Patents Explained - How to make money from a patent
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- Опубліковано 11 кві 2014
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"Hi Evan, recently discovered your You Tube, video's giving help to young entrepreneurs. Must say they hit the mark. I myself have developed a patent, It went through all the Patenting etc. The thing is though that to make my product work, I need to do a mass manufacture and hit the market as hard as possible, my product is not expensive, but to purchase/manufacture that many units is very expensive. And to only purchase low quantities would not be cost effective. What would you suggest is the best solution: Sell my patented product (With working samples and proven concepts) or try to get more investors or Try to franchise to reduce capital needed to start the business. I just want to know if I do sell, what would be the best approach sell it to an already existing company in the same industry?
Frans Jaco Willemse"
Thank you. You're on my list of top channels on UA-cam. We love you.
Thanks for the love and support :) #BTA1084 Luka
Thanks Evan for putting this so clear and entertaining. gold as always!
+Hannes Grebin Thanks for watching. :) Glad you like it. #BTA131 Ivan
Thank you Evan!! i really wanted to know this stuff ..
Glad you liked it. :) Thanks for watching! #BelieveNation #BTA237 Shine
Great advice, thank you!
You're welcome. Glad it helped. 😊💛 #Believe - Feb
Thank you so much , very informative
Thank you very much for the appreciation and for watching abu. :) #BelieveNation #BTA646 Shine
Thank you EVAN GREAT ADVICE
Glad you liked it!
Glad it helped ❤️ #Believe - Feb (from Evan's team)
Hi Evan. Is it necessary to file the patent in other countries like china after filing in US for better licensing the patent ?
Hi Evan, Thank you for your insight and the great video! It does make more sense to license out the patent, The Patent was done by a large lawyer firm, so I will approach them and see if they can help me with the licensing. I will let you know how it went. Thanks again!
How did it go
How did it go?
You a millionaire yet?
I Love it !!!!!!!!!!!!!!!!!!!!!! Thankyouuuu soooo Muchhh Bro!
You are very welcome. Thank you for expressing your appreciation. #BTA328 GT :)
can you please answer my question? My question is, I do have a unique technology to produce the natural antioxidant. I want to open an antioxidant producing company. I got a patent granted also. so can I license my patent along with manufacturing? does licensing the patent affect my core business? please reply
quick question for you, I have a few prototypes of ideas that I've came up with. But I live in a small rural town in Washington. Would I need to go to a big city, say Seattle, to set any of this up? Or can I do it over the internet or something. Thank you for the amazing videos by the way! :)
A patent covers the country so you can do it from where you are :) #BTA257
Dude thank you so much even to those who question it
Thanks for watching #Believe :) #BTA1636 Veljko
How much does an average patent cost?
Sorry my last question.. am an economist I hv this amazing idea of an app and software but I do not have any experience in building apps etc. .wat are the steps to be taken to build it with an app and soft ware developer in other not to be ripped off. Also Should I pay him to build or mk him a part of my team..just need good advice so I don't mess this up because it's my idea and I want to be in control
omozoje ojehomon If you want to build a successful app company and you're not an app developer then it's worth spending the time to get the right CTO to build with.
omozoje ojehomon Did it work for you?
Thank you very much for your swift response I really appreciate..i have a campaign idea for coca cola that can take off from where share a coke left off,and really take the world. do u think I can sell the campaign idea to a soda company like coke? And if I can what are your advice to do this trade and to be successful? And do soda companies like coca cola even buy ideas like that from people
omozoje ojehomon I've never heard of them doing it. You could be the first but it's a big longshot.
Sir thanks for the opinion. Right now my water purification system design is under patent but the main problem is finding a right enterprise whose can license for my product. I have send documents regarding my design to the companies but the never reply me back. Can u suggest what can I do about it?
Evan is focused on making a bigger impact through creating videos so more people can learn but if you have any question, it would be great if you could post it under the comments of this video #7 Ways - What Topic Should I Cover Next? ua-cam.com/video/sXgcP79xrNQ/v-deo.html so Evan might be able to answer it doing a #7Ways video for it or in another video especially if more people will vote or like your question. You could also catch Evan via UA-cam live streaming and ask him question via live chat - the next "Entrepreneur AMA - Ask Evan Anything" is on November 9th, at 08:00am EST - ua-cam.com/video/N90nRAGNjUo/v-deo.html There is also a live stream with Tom Bilyeu on October 19th, at 08:00am EST - ua-cam.com/video/TrsQGZQN-rU/v-deo.html - And also a live stream with Stephen Kelly on October 26th, at 09:00am EST - ua-cam.com/video/OWwFBoDSlBk/v-deo.html Thank you very much for the love and support. Much love. #Believe :) #BTA655 Luka
Thanks for explaining it. There are somethings I wanna know, Do I need to publish the patent first? If the patent can be applied in different aspects of applications, Can I license it to different companies? Also, can I still use this idea in my future research? Thanks again!
Thank you for reaching out. Evan is doing the premieres on UA-cam every night at 8pm EST so that would be the best way to reach out to him directly. Much love! #BelieveNation #BTA1068 Luka
What are the advantages to a patent over just going straight to building and marketing your product?
Protection from competition
Hi. I have an idea which requires electrical, engineering & programming skills, all of which I don't have. Basically I'm not capable of building my product idea. How can I make it happen & get a patent?
Aireisor simracing hey! I think i can help you! I am starting a prototyping company. so currently freelancing for Design and prototyping work.
What about when there's a patent for something, then you use that idea for a different invention? For example when previous patents are referred to so an entirely new invention is made? How does that work? Do you have to pay money to use those concepts?
If you're using someone's patent then yes, you need to licence it. #BTA453
thank you so much
Thanks for watching #Believe :) #BTA1602 Veljko
Hi Evan! Thank you for sharing!
If I work for a company and I come up with an invention, will the patent be in my name or in my company's name?
Best bet to reach out to Evan and ask him your question directly would be on one of his Instagram live streams. He does Instagram Lives every workday @evancarmichael #Believe :) #BTA1597 Veljko
Hi sir,
The physics laws say that free energy machine is not practical. If it is practical its breaked the law of physics. What if the the free energy machine being practical and then patented. What was the approximate market value or price of that patent.
While free energy machines violate known physics laws, if one were somehow proven practical and patented, its market value would be difficult to estimate, potentially revolutionary. 😊 #Believe - Feb (from Evan's team)
i agreeeeeed with you bro.
💛💛 #Believe - Feb (from Evan's team)
Can patent and sell a campaign idea to a big brand that will enable them sell more and trend..for example share a coke campaign,if it was my idea can I patent and sell it..
omozoje ojehomon short answer is yes... but highly unlikely
Tysm
😊💛 #Believe - Feb
Hyyyy, just one question....can a company licence it's patent to more than one company???if so then how many?
Thank you very much for your question and it would be great if you could post it under the comments of this video #7 Ways - What Topic Should I Cover Next? ua-cam.com/video/sXgcP79xrNQ/v-deo.html so Evan might be able to answer it doing a #7Ways video for it or in another video especially if more people will vote or like your question or you could ask it to Evan live on his next Live Stream on November 23 - Thursday at 11:00am EST: ua-cam.com/video/4Gv2tS4Zsck/v-deo.html and hopefully it will be answered by him. Much love. #Believe :) #BTA673 Shine
I’m researching how to patent a design and this video has clarified both how I can profit from it and what channels (i.e. attorneys and/or accountants) I’ll need to seek. Thank you.
Glad that it helped Sean. 💛😊 #Believe - Dondon
Sir just one question, I am just a 16 years old Indian boy and yeah I have my own design regarding a new technology but the problem is that no one is paying attention to it. No one is ready to believe in my work, so what should I do. I've tried contacting the Cambridge Professors only till yet
Keep doing what you love and keep believing in yourself. #Never give up. Also, if you are interested you could catch Evan live by following him/believeteam on Twitch: www.twitch.tv/believeteam He is usually live every Friday at 9:15AM EST so you can ask questions there via live chat. All the best to you! Always #Believe. :) #BTA435 Shine
So what happen?
Hi Evan. Good stuff, but there's more to it. Since you chose the auto industry now the question is: how do you get the best deal? I.e., how do you make them (hey, there's more than one car manufacturer!) bid for your stuff? I remember reading that negotiators often mess up otherwise decent deals. What would your approach be?
Through FOMO = Fear Of Missing Out :) #BTA287
***** So you have no clue. Good to know so we can look somewhere else for answers ...
Good luck with that attitude Dan #BTA289
I got my United States Patent and now need to further this process. I had a marketing firm when I was filing for it unfortunately that company did what was in hair of law and ended up leaving town with lots of people s money and all of my books that had the sales,breakdowns through age,ethnic,income,homes,stores that sold what my product works with.. etc.I have a Patent attorney but they told me to search for what’s in wheelhouse. This product is revolutionary to all. My marketing books originally had letters written out to companies names, addressed to those in company area to review. Return cards if wanted further information or meeting. Just everything I paid a lot for. My father started my journey with me when I had a health issue and by speaking with other woman and even men, they wanted the product. It can be a staple in every store. He was proud to do this with me because in my family it was always you are what you do. My great grandparents came from Yugoslavia and he worked in the mines til saving money to bring my great grandmother and great uncle. So business is important. Sadly my father died 4 years ago and I lost my mentor,motivation,self belief and focus with my own health issues. Now I need to get back in there and fight for it because it’s gone on long enough and I have repeatedly keep paying to keep it. I have a disabled teen and this has been great. I have everything to show companies but here is my conundrum....how do I do this without giving them the tools to alter even an inch and steal it from me? This can help seniors. Disabled. Medically. Over weight people. Male/female. All ages. Little people would be a large group in itself. Globally. Ivan help anyone with figuring out things for theirs yet with myself not so much. My life is complicated and to have those requirements reversed I need to sell my patent. I am not in any position to make, manufacture or sell myself. Any suggestions or chances you can give would be most welcoming to my cause. I used to be a fighter but can’t go on like this for my family,children and grandchildren anymore. My mother is terminally ill and to move her to another state where her health can be extended is my greatest goal. For without my mother, my little family would not be.
Thanks for sharing your story, hope everything turns out okay. #BTA1282 Luka
Can you sell/liscense a method (process) patent?
Yes, you can patent a process. 💛😊 #Believe - Dondon
what if my idea has no company to license it to for example a haircut machine!!!!!!!
Where can people sell patents?
I don't know :) #BTA1300 Luka
Sex toys aren't my thing. I would like to produce a low cost high influx way to keep oil drillers in North Dakota in a warmer safer environment. This could potentially lower labor costs and ultimately lead to higher morale of employees, which will ultimately lead to a great return on investors investing in the Bakkan. I love investing.
Tq
#Believe :) #BTA1545 Veljko
If Self file where to find a license attorney and what’s their percentage you don’t talk much about trust in your channel who’s who & why most companies don’t accept or have no such department for outside negotiations for most industries
Thanks for watching - Nina
Ok great, what if you have sex toy? I have a provisional patent on a sex toy I finalizing the utility patent as we speak, my question is how do you prevent them from stealing taking your idea? The reason I’m asking I have a wife that doesn’t work and two daughters 6 y/and 3 months, and finishing up my computer science bachelor’s degree, I lost retirement and I had to start over again job wise. In American it’s the guy with the biggest pocket book that wins over the little guy. I don’t have a enough money to get a patent lawyer nor an accountant. I can’t get loan for the backing, maybe 120k what‘s wrong with crowd funding? I ‘m looking into indiegogo, and kick-starter, however, kickstarters frowns upon sex toys. Indiegogo is a bit loser in there terms and agreement. At all possible how do I connect you, and I fight a battle that I can’t when. And all super possible who should I contact is that adult toy industry J :P
2m subs. pretty good.
Thank you :) #BTA1447 Veljko
What a load of crap that you have to start a business just to invent, curse that Thomas Edison. Nikola Tesla had it right but of course society rejected his genius to the world.
Thanks for sharing your thoughts and for watching. :) #Believe - Feb