Category Archive

Licensing

37 articles in this category.

Inventing

You Don't Have an Idea Problem. You Have a Traction Problem.

Stephen KeyMarch 26, 20260 comments

Why smart inventors with real products still struggle —and what they're doing about it.

Pitching

How Much Work It Really Takes to Submit Product Ideas to Companies: 6 Real Examples

Dana KnowlesMarch 20, 20260 comments

Many inventors and entrepreneurs believe they can submit product ideas to companies for licensing and simply wait for a response. In reality, getting companies to review a product idea often requires months of outreach, research, and follow-up. Even when an inventor is ready to submit product ideas to companies, the real challenge is often getting the right…

Licensing

Product Idea Licensing: How to Get Companies to Respond Quickly

Stephen KeyMarch 18, 20260 comments

Many inventors and entrepreneurs believe the hardest part of licensing a product idea is contacting companies. It's not. The real challenge is getting companies to respond. If you've tried reaching out to companies about licensing your product, you've probably discovered this firsthand. You send the email. You explain the idea. You follow up. And then……

Inventing

Solopreneurs, Is Your Product Secretly Stalling? The 3 Walls of Scale

Stephen KeyMarch 10, 20260 comments

The rules that got you here won't get you there. Real entrepreneurs share what happens when you hit the scaling wall.

Licensing

How to License an Existing Product (When Sales Stall on Amazon or Online)

Stephen KeyMarch 10, 20260 comments

When does it make sense to license an existing product? If you're already selling a product and asking questions like: You're not alone, and you're not failing. These are some of the most common questions inventors and small product businesses ask once they've moved past the idea stage and into the reality of selling. This…

Licensing

The Power of Licensing: How Smart Inventors and Entrepreneurs Scale Faster

inventRightOctober 30, 20250 comments

Expectations matter, especially when it comes to licensing. That’s why we want to be clear about what inventRight's Gateway program is — and what it isn’t. inventRight's Gateway program isn’t coaching. It isn’t a “blast your idea to a bunch of companies” service. And it isn’t for people who are...

Licensing

The Missing Link in Product Licensing: inventRight Gateway

inventRightJuly 21, 20250 comments

Struggling to get companies to respond to your product idea? You’re not alone. For 25 years, inventRight has taught inventors how to license—but outreach remained the biggest barrier. That’s why we created Gateway: a trusted system that gets your vetted submission in front of companies ready to review outside ideas. Discover how Gateway bridges the gap between pitching and getting real results.

Licensing

Licensing Process: How Kevin Curtis Turned His Electronics Passion into Royalties

inventRightJanuary 16, 20250 comments

If you’ve ever dreamed of turning your ideas into products and earning royalties, Kevin Curtis’s story will inspire you. A self-taught inventor with a background in electronics, Kevin has built a career by licensing his innovative tools to companies and living off the royalties. In a recent interview with Stephen...

Licensing

Get Paid For Your Ideas: Cigdem’s Success Story 

Stephen KeySeptember 27, 20240 comments

Is it possible to get paid for your ideas? Yes. Most people think the only way to get paid for your ideas is by starting a business, but that isn’t true. It’s possible to get paid for your ideas without starting a business through the licensing business model . When...

Licensing

My Biggest Licensing Mistake: Learn from It

Stephen KeyAugust 14, 20240 comments

Learn from my biggest licensing mistake. Understand how to avoid a critical licensing mistake and manage potential contract breaches effectively.

Licensing Agreement

My Approach to Negotiating a Licensing Agreement

Stephen KeyAugust 7, 20240 comments

Learn key strategies for negotiating a licensing agreement. Discover when to involve a licensing attorney and avoid common mistakes.

Licensing

Top 4 Reasons Why Companies Won't License Your Product

Stephen KeyJuly 22, 20240 comments

Discover why companies won't license your product. Learn the common mistakes and how to avoid red flags to improve your chances of success.

Licensing

Connect with Companies to License Your Idea: 7 Tips for Success

Stephen KeyJuly 13, 20240 comments

License Your Idea with 7 essential tips to connect with companies effectively. Learn how to stand out and secure a licensing deal for your innovative idea.

Licensing

How to Find Companies That Will Buy Your Invention Ideas

Andrew KraussJune 17, 20240 comments

Unlock opportunities with strategies to connect with companies that will buy your invention ideas. Avoid common mistakes and learn proven techniques now.

Licensing

Get Paid For Your Invention Ideas: Strategies for Success

Stephen KeyJune 10, 20240 comments

Discover how to get paid for your invention ideas into profit. Learn how to make money from your inventions with these expert tips.

Licensing

Licensing a Product? Prepare Yourself for These Questions

Stephen KeyMay 15, 20240 comments

Learn how to tackle tough questions from companies interested in licensing your product. Be confident and well-prepared for your meeting with these expert tips.

Pitching

How to Pitch an Idea to a Company: 3 Ways to Connect with Companies

Stephen KeyMay 10, 20240 comments

Learn how to pitch an idea to a company effortlessly. Discover effective strategies for connecting with companies. Start pitching today.

Licensing

Essential Tips for Licensing Your Product Idea: Getting Companies to Say Yes

Stephen KeyApril 24, 20240 comments

So you've got this great idea, right? And you want to take it to the next level. You want to get it out there, but you're not sure how. Well, don't worry, because I've got some tips for licensing your product idea that will make it easy for companies to...

Pitching

Not All No’s Are Created Equal

Ryan DiezFebruary 8, 20240 comments

When a new student joins inventRight , he or she is paired up with a personal coach who will hold their hand through our 6-month "boot camp" journey. The end goal, of course, is to obtain a licensing agreement for their product and to leave us with the knowledge and...

Licensing

How inventRight Helps You Sell An Idea

Stephen KeyDecember 22, 20230 comments

Do you enjoy being creative? Is one of your goals in 2024 to sell an idea and make money? It's entirely possible! inventRight exists to help you overcome the many obstacles standing in your way. We do this with a proven process — our 10-step system for selling an idea...

Pitching

To Sell Your Idea, You Have To Reach The Right People — Here Are 9 Rule-Breaking Tips

Stephen KeyDecember 19, 20230 comments

Reaching out to companies to connect, pitch, and ultimately sell your idea has become more challenging than ever. This is because we're all so very busy. Calls go unanswered, inboxes overflow with messages, and some companies have entirely abandoned traditional phone systems. So, how can you make sure your message...

Licensing

"Who Is Taylor Swift?"

Stephen KeyDecember 12, 20230 comments

Read how Stephen Key started working with Taylor Swift. A Simple Idea Turned Taylor Swift Guitar Picks!

Licensing Agreement

When And How To Ask For The Licensing Agreement

Stephen KeyNovember 8, 20230 comments

Learn when and how to request a licensing agreement in this comprehensive guide. Get insights on the licensing agreement process.

Licensing

How Veronica Earns Passive Income From Her Creative Ideas — 12 Designs Licensed

Madeleine KeyOctober 20, 20230 comments

Veronica is a self-taught designer from the San Francisco Bay Area who earns passive income from her creativity by licensing her simple ideas for new products. By following inventRight’s 10-step process for earning passive income from your ideas, she has licensed pet products, toys, games, kitchenware, housewares, tabletop, promotional items,...

Licensing

How To License An Idea To More Than One Company

Stephen KeySeptember 6, 20230 comments

I often get asked the question " How to license an idea to multiple companies and increase the revenue? " It is most people’s common concern, and I am here to share my experience on how it can be done. Always keep in mind that while approaching various companies to...

Pitching

Convincing Companies That Pay For Invention Ideas: 7 Winning Strategies

Stephen KeyAugust 31, 20230 comments

Discover essential tips for convincing companies that pay for invention ideas. Gain an edge in negotiating your licensing agreement with expert insights.

Licensing

Product Licensing At The Highest Level: Rising To The Top

Stephen KeyAugust 25, 20230 comments

Discover the secrets to excel in product licensing at the highest level. Valuable tips and strategies to stay competitive and achieve success.

Inventing

Stop Counting The Play Money

Don SkaggsAugust 18, 20230 comments

STOP counting the PLAY MONEY!

Licensing

Common Licensing Mistakes and How to Avoid Them

Stephen KeyAugust 17, 20230 comments

When I was working on my book, “ Become a Professional Inventor ,” I interviewed 30 different open innovation companies. These conversations led me to believe that we inventors, could do a better job submitting our product ideas to companies accepting outside innovations. But truthfully, it’s not always an easy...

Licensing

Congratulations Keanu Alfaro On Yet Another Licensed Product! Check Out Keanu Game-Changing Dual-Blade Design

Stephen KeyAugust 4, 20230 comments

When inventor Keanu Alfaro noticed a trend in the marketplace, he took action. Congratulations! Keanu Alfaro on successfully licensing your product idea! With the popularity of online shopping, box cutters have become a common household item, easily found in various hardware stores. However, Coach Keanu identified a limitation in the...

Licensing

"The Odds Of You Licensing That Idea Are One In A Million"

Stephen KeyJuly 28, 20230 comments

"The Odds Of You Licensing That Idea Are One In A Million" In my home office, I'd brainstorm new ideas while shooting baskets with my indoor Ohio Art basketball game. I’ve always loved playing basketball. There's nothing quite like making a few buckets. This Ohio Art indoor basketball game featured...

Licensing

The Big Difference Between Selling And Licensing Products

Stephen KeyJuly 19, 20230 comments

Have lots of ideas? Don’t want to start a business selling them yourself? Consider product licensing.

Licensing

To License a Product, Focus On These 6 Things  

Stephen KeyJuly 6, 20230 comments

To license a product, here’s what you need to focus on.

Licensing

Congratulations On Your Licensing Success, Shane! Learn How He Made It Happen

Madeleine KeyJune 30, 20230 comments

Learn how Shane licensed his second product idea.

Licensing

What Is Product Licensing And How Does It Help Creative People?

Stephen KeyJune 8, 20230 comments

If you want to commercialize an idea, the traditional way has been to start a business. Starting a business to turn an idea into a product requires writing a business plan, manufacturing, marketing, fulfillment, and hiring people. But there is an alternative. It’s called product licensing . In simple terms,...

Licensing

What Is A Licensing Agreement?

Stephen KeyMay 22, 20230 comments

Licensing is a way of doing business that has existed for at least centuries. Note: The advice in this article about licensing agreements is written from a business perspective, not a legal perspective. It is based on my experiences as a successful inventor. I am not an attorney, and this...

Licensing

To Sell An Idea, Focus On These 7 Things

Stephen KeyMarch 6, 20230 comments

Are you an entrepreneur with fantastic concepts for new products and services? Learn what you need to sell your ideas to companies.