How to Make a Living As an Inventor
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- Опубліковано 8 лип 2024
- Dropping in from vacation on Flathead Lake, Montana, successful inventor Stephen Key offers his best tips and advice for making a living from your invention ideas. For many years, Stephen supported his family with the income from his licensed inventions. Today he is also the cofounder of inventRight, a coaching company that empowers inventors with the knowledge, resources, and hands-on guidance they need to license their product ideas onto the market.
Stephen Key and Andrew Krauss are the world's leading experts on how to license a product idea. If you have an invention idea, this is the show to watch. Steve and Andrew are the cofounders of inventRight, a coaching program that has helped people from more than 60 countries license their ideas for new products. Visit www.inventright.com for more information and to join the one-one-one coaching program.
If you have questions about how to invent, how to be creative, design, how to do market research, prototyping, manufacturing, negotiating, pitching, how to sell, how to cold call, how to reach out to open innovation companies, licensing agreements, non-disclosure agreements, patents, copyright, trademarks, and intellectual property in general - subscribe to inventRightTV! New videos every week, including tons of entrepreneur success stories.
Inventing can be lonely, but you don't have to go it alone! Join the inventRight community for priceless inventor education, mentorship, support, accountability, hand-holding, honesty about the invention industry, and so much more.
Contact us at #1-800-701-7993 or www.inventright.com/contact.
This is the book you need to license your product idea: “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: amzn.to/1LGotjB.
This is the book you need to file a well-written provisional patent application: “Sell Your Ideas With or Without a Patent.” Find it here: amzn.to/1T1dOU2.
Determined to become a professional inventor? Read Stephen's new book "Become a Professional Inventor: The Insider's Guide to Companies Looking For Ideas": www.amazon.com/gp/product/165...
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.
Thank you Stephen, you deserve all this and more! Enjoy this wonder place!
Man this is so cool I was just remembering myself as a kid sayin I wanna be an inventor so I found this video and man thank you I forgot I’m an idea factory by nature
Thank you so much for commenting and watching!
Love your videos! Thank you for sharing your knowledge! My notebook if filled with ideas I just need to stop procrastinating!!!!
Another great UA-cam vide I must save! You would not believe how many I have saved! Thank you Stephen Key.
Stephen key is my idol I have so many ideas my big one is just on verge of launching I will not give up so I can seek a great life like Stephen key
What of if I tell u that I can make u become a very successful and well know inventor ?
Thank you, Steven, for another excellent video! I tried to look for Eventbrite TV to get info on videos on sell sheets but I could not find it. Do you happen to have the link? Thank you!
What of if I tell u that I can help u become a well know business man
Good stuff Stephen. I was forced to abandon a patent during the pandemic but I may have been rushing it being fearful..
Now I've revised and made it better while also growing somewhat of a community on LinkedIn.
Never heard of a sell sheet so thank you for these tips ..it's the best video I've seen.
Have a blast! Love it Stephen! Montana looks as beautiful as Muskoka here in Ontario, CAN!
Southern Georgian Bay. Our paradise! And, damn, we canucks are full of wild ideas!
.thank you stephen for that encouragement.
This was great! Thanks Stephen!
Such sound advise, thank you so much!
Wow ! Beautiful Montana ! Thanks for the information, Stephen !
Thanks for watching!
Stephen why don't you do your own TV show for inventors! We would all tune in!
Hi Stephen..ok..So you're saying sellsheet BEFORE the PPA?
Technically if I want to be smart reach out to companies first to make sure they are open for you to submit ideas to them. Then file a PPA then produce the sell sheet. Please recognize not all industries require intellectual property. That’s why reaching out to them first and understanding their process can be helpful.
I can create a lot of ideas in a day, I have spent all my teenage observing nature and now as a divergent thinker I am making my convergent skills better like programming, can't wait to spend life in this starting my own invention center
Sounds exciting thank you so much for commenting. Please subscribe if you haven’t already.
-Stephen
Thank you. I love you. God bless you more.
Thank you
great video
I’m not in this business,I’m trying to become inventor,have many ideas,some big ideas worth billions,transforming industries,so I’m just here to learn how to do it..how to get from billion £$€ idea to getting done what needs to be done...at moment learning..don’t want to mess up...so here I am,saying thanks for all info and tips,when I’ll get there,I’m inviting you to sail around the world on my future boat
What of if I yell u that I can make u a very successful inventor how will u fill ?
@@griffinmilks3323 what you mean buy how will I fill?
@@ligaskirbauska8652 will u like it thats what I mean
@@ligaskirbauska8652 because I have helped a lot if people before and after they have made it they will just turn their back at me , but I still keep on helping because I fill that helping may be what God created me for
Wow jay Jason you are an inspirations
Hi Stephen thank you for your video. Can I license food and beverage products?
Another jewel 💎 video thanks Stephen!
Thank you!
Thatd be the dream ... as someone highly creative but not great at engineering I will need a team.
Thank you so much for the insight 🙏🏼... I created an idea for a fashion house but they did not accept it, been calling different designers . Not giving up •
What if I tell u that I can help u become a well know fashion designer in ur country how would u fill ?
@@griffinmilks3323 will be ready to listen.
@@effiongedubio3546 let's talk more privately with
@@griffinmilks3323 Edubioeffiong@yahoo.com
love the advice and energy
Thank you!
may god give me ability to be an inventor..
I have an idea for an invention that will sell out fast. You know the O Cedar mop and bucket with the spinner you step on to wring out the mop? We need a manual washing machine that works like that. If there is a cyber attack or major black out, how will we wash our clothes? And think of all the tiny homes that want to live off grid? I know this idea is a winner. We really only need the strainer/spinner device to fit over a bath tub and the bath tub can be the basin for the washing machine. You run the water, add detergent, soak the clothes than agitate the clothes with the spinner. There should be a way to raise or lower the spinner whether you need an agitator or strain to shake off the water. The, you can either run the shower over the clothes to rinse them or a water hose but then they will need to be spun again to throw off the excess water untill all the detergent and dirt have been rinsed out. I bet this will get your clothes leaner than an electric machine
Sounds wonderful. But please don’t disclose anything that’s confidential.
I am disclosing it for anyone who wants to latch onto the idea and be the inventor of it themselves.@@inventRight
I love your encouraging comments Stephen! Inventors really need it! Such a fun journey!
Very cool Video Thank you !
Excellent video
Thank you
As always, solid advice ! Thanks Stephen, thanks inventright! I can feel more energy in your voice when you do those videos outdoors.
Damien thank you so much!
This video helped me
Stephen you are my source of inspiration. After taking your Invent Right training I start working in Mexico supporting mexican inventors to develop their ideas, I would love to translate your books into Spanish, have you ever considered it?
Thank you Antonio. Yes I have consider it but I need to find a publisher.
What if if I tell u that I can make u become a we'll known inventor in your country how will u fill ?
Very interesting 👍
Interesting content, painful music. Thank you for the share :)
Steven, I have an idea that's relative to what's going on right now with Covid-19. It will make air travel, bus travel, train travel and going back to school safer. I have my patent pending status and have reached out to Dupont, Dow, Thomas Industry, Honeywell and other safety products suppliers. I have been here before and now the waiting game. I think the next few years will be crucial to get imbedded with the Airlines and Sports Complexes. Thanks for the extra tips!!!
So how’d go? Curious to learn from you
Thank you soo much. You have set me on a path I would have never imagined. You and Andrew both motivated me to learn so much about licensing and business.
Also thanks for reminding me the journey is long, sometimes my feet get tired and I lose sight of the goal.
You can do this!
What of if I tell u that I can make u become a well known inventor in ur country ?
@@griffinmilks3323 sounds like a scam hahahaha 🤣😂
@@jacknickolstine3355 No. Its not a scam
@@jacknickolstine3355 its not , its just that I have helped a lot of people before , and after they have made it they will just turn their back at me , but yet I still keep on helping because I fill that helping is the purpose God created me for that's just it , and besides I am a man of God a true believer of Christ,
Thank you,
You are welcome!
Please subscribe if you haven’t already Shella!
-Stephen
You mentioned LinkedIn as a way to link up with companies. These would be companies to call, right? I mean; you wouldn’t put your product or idea out there that way, would you? I am not familiar with LinkedIn so am just now on there learning to surf through all the things that are on there.
How can I find the right people ؟ because it’s hard to introduce my ideas to them if they don’t want to listen
All Ears..Nice office..👍
So before you even get a provisional, you do the sale sheet, that seems like the opposite of what you would do
Hello! I like your name (it's mine as well but mine's with a "V"). Thanks for the information. It's very appreciated that people like you are out to help people and not just take money from them :). Lastly, you look like Sammy Hagar and have the same spirit and energy (compliment).
Now to my question: If I have an idea that is specific to a particular market, say the sleep industry, should I do my starting calls solely to; sleep industry stores, to big chain stores that sell those products among many other products (Walmart, Target, Kohls, etc) or both?
And assuming you were to say both or the big chain stores option, from my question above. Who should I contact? A corporate office? Manufacturing?
I hope these questions make sense?!
Thanks in advance
Do you pitch to multiple people at the same time ?
This guy has made more inventions than you you can shake a stick at. In fact the invented automatic Stick shaker
Ty sir 💪
Yes a new video! I have a great idea but need some help to get it licensed. I haven’t reached out to any companys yet.
What of if I tell u that I can help u become a well known inventor in ur country ?
Sure lol
@@willyscreation Are u interested in becoming a successful inventor ?
@@willyscreation OK first of all where are u from ?
Is there any special requirement to apply for a provisional at the USPTO
From canada?
I have so many it's crazy I can come up with anything and anytime I just have no clue how to get any of them out!🤔🤔😶🌫️
What company is best to go with inventing my ideas or can I trust
Humbly, we suggest our own company, inventRight Please contact our office at +1 (800) 701-7993.
@@inventRight interesting...
Can you license an idea to more than one company?
If I ask if they are open to outside ideas like mine via phone or email, etc. but not in person, when do you actually meet in person if you can do the whole transaction via digitally? Is it possible to finish the whole transaction without meeting in person?
Absolutely yes!
@@stephenkey3137 thank you very much. Your reply means a lot to me. It literally melted my heart. I'm so grateful feeling you are so near. You are awesome. Thank you.
What if if I tell u that I can make u a very successful inventor how would u fill ?
@@griffinmilks3323 dream come true.
@@Venus.actor.singer Since it has always been your dreams I will help u
Thanks buddy it is long road
Yes, it certainly can be.
This is something I can do for life
Cool. Yes it is! Keep Inventing! - Andrew Krauss, inventRight Co-Founder
Add a comment...
What books to read?
Stephen has written 5 awesome books for people with new product ideas. Start with this one: www.amazon.com/gp/product/B0153UGCF8/
I am sided with you in regards to "Shark Tank". The show is good fun and entertainment but they are geared to help themselves and to promote the the show and their own interests. If you think they're about helping you become successful and wealthy ...you need more help than these u-tube videos.
Mr. Key, You are my inspiration. My advice to other Inverters... Don't be a Chicken!
What of if I tell u that I can make u become a well know inventor in your country how will u fill ?
5/5
Hello how are you Doing? My name is Alexander. Is there any way to.talk to you personally on the phone. My friend and I have a product that we are having made. But have a lot more great ideas and would really like one on one help. We are willing to give them certain amount of equity agreed on...thank you very much..
It’s easy my direct email is stephenkey@inventright.com
What of if I tell u that I can make u a very successful inventor how will u fill ?
This dude is hilarious !
Thanks for watching!
I invent teleportation, time machine and a method to work from home.
I have invention idea for pregnant women what should i do???? Help
advice for everything in life should be the title i ran into this because i wanted to know if i could do something but all i have is ideas no way to actually build the product i would need molds modeling electronics and programming expierence or engeeniering sigh :/
hey Stephen thanks for the info, but i have a killer idea. i proved it out already. i have a deal for you?
BE PEACE BILLION PEOPLES GIVE HELP 💕
I have a ideal a smoke alarm that sucks the smoke out of tge house 🏠
Interesting!
At 5:50 he mentions working for somebody else, and [ was it ] coming up w/ Ideas ? ! In some states, California for instance, if you have an idea That pertains to your work, the company can Steal it in court ! I kid you Not !! Check the Laws in your State and find the legal Ground that you can Stand on ! [ Even if it's a Solid Loop-hole ] .
Thank you!
Nonsense, do not talk to anyone in charge of marketing about your invention. They will steal it from you. It happened to me. Be careful, big companies can be thieves.
Yeah, they will indeed steal our ideas. Hence the need to look for a company that is inventor friendly, which needs and accepts open innovation and they had built a reputation on it. They do not want to jeopardize their reputation and kill their hope of getting a home run ideas from outside inventors in the future.
Sadly such a company is not as much. For companies who do not want to rely on open innovation, they are more likely to steal our ideas or want to work around it.
You’re absolutely right. You must find the right company first.Always kick the tires/do a background check on any company or person you want to work with.
@@rzlb5 what of if I tell u that I can help u become a well known inventor in ur country how would u fill??
What of if I tell u that I can make u become a well known inventor in ur country how would u fill ?
Exactly, all I see is thise sharks wanting to make a deal only when everything is already rolling and the work done.
💞💓💞
We need robots with video camera for work, we can control these robots from our home.
Yes, that's how you make money as an inventor; get other inventors to pay you to tell them how to make money!
Lol James! What's your beef? Stephen made a living licensing his ideas for products for decades, and now he helps other people. (And in fact he still works on meaningful inventing projects.) We have published more than 600 videos and 1,000 articles on how to license an idea. Maybe you missed this video: ua-cam.com/video/gxeuCPaGeHY/v-deo.html
For Canada none of this is useful.
Please explain more!
@@inventRight With current government red tape and industry culture, inventors are considered not needed. Should you have a great idea it will be taken from you should you try to monetize it. Innovation in Canada is a dying breed.