So you have an idea for an invention but no money to get started. The good news is there are things you need to do before you get started, whether you have money or not.
With some creativity, you can make great strides in pursuing your invention idea with minimal financial investment. Your time is an invaluable asset, and investing it in learning how to pursue your invention idea is the first move.
You can begin by researching the cost of producing similar products, what they sell for, and their current sales. This will provide a solid foundation to determine the financial viability of your idea.
You can use Amazon to see what similar products sell for. They don’t have to do the same thing as your invention will do, but it helps if they have similar materials, sizes, and components. For example, if your invention has motors and displays, find something with both around the same size as what you think yours is going to be like.
You can also make a rough prototype. This can be anything from parts duct-taped together or a card board box marked up with a Sharpie pen.
Whether you decide it’s an invention to pursue or abandon, you will be making an informed decision that can save you time, money, and disappointment.