Developing an idea for a new product or service can be a long, difficult process. Whether it’s a product or a service, you must first do your due diligence and research to make sure it’s a good idea. Then, after completing this step, you must work hard to make your idea a reality. It may take several years for an invention to come to fruition, so you must be patient and persistent. During this process, don’t be afraid to ask for advice and consult with others who may have had similar experiences.
Market research

Market research is an important part of launching a new product or service. It can help you identify the number of people who would buy your product and the percentage of those who would be able to afford it. It can also help you determine the profit potential of your invention.
Prewriting

Prewriting your invention ideas is an important step in the invention process. It allows you to come up with many different ideas before committing them to paper. This can be done in several ways, including brainstorming, free writing, or any combination of these. The key is to know what you want to accomplish by prewriting your ideas, so you can tailor the process to meet your specific needs.
Brainstorming

Brainstorming invention ideas is a common challenge for business people. Unfortunately, many brainstorming sessions are a failure, resulting in a lackluster selection of ideas. To get the best ideas, you need to take a few steps to make sure you’re brainstorming in the right way. First, think about what you’d like to create with your invention.
Organizing

Organizing invention ideas is a critical step in creating a product or service that solves a problem. Invention ideas are often developed by taking existing products and technologies and re-imagining them to address a new problem. The process of capturing invention ideas should be systematic and begin as early as possible, because the earlier they are captured the better. Most inventions are solutions to a problem that people are facing. Some examples of this are the short battery life of smartphones or the physical damage that print books cause.
Making a prototype

Making a prototype for your invention ideas can be a very helpful tool in the development of your product idea. This can range from a simple line drawing to a fully functioning production model. The main purpose of a prototype is to help you conceptualize your product idea and think through it before actually launching it into the market.
Protecting

When you have an idea that could be useful to someone else, you should protect it. Not only will it protect you financially, but you can also protect your idea from being stolen. Some examples of ideas that could be protected include medical abstractions or industrial secrets.