How Much Is Your Invention Worth?

[@johnferrellesq.]

Send an email to [e-mail] to speak with an attorney. Send an email to [e-mail] to subscribe to our newsletter!

[@cesarruizamador3120]

Is great to have a real patent attorney helping us to educate ourselves on non-ovbious but very important aspects of the licencing process. Tank you very much, John.

[@johnferrellesq.]

Thank you for the kind comment. I am so happy that you are finding these videos useful. I am curious what other types of videos you watch. Are there other entrepreneur topics I could address that you would be interested in watching? Warmest wishes, -john

[@cesarruizamador3120]

Thank you for your response, John. I mostly watch inventRight tv videos, videos from your channel and some English lesson channels. Basically anything that will help me in the process of properly drafting and filing my first provisional patent application. Thanks again and best regards.

[@johnferrellesq.]

@@cesarruizamador3120 Great to know! Thank you again, for watching my videos, Cesar. Warmest wishes, -john

[@piylchoez460]

Very nice

[@johnferrellesq.]

Piyl, thank you so much for watching my video! I am super appreciative! 😊 -john

[@bhatkat]

Been in the game for quite awhile. Another tip is when that light bulb goes on, you get an idea the first thing to do is try to knock it out. My first thought now is market size, a million dollar market is now trivial. Then figure out if it can even be manufactured at a reasonable cost and if it can support the needed markup to get anyone's attention. Then search for prior art, which is now quick and easy with the WWW. Ran into one guy who was out around 150K with no returns, never file a utility patent without a proven market, some lawyers will be glad to take your money, others will give you wise advice. And the only one's I know you can trust are Invent Right and Lambert & Lambert.

[@johnferrellesq.]

Great advice. Thanks!!

[@Shellbee22]

EXCELLENT VIDEO!! Thank you finally someone getting into specifics!! 👏

[@johnferrellesq.]

@michelefallo9762 So glad you enjoyed the video. Please let me know if there are other videos that you would like to see. Warmest regards, -john

[@Scott-YouTubeAddict]

Well explained with real world considerations of the manufacturer. My reply to the manufacturers objection regarding cannibalisation would be “how many sales are you going to lose if I deal with your competitor” 😊

[@johnferrellesq.]

Great comment! Thank you so much for watching my video. I am very grateful to have you here 😊 -john

[@Scott-YouTubeAddict]

@@johnferrellesq.thanks John I also subscribed. Just wondering how long licensing agreements usually last and if they can be inherited 🇦🇺

[@johnferrellesq.]

Thank you! A license agreement normally lasts the life of the IP being licensed although it could be for any length of time (there are some limited exceptions in various different States). Yes a license can be inherited. Good luck with your project!

[@rajburdak3825]

Veer good

[@johnferrellesq.]

Raj, Thank you so much for watching my video and leaving your comment. I am very grateful to have you here 😊 -john

[@piercemooney8978]

Insane value.

[@johnferrellesq.]

Wow, Pierce! Thank you for kind comment. I am especially appreciative that you added the word "value" to your post. 😊. Warm wishes. -john

[@donnabarbieri2410]

Thank you John. This was very informative.

[@johnferrellesq.]

Thank you for the kind comment. I am so happy that you are finding these videos useful. I am curious what other types of videos you watch. Are there other entrepreneur topics I could address that you would be interested in watching? Warmest regards, -john

[@donnabarbieri2410]

@@johnferrellesq. Thank you for answering. Right now how to sell and make money from my invention is what I'm interested in. I also have other invention ideas, but I am new at this. So I am looking to gather and learn as much as I can about the process. Your videos are very helpful

[@johnferrellesq.]

I haven’t made a video on this topic in a while, I will noodle on it today and if I can find the time this afternoon or tomorrow I’ll see if I can get a “How To Make Money with Your Inventions” video banged out. (The video would likely publish in early September, if I can get it done. 😊) I’ve been thinking a lot about this topic lately and think I have some new ideas to add. Have a beautiful weekend. --john

[@donnabarbieri2410]

@@johnferrellesq. That would be great. I look forward to hearing it!

[@petehoney1]

another really really helpful video .. thanks John regards Peter Honey 🙏🙏

[@johnferrellesq.]

Thank you, Pete. I appreciate having you as a viewer. Let me know if there is a video you would like to see. Warm wishes. -john

[@spaceoddityNA-ml9wu]

Question: What is the percentage of the profit if the licensee is both the retailer and manufacturer?

[@johnferrellesq.]

If you are taking on both roles, you should charge a profit to cover both the manufacture risk and the retail risk. One way to look at this is how much (what % of the retail price) would you need to pay a third party to handle each of these roles. You should price your product to pay yourself for these costs. Good luck with your product! -john

[@spaceoddityNA-ml9wu]

QUESTION: What is the profit percentage if the licensee is both the manufacturer and retailer?

[@johnferrellesq.]

Thank you so much for watching my video and leaving your comment. I am very grateful to have you here 😊 -john

[@brightfuture5201]

Awesome

[@antap]

Very good

[@johnferrellesq.]

Thank you for watching my video, AP. So great to have you as part of my community. 😊

[@antap]

@@johnferrellesq. If I hadn't engaged with an Attorney a few weeks back (we are in Pre Lit Investigation now) I would have called you re litigating my case. (My Patent/Product was infringed upon in late 2018 with Damages going back to Grant Date 2 years ago 700+days; Notabley, on Amazon). This video backed up what I did last week - looking at Profit margin to Royalties relationship and what part of the pie the parties doshould receive. I invented the IP and also created the mini Start UP and launched on Amazon, therefore, I'm entitled/looking for more than the Inventors single digit royalty. Your video on the Amazon Neutral Evaluation Programme made me laugh and cry! I didn't go for it two years ago because I wasn't thinking about licensing and what the Infringer had to lose (10k/week). Different mindest and knowledge on the situation now. Cheers John

[@johnferrellesq.]

@@antap Thank you for your comment and for watching my video. So happy you found an attorney to work with. Hopefully, your case will be resolved quickly. Good luck!! 😊

[@antap]

@@johnferrellesq. Cheers John, I enjoy your tutes!

[@dollysiharath4205]

Thank you for your advice, I am ready to submit my ideas to a few companies, but I have not established a relationship or selected a lawyer yet. I live in Texas; do I have to work with a lawyer that lives in my state?

[@johnferrellesq.]

Thank you for your message. Where in Texas do you live? I grew up outside of San Antonio, attended undergrad at U.T., and went to grad school and taught at A&M. 😊. Also, we have an attorney in Texas and can assist you with your legal. Email me at [e-mail] if you would like to set up a short call. Warmest wishes, -john