How to PATENT YOUR PRODUCT and MAKE MONEY!
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- Опубликовано: 15 окт 2024
- Learn how to make money from your ideas. #inventRightTV
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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.
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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.
Have a patent recently awarded; sure wish I had found you guys sooner!
It’s truly a learning process. Don’t get me wrong patent do you have value?
Thank you for watching and commenting Cynthia! Please subscribe if you haven’t already.
-Stephen
Many thanks, very helpful!
Glad it was helpful!
-Stephen
Hi Stephen Key & team . Thank you for this information . I have innovated gravity energy converter , I have filled provisional patent application . It is exprimently and theoretically has proven but in proto type stage .. Can I show my innovation openly any one or after getting patent I can show it publicaly?
I will be thankful for your advice .
Since you filed a provisional patent application now you have one year of patent pending status. At this point, I would only showed the “benefit”of your intellectual property of your patent pending invention after someone is interested and wants to see your intellectual property. I would have them sign it NDA. Now you haven’t publicly disclosed it.This will give you the option to refile if you need to because of limited funds. Once you file for a non-provisional patent application before the one-year is over, and after your non-provisional, patent application gets issued then it is publicly shown through the USPTO.
Please note, I am not a patent attorney. I am not giving legal advice.
-Stephen
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@@inventRight dear sir thank you for your valuable information.
This is game changer innovation and I can't find more capable person then you to handle it . If you find my innovation really important and working , can we work together?
Kindly inform me for further process.
Thanks
You know this guy invents stuff with that crazy hair 😄👍
great start thank you, I am still wondering, what steps did you take to create the photo advertisement / produce the product for the photo or an alternative to possessing the created object for the photo? That is unclear.
and 2. what red flags and green flags / price range and rights are you looking for when negotiating with companies?
Always appreciate the information!
Thank you so much! Do you have any other questions I can possibly answer on another video?
-Stephen
I have a suggestion. Perhaps you could show us different means of illustrating our ideas, or maybe even ways to improve on the skills necessary to illustrate our ideas?
@@inventRight Absolutely, I am interested in more information on how to apply for a provisional patent, what's required, a rundown on the Invent Right process if you will (also how to apply)
I will do a video on how to build prototypes. Thank you so much for your comments!
-Stephen
Provisional patent applications are fantastic tools. But they have to be written correctly. If you want more information, please contact me directly and I’ll see if I can help. stephenkey@inventright.com
A few questions, How do we get in contact with these innovative companies? what if they say interested but said intellectual property isn't that important? do we not move forward with the patent?
Keep watching the videos.Also check our webinar series on InventRight.com free resources. We answer all our your questions.
-Stephen
Right on !
Thank you!
Hi Stephen , i invented something when gyms closed and did a search nothing like it anywhere so i filed PPA even made a prototype i contact companies that it would fit in those types of workout equipment first thing they ask after i tell them the benefits they wanna see it, if its shown after explaining the benefits it can be easily copied because its simple, my question is at what point do i ask them to do a NDA?
Hello Samuel,
Fitness industry is not an easy industry. They definitely want to see results from any equipment. Make sure to find one that is inventor friendly. Always sell the benefit first, but do not show the intellectual property until there’s interest and when there’s interest, then ask if you can sign their NDA. Read it carefully. Thank you for watching and please subscribe if you haven’t already.
-Stephen
@@inventRight Thank you so much, hope I can share it with you guys soon.
If you need help, please let us know!
Stephen
Hello Mr. Key,
If I ask a company to pay for the non provisional pattern then who files and whose name will it be in.
I'm scared that the company will then own my product.
Can you please elaborate sir.
Even though they pay for it, you file.
You must be in control of all of it .
Sir
I have a granted patent for save Drinking Water. How can I sold my patent??
I know this is an old video but I am in the process where a company has picked up the idea and I have a provisional patent. They have offered to do the full patent. My question is does that patent go in their name or in mine. Any help would be amazing.
We almost always have the patent stay in the inventors name. The licensing contract will give them the rights. - 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/ )
@@inventRight Thanks so much I will be in contact.
What if there are no products on the market but some random Japanese company owns a patent? How different does my idea have to be to make it myself?
There has to be a class point of difference. But with the good patent attorney you can definitely get a patent on just about anything. Please stay tuned for one my next videos to help answer this issue.
-Stephen
Hello- I have a wellness concept that is novel and not already in the patent dbase. Do I need an attorney to file a Provisional Patent or can I do it myself if I am careful? I would Love more detailed info on this process so I don't muck it up. I got a shot at an industry disruptor. How important is TRADEMARKING? FYI: I will use my profits to fund a patriot technology development company to build AI-FREE mobile phone technology. I am a software engineer..... the tech industry is actively brainwashing. We need a neutral mobile phone option.
You need to speak to someone.
You can reach us at support@inventright.com
How do you contact companies that might be interested
Please keep watching the videos!
If they pay for your patent would it be in your own name and them?
It’s always in the name of the inventor.
being a guy with no connections, no money, no way to get a patent. but have several ideas, a few of which i believe could be gamechangers in their specific industries... whats a guy supposed to do
Great question. Please watch this video.
ruclips.net/video/gdMUSxv3hho/видео.html
-Stephen
Write out the IDEA and do some research online to see if anyone else is doing it or has the platform of that idea which you're promoting...
I have an idea I'm working on I have a prototype and I use it. Had it about a year just started perfecting it with the tools and materials I found online. I just want a patent so I can independently make and sell my product until I make enough money I'll contact a big company and hopefullythey'll make a deal with me. In a perfect world
I would go with licensing to a big company instead Anthony. It's much lower risk and way less involved. However, selling a product yourself is not wrong of course, but please be real about needing to raise huge amounts of money and dedicating 50 to 80 hours a week if you are going to do it. So just get educated on both paths (licensing like we do and venturing) then decide what's right for you. - Andrew Krauss, inventRight Co-Founder
Спасибо за информацию хотя не понимаю по английский... (из комментариев к видео с переводом: чем больше их тем понятнее)
Got it. Thank you! Where are you from?
-Stephen
@@inventRight Чеченская Республика. Спасибо за вашу полезную деятельность: это очень информативно.
@@inventRight you understand Russian?
Your full of surprises
Unfortunately, I don’t speak Russian.
@@inventRight Chechen Republic. Thanks for your helpful activity: it's very informative.
Dontnanfewnofnthose steps cost thousands to file
Thanks for watching. - 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/ )
Patent design sale battery electric vehicles multi use home vehicles battery lead acid gel smf life increase of battery 50 years
Thank you for commenting. Do you have a question?
-Stephen
Приятного отдыха изобретателям: ruclips.net/video/6mfGQrqYnRg/видео.html
Thank you!
Where can I find a licensing attorney How do you search for them I'm having trouble, Sounds easy but not that simple to find A licensing attorney.
"Chris.taner said so"
You can find them on the Internet. Why do you need a licensing attorney?
-Stephen
@@inventRight I designed an ergonomic efficient tig welding handle, one of the largest tig welding manufacturers in the country were interested, the company name is CK World Wide plus a few other companies. I'm trying to have things already in place In terms of Legal contracts or at least an attorney. I brought your book, it really helped me. Thank you.
Please note that the licensing agreement comes from the licensee not the licensor. You don’t need a licensing attorney yet. Save your money.
-Stephen
@@inventRight ok thank you.
No problem!