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What It’s Really Like Attending a Trade Show as an Inventor

What It’s Really Like Attending a Trade Show as an Inventor
Many years back I attended the "Super Zoo" trade show in Las Vegas, NV. Billed as the most-attended pet industry trade show in North America, I was nervous to attend to say the least. This was the first time I had ever shown my product, the Woof Washer 360, publicly. I couldn't afford a booth (not that I necessarily wanted or needed one.) I had no ...
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Risky Business

Risky Business
As a faithful follower of inventRight's content, you should now understand what exactly licensing is. As a quick reminder, and in its most basic term, licensing is the renting of an idea. As stated in Stephen Key's (inventRight's co-founder) December 2017 article (https://www.inventright.com/help/blog/what-is-licensing), "When you license your idea...
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We're Giving Away an inventRight Bootcamp Coaching Package Live at the 7th Annual Michigan Inventors Expo Tomorrow!

We're Giving Away an inventRight Bootcamp Coaching Package Live at the 7th Annual Michigan Inventors Expo Tomorrow!
We — along with our beloved advisor Sylvia Pomazak — are headed to the 2019 Michigan Inventors Expo today!The big event kicks off tomorrow Thursday, August 29th at the Kellogg Hotel & Conference Center in East Lansing, Michigan. Bringing an invention to market? This event is for YOU!Be inspired by wildly successful inventors...
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Congratulations On Licensing Your Idea, Michael!

Congratulations On Licensing Your Idea, Michael!
Congratulations Michael G. on licensing your product idea! "Pretty much my whole life I've been coming up with new ways to do things. Only in the last recent years have I given serious thought to trying to monetize the things I come up with. I knew my ideas were solid, because I kept seeing them pop up on shelves.I would think to myself, ...
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5 Reasons Not to Submit to Big Companies Only

5 Reasons Not to Submit to Big Companies Only
If you've been reading my series of articles for inventRight's blog for any length of time, you have likely realized that I write about the struggles and triumphs my students are facing in real time. My goal has always been to provide a fresh snap shot of what people like you are currently experiencing.If you are paying very close attention and are...
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Guest — Dawn
Really great points Ryan! Thank you for your insights!!
Tuesday, 06 August 2019 14:03
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The Magic 8 Ball

The Magic 8 Ball
Last week I took on a new inventRight student. As typically occurs during a first coaching session, this student and I got to know a bit about each other and he of course had many questions for me. We had a great conversation. He commented that the thought of licensing his very own product was as awe-inspiring to him as watching a magic show.I imme...
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Edward Kramer
#Magic8Ball Good read #WithOutADoubt
Monday, 08 July 2019 06:45
Teresa Clark
Good one, Ryan. Very Clever!
Tuesday, 09 July 2019 06:04
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How to Become a Great Inventor

How to Become a Great Inventor
This Sunday I will turn 63 years old, and I've never felt better. On that day, I will fly to New York City to join other inventors for a panel at the City College of New York in partnership with the AAAS-Lemelson Invention Ambassador program that takes place on Monday. We've been invited to share our thoughts about how to make higher education...
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Recent Comments
Christine Champenois
Wishing you a Happy Birthday Steven and a Happy Fathers Day!! (Double Whammy) nice! Thank you for creating a community, a plan, a... Read More
Sunday, 16 June 2019 16:16
Andrew Krauss
Thanks Christine. Stephen is at the AAAS-Lemelson Invention Ambassador program today, so i'll just say thanks for him and pass you... Read More
Monday, 17 June 2019 16:39
Michael Avery
Hello I'm so happy you exist thank God I will be a member soon
Monday, 26 August 2019 17:04
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Breaking the Rules

Breaking the Rules
We've all heard the statistic that 97% of all patents never make a dime. It really doesn't even seem plausible, does it? Why in the world would somebody invest in a costly patent when the certainty of failure seems very likely?But I see it often. A new student joins us at inventRight. He or she has been working on their idea for months, if not year...
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Guest — Garth Patchen
Excellent insights from true stories. Thank you. G.P.
Sunday, 23 June 2019 17:45
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Celebrating 20 Years of Helping Inventors License Their Inventions

Celebrating 20 Years of Helping Inventors License Their Inventions
As they say, time flies when you're having fun. And Andrew and I have been having a blast! But still. Holy smokes, this year at inventRight we are celebrating our 20th anniversary.They also say things change over time, and that is absolutely true. We've grown quite a bit over the years in fact.Now we have 20 people working for us who share our visi...
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Recent Comments
Chris Phillips
you guys look like mobsters in the top photo!
Tuesday, 11 June 2019 15:47
Andrew Krauss
Good one Chris! The whole point of putting these old pictures of us up is i guess for it to be a bit embarrassing / nostalgic. I t... Read More
Monday, 17 June 2019 15:40
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How to Make a Demo Video That Sells

How to Make a Demo Video That Sells
In my January 2019 blog post, I reviewed licensing trends which myself and my fellow inventRight coaches saw in 2018. A point of emphasis was that inventors are now expected to do just a bit more. With a crowded pool of product developers trying to steal a licensee's interest away from your product, the need to create better marketing material or e...
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Guest — Nancy Moore
Great advice Ryan! Thank you!
Friday, 12 April 2019 06:16
Guest — Nancy Moore
Great advice Ryan! Thank you!
Friday, 12 April 2019 06:17
Guest — Maryann
Great information, thank you
Friday, 12 April 2019 12:24
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Invention Help for Free! Top 50 Licensing Videos - Over 1 Million Views!

Invention Help for Free! Top 50 Licensing Videos - Over 1 Million Views!
Commercializing an invention is difficult at best.At inventRight we are here to help. We have pulled together our top 50 most-viewed YouTube videos about how to bring new product ideas to market — which together have more than 1,000,000 views! The playlist is called "Invention Help - Top 50 Videos - Over 1 Million View...
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Sell Sheets

Sell-Sheets-Ryan-Blog
There is a reason you have clicked on this latest blog post of mine, and I know exactly why. Everybody loves sell sheets! In fact it is extremely common for a new student to ask me when he or she can get started on creating their marketing material. In reality, the sell sheet will come a little ways down the road for a brand new student. I love the...
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Brent Niccore
Nice post and very relevant as I will be submitting for my first sell sheet tomorrow. Can you add the new and improved Woof Washe... Read More
Tuesday, 05 March 2019 13:36
Guest — Richard Dale-Mesaros
Very timely for me too...... I just started laying out my sell sheet on my first product, PPA being submitted in a week or so. I a... Read More
Saturday, 09 March 2019 04:24
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Youth Isn’t a Barrier to Success. It’s Whatever You Make Of It.

Youth Isn’t a Barrier to Success. It’s Whatever You Make Of It.
Hi, my name is Courtney Laschkewitsch, I'm 22 years-old, and I just licensed four dorm room industry products.  Let me explain.Ever since I was 5, I would make prototypes out of paper. From designing completely new products to new ideas based off of old ones, I spent my childhood as an inventor. My box of prototypes The path to making inv...
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T Jay Kleeberger
Super happy for you Courtney. Congratulations!
Monday, 25 February 2019 16:36
Courtney Laschkewitsch
Thank you!
Tuesday, 26 February 2019 11:37
Satbir Saini
It's awesome how introspective you are. The way you view yourself reminds me of Freddie Mercury: "I always knew I was a star. And ... Read More
Tuesday, 26 February 2019 11:26
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Celebrating Invention During the 2019 AAAS Annual Meeting

AAAS-Annual-Meeting-Banne_20190222-201147_1
I am totally blown away by what I experienced last week at the AAAS annual meeting in Washington D.C. Scientists from all over globe attended. It was a huge honor and quite an eye-opener to be there, surrounded by all these amazingly creative thinkers. How do I fit in, you may be wondering? I was invited to share my experience commercializing inven...
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Time Is On Your Side

Time Is On Your Side
"My time is valuable." "Time flies." "There's no better time than now." What do these quotes have in common? They all put an emphasis on time, speed, and getting 'it' done now. Of course, there is a reason these sayings have stood the (ahem) test of time. They are overwhelmingly true. I am here to tell you that in the licensing game, time is absolu...
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Recent Comments
Brent Niccore
These rules also apply to negotiating a salary if you get a job offer or promotion. Act unimpressed, say you need a couple of day... Read More
Friday, 01 February 2019 05:23
Guest — Garth Patchen
Words of wisdom, Ryan. Thanks. 2nd product of mine exhibits these same characteristic "way points". One prospect will present m... Read More
Saturday, 02 February 2019 07:42
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Finally, I’m Proud To Be Different

Finally, I’m Proud To Be Different
I am different. And for the first time, I can say that I am actually proud to be different.It wasn't always this way. It amazes me that I had to go back to a second grade classroom to fully accept myself. My life has truly come full circle. Let me explain.Recently, a 8 year-old second grader posted a video of his invention on Facebook and by chance...
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Recent Comments
Guest — Matt
Stephen- I've always known that I too was different and didn't fit in with normal convention. Your post resonates with me to the c... Read More
Monday, 04 February 2019 09:01
Guest — Tim Brennan
Hey Stephen, Thanks for sharing this very interesting experience. It is the failure of the education system that the school di... Read More
Wednesday, 06 February 2019 22:55
Stephen Key
Hello Tim, thank you for reading. And also thank you for the kind words. Have a safe trip. I’m sure you will gathered a few great ... Read More
Thursday, 07 February 2019 16:46
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In 2019, Embrace the Power of One Simple Idea to Change Your Life!

BelieveInYourself
My life is remarkable. I live in Lake Tahoe, one of the beautiful places on the planet. I take trips with my family and friends to exotic locations for weeks at a time.It wasn’t always this way.When I was in my twenties and just starting out as an entrepreneur, I struggled to provide myself with the basics. The apartment I lived in was modest, with...
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Recent Comments
Guest — Mike Van Horst
Well said! I too was in your same position many times. I was ready to shelf my product 3 different times. Even my initial partner ... Read More
Tuesday, 22 January 2019 06:22
Andrew Krauss
I'm so glad your coach Paul and our negotiation coach David could be there for you to help you close this deal. But in the end t... Read More
Tuesday, 22 January 2019 12:08
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If I Could Just Get On Shark Tank!

If I Could Just Get On Shark Tank!
“If I could just get on Shark Tank.”I hear this all the time.“If I only had enough money.”“If I just knew the right person then all my worries and all of my concerns would go away.”Bringing a product to market is not a money issue, and it’s not about whom you know. It’s a knowledge and experience issue, and gaining those takes time. There isn’t a s...
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Guest — Jacques
Thanks Stephen, well balanced article. So many great take aways.
Thursday, 10 January 2019 12:13
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2018 Product Licensing Trends: inventRight Reviews the Year

HNY-Blog
Well, that went quick. As cliché and unbelievably predictable as it may be, I ask myself, “Where did the year go?” If you are an inventRight student or a follower of our content, hopefully a good portion of the year was spent with us in some form or another. Whether you were listening to our members-only webinars hosted by our incredible coaches, o...
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Recent Comments
Terry Dean
Great insights Ryan! Happy New Year to you and the entire IR Team! Let's KEEP INVENTING!
Thursday, 03 January 2019 09:29
Guest — Chato
Loved this insight!
Friday, 04 January 2019 20:09
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Trust The Process

Trust The Process
Los Angeles County, California – The month of November was a stressful month for residents of Los Angeles and Ventura Counties. The beautiful coastal city of Malibu was just one of several that ravaging fires totally devastated. The “Woolsey Fire,” as it was named, burned nearly 100,000 acres, destroyed 1,500 structures, and took 3 lives.The men an...
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Anyone can license an idea!

Anyone can license an idea!
I believe anyone can license an idea!Not only do I believe it, I know it! I see ideas get licensed every single week. From the wacky novelty products to ideas that can change the world!There is absolutely no reason why your creativity has to stay in your head.Companies are looking for ideas. It’s a simple as that!The traditional model of bringing a...
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Afraid to Make Cold Calls? You Need This Strategy

Afraid to Make Cold Calls? You Need This Strategy
Fall is now upon us. The weather is cooler and my favorite Holiday, Halloween, is just around the corner. So let’s talk about something really scary! Cold calls. The mere thought of making one sends shivers down some inventRight (iR) student spines. That’s understandable.Are we not essentially telling a licensee that we want them to take all the fi...
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(WEBINAR) Considering Crowdfunding? How to Fight Back Against Copycats and Counterfeits

(WEBINAR) Considering Crowdfunding? How to Fight Back Against Copycats and Counterfeits
If you are considering a crowdfunding campaign, do not miss this webinar. Crowdfunding is an absolute game-changer. Thanks to the success of sites like Kickstarter and Indiegogo, the crowd can vote with its wallet now.There are enormous benefits to running a crowdfunding campaign, including less risk, no equity, exposure, ease of use, validati...
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Why do successful people have coaches?

Why do successful people have coaches?
You have talent, ambition, and great ideas. Isn't that enough?I reflected on this question last week for a long time. There is so much information available to inventors today on the topic of commercializing a product, why aren't more people successful on their own? inventRight offers the largest library of articles on licensing, over 400 free vide...
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The BIG Reason Being Bold is Hurting You

The BIG Reason Being Bold is Hurting You
“Oh no!” I said to myself, as I slapped my palm to my forehead.  As routinely happens, a student of mine had just sent me an email he had sent to a potential licensee. Typically, my students will ask me to proofread their emails before sending them. However, and as my student will now admit, he let the excitement of initial interest get the be...
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Recent Comments
Alex Langer
Great point about getting the person on the phone Ryan! thank you.
Wednesday, 22 August 2018 20:59
Guest — Teryl
Great advice Coach.. Very informative post.
Friday, 24 August 2018 06:42
Jonathan R Chalmers
Thank you for the article.....I'm now up to the "getting in" stage so this is very timely advice.
Wednesday, 05 September 2018 15:35
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How Do You License Your Idea? Over 400 Free Videos Are Just Waiting For You!

How Do You License Your Idea? Over 400 Free Videos Are Just Waiting For You!
Have you taken advantage of the hundreds of videos about licensing on inventRight TV, our YouTube channel? You should!The inventRight team of Andrew Krauss, Stephen Key, David Fedewa, and Amy Jo Brogan have created over 400 videos to help you license your ideas and inventions.These videos provide all the steps you need to license your ideas to inve...
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How Can You Save Thousands of Dollars and Still Protect Your Idea? Write the Best Provisional Patent Application!

How Can You Save Thousands of Dollars and Still Protect Your Idea? Write the Best Provisional Patent Application!
You've heard me say this before - a Provisional Patent Application (PPA) is the inventor's best friend. And here's why.If you have an idea/invention take a deep breath before you do anything. Everything will be fine. Don't listen to friends or family members that have never brought a product to market. Don’t be sold on fear that someone is going to...
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Master the Art of Product Licensing - At Your Own Pace and In Your Own Way!

Master the Art of Product Licensing - At Your Own Pace and In Your Own Way!
Let the worlds leading experts on product licensing teach you how to collect royalties on your product ideas!How? With inventRight’s online licensing course, iR Academy.Learn how to license your own inventions without raising capital, starting a business, or really taking any risk at all.You probably don't even need a prototype let alone an expensi...
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Let’s Be Honest

Let’s Be Honest
As a veteran coach of inventRight, I have the privilege of being introduced to many new products on a weekly basis. The amount of creative talent out there is astonishing. All inventors, or product developers as we teach our students to reference themselves as, have the creative bug. Heck, if you are reading this article, you likely have more ideas...
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Garth Patchen
Ah Yes! The wisdom of a veteran inventRight coach cuts through the sugar plum dreams of product developer hopefuls. You and I ar... Read More
Monday, 16 July 2018 14:06
Wayne Augsburger
Excellent article Ryan. So true on so many levels while yet so few will take this rare excellent advice and learn from it. Even g... Read More
Friday, 27 July 2018 06:52
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Inventing is a Long-Term Play

Inventing is a Long-Term Play
I believe that people who create and invent new things do it because we have to - it's a natural desire that cannot be ignored. It's an energy, a way of looking at the world around us, and we simply have to let that energy out.I also think that most creative people are not in it for the money.We want to make the world a better place. We want to pro...
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Why You Won’t Go Viral and Why That’s Okay.

Why You Won’t Go Viral and Why That’s Okay.
I am often contacted by wide-eyed inventors who want to know how my product, Woof Washer 360 (www.woofwasher360.com), went viral and what tips/strategies I could offer to get their product to do so also. First; a bit of background: Webster Dictionary defines viral as: : quickly and widely spread or popularized especially by means of social media • ...
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Dawn Scheurle
Great behind the scenes insight and advice Ryan. Thanks!
Friday, 22 June 2018 12:42
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  1 Comment

You Don't Have To Start a Company Commercialize Your Idea!

You Don't Have To Start a Company Commercialize Your Idea!
In business schools and universities around the world, students are taught that to bring your invention or product idea to market you must start a company. I'm here to tell you they're wrong.Of course, if you want to start a company that's fine.But the simple truth is that most people don’t have the time, money, experience, or even the desire to st...
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How to invent right!

How to invent right!
Why do most inventors struggle to commercialize their inventions?Why are 97% of all patents worth less than what it cost to obtain them?In my opinion inventors have been going about this all wrong! The information they have is outdated. And, a lot of inventors get their advice from folks who don't have the experience to offer sound opinions - and w...
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The Reality of Being an Inventor

The Reality of Being an Inventor
I truly love the process of creating. Seeing your product on store shelves or maybe even TV is incredibly rewarding. Watching someone use your product is magical. I love it. But, like everything else in life, it takes a lot of hard work and perseverance to succeed.Here are a few simple truths that I’ve learned in my career about creating new produc...
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How do you find your potential licensee? How do you find companies looking for your particular idea?

How do you find your potential licensee? How do you find companies looking for your particular idea?
Just the other day I was speaking to an inventRight student and he mentioned that his list of potential licensees was somewhat short.Being familiar with the industry, I asked him if a particular company was on his list and, guess what?, it wasn’t.I asked him how he developed his list. He has used one of our recommended strategies which is to visit ...
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Can You Make a Living Licensing Ideas?

Can You Make a Living Licensing Ideas?
This is a frequent question asked by inventors and creative people.And, like anything else in life, to succeed at licensing requires practice, patience, and determination.I believe that most creative people come up with product ideas because that's just the way their mind works - you create instinctively - you can't really even help it - your brain...
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Guest — Jason
This is a very interesting question. As someone working in Innovation for a large company, I often wonder about the feasibility o... Read More
Wednesday, 16 May 2018 17:14
Guest — Sarah Smith
It's interesting that by going into the micro categories of licensing, you can find a relatively stable and uncontested licensing ... Read More
Wednesday, 20 February 2019 15:45
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  2 Comments

Are videos important to license your product idea?

Are videos important to license your product idea?
This is a great question. I've seen some videos that do a really great job of demonstrating a product's benefit. But do you need to have one?I think it all depends on the industry for which you are creating products.If you’re submitting ideas to toy companies (and submitting a lot of them which is how to be successful) then making a video for each ...
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Wayne Augsburger
Totally agree Dude! Great read.
Monday, 14 May 2018 09:09
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How To Overcome Obstacles When Licensing Your Idea

How To Overcome Obstacles When Licensing Your Idea
I wish it weren't true, but you must accept there are going to be many obstacles in your way when trying to bring your product to market through licensing.It’s going take longer than you think, working with freelancers might be frustrating, writing and filing your PPA might be outside of your skill set, making sure your sell sheet lo...
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Should you show your Provisional Patent Application (PPA) to a potential licensee?

Should you show your Provisional Patent Application (PPA) to a potential licensee?
At inventRight we get asked this question all the time.  As I travel around the country and speak to inventors, it's a familiar dilemma.  You've submitted your product to a company and they have asked to see a your PPA.  Should you show it to them?The simple answer is yes if they ask. But the real question (and advice I'd like to off...
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Recent Comments
Guest — Niroshan
Hello, My name is Niroshan and I'm from India. I wanted to ask you a question regarding PPA. Here in India I was told that no doc... Read More
Saturday, 06 July 2019 07:32
Paul Sorenson
Hi Niroshan, Whenever you file a PPA with the USPTO it is a good practice to print the receipt. This will give you your applicat... Read More
Wednesday, 10 July 2019 14:15
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  2 Comments

Can I license my idea to more than one company?

Can I license my idea to more than one company?
You have a great idea, it's perfect for Walmart and many other retailers and you want to sell as many units as you can.  After all, more sales means more revenue to you.  This is the dream of most inventors.So here’s the burning question?Can I license my product to multiple companies to help generate as much revenue as possible for me and...
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How to License an Idea Without a Patent

How to License an Idea Without a Patent
Stephen Key's Forbes.com article - In Today's Market, Do Patents Even Matter?You share your idea with a friend and he or she says “You’d better get a patent on that”.You watch Shark Tank and come away thinking you need a patent to sell your product.You go to a meeting of your local inventors group and speak with several people, including patent att...
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inventRight Helps People License Their Ideas. How?

inventRight Helps People License Their Ideas.  How?
Licensing ideas is easier now than it has ever been.  Open innovation is flourishing and thousands of companies are looking for new ideas.  Technological developments like 3D printers allow you to make prototypes quickly and inexpensively.  Crowd-funding websites help you raise needed dollars.  Freelance websites offer inexpensi...
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Cold Calling - 26 tips to be successful at this important skill!

Cold Calling - 26 tips to be successful at this important skill!
Creating a new product idea is the fun part! But, to successfully license your product idea – you have to show it to some companies, probably a LOT of companies – and to do that you have to find a way to get in to the right person and present your product idea the right way.For many people this is one of the hardest steps in licensing – trying to c...
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Recent Comments
Guest — Dawn Scheurle
Hi Stephen, Thank you so much for all you do! I've read your book and seen your podcasts and the info you provide is so appreciat... Read More
Monday, 09 April 2018 13:24
Andrew Krauss
Dawn, I'd be happy to answer your question about NDA's. Use this link to book a phone call directly with me. I will call you ... Read More
Monday, 09 April 2018 15:16
Guest — Dawn Scheurle
Done! Looking forward to talking!
Monday, 09 April 2018 17:35
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  4 Comments

Roadblock ahead! How to Stay Motivated While Trying to License Your Idea

Roadblock ahead!  How to Stay Motivated While Trying to License Your Idea
One of the toughest things about being an inventor or product developer is staying motivated and keeping on track – especially in light of setbacks.  This journey is a marathon; definitely not a sprint and you are going to experience ups and downs along the way.You need to have a few tips and strategies to help you stay excited, enthusiastic a...
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Finding a Product Scout or Licensing Agent is like Finding a Leprechaun!

Finding a Product Scout or Licensing Agent is like Finding a Leprechaun!
Finding a product scout, meaning someone who will represent your product to companies and aggressively try to get you a licensing deal, is like trying to catch the pot of gold at the end of the rainbow.Bringing your idea to market through the licensing model is straightforward – and something that you can do for yourself.  I’ve done it you can...
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Recent Comments
J Farrell
Just what I needed to read! .. I get tired and worn out, (never give up), but looking for something easier. It would be harder t... Read More
Wednesday, 21 February 2018 06:14
Andrew Krauss
LOL J, Yes, you could sell that product all day long. Many inventors just want someone to agent and sell their idea for them. T... Read More
Thursday, 22 February 2018 18:05
Aaron McGill
Just to the point! I thought that way for many years, waiting for that special someone who will take my idea/ product out there to... Read More
Friday, 23 February 2018 12:31
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  3 Comments

Walk Before You Run! The First Step Every Inventor Should Take

Walk Before You Run!    The First Step Every Inventor Should Take
I think most people want to start their licensing journey off correctly. I see it countless times: people throw themselves headfirst into a new project, excited about the possibilities. Don’t get ahead of yourself! There is a step you should take before you rush out with your product idea and file for a patent. If you miss this first step you’re go...
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Show Me The Money! How Much Can You Make From Licensing Your Idea?

Show Me The Money!  How Much Can You Make From Licensing Your Idea?
How much money can you make from licensing your idea? Someone asked me this question recently. In fact, some folks wanted to know if I can bring inventRight students onto my videos and seminars so they can share how much money they’re making.I haven’t gotten this sort of question in a long time and I doubt that I can answer it to anybody’s satisfac...
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Recent Comments
Guest — Jason
It's true - for me it's not about the money. If it was, I would not be nearly as creative and open-minded! Inventing is a fun hob... Read More
Friday, 09 February 2018 19:35
Andrew Krauss
I'm so happy for you Jason. You followed the inventRight approach and licensed your first product! The number of years a product ... Read More
Tuesday, 13 February 2018 10:16
Guest — Faith Bouchard
I will be getting royalties from a toy I invented , right now its in development, but I have other inventions I need to put money... Read More
Wednesday, 25 April 2018 20:33
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  4 Comments

Royalty Rates - How to get a Higher One!

Royalty Rates - How to get a Higher One!
Royalty rates are an important party of licensing – after all, it’s how you get paid! Everybody wants to know: how do I get the highest royalty rate? First let me tell you that royalty rates average about 5%. Over and over, across different industries and lots of different products, a royalty rate of 5% is standard. Once in awhile it might be 3% if...
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Don’t Kill Your Licensing Deal Before It Even Gets Signed!

Don’t Kill Your Licensing Deal Before It Even Gets Signed!
Today I want to talk about ‘killing the deal’ when you begin negotiating with a company. And no, I don’t mean this in a good way. Let me outline a scenario for you: you’ve done a lot of hard work by putting together wonderful sales material, making a list of companies and contacting them, and BOOM! One of them has showed some interest in your produ...
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Recent Comments
Kristina Van Horn
Interesting...but what ARE the unspoken rules and specifically, the right questions?
Thursday, 18 January 2018 20:43
Andrew Krauss
Kristina, Negotiating a license agreement is a dance. We help our students do that dance one or twice with the help of a negotiati... Read More
Thursday, 25 January 2018 10:43
  2015 Hits
  2 Comments

When Do You File a Patent? You’d Be Surprised!

When Do You File a Patent?  You’d Be Surprised!
I want to talk about when you should file a patent.  And based on my experience, I have a different approach to this than many other folks.  Trust me, I know exactly what it feels like to come up with an exciting new product idea, and Boom! That’s when fear takes over. Is someone going to steal my idea? 25 years ago, that fear hit me, and...
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Guest — Ben
I was worried about a PPA that I filed as I found other patents that had live web sites with demonstrations. They were not the ... Read More
Thursday, 15 February 2018 11:07
  1574 Hits
  1 Comment

18 Tips to Protect your Ideas

18 Tips to Protect your Ideas
Disclaimer: I am not an attorney and this is not legal advice.Happy New Year! Today I am going to go over 18 ways to protect your product ideas. It’s a lot of information that I think will help you both protect and license your idea successfully. I’m going to share the traditional methods of course, with the USPTO as your main resource, but I’m als...
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Recent Comments
Aaron McGill
Thanks Stephen, Great as always! Can't wait to get my copy of "How to Sell your idea with or Without a Patent". Warm Greetings fr... Read More
Wednesday, 03 January 2018 09:32
Andrew Krauss
A.McGill...... We are known for "One Simple Idea" book, but Stephen put a lot into "How to Sell your idea with or Without a Patent... Read More
Monday, 08 January 2018 13:19
Guest — Evan
Hello inventRight Team, In both books, Stephen recommends keeping a log of every invention that is thought up by the inventor. Wh... Read More
Tuesday, 20 February 2018 14:40
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  3 Comments

Reality Check for Inventors: No One Else is Going to Do it All for You

Reality Check for Inventors: No One Else is Going to Do it All for You
Today I want to talk about that magic person or company that is going to come along and do everything for you. They are going to take your idea, they are going to license it from you, and they are going to send you checks. All you have to do is come up with a great idea. Sounds like a miracle, doesn’t it? That’s because it is! It doesn’t happen tha...
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Brad Gupton
Another Great post. Keep 'em coming!!!!
Wednesday, 03 January 2018 20:11
Andrew Krauss
Thanks for the kind words about Stephen's post. Keep inventing! Andrew Krauss : inventRight Co-Founder: 650-793-1477... Read More
Monday, 08 January 2018 13:24
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  2 Comments

4 Questions to Help You Evaluate Your Big Idea

4 Questions to Help You Evaluate Your Big Idea
Don’t Rely on any Evaluation Other than A Potential LicenseeI want to talk about how to evaluate your product idea.I get this question all the time. People want to know: “Hey, do I have a good idea?” It’s something that I’ve spent a lot of time thinking about. Just the other day a bunch of really smart people showed me all the different ways to eva...
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Licensing your idea to a fortune 500 company

Licensing your idea to a fortune 500 company
Licensing your idea to a large company is possible - but you must be prepared.When I first started coming up with new product ideas, I was able to license several to small and midsize companies in the toy and novelty industries.  But then I hit upon a “big” idea. I licensed my label innovation, called Spinformation (http://www.spinlabels.com/)...
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How to Patent an Idea

How to Patent an Idea
Patenting an idea is not difficult. All you is need is a good patent attorney and a wallet full of cash. The real challenge is patenting an idea that is profitable. According to the United States Patent and Trademark Office, more than 8.5 million patents have been issued. That is a lot of invention ideas! But very few of them ever make any money. I...
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Guest — Ridley
Thanks for the great patent ideas. I like how you said that you have to patent only after you're sure of consumer demand. My broth... Read More
Wednesday, 12 September 2018 14:46
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  1 Comment

The 32 Most Common Problems Inventors Face

The 32 Most Common Problems Inventors Face
Are you experiencing any of the problems listed below?Is my idea different enough?Do I need a patent on my idea?Is my PPA good enough?Will a company steal my idea?Do I need a prototype?I don’t have the technical background, what should I do?Do I need a website?Do I need to start a business such as an LLC?Should companies sign my NDA?Is it safe to s...
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Do You Really Need A Patent?

Do You Really Need A Patent?
Everyone wants to know, do they need a patent? Most inventors are extremely fearful their ideas are going to be stolen from them. The question really isn’t that simple, though. What you need to do is think critically and develop a business strategy. What are you really after? How are you going to get there? When it comes to intellectual property, i...
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Guest — Verhagen Bennett
Nice Article. Well explained about the Patent Needs, it’s pros and cons. Before filing the application for patent , inventor somet... Read More
Thursday, 27 September 2018 01:13
Guest — Ridley
It's good to know exactly what a patent does. I like how you said that it's important to assess the marketability of your idea bef... Read More
Thursday, 13 December 2018 15:46
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  2 Comments

Is Your Product Right for Shark Tank?

Is Your Product Right for Shark Tank?
Since ABC’s Shark Tank premiered on August 9th 2009, it has become incredibly popular. Nearly 8 million people tune in to the reality show each week to watch entrepreneurs pitch their product businesses to a panel of potential investors, otherwise known as the sharks. Shows with the same premise, like Canada’s Dragons’ Den, exist in dozens of other...
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Recent Comments
Guest — Jake M.
I would almost argue that your product is better off for Shark Tank if it isn't being sold in the market already. I also disagree ... Read More
Tuesday, 26 December 2017 09:38
Andrew Krauss
Great points Jake. I've always felt that licensing is the best way to go. You get the ***Money***, ***Workforce(company working fo... Read More
Monday, 08 January 2018 13:29
Mike Van Horst
I can see the Benefits both ways. And I will tell as I was one of the ones that went the whole way thru 2 years in a row, and gues... Read More
Friday, 27 July 2018 16:09
  2772 Hits
  4 Comments

What is Licensing

What is Licensing
Licensing Your Idea / Invention How do I know if it is right for me? How To License Your Idea, Invention or Product Is the licensing model right for you? If you have additional questions, please click here to set up a phone call with a member of our team. What is licensing? There are different kinds of licenses. Essentially, and espe...
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Recent Comments
Guest — Israel Rosario
please need some help with license and agreement.
Friday, 02 February 2018 18:15
Andrew Krauss
Israel, We can help you with your licensing agreement or anything else to do with licensing. Feel free to call ask for me pers... Read More
Friday, 09 February 2018 07:46
Guest — Randy Johnston
Looking forward to learning.
Friday, 20 April 2018 11:18
  7915 Hits
  28 Comments

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inventRight is the world's leading expert on product licensing. Cofounded by Stephen Key and Andrew Krauss in 1999, it has since helped people from more than 60 countries license their ideas for new products.

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