Hi, & let me say that I appreciate you guys answering these many questions! I have designed tools, rigs, jigs, crane lifting rigs, short-cut tools, test equipment, work stands, & procedures for Norfolk Southern Corp. For 37 years plus, & they have taken the credits for all my design work & the prototypes that I built for them. The big picture, I have made a major contribution to the safety standpoint of the rail industry. Its time, now, for me to take some of my designs to market. I am retired & disabled now & can't afford the thousands of dollars that a full fledged patent will cost. Upon stumbling onto this web cast, while watching screwey squirrel cartoons on one of your subscribers sites...I believe this holds the answers...the blessing...that I have hoped for. THANK YOU SO MUCH for doing these webcasts!
Am loving your videos. Working on a shower head idea and learning a lot. I was diagnosed with stage 4 kidney failure one year ago and came up with my idea. I'm going to give it a shot in hopes I can leave something to my kids to make life a little easier. Wish I could afford to become a student. Love your personalities! I was in the entertainment industry and have several copyrites so am a little familure with some processes. Anyway guys..... Keep up the amazing helpful work! Mama Kym
Thanks for the tips!---->Glad to know the trip down the isles of WalMart was great for learning which "manufacturer/distributors" has the shelf space! (and more likely some good manufacturing costs too).
Stephen Key Picked up your book for entrepreneurs (One Simple Idea) and found many refining ideas. Looking forward to some great results, so far, here is the Kick Starter promo video for "one simple idea" of mine. www.kickstarter.com/projects/605002643/whooz-house-trivia-card-game
Thank you again for your videos, You mentioned looking professional with contract manufacturers, do you normally form an LLC prior? I just submitted my PPA this week.
Jake Taylor Some of our students do, but most wait till they close their first deal. Contact your attorney or accountant to find out what's right for you. -Andrew
Rich Coppens Excellent! Enjoy the book. Our book "One Simple Idea" has over 300 five star reviews on Amazon. Stephen and i are very proud of that book. -Andrew
I am currently listening to your book on Audible and really like it! I have had several ideas over the years and am trying to workup the courage to move forward with them. My first idea is relatively simple and easy to manufacture. I also think it would be a great addition/help to the industry. I noticed that your book was written before the America Invents Act was introduced. I heard rumblings of negativity about this Act and am wondering if it changes anything about the process you write about in your book?
No... Just file your PPA, you'll be fine. I'm not an attorney and I not giving legal advice. I am currently writing an expanded and revised second edition of this book. I will cover this topic in greater detail.
Thanks, Stephen. I contacted you and your company a month ago and am looking forward to moving forward with the mentorship soon! I have just been getting some things in place first. Hopefully the coaching and moving forward with my business will be doable with my work schedule. I have fri and sat off every week but that's it. Thank You.
although the video is so old, it´s still useful. Thanks and congrats. Always great information on your channel! I´m going to become your student as soon as possible ;)
Hi Stephen, I have a question that isn't directly relevant to this video. I was hoping maybe you can discuss this topic in your next video. Buyers seem to have very short attention span and sometimes only look at your email for 10 seconds or less. Often when sending large files with catalogues, video content, sell sheets, if it is not sent In an organized easy fashion they won't put forth the effort to review your proposal. Which file sharing program, is best to use to allow the simplest interaction with your buyers or licensees. I know some programs have a simple interfaces but are restricted for security reasons by large corporations. Have been selling to big retailers for almost a year now and have yet to find a systematic approach to this issue that would work for the majority of my customers. Looking forward to your feedback and expertise in this issue.
+spills NDA means non-disclosure agreement, or confidentiality agreement. Here's an article Stephen wrote about the importance of NDAs and how to use them: www.inc.com/stephen-key/non-disclosure-agreements-can-be-powerful-but-only-if-you-know-how-to-use-them.html.
When searching out quotes from manufacturers, should people be getting quotes from a particular country, or can you call anywhere? The reason I ask is, it seems like everything is made in China, so I imagine everyone would think of getting quotes from there. I’ve also heard that China has a reputation for counterfeit, so what would you recommend?
So if on the google patent search theres an invention slightly similar to mine in 1951 but it says that it has been abandoned can you still manufacturer a product similar to that now in 2015
I was watching your talk at Google. You suggested to file for a PPA when your ready to call All the company's "throw all the balls in the air" to give you the most out of your 1 year PPA, SINCE 1 year isn't that long. Now I don't understand how your suggesting to file the PPA before you speak with manufacturing contractors? Which do you stand by?
lilsweetiej When you are ready to call. File your PPA and start calling within one week of filling it. For most ideas 1 year will be plenty long if you approach it this way. -Andrew
Is this for licensing? I'm a bit confused. Let's say I had a idea I wanted to license for a new washing machine. Would I call Maytag, get quotes on manufacturing then call another company like Whirlpool and try to get license deal. Or is this if I'm trying to get loans and sell myself
+josh P You would want to call a contract manufacturer - a company that is actually manufacturing washing machines - for a quote. At this stage, you're doing research, so you wouldn't want to throw off a company that you will approach for licensing (like Maytag, which is the brand).
Once again, I heard that you emphescized that "you are product developer, not inventor". I wonder why inventor is not good title for us? Just not very understand it. If you have time, hopefully you could answer this question. Thank you!
Here is a video on the topic of why it is much better to introduce yourself as a product developer than an inventor to companies looking for ideas: ruclips.net/video/60L0sfhmhXQ/видео.html. Thanks for watching!
I have a question, would it be a good idea to license an idea to a company that is going down hill hoping my product idea will put a higher revenue on there company?
Stephen is now contributing to Forbes about intellectual property strategy. Read his first article, "In Today's Market, Do Patents Even Matter?" www.forbes.com/sites/stephenkey/2017/11/13/in-todays-market-do-patents-even-matter/#564989a356f3
here's a tip for you all also. pic a 3d cad company that can manufacturer it also. so after the cad is designed then u can get a free qoute. I got my cad done in Canada. yea that's not as cheap as tiawan but u gives you info to give to companies and they will then say waw if it that decent of a price I wonder what it would cost in China or tiawan.
Anthony Verster it's basically one page advertising the benefits of your product. Keep watching, we plan on doing a class on this topic. Thanks for watching!
very uneven voice recording quality. Some of the videos you can hardly hear and some of them are so laud that you actually looking for speakers control to tone the voice down
If there are no domestic manufacturers, find a China/India expert to help guide you. Right now there are a lot of issues with copycat products and trust: www.forbes.com/sites/stephenkey/2017/12/20/how-to-survive-in-a-copycat-world/.
Hi Jonathan. We provide a lot of help in a number of ways - we have many videos on this channel, we also write for magazines, we publish books, and we are a one-on-one coaching program. More here: inventright.com/contact-us-today.
Hi! For a full guide on how to contact companies, check out our free eBook "Getting In": www.inventright.com/getting-in. The book concisely explains the step-by-step process of finding and contacting companies. Thanks for watching!
I have a patent for a dental product. I contacted the top 10 companies that specialize in products that my product could fall into to. They referred me to their website. Went there. Read their Nazi guidelines - the end. Being excited for me and telling me that I need to get ahold of these manufactures does absolutely nothing to help. If you can help me, then I will properly remember you when I see the money.
+BIG AL ONE thank you for watching. You're in one tough industry. In 15 years we don't have one student that has licensing a idea in this category. They're a sleeping dinosaur. It's painful.
+Rita Troncoso PPA stands for provisional patent application. You can file yourself anywhere in the world in United States for about $65. It gives you one year to shop your product to potential licenses. After one year if you decide to move forward you need to file a non-provisional application. But during that first year find a potential licensee to license your product.. then have them file for the non-provisional patent application.
You do not want to give away too much information without some protection (PPA, NDA) as that could put you at risk. A general idea of how much it will cost to make and how will benefit you. Please know this is not legal advice - we are not attorneys. Thank you.
Can't you just hire someone to do all this?? I'm a thinker, I don't have time for all this shit. It's too taxing to go through the motions of selling, contract negotiations, marketing, administration.
![Gunna - HIM ALL ALONG [Official Visualizer]](http://i.ytimg.com/vi/HiCxoDeo0hc/mqdefault.jpg)
Hi, & let me say that I appreciate you guys answering these many questions! I have designed tools, rigs, jigs, crane lifting rigs, short-cut tools, test equipment, work stands, & procedures for Norfolk Southern Corp. For 37 years plus, & they have taken the credits for all my design work & the prototypes that I built for them. The big picture, I have made a major contribution to the safety standpoint of the rail industry. Its time, now, for me to take some of my designs to market. I am retired & disabled now & can't afford the thousands of dollars that a full fledged patent will cost. Upon stumbling onto this web cast, while watching screwey squirrel cartoons on one of your subscribers sites...I believe this holds the answers...the blessing...that I have hoped for. THANK YOU SO MUCH for doing these webcasts!
Lee Williams Your welcome Lee! -Andrew
Am loving your videos. Working on a shower head idea and learning a lot. I was diagnosed with stage 4 kidney failure one year ago and came up with my idea. I'm going to give it a shot in hopes I can leave something to my kids to make life a little easier. Wish I could afford to become a student. Love your personalities! I was in the entertainment industry and have several copyrites so am a little familure with some processes. Anyway guys..... Keep up the amazing helpful work! Mama Kym
Check out Dr. Morse
Thank you..you are answering question that I can never find answers to..
Your welcome. I love teaching this stuff!
Thanks for the tips!---->Glad to know the trip down the isles of WalMart was great for learning which "manufacturer/distributors" has the shelf space! (and more likely some good manufacturing costs too).
Thanks James!
Stephen Key
Picked up your book for entrepreneurs (One Simple Idea) and found many refining ideas. Looking forward to some great results, so far, here is the Kick Starter promo video for "one simple idea" of mine. www.kickstarter.com/projects/605002643/whooz-house-trivia-card-game
Thanks again Stephen . you guys are doing a fantastic job helping people get on board.
Thank you, Shaun!
I'm getting onbored you are so right
THERE IS THAT PHONE AGAIN!!!!! ITS DRIVING ME OUT OF MY MIND!!!!!
lOL THATS MY DUDE MAN I AM LEARNING SO MUCH WATCHING YOUR VIDS BRO THNX A LOT!
Stephen, Thank you for this oh so important and valuable advice!!!
Thank you so much for saying and explaining everything that you said in this short but EXTREMELY IMPORTANT video.
Thank you!
"Thank You ! " That was very helpful !
This was a good one!! thanks! I will need to watch again!
Thx, Deborah
Thank you again for your videos, You mentioned looking professional with contract manufacturers, do you normally form an LLC prior? I just submitted my PPA this week.
Jake Taylor Some of our students do, but most wait till they close their first deal. Contact your attorney or accountant to find out what's right for you. -Andrew
Good question
Just purchased your book, look forward to reading it.
Rich Coppens Excellent! Enjoy the book. Our book "One Simple Idea" has over 300 five star reviews on Amazon. Stephen and i are very proud of that book. -Andrew
What you are is tactical my friend! Love your work!
Thank you!
great advice, thank you so much InventRight :)
Hi how do I contact a manufacturer if I want to invented something new in the market thanks
I am currently listening to your book on Audible and really like it! I have had several ideas over the years and am trying to workup the courage to move forward with them. My first idea is relatively simple and easy to manufacture. I also think it would be a great addition/help to the industry. I noticed that your book was written before the America Invents Act was introduced. I heard rumblings of negativity about this Act and am wondering if it changes anything about the process you write about in your book?
No... Just file your PPA, you'll be fine. I'm not an attorney and I not giving legal advice. I am currently writing an expanded and revised second edition of this book. I will cover this topic in greater detail.
Thanks, Stephen. I contacted you and your company a month ago and am looking forward to moving forward with the mentorship soon! I have just been getting some things in place first. Hopefully the coaching and moving forward with my business will be doable with my work schedule. I have fri and sat off every week but that's it. Thank You.
although the video is so old, it´s still useful. Thanks and congrats. Always great information on your channel! I´m going to become your student as soon as possible ;)
That's great to hear! Thanks for watching.
Thanks for all the great information, inspiration and motivation
Thank you very much I have learned so much from you.
Thank you!
Hi Stephen,
I have a question that isn't directly relevant to this video.
I was hoping maybe you can discuss this topic in your next video.
Buyers seem to have very short attention span and sometimes only look at your email for 10 seconds or less.
Often when sending large files with catalogues, video content, sell sheets, if it is not sent In an organized easy fashion they won't put forth the effort to review your proposal.
Which file sharing program, is best to use to allow the simplest interaction with your buyers or licensees.
I know some programs have a simple interfaces but are restricted for security reasons by large corporations.
Have been selling to big retailers for almost a year now and have yet to find a systematic approach to this issue that would work for the majority of my customers.
Looking forward to your feedback and expertise in this issue.
thankyou for step by step , What is an nda form ?
thanks
+spills NDA means non-disclosure agreement, or confidentiality agreement. Here's an article Stephen wrote about the importance of NDAs and how to use them: www.inc.com/stephen-key/non-disclosure-agreements-can-be-powerful-but-only-if-you-know-how-to-use-them.html.
What do you mean with the cost? Is it that for selling the invention or that claimed by the inventer in order to license the manufacturer?
When searching out quotes from manufacturers, should people be getting quotes from a particular country, or can you call anywhere? The reason I ask is, it seems like everything is made in China, so I imagine everyone would think of getting quotes from there. I’ve also heard that China has a reputation for counterfeit, so what would you recommend?
So if on the google patent search theres an invention slightly similar to mine in 1951 but it says that it has been abandoned can you still manufacturer a product similar to that now in 2015
After signing an NDA, Should I send a manufacturer a PPA? so they understand how to make it?
There isn't a product like mine out there in the market. How can I find a manufacturer if there isn't a trade association linked to my product?
I have 4 ideas with drawings and prototypes but I’m I little afraid where can I contact you thank you for all you videos
www.inventright.com/contact
Nice, thank you Steven Keys.
Roger Eiler Stephen is on vacation so I'll say thank you for him. -Andrew
Thank you too Andrew! You guys equip us newbies to have the best chance to license our products.
Stephen key is a philanthropist of the finest kind.
Dayton & Amber thank you!
I was watching your talk at Google. You suggested to file for a PPA when your ready to call All the company's "throw all the balls in the air" to give you the most out of your 1 year PPA, SINCE 1 year isn't that long. Now I don't understand how your suggesting to file the PPA before you speak with manufacturing contractors? Which do you stand by?
lilsweetiej When you are ready to call. File your PPA and start calling within one week of filling it. For most ideas 1 year will be plenty long if you approach it this way. -Andrew
Is this for licensing? I'm a bit confused. Let's say I had a idea I wanted to license for a new washing machine. Would I call Maytag, get quotes on manufacturing then call another company like Whirlpool and try to get license deal. Or is this if I'm trying to get loans and sell myself
+josh P You would want to call a contract manufacturer - a company that is actually manufacturing washing machines - for a quote. At this stage, you're doing research, so you wouldn't want to throw off a company that you will approach for licensing (like Maytag, which is the brand).
thank you sir
Once again, I heard that you emphescized that "you are product developer, not inventor". I wonder why inventor is not good title for us? Just not very understand it. If you have time, hopefully you could answer this question. Thank you!
Here is a video on the topic of why it is much better to introduce yourself as a product developer than an inventor to companies looking for ideas: ruclips.net/video/60L0sfhmhXQ/видео.html. Thanks for watching!
Thank you so much!!
Thanks for this video Stephen.
You're welcome!
Whats the difference between a product develuper and an inventer
Is there any videos on the michael neustel soft ware ?
Not at this time.
@@stephenkey3137
😮
I have a question, would it be a good idea to license an idea to a company that is going down hill hoping my product idea will put a higher revenue on there company?
+EvrythingDtv Hard to say! Will the company be more interested in licensing because it needs an edge? Maybe. Only way to find out is to ask.
@ 3:58. What does it cost? You mean, like once it's out in stores?
Thanks men, very informative!
I was about to send my AutoCAD 3D drawing to china !!!
They even signed my NDA !!!
Thanks again
sincerely Ilan
Stephen is now contributing to Forbes about intellectual property strategy. Read his first article, "In Today's Market, Do Patents Even Matter?"
www.forbes.com/sites/stephenkey/2017/11/13/in-todays-market-do-patents-even-matter/#564989a356f3
Hi Steve,
What is a NDA?
Thanks, Deborrah
+Deborrah Simpson
OOPS! Got it! like the non confidentiality form.
Again Thanks, I will continue to watch these great videos!
NDA stands for non disclosure agreement.
Great.. the PPA protect for Europe?
How do I contact trade association?
Landa Watkins Google something like "bicycle trade association". -Andrew
here's a tip for you all also. pic a 3d cad company that can manufacturer it also. so after the cad is designed then u can get a free qoute. I got my cad done in Canada. yea that's not as cheap as tiawan but u gives you info to give to companies and they will then say waw if it that decent of a price I wonder what it would cost in China or tiawan.
I am an inventor
Cool!!! I am also an inventor.
your awesome !
So say you're only losing $2.00 per unit can't you make it up on the volume?/s
This is a very old video!
What is a Sell Sheet, sorry not from the States?
Anthony Verster it's basically one page advertising the benefits of your product. Keep watching, we plan on doing a class on this topic. Thanks for watching!
very uneven voice recording quality. Some of the videos you can hardly hear and some of them are so laud that you actually looking for speakers control to tone the voice down
This video is from 2011.... do you experience the same issues with our more recent videos? Thanks for your feedback.
Good stuff
Glad you enjoyed
What if your industry is dominated by manufacturing companies in India and China? Should you contact them?
If there are no domestic manufacturers, find a China/India expert to help guide you. Right now there are a lot of issues with copycat products and trust: www.forbes.com/sites/stephenkey/2017/12/20/how-to-survive-in-a-copycat-world/.
Jonathan Perry I have 4 idea that I need help getting them developed to the next level. I need your help.Thanks
Hi Jonathan. We provide a lot of help in a number of ways - we have many videos on this channel, we also write for magazines, we publish books, and we are a one-on-one coaching program. More here: inventright.com/contact-us-today.
Please explain what is a NDA?
Anthony Verster non disclosure agreement
so you can sell an idea. with no prototype?
First I determine if there's interest in my idea.. If they ask for a prototype then I made one.
Stephen Key What if you don't have the resources to make one?
is fitness industry a good one to sell to?
Oh yeah.
How do i contact a company
Hi!
For a full guide on how to contact companies, check out our free eBook "Getting In": www.inventright.com/getting-in.
The book concisely explains the step-by-step process of finding and contacting companies.
Thanks for watching!
STEVEN! Answer that phone!
Eric,
It's easy... do your homework on the Internet.
Type in the company's name, then complaints. It's hard for companies to hide.
Yes i need yours help &i am unlinited creator &love invention &innovations but i need a friend like you to consult
I have a patent for a dental product. I contacted the top 10 companies that specialize in products that my product could fall into to. They referred me to their website. Went there. Read their Nazi guidelines - the end. Being excited for me and telling me that I need to get ahold of these manufactures does absolutely nothing to help. If you can help me, then I will properly remember you when I see the money.
+BIG AL ONE thank you for watching. You're in one tough industry. In 15 years we don't have one student that has licensing a idea in this category. They're a sleeping dinosaur. It's painful.
my idea is only made in china... How can I get around that?
ppa?
+Rita Troncoso PPA stands for provisional patent application. You can file yourself anywhere in the world in United States for about $65. It gives you one year to shop your product to potential licenses. After one year if you decide to move forward you need to file a non-provisional application. But during that first year find a potential licensee to license your product.. then have them file for the non-provisional patent application.
n
Should you send a CAD file or just a 2d drawing?
What do you mean?
@@inventRight which to send to the manufacturer to let them view it, to see if it can be made and how much it's going to cost
You do not want to give away too much information without some protection (PPA, NDA) as that could put you at risk. A general idea of how much it will cost to make and how will benefit you. Please know this is not legal advice - we are not attorneys. Thank you.
Can't you just hire someone to do all this?? I'm a thinker, I don't have time for all this shit. It's too taxing to go through the motions of selling, contract negotiations, marketing, administration.
Why don't you "invent" a company that does just that?
@@Xelimos yes!
Answer the phone.
Arthur Bradley what number are you calling?
Stephen Key Information.