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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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Celebrating Invention During the 2019 AAAS Annual Meeting

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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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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...
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2018 Product Licensing Trends: inventRight Reviews the Year

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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
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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 bringi...
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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 vi...
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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 expe...
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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 bra...
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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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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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