Licensing Library
Licensing and Inventing Success Stories
17 articles in this category.
Licensing and Inventing Success Stories
The Many Benefits of Licensing Your Hit Idea to a Market Leader
Most of us are struck with ideas for new products, at least from time to time. Far fewer of us take action. For example, have you struggled to stuff tissue paper into a gift bag so that it looked beautiful...
Licensing and Inventing Success Stories
How to License Your Hit Idea to a Market Leader
For most entrepreneurs, landing one's product in a big-box retailer is the ultimate goal. Erin Borges, an inventor and mom from Monterey Calif., did just that -- and in under two years. Her product? A reinvention of the traditional gift...
Licensing and Inventing Success Stories
From Bartender to Inventor: How to Turn Your Day Job Into Passive Income
Late one night in 2010, at a drinking hole in his Michigan hometown, Lansing, David Fedewa remembers, he was staring at the bartender filling up pitchers of beer when the thought dawned on him: He's doing that all wrong. Why...
Licensing and Inventing Success Stories
8 Steps to Building a $3 Million Hair-Care Brand Using Social Media
Today, thanks to social media, you don't need an enormous ad budget to communicate with your customers. You can reach them organically -- if you understand who they are and what motivates them. Take Ryford Estores, the 33 year-old inventor...
Licensing and Inventing Success Stories
The Simplest Ideas Can Be Extremely Profitable. Here's Proof.
Does the licensing lifestyle sound too good to be true? It might. But, if you're creative and you hustle, you can pitch and rent out your ideas for consumer products to companies with global distribution. In fact, I can tout...
Licensing and Inventing Success Stories
6 Ways Daymond John Exemplifies the Mindset of an Entrepreneur
I'll never forget the way Daymond John treated me when we met at a trade show in Las Vegas about six years ago. He didn't know me from a hole in the wall, but he was so comfortable it was...
Licensing and Inventing Success Stories
Entrepreneurs: Never Underestimate Your Ability to Solve Problems
When first-time inventors Jane Och and Sharon Prince came up with a way of storing guacamole that would prevent it from ever turning brown, they never imagined that it would take nearly four years to get to market. But they...
Licensing and Inventing Success Stories
True Entrepreneurs Find a Way to Stand Out
I remember the day Daniel DiPiazza interviewed me for The LipTV as clear as a bell. The first thing that stood out to me was how great his studio looked. Was the background fake? Probably, I know don't. No matter,...
Licensing and Inventing Success Stories
The Father-Daughter Duo Who Brought the World's First Pancake Printer to Life
Within the inventing community, fear runs rampant. Some inventors are so afraid of having an idea stolen that they fail to take any action at all, which is truly unfortunate. To be clear, keeping your ideas to yourself is sound...
Licensing and Inventing Success Stories
7 Steps to Becoming a Full-time Product Developer
Becoming a full-time inventor takes commitment. Most ideas-even great ones-just aren't brought to market that quickly. Any inventor will tell you that it can sometimes feel as though you're waiting and waiting. But I think it's worth it. After all...
Licensing and Inventing Success Stories
Midsized Entrepreneurial-Minded Companies Are Your Best Bets For Licensing
The pace of the global economy is spurring companies to look for new product ideas with increasing fervor. These companies are hungry for your innovations. They want to profit from your creativity. But which companies, exactly, am I talking about?...
Licensing and Inventing Success Stories
The Hidden Benefit of Crowdfunding: Proof of Demand
Last week, I wrote about the challenges of running a successful crowdfunding campaign, and that entrepreneurs who are lacking in ample funds and a sizable network would be better off attempting to license their ideas . However, that's not to...
Licensing and Inventing Success Stories
How a First-Time Entrepreneur Went Global with One Simple Idea
When Nancy Tedeschi was struck with the idea to reinvent the screw by adding a long snap off piece — thereby enabling glasses-wearers the world over to quickly fix their eyewear — she was absolutely sure she wanted to bring...
Licensing and Inventing Success Stories
How to Use Maker Faire to Test Your Product Idea
Testing the market is one of the most challenging aspects of product development, especially for independent inventors. You think your idea is great -- but will anyone else? How can you be sure? Should you invest your time and energy...
Licensing and Inventing Success Stories
How to Get 60 Million Views on Social Media in Less Than One Week
Who among us hasn’t dreamed of going viral? Talk about the ultimate gratification. We work so hard and for so long without knowing whether our ideas are ever really going to take off. The wait can be taxing. Should you...
Licensing and Inventing Success Stories
How One Woman's Mission to Preserve Her Mother's Mobility Lead to a Great Invention
The most successful inventors I know are passionate about their ideas. Makes sense, doesn’t it? Becoming an entrepreneur isn’t for the faint of heart. I can tell you this: Everyone who makes it experienced rejection countless times before. It’s inevitable....
Licensing and Inventing Success Stories
The Inventor of the ‘George Foreman’ Grill Sets the Record Straight
When a product becomes a household name, a lot of people tend to stake their claim. Origin stories are lost and rewritten. Ownership changes hands. Debate ensues. Which is partly why Michael Boehm was happy to appear on Million Dollar...
