Invention Marketing Scams

"Invention marketing scams" refers to fraudulent schemes that exploit inventors seeking assistance in marketing, licensing, or commercialising their ideas. These scams typically target individuals with limited experience in the business or legal aspects of bringing an invention to market. Here's an in-depth overview of invention marketing scams, including their characteristics, warning signs, and how to protect yourself:

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Common Characteristics of Invention Marketing Scams

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Unrealistic Promises : Fraudulent companies often guarantee that your invention will be a huge commercial success, regardless of its viability or market demand.

Upfront Fees with No Results : These scammers demand substantial upfront payments for services like patenting, prototyping, or marketing, often without delivering meaningful outcomes.

Lack of Transparency : Legitimate companies provide detailed plans, timelines, and progress reports. Scammers are vague about their processes or refuse to disclose critical information.

High-Pressure Sales Tactics : They often push inventors to sign contracts or pay fees quickly, claiming limited-time offers or urgent deadlines.

Generic Reports : Scammers provide "market research" reports or feasibility studies that are overly optimistic, boilerplate, or irrelevant.

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Warning Signs to Watch Out For

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No Track Record of Success : Legitimate invention marketing firms can provide evidence of past successes. Scammers often lack verifiable case studies or testimonials.

No Patent Expertise : Some claim to help with patents but do not have qualified patent attorneys or agents on staff.

Lack of Industry Connections : They promise access to manufacturers, retailers, or investors but cannot provide specific examples or references.

Fake Reviews or Testimonials : Fraudulent companies often use fabricated success stories or paid actors to build credibility.

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