How Much Will It Cost to Launch Your Product?

[@Dapper_Dean]

Even though that was more of an expensive route to take, for new inventors. That was one of the most detailed assessment, from one of your students Stephen. Thanks!

[@inventRight]

Thank you so much for watching and commenting!

[@MichaelFreitag-d2f]

@@inventRight I didn't know you were a student. Because you didn't go the licensing way ? I would rather but you didn't ?

[@inventRight]

@@MichaelFreitag-d2f many of our students and members don’t license their products. We have experience in both venturing and licensing to help people commercialize their product ideas.

[@dorothyedwards7225]

Oh Wow, searching through 30 factories!! You went through a lot in the beginning!! Wow!! This was fully valuable. Thank You both!!

[@inventRight]

Thank you so much!

[@AlexUdaundo-su4zi]

Well thanks happy December

[@inventRight]

@ thank you so much!

[@freespacejunkremoval]

Super Way Thank You for the step up in quality of content Steve, crew & show guest..

[@inventRight]

Thank you so much for your comments. They mean a great deal to me.

[@nawalelabbassi7509]

love this new serie, !!!!!!!!!!!!!!!! thank you!!!!!!

[@inventRight]

@@nawalelabbassi7509 thank you so much! We’re going keep doing these! Thank you so much for watching and commenting. Please subscribe if you haven’t already.

[@SpenceSpencer-u7f]

Solid video.. thank you for posting

[@inventRight]

@@SpenceSpencer-u7f thank you so much for your comments. Please subscribe if you haven’t already!

[@jonathanmitchell1776]

Cool guy, great success story!

[@inventRight]

Ryford is absolutely! Great guy, extremely knowledgeable.

[@mattblackwell4100]

Top video, very inspiring and comforting to know that the time and money I have spent on my own project to date seems to be on track. Thanks guys

[@inventRight]

@@mattblackwell4100 thank you so much for watching. Please subscribe if you haven’t already.

[@jerrysanders9101]

Excellent interview Stephen thanks 🙏

[@inventRight]

@@jerrysanders9101 thank you Jerry! Please subscribe if you haven’t already!

[@marioalberti6368]

Grandioso . Big inspiración for me . I learned a lot today again thank you guys…

[@inventRight]

Thank you so much for watching and commenting.

[@inventRight]

Please subscribe if you haven’t already!

[@2020Bookworm]

1st expense filing a provisional patent.-$100. 2nd Expense a trademark-$1,000..3rd expense create a prototype from professional art work ( a graphic designer) 4th expense $1,200 for a prototype made overseas. 5th expense $12,000 for 1,000 units.. Hiring models-$1,000. Total Less than $20,000.

[@inventRight]

@@2020Bookworm please remember that was about 15 years ago. And every project is going to be a little bit different. Thank you so much for watching and commenting. Please subscribe if you haven’t already.

[@delpemdog3544]

I remember being called on in school to stand up and read out loud I would be terrified, I might one day come up with a great product! I'll never be able to pitch it.

[@inventRight]

@@delpemdog3544 your product should speak for itself.

[@inventRight]

@@delpemdog3544 I know how it feels.

[@alexandrevaliquette3883]

Hi Stephen, quick question here: Do you have the statistic on Gateway? How many peoples got a positive ROI? It's probably under 5% just due to the risky nature of invention world. I know IR team is a very honest and safe way to mitigate the financial risk of starting business from his idea. You just can't lose 100k with IR, like you can with a mold for example.

[@inventRight]

@@alexandrevaliquette3883 good question. Like anything else,just take work and a good idea. There’s never any guarantees.

[@robertkomoroski4823]

It would be nice to see his products in a little more depth.

[@inventRight]

@@robertkomoroski4823 here is a link to his company. selfcutsystem.com/ His main product is a trimmer.( No Patent)He also has a three-way mirror and other products to keep you looking your best.

[@MichaelFreitag-d2f]

Many more depths. 1,000 first line (not entirely happy with) products for $12,000 ? for negotiated down to 1,000 units. Selling them even not happy with their quality. What happened between prototype and "acceptable" manufactured product. Budget of $20,000 to $40,000? This is warble. Absolutely need to talk to all of the guests but need more intricate info.

[@inventRight]

Thanks for watching!

[@MichaelBean-ji5pv]

I have a simple idea in which i think would be useful how do i even start the process and what tyoe of capital roughly

[@inventRight]

@@MichaelBean-ji5pv keep watching the videos. Please subscribe if you haven’t already. I will keep on bringing guests on to help everyone.

[@arcanisomnipotent5794]

I loved the video, however I am worry about he explains that he had more cash flow without the big brands and now with big brands everything is floating. How that makes sense? It seems to me he has more stress now than before and some point is there an exit for him, I wonder?

[@inventRight]

@@arcanisomnipotent5794 that is exactly true. Going big isn’t necessary better!

[@arcanisomnipotent5794]

Did he say 800K as a nurse?

[@inventRight]

@@arcanisomnipotent5794 no