3 business ideas based on invention of new products | The Odyssey Online
Start writing a post
Lifestyle

3 business ideas based on invention of new products

A patent confers on its owner an industrial property right over an invention, which mainly results in a prohibition of exploitation by another person of said invention, over a certain period of time and over a given territorial area.

50
3 business ideas based on invention of new products

A patent confers on its owner an industrial property right over an invention, which mainly results in a prohibition of exploitation by another person of said invention, over a certain period of time and over a given territorial area.


This space can be a state or a group of states. If the owner of the patent does not wish to exploit his invention himself, his rights may be licensed. In this article, I am going to talk about three business ideas based on products that have gone through the process of continuous improvement.

1 - An award-winning board game

The table games sector is going through a golden age, new games are coming out every day, and the level of quality has nothing to do with the most emblematic games of the past. A product like Monopoly, for example, is a very long game, with too much weight of chance, a very basic and very unbalanced mechanics. Nowadays, the games that go out to the market go through a testing phase that checks the balance of the game (that no player can take definite advantage with a particular tactic, for example), the time necessary to a game, and there is a lot less random weight.

2- A product that solves a small daily problem

You already know that the best business ideas are the ones that solve problems. No need to reinvent the wheel or be the first to discover the interstellar trip, but give a solution to some customers willing to pay for it.

It is a simple accessory to order and hold your power or connectivity cables. It's something that happens too many: we have cell phone chargers, phones or tablets plugged in near our desk, and we usually leave them there because it's the point we always come back to. However, every time we leave, and despite trying to keep the cables on the table, they tend to fall to the ground, get tangled up, etc. With this product, a very simple solution is given since the cables are held even when they are disconnected.

Right now this product is in the optimization phase of materials, to have an accessory adaptable to any table width, and of course elegant and resistant. This phase is very advanced and will soon be commercialized.

3- Product

We used to talk about table games. If you are familiar with the subject, you will surely meet Carcassonne, one of the most famous strategy titles of recent years. In this game, there are some figurines called "meeples ", which represent the characters of each player.

From there, the idea of the playful coasters marketed was born, where the characters have a very funny look, from the astronaut to the ninja to the pirate. It is a product that everyone may like, but that makes a special grace to people accustomed to board games.

Those are just three examples. In all cases, some inventors connected with business companies, so that their project materialized in commercialization.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
christmas shopping bags

Shopping for your family and friends can be expensive. So why not make something small and cute while not emptying your bank account?

Keep Reading...Show less
Student Life

The Post Thanksgiving Panic And Anxiety

It happens to all of us, the weeks between Thanksgiving and Christmas the catch up with you.

1285
studying

Thanksgiving Break is most likely everyone’s favorite break during the fall semester. You get to go home and reminisce with all your high school friends. That diet you’ve been on for the past month goes out the window, and you get to eat until you put yourself into a food coma. There’s no rush on homework and you can just lie in bed and Netflix to your heart’s content. To me that sounds like an ideally wonderful break, and totally stress-free.

Keep Reading...Show less
Grey's Anatomy

Even Shonda Rhimes, winning creator and executive producer of the hit TV shows Grey's Anatomy, Private Practice, Scandal, How to Get Away with Murder, and The Catch agrees that relationships with fictional characters are real. In her book, The Year of Yes she states, "I have spent more time with Meredith and Christina then many of my actual friends...When you watched TV, even spending a full hour with Christina once a week, you were likely spending more time with her then you spent with most people in your life. That relationship was real."

Keep Reading...Show less
Lifestyle

13 Ways To Become More Festive

How to make the holidays more merry and bright!

2348
winter
Pinterest

Why hello there December! It seems like we just had a holiday season, but here we are a year later starting a new one with our stomachs full and hearts overflowing with thankfulness. If you're anything like me and didn't realize just how close the holiday season was approaching, we need to perk our spirits up for the most wonderful time of the year! Fortunately you have someone on the nice list like myself who can help you out with tips and tricks to become more bright eyed and bushy tailed about this holiday season.

Keep Reading...Show less
dumbbell
Twist Photography

Going to the gym and working out on a daily basis (with breaks once in awhile) has been a great way for me to feel good about myself. It is 100% more than just looking good. Especially after starting college and having the stress and anxiety of tests, assignments, and just figuring out my future, the gym at my school has definitely been a place of relief for me and I have numerous reasons of why everyone should push themselves to get to the gym when they can.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments