Don't Let These Obstacles Stop You From Licensing Your Idea

[@t-dubtaylor1083]

Stephen! You guys at Invent Right are heroes in the new economy! I was wondering, has a company ever offered to buy your idea out-right? Would you sell it and if so, how would you arrive at your selling price? I'm so grateful for what you are doing. It is really life-changing work!

[@stephenkey3137]

Thank you for watching. Companies typically don't buy your ideas out right. Too much risk.

[@Column1]

Great... it's that's simple

[@grygoriirozdorozhniuk3750]

Hi Steve! would be interesting to get from you some time management tips thanks

[@inventRight]

Good ideas for a video, thanks!

[@pdub2762]

Ty ty

[@tungstenejector]

I have developed a great golf accessory that has been found to be original and it is without doubt the best golf accessory I have ever used and I know for a fact it would be a big seller. I'm busy polishing up the demo video, I do have a preliminary patent application on file and I could sure use some advice on how to go about getting a company interested in taking it on.

[@inventRight]

Hi Alan! Thank you for watching the video. Getting into companies can seem daunting at first. That's why we put together our book "Getting In". Inside you'll find some of the best advice on contacting and attracting companies. You know what the best part is? Right now, you have free access to it! Just visit www.inventright.com and scroll to the bottom of the home page.

[@deronchapman3591]

Thanks Stephen...I have made a change to my product idea after almost landing a licenseing agreement. Should I refile my PPA with the changes now or wait until it expires?

[@inventRight]

When it comes to Intellectual property protection, every case is unique. You might want to check out Stephen's book "Sell Your Ideas With or Without A Patent": www.amazon.com/Sell-Your-Ideas-Without-Patent/dp/1507885733/ref=asap_bc?ie=UTF8. You might also find this article useful:: www.inc.com/stephen-key/what-to-do-when-your-provisional-patent-application-is-about-to-expire.html. It's not exactly the same case, but some of the considerations are the same. Finally, you may consider contacting the inventRight team: www.inventright.com/contact. Thank you for watching Deron!

[@inventRight]

Need a little inspiration to keep working on your ideas? Read about Erin Borges, creator of the patented award-winning GoGo Gift Bag. In less than 2 years, she got her reinvention into Target, Bed Bath & Beyond and Cost Plus stores nationwide. How she'd do it? By licensing to a market leader! www.entrepreneur.com/article/307875

[@AdkismLaura]

I recently submitted my invention with demo video to ASOTV and the rep seem very excited over course of our email exchanges this happened on April 20th and I'm not heard from them since do you think it's a good idea to follow up or just wait? Kind regards

[@AdkismLaura]

Yes, it does thank you.

[@stephenkey3137]

Absolutely follow-up.

[@stephenkey3137]

I highly recommend All-Star Products! Great company!

[@cedward2453]

Stephen, How can you gain perceived ownership over a product that introduces an existing idea with a slight design twist into a new field of use? (per Amy Jo's video kzbin.info/www/bejne/h3zCfoKhor90pdEm12s )

[@inventRight]

Hello Ed! Thank you for watching! That is a great question. Check out our Library section on establishing perceived ownership: www.inventright.com/component/k2/content/establishing-perceived-ownership.

[@meetalg]

🥇🪙

[@inventRight]

Thank you!