Patent Pending! - YouTube

What's going on everybody? Coming back to you with another video giving you an

update on the last video that I sent out to you guys giving you some

information about a product that I was working on that I ran into a couple

of little minor stumbling blocks but really nothing that stopped the project but

it really easily could have stopped the project so I did promise you guys that I would

keep you abreast of the situation that was going on

so a couple pieces of good news first of all when I sat back down with the mentor

and I'll call him my mentor at this point

he made a very good observation and explained to me something that really resonated with me

when we were talking he sat down and told me that the vast majority of businesses

especially black businesses are in the service based industry

they're consultants, they're coaches, they're teachers, trainers, things of that nature

and he said very little of us produce any products. We don't sell anything!

So that really kinda resonated with me as I was moving forward with this project

it started me thinking about generational wealth how much easier it is to grow that wealth

when you have some kind of product to sell got me thinking about how to scale

is a whole lot easier when you have a product that you sell

and also made me think about inventors. You know I'm recording this during black history month

and you see a lot of posts with people commenting about somebody who invented this and

somebody who invented that and you think about peanut butter, the stop light, things of that nature

but who are inventing things right now

and I got to thinking, you know what, I'm gonna be a part of an elite group

somebody in our community who's actually invented something!

So that was another reason I really pushed forward with the idea and not taking no for an answer

or not getting bombarded or not getting

distracted with any kind of obstacles that come in my way.

And so that was another reason why I really pushed forward with this idea

and made sure that I stayed on the right track.

The biggest thing about it was

IT'S NOW PATENT PENDING!

That's right. You heard me say it. My project - invention that I created is patent pending!

That's another topic that I wanted to discuss because I had actually met with an attorney a patent attorney

probably about 6 months ago sat down with him he had an initial consultation with me

gave me some ideas on what the cost structure would look like, process of actually getting the patent

what it all entails and how to go through it step by step by step.

So I had my gameplan in place was continuing to work on the project in my garage and

as I was getting close to completing the actual prototype, the raw prototype

I kinda circled back around to him asked him a question just shot him an email asking him a question about moving forward

and he gave me an answer but the something else happened again

Activity Breeds Activity. When all that stuff starts to come into fruition you see the signs

that you have to capitalize on. So I'm a member of meetup.com

those of you who don't know it's a platform if you will that just talks about different networking and meetup groups

that are in your area. And one of the emails that I received

not too long after talking to the patent attorney was from a group called

the Southeastern Inventors Association.

now obviously having a product that I was working on the title really peaked my interest

So I went ahead and signed up to go visit them and get some more information about the inventions

couldn't stay the whole time and wish I could've had a previous obligation that cut it short but I

got a load of information from that group

enough so that I was able to go back home and the following week I mean like two or

three days later get a software I was able to take all the research that they had recommended

that walked me through the patent process

I was able to take all the research that I had

previously done over the past six months input it into this software to actually write my patent application

include my photos which I already had so again this wasn't something that I just did in one week

I had six months worth of data already set up and I carved out an entire day

from about 8 o'clock in the morning 9 o'clock in the morning to about 6 o'clock that evening

inputting all that information into this database or into this software and then was able to upload that

to the US patent and trade office and I am officially patent pending.

So VERY excited about that it's been an interesting journey so far this is just

the start as always I will continue to keep you guys posted my next course of

action is to start working on getting the official prototypes done market

research is already done I actually have a good friend of mine who probably will be coming in as a partner

or investor who owns a cleaning service

And so we were able to send the prototypes to his staff let them really look at it dissect it

give us some recommendations and I was able to make some tweaks to the prototype based on the feedback that I got from them

so again very important that you get some market research, focus groups things of that

nature before you start going through the process of trying to launch a product

so once I get that prototype set up and field tested a little bit more to make sure it's exactly what I need

it to be then we'll be starting to look for investors

thinking about going maybe the licensing route that's the route that I'm leaning towards right now

unless I can really get some good margins and

opportunities available for actually marketing and selling the product

but if not the route that I'm looking to take is licensing right now

so just want to update you guys on that always talking about black business and with this

video I want to talk about the fact that black business does not have to always be service based

we have to start thinking a little bit broader thinking and looking at promoting and producing products

that we can sell in the marketplace and we don't have to be limited to one

you know this is a very exciting time for me I've had plenty of ideas in the past that I never capitalized on

but had I known how to work that process, and what you needed to do to get something patented

I probably would have three or four products patented by now

but it's never too late this'll be my first of a few if not many so

I will continue to chronicle this process let you guys know how it goes and I look forward to hearing

from you guys in the comments on maybe so products that you're working on if you need any kind of resources

I'll be happy to link those up with you as well so let's get out there create some products lets start building

generational wealth and let's continue to talk black business!