Thanks Aldo for your reply.
I wish i could hire a professional, but I am at one of the points in life where so many other things have taken the funds I would need to do so.
Everyone has "A million dollar idea," so I answer your statement that I may have no idea how to value my IP, if you have any IP to value. You are right only that it may not be my IP to value. Fact is, I have had a million product ideas, can't help myself, but this one is easy to value.
Here's why I know we are talking Billions, and I would just like a small percentage of that huge pie for coming up with this service. Say 5 cents on the dollar?
Sure I could make an App, which is what this idea started out as. But then it hit me that I could write the program so it could be added to ANY Operating System, and managed by service providers who will charge a monthly fee.
Even though I've heard a cry for my service from so many users and for so many different types of devices running operating systems, we will narrow this estimate to cell phones for now.
Here's the math:
According to http://www.statista.com/statistics/278204/china-mobile-users-by-month/ In China alone, about 1.29 billion mobile users had been registered In February 2015.
Let's assume the provider charges a modest $1.00 per month for my service.
Let's just say only 1% of users subscribe, and pay for it.
That's $12,900,000 a month to a provider for doing nothing really, the program does the work. That's $154 Million a year in china alone, imagine the world. Not to mention any device with an OS.
Getting a license from the original patent owners is good advice. I was surprised to find that the co. that owned it, was my main target in the first place. Their patented invention doesn't have anything to do with their business, only that the people they hired came up with the idea so they patterned it. I was just adding a feature to my program, and it turns out they own the patent. The feature does not affect the function or results of my service however.
If you are an inventor reading this, I highly recommend taking the time to get a patent attorney. So lucky are the corps. that the average genius doesn't have the money to implement their ideas. I share your pain and frustration. I could not afford an attorney, nor could I meet with any because I live on an island with not one patent lawyer. During my interview with the examiner, he said that he was surprised at how well my application was put together. He also thought that I was a patent lawyer at first. lol
I owe it all to the U.S.P.T.O. and their incredible staff. They are there to help you, and act like it! They made it easy for me because I followed their instructions.
I only made one mistake in my application, and it was an important one.
In my claims, I used a feature that I was unaware had a patent. A patent attorney would have probably caught that, and not included it as a main Claim. So, I will most likely have to go through this whole process again.
In my mind it was only a feature and I was focused on Searching for any similar programs that may have a patent. I did not find any programs like mine, so I felt confident enough to file. In addition, I advise you to act on your idea TODAY, as the prior art that is probably going to prevent me from getting it this time around, did not have a patent when I came up with this idea years ago.
I can only imagine how much money could have been made if my service would have been provided when I first thought of it.
It makes me sad that a person can come up with an idea that would make so much money for others, and not even get paid a tiny little percentage.
This is really eating me because It is my 2nd Billion dollar idea, and I just don't see how I can make money from it other than an app.
It deserves more than an app because that's a quickie and I figured out the way to make it a monthly service, which equals big money for everyone...indefinitely!
So, Aldo if you made it this far, I know you are a skeptic when it comes to Big Money Claims. And you are probably asking what was this other billion dollar idea that I missed out on? Well, I launched Youtube one year before "Youtube" existed. I didn't know what I had at the time, and didn't think broad enough either. I still own the site today but haven't done anything with it. When I checked https://archive.org/web/ I had launched the site 15 months before them. I didn't see the profit potential and let that one slip through my hands.
I don't want it to happen again!
Thanks all for listening and I wish you all the best of luck,
Don't Give Up!!!
P.S. Sorry, I know this site is for asking questions. Moderators please leave this comment up so that other inventors can maybe benefit from my advice and see that we all go through the agony trying to cut even the smallest sliver of the huge pie we bake.