How to turn your idea into a popular product
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- Опубліковано 5 тра 2023
- Stephen and Andrew talk about Patent costs, when to refile your provisional patent application and how to conduct yourself as a professional inventor. Tune in every Thursday, 10 AM, Pacific time on LinkedIn for our Q&A Hour
Learn how to make money from your ideas.
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Hi, this is Stephen Key and Andrew Krauss. We are here to help you make money from your ideas. We started our company inventRight over two decades ago to teach people how to license (aka rent) their ideas to companies in exchange for royalties.
This process is called “product licensing.”
On our channel, we show you exactly how you to take an idea and license it to companies in exchange for passive income.
Today, you do not have to start a business to make money from an idea.
With product licensing, you don’t have to write a business plan, raise money, manufacture, market, sell, or distribute any longer.
Visit our website inventRight.com for more information.
If you have a product idea and need some help, please contact us at:
Phone: +1 (650) 793-1477
Toll Free: +1 (800) 701-7993
Email: support@inventright.com
Email us:
stephen@inventright.com
andrew@inventright.com
Learn how to start a business, how to become an entrepreneur, how to protect intellectual property, how to patent an invention, how to stop people from stealing your ideas, how to prototype an idea, how to contact companies looking for ideas, how to design a product, how to make a sell sheet, how to make a promo video, how to negotiate a licensing agreement, how to get a higher royalty rate, how to do market research, and how to work with inventRight.
Stephen Key and Andrew Krauss are the cofounders of inventRight, a coaching program for entrepreneurs that has helped people from more than 65 countries license their ideas for new products. They are also the cofounders of Inventors Groups of America, an organization that hosts a free, popular monthly educational meeting for inventors online. They have more than 20 years of experience guiding people to become successful entrepreneurs.
New videos every week, including interviews with successful entrepreneurs. Learn from the best! Pitch us your story to be featured on inventRightTV: youtube@inventright.com.
Get your own inventing coach by contacting inventRight at #1-800-701-7993 or by visiting www.inventright.com/contact.
inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.
Reference on this video to any specific commercial products, process, service, manufacturer, company, or trademark does not constitute its endorsement or recommendation by inventRight, LLC or its hosts. This video may contain links to external websites that are not provided or maintained by or in any way affiliated with inventRight, LLC. Please note that the inventRight LLC. does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
I am an inventRight alum, I licensed a product without a patent….on my next product….thank you, inventRight!! #1!
Thank you Kelly!
My sell sheet done by inventright designer. Looks phenomenal. I couldn't be happier with the way it turned out.
Thank you. Our designers are the best!
inventright.com/prototype/
Best channel ever 💯for product designers, soo much knowledge and wisdom from this two gentlemen 👌🏾
Thank you for commenting and watching!
Thanks for all the helpful content, guys! Really appreciate it. Having a meeting to discuss a possible licensing deal this evening and feel much better prepared after watching quite a few hours of your videos.
I'm also from South Africa, so I also find it very interesting about the possibilities of filing patents here.
We have a PPA for our design, but have been wondering when to apply for a patent.
We are talking to a company in Canada... will have to figure it all out.
Thanks again for your helpful content.
Your so welcome. Reach out if you ever need help. - 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/ )
Thank you 👍
Always great to see you Donna. -Andrew
I have several ideas but I am lazy and I don’t wish to do the work, I just want to sell the ideas?
Unfortunately it doesn’t quite work that way. Thanks for watching!
Do I have to have a fda approval for a medical connector?
Hi Rob, No. You could license it to a medical device company and they could get approval. -Andrew
@inventRightTV Thankyou, and what if I sell the piece separately my self. I'm planning on using an autoclav.
@@inventRight Thank you for your time
Hello. What is the probability of obtaining a license for a new technology for processing cattle skin.
It really depends. Does your new process reduce cost, increase safety, make things more efficient. If there is a benefit to a cattle skin processor, I would go for it. -Andrew
@@inventRight Thanks Andrey. I will take your advice.
One more little detail to keep in mind. The USPTO is utterly merciless with deadlines. Businesses have gone under due to missing them and that's simply not their problem.
Absolutely. Make sure you do everything in a timely fashion. Thank you for watching and commenting.
If you haven’t described already, please do. Thank you so much.
-Stephen
I have an idea, I believe would turn out great, I m analyzing the design and some other details, and I don’t have finances, could you guys help me?
You can't have "no" finances as you put it. But you can have very little. I suggest you watch my previous Q&A sessions right here on the channel. Go to the channel page and click on "Live". It's all free. - 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/ )
Hey, Andrew and Stephen, love what you guys are doing. Just a suggestion here: what about holding an inventor's convention (participation fee charged) in the Bay Area for, say one morning or afternoon where there's first the presentations followed by free chats with basically no definite ending time? Or maybe you can talk the local USPTO to sponsor the meeting, but the important thing is that there shouldn't be a definite ending time for free exchange of ideas.
Maybe sometime in the future thank you for watching and commenting!
Hi andrew and stephen. I emailed you both last week. Hoping for a reply soon🙂🙏
Please send again.
stephenkey@inventright.com
Thank you.
Hi all
Thanks for watching and being a loyal fan of the show. Keep inventing! -Andrew
@@inventRight Yes, sure