Licensed his idea with inventRight coaching support
How inventRight coaching helped Richard secure a deal and prep for a chainwide rollout
Inspired by his 11-year-old daughter Olivia, independent inventor Richard worked with inventRight coaching to refine his pitch, navigate key terms, and close a licensing agreement. The licensee planned an initial 128,000-unit run with a dedicated spinner in about 980 stores worldwide and even discussed featuring Olivia as a spokesperson, inviting them to headquarters to review designs based on the concept.
“I just sold my idea. The licensee estimates they will order 128,000 units in the first run.
They also plan to give the product its own spinner in each of their 980 stores world wide!
The product was inspired by my daughter, Olivia (11 yrs), and I gave her all of the credit for the concept. In truth I had a conversation that got the idea going in my head and I designed it with her feedback, but they don’t need to know that. I even put her name along with mine on the provisional patent.
They now see Olivia as a possible spokesperson for this product (they want to tell the story of the 11 year old designer and even use her first name in the product) and also they want more ideas from Olivia to consider. They’ve even invited us out to their headquarters to meet the staff and designers and review designs based on this concept. Very cool!
Thank you so much for introducing me to this new and very exciting business and coaching me along the way!
You are doing a great thing for people. You are giving them a chance to define their own lives and to fulfill their dreams.
Without your help myself and so many others would be totally clueless on how to succeed with new ideas. What you are doing is really important!”
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