How to License a Big Idea

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  • Опубліковано 26 сер 2024

КОМЕНТАРІ • 96

  • @robsproducts
    @robsproducts 2 роки тому +9

    #6! This is the biggest roadblock for me at the moment. Finding people that would like to operate as a team. If there are any design/business minded people out there that would like to talk about teaming up on some projects we should chat. I have dozens of product ideas, but just don't have the bandwidth to action them all!

    • @stephenkey3137
      @stephenkey3137 2 роки тому +5

      It’s not easy to find people to work with. Join local meet up groups. Be very active on social media with other innovators.

    • @robsproducts
      @robsproducts 2 роки тому +1

      @@stephenkey3137 thanks Stephen! Covid put a wrench in those types of things, but time to start it up again I think. I've had a few brands reach out to me over IG after posting some renderings and have begun talks w a brand about licensing my first product but decided to take the posts down as your book talked about keeping ideas off of IG. Its hard bc it's a great platform to find likeminded ppl, but it's the people that DON'T reach out to you that you have to worry about stealing an idea. Cheers!

    • @offgridhomesteaders863
      @offgridhomesteaders863 8 місяців тому +1

      Yup same here

    • @minnielouoliver9183
      @minnielouoliver9183 5 місяців тому

      Great idea 💡 liked your advice ​@@stephenkey3137

  • @justinjohnson6082
    @justinjohnson6082 2 роки тому +4

    Thank you Mr. Key I'm currently on book # 3 of 4 and all I can say right now is Stand By and Stay Tuned

  • @demetriathomas2339
    @demetriathomas2339 2 роки тому +8

    This was a GREAT VIDEO!! Im currently in this situation. Creating demand is huge and you are absolutely right..a team is needed!!

  • @bjarneholmstrm8171
    @bjarneholmstrm8171 2 роки тому +7

    Great video, and I love the new intro jingle, short fast and gentle sound.

    • @stephenkey3137
      @stephenkey3137 2 роки тому

      Thank you!

    • @inventorcreator7267
      @inventorcreator7267 2 роки тому

      I agree, thank you for the new intro.....and a great video. Currently in one of my "big" ones. Several PPAs and over 30 more pre-written ready for timing. My procrastination still delays me, but this is motivating again. Thank you for all your years of videos, books and helping so many of us.

  • @kellyehrenman8524
    @kellyehrenman8524 2 роки тому +2

    Team work makes the dream work!!

  • @AngelicaFWhite
    @AngelicaFWhite 2 роки тому +2

    Great content Steven. A note on team: Sara Blakey was a solo entrepreneurs and sold her company for over $1 billion.

    • @stephenkey3137
      @stephenkey3137 2 роки тому

      That’s truly amazing. But I think fairly unusual. Thank you for commenting.

  • @Hopeinformer
    @Hopeinformer 2 роки тому +1

    I love that intro much more than the other one. It's short and simple.

  • @alexsedgwick4546
    @alexsedgwick4546 2 роки тому +2

    That looks like an awesome product! I have concept systems / product concepts in trucking automotive and transportation. A lot to pinpoint where which to start with. Any suggestions?

  • @dmc133
    @dmc133 2 роки тому +3

    Thanks for sharing!

  • @dulcie82
    @dulcie82 2 роки тому +2

    I have a big idea with no team. Can I get a prototype and license the idea?

  • @samp4050
    @samp4050 2 роки тому +3

    Interesting info for inventors, as always, thanks Stephen.

  • @TheHector20
    @TheHector20 2 роки тому +2

    Thank you Stephen, great content. Can’t wait to see the Fishbone package….

  • @lamontmyers3951
    @lamontmyers3951 2 роки тому +2

    Do you ever work on joint ventures.

  • @kiwifloorsolutions3088
    @kiwifloorsolutions3088 2 роки тому +1

    Great video... always like this channel.

  • @pietroguglielmini1417
    @pietroguglielmini1417 2 роки тому +2

    Dear Stephen,
    Is a product concept protected globally once I license it? Or does it differ from one country to the next?
    In my instance, I reside in Italy; if I license a concept in my country, would it be protected even in the United States, Canada, China, and other countries?
    I'm a big fan of your stuff, and I'm a big of of yours. Continue your good work!

    • @stephenkey3137
      @stephenkey3137 2 роки тому +1

      It all depends. If you have filed in other countries of course you’ll have protection. But today I’m afraid it’s hard to police the knock off’s. The best protection is sell first sell fast and license it to a company that has great distribution.

  • @jasonmoore951
    @jasonmoore951 11 днів тому

    I have a patent on a gutter magnetic mount for cameras and dont have the first idea on how to market it any suggestions would be great

  • @zaviahopethomas-woundedsou9848
    @zaviahopethomas-woundedsou9848 2 роки тому +2

    Great new product!

  • @user-vo1wg7ub5n
    @user-vo1wg7ub5n Рік тому

    Thank you were a great help. I have a big idea medical shower scooter for amputees cancer, patients hip replacement.

  • @dwdesvoigne5988
    @dwdesvoigne5988 2 роки тому +2

    A point of difference and wow factor check. Scalable? that is a new one for me. Cost; cost is an issue because it will require retooling ins some cases, but the actual product is a little less than the current product, it would replace. A prototype I can build myself. TEAM. Create demand; that was done for me already. "Don't try to Licensee a big idea by yourself" How is that any different from your point 4 "You need a team"? 7 I already have a provisional patent. the biggest problem is that the team I have doesn't understand the product, the engineering, nor do they see the application, and I already paid them. They also pulled a fubar when they weren't talking to me and they needed to be doing that. I have a rare talent I can take a drawing, schematic or blueprint and get a 3D picture in my head then turn it any way I want to view it. I have been doing this all my life. but I can't draw and the first time I saw what they created was on a professionals drawing after it was submitted to the US patent office. I never knew my talent was something special until I graduated college at 50. They misunderstood a simple set of written instructions, and draftsmen do not think outside the box.
    Thank you so much for the tips.

  • @samp4050
    @samp4050 2 роки тому +2

    I have many inventions, and improvements on existing products, especially kitchen products.

    • @inventRight
      @inventRight  2 роки тому +2

      Are you taking action on them? A great place to start is Stephen's book "One Simple Idea" - many people have licensed their ideas by following the process it lays out in detail. You can find it for free in libraries in the U.S.

  • @stevelawrence5268
    @stevelawrence5268 Рік тому +1

    I especially like this vid because for an innovation i have on quiet introspection a big idea horizon can be appreciably navigated because market relativity would sustain product fixity but when the product is a definite game changer of unlimited capacity then the narrative of such changes easily favouring the industry and not the innovator.

  • @kpaxkpax1212
    @kpaxkpax1212 2 роки тому +1

    Thank you for the great informations, i have a design idea that could be applied in big supermarkets that's increase sales, i worked in sales and ditigtal marketing, and I have tried implementing this design in home appliances sales and it increased sales up to 300 % or more for some categories in different time of the year, I'm working now on my designs for big supermarkets.. My question is : I live in syria and i want to get this design patented and offer it to big malls and supermarkets. What are the procedures to make this happen , regarding this idea will make a lot of revenues to the ones who use it.. I'm sorry for the long question .. Thank you greatly...

  • @veesoho93
    @veesoho93 2 роки тому

    Thank you Steven and congrats !

  • @609_
    @609_ Рік тому +1

    I look forward to meeting you.

  • @shuso9619
    @shuso9619 6 місяців тому

    Excellent

    • @inventRight
      @inventRight  6 місяців тому

      Thank you. Keep Inventing! - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

  • @user-or1jr3iz2f
    @user-or1jr3iz2f 10 місяців тому

    I have an idea for a product. How can I get in touch with you sir

  • @holyholy4902
    @holyholy4902 2 роки тому +1

    how much percentage is royalty ?

    • @inventRight
      @inventRight  2 роки тому

      Standard is about 5% on the wholesale price.

  • @kentheengineer592
    @kentheengineer592 2 роки тому +1

    How do I know whether or not my future prospect invention has not been patient or is currently selling

  • @kennethadams4956
    @kennethadams4956 2 роки тому +1

    So without further delays,how do I meet this team.cause they cannot do this without me.isnt it true that ,in order to build a big idea or any idea,that the inventor 🌱 must be willing to go That extra mile from start to finish,not start an back out later? An what if the big idea guy has more than just 2 big ideas?

    • @inventRight
      @inventRight  2 роки тому

      There’s many ways to find like-minded individuals. Get out there and network!

  • @meetalg
    @meetalg Рік тому

    Incredible video 🎉

  • @kennethadams4956
    @kennethadams4956 2 роки тому +1

    The ideas I have are np, showing multiple demand,for each product I have.could I be as bold enough to say that the world 🌍 needs the first 1 now,really all my design's 🕊️

  • @quinlansee1
    @quinlansee1 Рік тому

    thanks for this Stephen, I think I was under the impression you can roll up to a company and just license an idea you sketched out on a napkin. Sounds like you need at least some solid protos, and probably a full team behind you..

    • @inventRight
      @inventRight  Рік тому

      All depends on the company and the idea!

  • @thabangmashabela6837
    @thabangmashabela6837 Рік тому

    How do you determine if an idea is big?

  • @jeromewatson4757
    @jeromewatson4757 2 роки тому

    THANKS

  • @franwalsh6662
    @franwalsh6662 Рік тому +1

    I was asked for $195 to get me product licensed should I pay? they are a very big company

    • @inventRight
      @inventRight  Рік тому

      Sounds fishy

    • @franwalsh6662
      @franwalsh6662 Рік тому

      Thanks I was a bit shocked with a big company asking such as theirs.

    • @inventRight
      @inventRight  Рік тому

      I’ve never heard of this before.

  • @kennethadams4956
    @kennethadams4956 2 роки тому +1

    What am I chop liver.i got no response?

    • @inventRight
      @inventRight  2 роки тому

      We tried to answer each question. But with over 800 videos it’s difficult at times. To answer your question to meet others you have to network. Meet ups, conferences, seminars, and tradeshow.

    • @kennethadams4956
      @kennethadams4956 2 роки тому

      Well sure grateful to hear back from you✝️🕊️, I'm still on track , a big company's idea is right, a team🙂put together, will surely be needed ✍️ ...a ppa, 🌍I don't think is going to address the shear size, residential and commercial,as well as (how many) patents from a single idea are allowed.🕊️

  • @YodamboY
    @YodamboY 5 місяців тому +1

    what does it mean to file a ip that has value? LIke spending a lot of money on lawyers to file the ip?

    • @inventRight
      @inventRight  5 місяців тому +1

      No. It means doing your homework. Filing on something that’s unique. Filing on something that people actually want. And filing the details on how to manufacture it.

    • @YodamboY
      @YodamboY 5 місяців тому

      @@inventRight ah okay thanks for the information

  • @amarjithmk5791
    @amarjithmk5791 6 місяців тому

    I have some ideas,how can i sell them?

    • @inventRight
      @inventRight  6 місяців тому

      You can do what's called licensing. Check out our web site www.inventright.com to learn more. - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

  • @ericcastle7296
    @ericcastle7296 2 роки тому

    What about electronics idea

    • @inventRight
      @inventRight  2 роки тому

      You can license them of course. - Andrew Krauss, inventRight Co-Founder

  • @Aflash1
    @Aflash1 Рік тому

    Can you help me license my invention?

    • @inventRight
      @inventRight  Рік тому

      Yes. Give us a call at 650-793-1477 or book a call here. inventright.com/contact/ - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

  • @jameywhitman972
    @jameywhitman972 Рік тому +1

    i need to talk to u
    asap

  • @kennethadams4956
    @kennethadams4956 2 роки тому +1

    ??🌟🕊️

  • @Pocketsnuggies
    @Pocketsnuggies 2 роки тому

    What would your advice be for someone that has ideas and just wants to sell their ideas for products?

    • @inventRight
      @inventRight  2 роки тому

      Study our methods and commit to taking action.

  • @dulcie82
    @dulcie82 2 роки тому

    What if you know they don’t have that idea.

  • @dannysmith9359
    @dannysmith9359 2 роки тому +2

    I think there running out of stuff to talk about. All new video are repeats of old vids

    • @inventRight
      @inventRight  2 роки тому +1

      Danny, thank you sincerely for helping celebrate Fishbone cofounders Kevin L'Heureux and Keith Elliot commercializing their new sustainable packaging innovation in a major way! They have been working relentlessly for years and years, and now their product is on stores including Albertsons, Safeway, Harris Teeter, ACME, Lowe’s Foods, Tom Thumb, Randall’s Foods, Price Chopper, Tony’s Finer Foods, IGA, and a growing list of other retailers. We certainly feel this is deserving of another video. It's not everyday a packaging innovation that Stephen helped commercialize comes to market. Find out more: fishbone.com

    • @stephenkey3137
      @stephenkey3137 2 роки тому +2

      No way Danny. All of those 700 videos are unique:)

    • @dannysmith9359
      @dannysmith9359 2 роки тому

      @@inventRight I respect you and your team. I didn't watch the video because it's a similar title. I will watch it. Keep up the great work you've educated me so much.

    • @dannysmith9359
      @dannysmith9359 2 роки тому +1

      @@stephenkey3137 I watched the video. It was a bit different. 1 question Mr Key . If someone has a big idea and you love it will you get on board like you've done with fishbone

    • @stephenkey3137
      @stephenkey3137 2 роки тому

      It’s very unusual Danny that I take projects on. But if it’s in the packaging industry I will look at it.

  • @schnitzelschnizel9448
    @schnitzelschnizel9448 Рік тому +1

    Get checked for Sleep Apnea.

  • @truthfreedom7919
    @truthfreedom7919 Рік тому

    Can you help me with my good Idea.there is nothing like it..I Whant to help America save Gas ,If I make good money I like to help make money to buy electric wheel chairs to those that need them . eventually help my Family.Give a Donkey a chance.

  • @GallahersGreen
    @GallahersGreen Місяць тому

    Spoke a lot but didn't really say anything..