone doesn’t come along and create the same product or use a new manufacturing process you created.
The length of time a patent is viable depends on what’s being patented, and what industry the invention impacts (for example, whether it’s a consumer good or manufacturing technology that you’ve created). If you don’t get a patent, you’ve invested time and money to invent something that someone else can benefit from without paying you.
There’s a surprising amount of administrative work and jobs that require more than two hands when inventing something new and exciting. As the invention becomes more tangible, and you start looking at production, it can be helpful to have someone on your side to help with the process.
Outsourcing to hire an assistant isn’t an expense; it’s an investment. Being able to delegate tasks will help inventors focus on developing and improving their invention so that it might get to the marketplace someday. Outsourcing for assistant work is a smart way to spend money in almost any industry, whether you’re an inventor or entrepreneur.
The sooner an inventor realizes that they don’t have to handle everything and that outsourcing is better for the longevity of their invention, the sooner they’ll make the transition from dreaming to doing. Outsourcing is the most efficient use of capital when trying to bring an invention to fruition.
About the author
Lisa Jones is a freelance blogger and environmental advocate. She writes blog articles such as benefits of using solar energy and the many ways to power your home with a renewable source of energy. Lisa browses GStore to look for high-quality solar panels.