Blogs | Sat, Oct 28, 2023 2:42 PM
By Inventwell
While your idea may be a revolutionary innovation with a clear demand in the market, it is at risk of going the way of Edison’s electric pen, the Microsoft Table, and Google Glass without a robust branding strategy.
In this article, we take a deep dive into the importance of a strong brand identity for inventors. We’ll cover the essential components of an invention’s brand identity, the steps to build your brand, and how to protect your idea with our comprehensive global patent search.
In addition, we’ll introduce you to Inventwell, a platform that helps you manage your invention. All your requests for quotes, vendor communications, chosen quotes and more are documented, allowing you to see your investment and plan your budget before you begin.
In the ever-evolving landscape of business and innovation, brand identity has emerged as a critical component of an inventor's journey. More than just a logo or a catchy tagline, a brand identity is the essence of your invention, encapsulating its personality, values, and promise.
Brand identity encompasses various elements that collectively define your invention's image. These components include:
Dyson is an excellent example of the power of branding. While we recognize the premium household products by the electric shade of yellow, its logos and taglines aren’t the focus of the company’s brand identity. Instead, Dyson has refined its image to be synonymous with efficiency, ingenuity, and improvement.
James Dyson didn’t believe in the word “brand” and actually banned it from the business’s marketing strategy. However, Dyson clearly understood the importance of his company’s identity, as he focused marketing on storytelling, values, and purpose.
While James Dyson had negative feelings toward the word “brand,” his approach demonstrates how inventors should approach brand identity. Dyson is positioned at the top of high-end home appliances because of the continued focus on innovation. The company’s dedication to providing a comprehensive suite of efficient, high-quality products is communicated through various channels, including:
Building a brand customers can trust goes far beyond a color pallet, logo, and ad campaign. However, these components must complement your vision to provide products to customers that can make their lives easier.
Below, we’ll briefly overview the steps necessary to build your brand identity. While communicating trust in your invention is a never-ending job, the four steps below will give you the foundation to build upon.
As you invest time and effort into building a compelling brand identity for your invention, it's equally essential to safeguard it. Protecting your brand ensures that your unique identity remains exclusively associated with your invention, guarding against potential misuse, imitation, and outright intellectual property theft.
Brand identity is an essential part of being an inventor. It is how your target market perceives and interacts with your invention. If you want to take your invention from an idea to a brand, you must invest in its identity.
Conducting a thorough patent search is the first step in building your brand identity. You don’t want to begin building prototypes or designing marketing materials only to learn that there’s an existing patent somewhere in the world. Inventwell offers a comprehensive, global patent search so you can ensure your invention is eligible for legal protection.
Once you’ve confirmed there isn’t an existing patent, you’ll need legal representation to protect your brand identity and other essential aspects of the product when you go to market. You can use Inventwell to find qualified patent attorneys, CAD designers and branding vendors that can help you bring your invention to a professionally designed and protected prototype, ready for investors, venture capitalists and/or customers. Each step in the process, requests for quotes, vendor communications, chosen quotes and more will all be documented so you can see your total investment before you begin. It also helps at tax time.
If you are interested in how Inventwell can help you curate and protect your invention’s brand identity, sign in to www.inventwell.com, request quotes from the qualified vendors for each step, see your potential investment and prepare your budget.