How do I find companies to buy my idea?

inventRight Co-founder Andrew Krauss interviews inventRight coach Scott Putnam about how to find companies to sell your idea to. They talk about "what not to do” as well as what “to do” in this area. It’s very important that you have the right mindset.
Do you need help with your invention idea?
Do you have an invention idea and don’t know what to do next?
How do you license an idea? How do you patent an invention? Learn how to become a profitable inventor and earn passive income from your creativity following the advice of inventors Stephen Key and Andrew Krauss. They are the world's leading experts on how to license a product idea. If you have an invention idea, inventRightTV is the show to watch.
Stephen Key and Andrew Krauss are the cofounders of inventRight, a coaching program that has helped people from more than 65 countries license their ideas for new products.
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If you have questions about how to invent, how to be creative, design, how to do market research, prototyping, manufacturing, negotiating, pitching, how to sell, how to cold call, how to reach out to open innovation companies, licensing agreements, non-disclosure agreements, patents, copyright, trademarks, and intellectual property in general - subscribe to inventRightTV! New videos every week, including tons of entrepreneur success stories.
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Contact us at #1-800-701-7993 or www.inventright.com/contact.
This is the book you need to license your product idea: “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: amzn.to/1LGotjB.
This is the book you need to file a well-written provisional patent application: “Sell Your Ideas With or Without a Patent.” Find it here: amzn.to/1T1dOU2.
Determined to become a professional inventor? Read Stephen's new book "Become a Professional Inventor: The Insider's Guide to Companies Looking For Ideas": www.amazon.com/gp/product/165...
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[@youwishyouwere1ofone709]

I'm starting from the very bottom with this.. I have a product that I'd like to try and put on the market. I do not have a license or patent for it. It's a very simplistic product and there are many companies who distribute similar products, but not this particular one. I thought I would call companies who made these type of products. I'd tell them what I wanted them to make, they would tell me the cost and then they would make it. Its certainly not that simple.. I really appreciate your channel I'm learning alot about where to start.

[@reyvajhernandez9468]

Get Stephen's keys book "HOW TO LICENSING YOUR IDEA WITHOUT A PATENT" Is very helpful, if you have the time to become a student you should consider . Listen to mike van Horst push and hang is very inspirational and motivitalnal . Good luck 👍👍

[@inventRight]

You can do this . You just need to learn the steps. Reyvaj's suggestion is good, but i would get our book "One Simple Idea" first before the book he mentions below. inventright.com/books/one-simple-idea/ And if you want to get on the fast track consider our coaching program. inventright.com/services/. Keep Inventing! - Andrew Krauss, inventRight Co-Founder

[@Dapper_Dean]

That's exactly my issues. I love doing the creative part of the process. Then there's the making a list, calling, and extensive research. Is there a way where you team up creative students and research savvy students? ~wishful thinking~ 😂

[@inventRight]

Hi Dapper Dean, It's not hard. It is work but anyone can do it. Most of licensing your products is not the inventing part. Once you accept this, you can be successful. No one will be as motivated as you to work on your projects. If you want to learn it yourself and then hire and train someone to do it later you will know if they are doing a good job because you will have done it yourself. If you never do it yourself, how can you manage someone else? Keep Inventing! - Andrew Krauss, inventRight Co-Founder

[@HawknessMonster]

Love hearing Coaches Scotts opinions, thank you!! You win when we win, YESSSS🌠🥂💡🔥

[@DoingJustThat]

Thank you for pointing the way! I find myself trapped in a loop of being busy not really sure what to do on many things including reaching out to co and management

[@inventRight]

I think most inventors feel the way you do. This is common. If you are willing to do the work, we can coach and guide you through it all. inventright.com/services/ - Andrew Krauss, inventRight Co-Founder

[@bradclark2922]

Great video, thanks Andrew and Scott. Keep em coming!

[@inventRight]

Thanks Brad. I think Scott did a great job on this video. Keep Inventing! - Andrew Krauss, inventRight Co-Founder

[@donnabeattiedreamerbydesign]

Yeah it's my angel 😇 coach Scott 🎉

[@inventRight]

Scott is amazing. I agree. - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

[@manalmahet1575]

It is really useful information! I have a GB Patent about increasing the internal combustion engine efficiency significantly by doing a very minor modification to its Slider Crank Mechanism, I' d like to licensing or selling it to companies, please, advise me about how to do it.

[@inventRight]

Sure just call us!

[@patrickbrooks1567]

Thank you!

[@inventRight]

You're welcome!

[@whateverjones2159]

Love it

[@inventRight]

Thank you. Keep Inventing! - Andrew Krauss, inventRight Co-Founder

[@veesoho93]

Nice !

[@inventRight]

Thanks!

[@raymondlea3900]

Hi I have a new prototype of the old hazardous tilt truck dump cart virtually hands free unloading what can I do?? I just want to sell it out right

[@inventRight]

Keep watching the videos!

[@saveearth9816]

I want to start... I want to submit my invention idea... I'm living far away from your country I'm from Libya... & I am not rich man to pay lot of money for the complex steps from submission to prototype etc... Give me a link to start... (my idea is about the production of electricity from sea waves... Clean energy) Thanks

[@carlschmiedeke151]

Is the company that did the George Foreman grill, out to just take your money or your idea, are they a good go to company to help you get your product searched for a patent search, or are they just like I said, out to get your money

[@inventRight]

We are not the invention promotion company you are referring to. We are actually not an invention promotion company at all. We coach and mentor inventors to license their ideas. Invention promotion companies don't coach and mentor. Keep Inventing! - Andrew Krauss, inventRight Co-Founder

[@bhatkat]

Have you tried Google patents? No company will help you do a search, that's your back yard and it takes about 10% of the work now that the data base is online.

[@carlschmiedeke151]

@@inventRight 😞 my idea has something to do with solar panel, & everyone that I have talked to that has solar panels, & explained my idea, & how it worked said, OMG, I so wish there was something out there like that, I'd totally so buy it, & tell everyone I know that have solar panels about it, so I know it would sell like hot cakes,

[@carlschmiedeke151]

@@bhatkat yes I have googled it, but ya never know who to trust with your idea, 🤣🤣😂😂😂😂🤣😂😂, I actually had a company tell me to get it off the ground I'd need to send them $150.000, I thought, WTF kind of dope are y'all smoking

[@carlschmiedeke151]

@@inventRight so what is your thoughts of the company that got the George Foreman, I had been talking to them, & they said it would cost me $800, in 4 $200.00 instalments payments, but I don't & didn't if I could trust them not to steal my idea, but the BBB they are a great reputable company, but I wanted someone in the business to give their opinion of them that knows them

[@donnabeattiedreamerbydesign]

💫💓💫

[@johnjackson7317]

Still not telling anyone how to find the companies other than the ones that do allow submissions. If you did then your company won't make money getting people to join

[@inventRight]

Hi John, I think we did tell you how to make your list. Look at reatailers > then look at the big companies selling at those retailers selling products somewhat in the same space. We never hold back on giving "how to" info. Once you have this of course, you will of course need help with other things. That's where the coaching comes in as you can have this kind of info but all sorts of things come up that are specific to your situation that the coach can guide you with. Keep Inventing! - Andrew Krauss, inventRight Co-Founder

[@radarpuddles1463]

All well an good guys. Butt. What or Who is the manufacturer ?? Can't make stupid mistakes orutilize your if I don't know who the multitude of manufacturers are. When I search for a list of them I get a butt load of your videos. Yet your not sharing. Awesome

[@brandonhagerty6089]

In my humble opinion, don't do outtakes. They're never as funny as you think they are.

[@inventRight]

I hear you Brandon. Outtakes are probably more funny for the content providers than the audience. Humor is a personal thing as well. Everyone thinks different things are funny. Proabbly very good feedback.Thank you. Keep Inventing! - Andrew Krauss, inventRight Co-Founder

[@gineenspring855]

Thank you!

[@inventRight]

You're welcome!