How to License Your Product Ideas Without a Patent

[@inventRight]

Stephen's book "Sell Your Ideas Without a Patent" will save you thousands of dollars: www.amazon.com/Sell-Your-Ideas-Without-Patent/dp/1507885733/

[@inventRight]

@Milton Lemons Stephen's award-winning book "One Simple Idea" has been translated into 6 other languages and has more than 500 5-star reviews on Amazon. Incredible! You can purchase it here: www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676

[@chi-net0027]

actually i have too much ideas that so simple but it can earn a lot of money... example... honey dropper.. dropper plus honey inside for babies this is brilliant idea

[@official_pierre6730]

@@chi-net0027 good idea

[@MattWhatsGoinOn]

@Milton Lemons Like how?

[@commentlyspeakingtruthwhis7220]

@@chi-net0027 I love the way your brain woks but remember children under 2 shouldn't eat honey I believe. Stay Ceative and encouaged!

[@michael.schuler]

Very good video (with intelligent clickbait title.) Pragmatic 3-tiered "win/win" royalty strategy: File provisional patent. While status is patent pending ask 5%, if utility patent is granted 7%, if patent not allowed 1%. Propose that agreement includes improvements. Use additional follow-up provisional patents to maintain pending status. Flexible reasonable approach.

[@inventRight]

Thanks for commenting!

[@CampingWithCats]

Seriously. TY4 the info.

[@xxceesxx1]

I've had an idea for quite some time now and have always been afraid or too shy to even begin the process or tell friends about it. After watching your videos I am much more informed and confident in beginning the journey. Thank you both.

[@inventRight]

Hello Cesar! We are so happy to see this! Thank you for watching!

[@mariateresaacosta7786]

Remember, God gave you a spirit of power.

[@franklin9613]

This was exactly what I was looking for. This video gives me a lot of hope.

[@inventRight]

Thank you for watching! That's great to hear. We have many, many more resources about how to license an idea without a patent if you are interested. The most comprehensive is "One Simple Idea," Stephen's bestselling book about the 10 steps you need to take to license an idea. It's available in libraries in the United States and on Amazon: www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676. He's also published many videos and articles about this topic. Please let us know how we can help.

[@justplay6315]

@@inventRight need the same done for my residing country India as well, would really appreciate if this can be done!

[@L.DOrado333]

Hi Franklin, how did it go with your patent or idea?

[@niall8632]

My favourite thing about Andrew and stephen is when stephen says something that doesn't sound right to the average listener, Andrew will counter question him so he has to break down what he's saying. If its possible, could you guys do a video on what to do if you get stuck designing a product. Bought your book other day and its a huge thumbs up from me, thanks a lot guys.

[@inventRight]

This comment was awesome to read, thank you for your support. Yes absolutely, that's a good idea for a video. How are you stuck?

[@niall8632]

I have a found a great market for a great product. It looks the part, and would work great. My only struggle is, how its going to be manufactured. I've watched how the product is manufactured a 100 times, but find it difficult to add my design in to that process if that makes sense. The process would need adjusting and i think it is possible, but stuck on creating that process. Hope that isn't to confussing. And thank you for your reply.

[@TrulyCreateIt]

Write a Provisional and word things as best you can. Make sketches as best you can. If you have a friend or someone close to you, STILL have them sign a Confidentiality Agreement with a general general description of your creation. File your provisional (read the book, "One Simple Idea" for tips on this), then CONTACT companies in that market who will sign the Confidentiality before you discuss your product for the company to license. Get your Provisional Patent, make your Sell Sheet, include the Prov. Patent # on it, have a meeting with the company you are pitching to. Get everything in writing and make a great deal. The book here lists much info. Read it first.

[@sandeeprayapati]

Hi, let's say that I have a provisional and I sat with a company to license my invention. What if the company says it's not interested in my idea and proceeds to make a similar product based on my invention? What is my defense then?

[@mr.perfect7013]

I have the same question

[@gonzooznog8986]

Let them do it, it shows you have a great thing. Create Constructive Reduction to practice, and pictures of process and prototyping. In addition to Actual . reduction to practice. Buy the Book Patent it Yoursef by Patent Attorney David Pressman intend to sell it even if it is small batches. Use it yourself and your associates.

[@commentlyspeakingtruthwhis7220]

That's a very good question. I submittes to 2 of the as seen on tv reps interviewed by inventrighttv and have not heard anything - yes or no, and it's working on the 2nd week....I've been robbed before but perhaps it's a little too soon...any comments?

[@user-qg1du4nj5u]

you have the provisional application filing date before them, any disclosure in that application is prior art for them, if you dont give up on that provisional

[@jasongrinds3686]

@@SuzieJackson that's not always the case tho let's be honest the world's not genuine 😂

[@inventRight]

How To Avoid Having A Worthless Patent: www.forbes.com/sites/stephenkey/2018/10/11/how-to-avoid-having-a-worthless-patent/#55a3471d136f

[@dukefleed8369]

Very good article, but how can i license to a company that is already in the business ? Is this safe for someone without a patent ?

[@roadkillreborn3047]

Literally 2 people running their mouth about a subject they are educated/experienced in, on the subject I searched up. Thanks inventRighttv and KZbin for this easy education.

[@MaxNoble440]

Steven I just love your enthusiasm for this topic, I watch your video when I'm feeling frustrated and lost. Coach of the year!

[@stephenkey3137]

Thank you!

[@inventorj]

Learning about the PPA from you guys seriously changed the game for me! Such an easy 'step' in the licensing process and it allows you to get in conversations with companies so much faster and start getting product feedback. I actually have been using SmartIP through your site and it's been great so far. Thank you for all the great info and saving me thousands on an IP attorney!

[@inventRight]

Congratulations on getting in the game! That's big. Thank you for leaving a review of SmartIP.

[@inventRight]

Thank you for commenting! -Stephen

[@inventRight]

Before You Begin The Patenting Process, Read This: www.forbes.com/sites/stephenkey/2018/07/31/before-you-begin-the-patenting-process-read-this/#4bc6647452f6

[@douglasberry8948]

I have a Harmonica Players Dream holder its the only one in the world.and it was invented 60 years ago by me when i was 13 years old in 1959

[@AlternativeDesign100]

I have to say, with so many videos out there one is always inclined to assume there is a lot of babble and not much real content. This however, when one listens to it all, really does make sense, it's rich in content and has confirmed thoughts I have had and more importantly warned me of critical aspects. If one is looking to patent something, this really is good free advice. Most grateful. In my case especially since I have in fact both scenarios, one small domestic device with a functional prototype already working, (the provisional will do me to get that to market asap) and a second much bigger thing where I need to go to industry along with a heavyweight business angel as I suspect it could be a feature that won't go away for a very long time in one of the biggest industries around. Very good. Many thanks for this most informative video!

[@AlternativeDesign100]

I've just ordered the book...

[@inventRight]

Thank you for your support! Let us know what you think of it.

[@inventRight]

You're welcome. Thank you for the kind words, they are appreciated.

[@gonzooznog8986]

Do not Stop?

[@jutility9358]

Thanks for posting these, such great info. If you get a chance, could you please give some examples to further illustrate the "big idea vs. small idea" point that you were making? I appreciate all your help.

[@inventRight]

If you want to learn more about how to protect your inventions, please check out this new channel. kzbin.info/www/bejne/pZCclqJmmbuaY5Isi=PhGeR8YLv-m-kOz7

[@AndyGrahamProductions]

This is the most exciting video of yours I’ve seen so far. THANK YOU! It makes me angry how so many people overcomplicate this subject. You guys simplify it! Us inventor-types NEED the approach that you offer. Just bought the book. Excited to absorb it all.

[@inventRight]

Glad it was helpful!

[@WannabeGardenEden]

Hi Stephen, I have your book. I just applied for a provisional patent. Upto said they will issue a number in 8 weeks. I have an excellent idea which is a really big WINNER, for years to come. God willing.

[@inventRight]

Fantastic congratulations! -Stephen

[@danielsloberg8726]

Stephen Key is really the key to so many things.

[@inventRight]

Thank you! -Stephen

[@UFOsAreCool]

Watching your videos gives me the chills we as humans have so much potential

[@inventRight]

That's beautiful!

[@kylie6701]

Weirdo!

[@freshoxygen2176]

OH WOW LOL. “Does everybody understand that” Interveiwer responds in a monotone voice. “Yeah I get that. Yeah that’s great advice.” Like who cares. What he said there was SO IMPORTANT if you break down the math and mechanics of what he said!! I can not emphasize that might of been the best nugget in whole bunch of treasure he spoke! Go back and rewatch and rewind and grab a pen and paper and figure out what he is saying and why. You’ll be glad you did

[@inventRight]

How to write a provisional patent application that has value in the marketplace: www.forbes.com/sites/stephenkey/2018/03/31/how-to-write-a-provisional-patent-application-that-has-value/#918211552700

[@robertblackshear8963]

The fact that it's a hassle to invent something or design a variation of something and market it proves to me leadership needs to be altered.

[@inventRight]

What do you mean by leader ship?

[@CRAWLTV]

I've read the book twice - Love keeping up with the videos to stay sharp. These are great - thanks!

[@inventRight]

Thank you for your support!

[@Cherjuan1]

inventRightTV whats the name of the book?

[@jeanalexandre1105]

I brought your book. A lot of what you say in the book sound good, but does not work in real life. I spoke to a lawyer they told me you cannot sell a provisional patent. All a provisional patent is a placeholder. The only time a company will buy is if you have a Utility Patent,

[@inventRight]

That's 100% false. Our students sign licensing deals all the time with just a PPA. On the other hand, it makes sense that a lawyer would tell you that you need their help right? Follow us on social media to read about a new success story every week.

[@andre1dre]

This is the first video of yours I've watched. Thank you so much for the great info. I've made the first prototype of my product yesterday and l am now in search of my next step.

[@stephenkey3137]

I highly recommend picking up "One Simple Idea" it has all the steps you need.

[@andre1dre]

@@stephenkey3137 Yes, I've purchased your book after watching another one of your videos. I'm currently reading it again for the second time. I hope to have enough research done by January to start calling companies.

[@gonzooznog8986]

But the book Patent it yourself by David pressman Nolo press.

[@sl4983]

@@andre1dre I bought it and am reading it also. Lot of information. This is all completely new and intimidating to me.

[@ImpactedWizDom]

andre1dre Hello Andre. Just saw your post here from a year ago and I’m wondering how things are going with you trying to get your product marketed?

[@msblessedIAM]

Very interesting. Thanks for educating on provisional patent. Very helpful. I'm glad I came here first.

[@Sleon117]

SO, lets say i make a PPA and start selling my product but two years of making money someone says that YOU stole their idea that has been previously PPAed ... what then?

[@sandiegochocolatefountains]

I think I'm going to need to watch this one twice:)

[@crayfish9945]

For Patents, you can Fill out a Patent Application , and once the U.S. patent office gets it , you or a manufacturer can release the product with a " Patent Pending " on it ! And in this way " you " can accrue enough money to pay the [ is it still $ 60,000 dollars U.S. ] patent fees ! But if the patent office comes back and says, No someone already owns that, well then you stop ! Caution Do a Patent Search 1st. Then you dont run into trouble ! And it would be a good idea to get advice from a Patent attorney or at Least go to a Law Library and have the librarian direct you to the books you need !

[@kevinburtnick7818]

Thank you gentlemen. 2 thumbs up !!!! Excellent!!

[@inventRight]

Thanks for watching! If you're new to our channel, you may enjoy checking out Stephen's book "One Simple Idea," which is in many libraries in the U.S. as well as on Amazon: www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676

[@thomaslawhead6115]

That may have been the most important 15 minutes of my life.......I will follow up with you in about a year.....Keep the channel open.....:)

[@smilemoney8661]

So hows it going????been 1 year

[@rrf899]

Not going very well lol. They punched him in the face and took his idea cause that's what large companies do to people.

[@steventeter3332]

This latest video that I have watched of yours blew the doors wide open on an idea that I have that is very time-sensitive

[@nameerlatef2079]

Hi Stephen and thank you very much for trying to help, I have seen many of your videos and have a lot of positive energy, but unless I can find out how to register my innovation, you do not talk a lot about practical details, for example if you talk in detail and not comprehensively about how we record our innovations.

[@vssylvain]

Thank you for this information. How do you access the companies to pitch your ideas

[@william.darrigo]

Great video! Thanks for the information.

[@manuelcornejo7405]

In EPLaw "improvements" have to have unity of invention with the first patent if they want to keep first application date. The come under the form of "Addition Certificate". If they don't have unity of inventions them they are a new later application

[@gyaneshpokhrel5261]

I am ready to read them out and let's see if that helps me go safer and confident. Thanks.

[@inventRight]

Happy reading!

[@gyaneshpokhrel5261]

inventRightTV Thanks! I may not able to tell you in such impressive way that what i’m trying to say but the idea i’ve conceived is revolutionize In IT and its not so completed, don’t know why no companies have ever think about it. I don’t wanna be over excited

[@GoodTasteArt]

What happens if you do research to see if a patent exists on an idea, don't find anything, then file a provisional patent, get the idea licensed, then have someone with a patent or patent-pending claims you are using their idea?

[@inventRight]

It is extremely costly to pursue patent infringement claims. So, unless the product in question was making the inventor/company a lot of money, this is a unrealistic scenario. This is one reason why we recommend starting your market research by searching through Google images (to see if there are similar products on the market), not just a prior art search.

[@dason724]

Thank you for this, I know now what I must do.

[@johnkoval1898]

Even with Patent Pending a large corporation will take your idea and dare you to sue them. They have vastly more legal resources than you. Once you Issue the provisional patent the idea is public. This video is a plug for his book.

[@inventRight]

@@johnkoval1898 I’m afraid you’re letting fear take over. Thank you for commenting.

[@rooteddwellings]

So I’m just a plant and soil scientist that owns a landscape design and horticulture services company that decided to just make cool shit to provide myself with a niche horticulture market and ended up just making and Inventing things to sell clients when they preordered. Well they are doing very well but haven’t marketed it due to someone stealing my ideas and products. They are complex for the purpose but only because I’m a plant scientist did I know how to make a great horticulture product. Now what I’m thinking... is I don’t want to wait for a patent!!! BUT the company I live down the street of is one of the largest producers of a type of horticulture products and they so happen to supply my manufacturing needs... I have to have there help. How do I make a deal with them so they don’t steal my ideas... Cause once you know all the materials I use someone can reproduce it besides the part my friend made software for but even that you can find online by itself.... I’m going to try and patent it cause I have investors who already want to pay for legality of the patent process. That’s the hardest part but my problem is time it takes for complex patents and my urge to produce a few hundred units that’s . So should I still go to them to help manufacture my products In the short term??? Their manufacturing input is only a type of material that is crucial for just the material I’ll have custom made, but not crucial for the complexity of the system although they are a huge company in the horticulture world they innovate and manufacture a lot of products in the same customer base as myself.... Another reason it’s intimidating to patent due to the mechanical complexity of my product. My other product is less mechanically complex but much more complex in functionality and its ability to perform needs of clients but simple in the grand scheme of things. The reason I need to get patented is the complexity of said product that would sell no problem cause everyone is chomping at the bits to get them includes my friends, family and local businesses/residential clients. So I had someone tell me I should start patenting my creations and sell them... I’m not that type of guy tho...My job and life resembles that of a artist’s life not a engineer or crazy capitalist. Pretty content with just running my lil company in the super awesome field of horticulture services and landscape design. I also have some clients that think My ideas and contraptions are brilliant and have too much money\time. I think people believe I’m just a entrepreneur/opportunist that started a landscaping company after high school but no one believes I have 8 years of plant sciences classes of knowledge and insane passion for Plants and ecology knowledge. I see nature as art and like painters my canvas is the environment I’m given and my paint is the ability to know what plants need and colors they will produce during every season and the shape...That’s how you manipulate and control the environment and instead of a paint brush I use rocks and trimming to highlight and bring focus to the most beautiful parts of the scenery. In a way you forget it’s a garden and instead just admire the way everything blends and how it feels... Now that’s art! So yeah... I like to manipulate nature to create art of living things and I have ideas\product that you can’t find readily or at all. These are just tools to help people like me to create art from nature Did all this because I have made things DIY to fix my niche work but would be great for home owners and professionals. One is a simple but awesome plant water can and one is a system that is sold for assembly and is modular so you can add to it and horticulturist and interior designers would be chomping at the bit for this system. Both are very complex I even have a friend designing software only thing is I still have to find a few materials like pumps, filters, and chemicals that I have to link up with horticulture manufacturers that I don’t want my ideas and design but they are crucial for making my products a reality. Got stoned and kicked in mid comment writing lol

[@inventRight]

Thank you. You should call us! We can help. -Stephen

[@thatgirlwithpcos]

Question! I want to put mine on KICKSTART to see if I can get investors or funding started.... all I need right now is licensing right? I know you're not lawyers but ADVICE on your personal experience or knowledge is greatly appreciated!

[@MegaTibz]

Hey guys this is really gud and a major relief to me, i'll go ahead with my plans and if it works out right, after following ur advice i'll personally come shake ur hands as i give you my testimony and of course thank you.God willing.

[@inventRight]

Best wishes!

[@joshquillen6971]

Thank you

[@vivian_t.heartist1168]

Hey guys, I loved this. Thanks keep up the good work

[@inventRight]

Thank you! Will do!

[@gladiatormechs5574]

if you make a u tube video showing and explaining your idea, Doesnt that prove that you are the original creator of that invention.. because it has an upload date .ALSO what if you started selling it on an ETSY online store... would that protect the original creator ?

[@inventRight]

No, that wouldn’t protect anyone. Today it’s very hard to protect an idea, but you should file intellectual property first before you do any disclosure. -Stephen

[@inventRight]

Stephen is now contributing to Forbes about intellectual property strategy. Read his first article, "In Today's Market, Do Patents Even Matter?" www.forbes.com/sites/stephenkey/2017/11/13/in-todays-market-do-patents-even-matter/#564989a356f3

[@aspers6461]

Excellent video. What happens after a Provisional Patent expires after 1 year? Can it be re-submitted or extended?

[@inventRight]

+Landzip One You can file a new PPA, yes. You'll just lose your early filing date (in other words, the date you first filed).

[@InventionTherapy]

What are the advantages to a patent over just going straight to building and marketing your product?

[@inventRight]

It doesn't have to be an either/or. In our eyes being first to market is one of the best ways of protecting yourself. Using intellectual property to support your go-to-market strategy is the answer.

[@jorgeruiz288]

so when the 1 year provisional patent expires, you can keep renewing that same provisional patent as many times needed?

[@inventRight]

We have written articles on this - we cannot share them here due to KZbin rules. Please Google for them!

[@jorgeruiz288]

@@inventRight ...thanks

[@generalschakal]

I just found this channel and I love you videos guys! I’m from Germany living in Spain, is the content for US citizens only?

[@dumbcat]

you don't need a patent to license your idea. but what happens when the provisional patent runs out after 1 year?

[@inventRight]

That's a good question. You have several options. Please check out Stephen's article "What to Do When Your Provisional Patent Application is About to Expire": www.inc.com/stephen-key/what-to-do-when-your-provisional-patent-application-is-about-to-expire.html

[@Davidagarcia911]

I love watching these!

[@alrkai]

You sold me lol buying your book soon as I get home from work!!!! Had this idea for a week or so. I believe it’s a big idea!! I wasn’t even really interested in making products but this idea in my head just can’t be ignored so I’m going for it. Your videos definitely have been very helpful. Can’t wait to read your book!!!!! FYI using my sons channel to type this lol

[@alrkai]

and just bought it!!!

[@stephenkey3137]

@@alrkai Thank you.

[@joenavarro9317]

Hows it going

[@fencefirst2722]

Update?

[@manuelcornejo7405]

In European patent law, there isn't PROVISIONAL patent applications. Claims are written in stone from the application date. Later you can delete some of them but you can't add anything

[@megansmith5371]

patenting provitional us about $125 dollars, but the total and formal patent thing is around $15K. But you know what, if you really invent a great thing nobody ca take i away from you, because all of us know that money makes the difference. A huge company will pattented and steal your idea and even worse you wont be able to sell at all. is better to do a provitional patent is cheap and then follow up and pay maintenance fees. If your idea is not worth it much dont waste the timem but any ways before license go for a provitional patenting and negotiate good royalties

[@gonzooznog8986]

Companies don 't get patents Only individual persons, a human person i nvents. Companies donot get patents people do.

[@Meton2526]

@@gonzooznog8986 That's just outright not true.

[@veesoho93]

Amazing video again thank you guys

[@hectorfabio4149]

Hello Stephen AND Andrew, great topic thank you the video. Can you specify for me which book Stephen is referring to at the end there. Thanks.

[@inventRight]

Hello Hector! Thank you for watching! This is the book we are talking about: www.amazon.com/Sell-Your-Ideas-Without-Patent/dp/1507885733/ref=asap_bc?ie=UTF8

[@WordupknowJesus7]

Finally, finally got signed up and working on my provisional now. Very excited :)

[@inventRight]

Epic! Congrats on taking action! Glad to hear it. Do you mean SmartIP or our coaching program?

[@WordupknowJesus7]

@@inventRight I am in the 6 month Program and using Smart IP . Have your book One Simple Idea and Sell Your Ideas with or without a Patent. I am Beth W. I am waiting to be approved on the facebook group. Will be at the class tonight.

[@Elsanta666]

Lets say you get a company to buy your idea, what you do after 12month? Can you renew PPA, How you keep "ownership "?

[@inventRight]

Good questions. This article explains what your options are when your provisional patent application is about to expire: www.inc.com/stephen-key/what-to-do-when-your-provisional-patent-application-is-about-to-expire.html

[@ethandenton3393]

Great video! The format is a little strange though, Are they business partners? When they correct the one guy corrects the other, it's a little awkward.

[@TheDotransporter]

They both run their institute. I like their format, they make it attractive and they are selling you their product.

[@Zamn-NW]

How would you protect yourself from the company that you pitched your idea to if they decide not to go along?

[@inventRight]

Always make sure the company you’re pitching your ideas to work with us in inventors and have a great track record.

[@CampingWithCats]

😂

[@dadscandoittv]

Hi. I have invented a new product that attaches to an existing product. I have never seen it and many have told me to patent it. Ten plus years later I'm still here. And still have not seen anything like it out there. Not on Google or anywhere. So what do I need to do?

[@inventRight]

Maybe we can help. Get in touch to find out how: www.inventright.com/contact

[@protasiocanalita6436]

Sirs, with way rhings are going right now, all the firewalls or whatever has been compromised. It is best to hsng out and wait for it and let it blow. We dont want to step on powerful peoples toes. Respect is the key to co-existence. I hope, wish and pray that in the future, it can happen d2to peoples whatever.

[@inventRight]

Thanks for watching!

[@leo2tv]

If you don't have the patent the company that is examinating your idea could say: thank you for the idea and then they could copy your product and you would finish with zero coins in your pocket.

[@tryroger]

So what about the PPA After a year?

[@inventRight]

That’s a very good question. Do you have one year to determine what to do next? Is there interest?

[@michael.schuler]

When licensing while provisional is still pending, is it possible to structure license agreement to transfer costs and responsibility of filing related utlity patents to the licensee? If so, what impact might that have on the 1%, 5%, 7% typical royalty schedule you suggest?

[@inventRight]

This is a great question.Negotiating where your licensee pays for the intellectual property is a strategy we use all the time. But I would never transfer responsibility. You have to control this yourself.

[@michael.schuler]

@inventRightTV Thank you. Transferring costs while retaining responsibility/control makes good sense, insofar as there is an inherent conflict of interests.

[@marier1525]

I went to invent help. Paid over $2000.00 every time I went back they wanted more $. I had a book made of my idea and they guaranteed that my idea would sale to companies that would want to buy the idea and make it. However after spending all I had basically I never got a patent and later a few years later found one of the products that I came up with in a store. By invent help. I gave up not knowing what to do.

[@inventRight]

We can help you learn what to do. Our cofounder Stephen Key has published hundreds of articles and videos for free about how to license an idea. He's also written a bestselling book that you can find at many libraries:amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676 It's a great place to start educating yourself. Don't give up!

[@mariagrassino7980]

Is there any equivalent to a Provisional Patent in Europe?

[@MonteNegroMCMLXXXV]

Hi gents, what are your thoughts on submitting to more than one company at a time? So far, I have only been submitting to one company and was awaiting their response until approaching the next. Can you advise on the pros and cons to this practice? Also, do you think there is a difference on its impact among granted, provisional, or no patents at all? Thank you for your time.

[@inventRight]

Great question! You should absolutely submit to multiple companies at once. You can't afford to wait! One exception is the "As Seen on TV" industry, which has only a few players, and moves much more quickly than others. Pitch one As Seen on TV company at a time. Look at submitting to potential licensees as an opportunity to get feedback. You need feedback so you can move forward with confidence. If a company isn't interested, try to find out why, so you can incorporate that feedback into your design, or your approach, or whom you are targeting. Thanks for watching.

[@MonteNegroMCMLXXXV]

Great, thank you for the response. I will change my approach as I am waiting for 8 ideas to come through and its driving me nuts!

[@RoohApps]

Thanks for the video's guys, very helpful. I have been trying to find a tutorial on how to write a PPA. Have you guys made a video on it yet as I cannot find it.

[@inventRight]

Stephen published an entire book about how to write a provisional patent application that is actually worth something: www.amazon.com/Sell-Your-Ideas-Without-Patent/dp/1507885733. It's a deep dive!

[@RoohApps]

Thanks David

[@ronaldjosafat324]

Where can i print/DL the provisional patent form and how do i pay it. Thanks

[@theheatbox13]

thanks guys i now own all my RIGHTS to my music all my masters n publishing's

[@wrightdieselservicesllc5831]

I have a great invention for the medical / and mechanical fields where can I get a patent pending also what type of companies will do I look for.

[@betweenearthandsky4091]

4:34 strategy starts

[@NaftuliSinger]

Technology ideas welcome as well?

[@inventRight]

Yes you can work on tech ideas. Of course. - 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/ )

[@georgepriestley5301]

i have 2 ideas one is an improvement and simple to use and the other is used for same kind of work and attaches to same place as the other but theirs nothing out their like it and i made them for my own shop use and thought i should try to put these on the market and see how it goes but the cost and fees kinda smacked me down a little bit do this was helpful to know to keep the vultures out of my pocket 👍

[@meditatingmonkmcoc]

Hi Stephen Key, can you file a provisional patent in the USA from a different country? Thank you.

[@inventRight]

Definitely.

[@thejazzyshowjazz9857]

Can you get provisional patent application in uk pls? Thank you

[@inventRight]

Our cohost Andrew is going live today at 4pm Pacific to answer your inventing and licensing questions - that's a great time to get your question answered! Save the link to join the live: kzbin.info/www/bejne/Y3jYh31rprmia9k He goes live every Monday at 4pm Pacific.

[@jment34]

Is it possible for a non US citizen get a ppa ? I didn't really understand what Stephen explains about the royalty rate. Does he mean the royalty one should ask for? It sounded like this 7% if the product has a patent and 5% if it is patent pending but he also mentions 1%.

[@inventRight]

Hello! Thank you for watching! To answer your question, anyone in the world can file for a PPA. As for the second question, there is no such thing as a set royalty rate, because every industry and every agreement is different. If you want to read more about what an idea is worth and how to calculate an approximate royalty rate, feel free to check out our Inc. article on the subject: www.inc.com/stephen-key/what-s-your-invention-worth.html.

[@gonzooznog8986]

1% if doesnot get patent.

[@steventeter3332]

Will this process work for international patents also just to get started

[@jackfrosst1257]

About how long does it take for a ppa application to go through the verification process of their offices also how long will it be pending for before the ppa becomes set in stone

[@inventRight]

The USPTO does not read provisional patent applications. You have 12 months to decide if you are going to file a non-provisional patent application. Learn more: www.inc.com/stephen-key/what-to-do-when-your-provisional-patent-application-is-about-to-expire.html

[@InventionTherapy]

Are patents expensive?

[@domingo2977]

$5000

[@alexharris9904]

+Invention Therapy ... if you qualify for (micro entity status) most people do. if you make less than I believe $161,500 a year than you qualify. The patent fees are this: Provisional Application($65) (This allows you to say "patent pending" on your invention. the benefits of this are (getting a filing date with the USPTO) (Patent Pending). Make sure you file for either a Utility or a Design patent 12 months from the filing date of your Provisional Patent Application. Utility Patent Cost from the time you submit application to the time you receive said patent: $640( $70 filing fee) ($150 Search fee) ($180 Examination fee) ($240 issue fee). Design Patent cost from the time you submit to the time you receive: ($330) ($45 filing fee) ($30 search fee) ($115 Examination fee) ($140 issue fee)

[@nobodyimportant3627]

@@alexharris9904 so the cost is not $65. Its closer to a grand. Dont call something $65 when there are other fees attached

[@emanuelgonzalez6406]

What to do when several ideas with potential marketing ? E.G....There's chevy, Ford, Nissan, honda,Toyota's Etc, Etc...Then you come up with the BMW or Mercedes Benz concept.. What is next ? Best approach ?

[@jessesantana2967]

Do you have a video on what to do if you have a industry changing idea?

[@inventRight]

Yes. We have videos on what to do when you have a BIG idea!

[@spacegyaan2171]

Hey I have buch of questions- Can we license our idea without making its prototype.? And by just after patenting our idea ,can we license it? And what is the process of licensing a patent? Is it cost? If it costs then how much? Well I have filed a patent but now I don't know that what can I do with that...

[@inventRight]

Great questions. Yes, you can license an idea without a professional prototype. It is also possible to license a patent. Get in touch with us: www.inventright.com/contact

[@kathyrepak8333]

Thank you again. I had an OHHHH moment listening to you again Stephen.

[@MattWhatsGoinOn]

With respect to your comments between 11:24 and 11:36 of your video, and if, I have read, you cannot extend or renew, per se, a PPA, how does one keep the patent pending status ongoing without gaps? Would there have to be major changes or modifications made to the product? Thank you.

[@inventRight]

For a detailed explanation of your options when your provisional patent application is about to expire, read this article: www.inc.com/stephen-key/what-to-do-when-your-provisional-patent-application-is-about-to-expire.html

[@NewEraPolitics1]

what if i dont want to sell my idea?? I want to create a business. how will i go about it??

[@ABHIMANYUSINGH-01]

Thank you very much for this video.I m from India

[@healthmann]

Does the book apply to Canadians too? It’s a shame that the cost of a patent is so high, this seems like a great option for those trying to put their ideas out there. Would you have any other reading recommendations, something that could benefit them further in this venture? Thank you for sharing👍

[@healthmann]

I just noticed you have more than one book published.

[@inventRight]

Inventors have licensed their ideas by following the advice in "One Simple Idea": www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676 This book will help you write a provisional patent application that has value and understand how to negotiate a great licensing agreement: www.amazon.com/Sell-Your-Ideas-Without-Patent/dp/1507885733/ His third book is about venturing an idea: www.amazon.com/One-Simple-Idea-Startups-Entrepreneurs/dp/0071800441/ Thanks for inquiring!

[@dawnbridges7421]

Hi . First I would like to say thank you so much for your knowledge on the videos you put ou t there for us all. So I understand the provisional patent application is fairly inexpensive But what if you're filing a design patent with drawings with that same application on a simple small idea How expensive does it get? I am for sure ordering your book tonight!

[@gonzooznog8986]

Cheaper & les stringent.

[@AlternativeDesign100]

1:58 & 2:06 I picked up my iphone and saw no new messages! :D

[@inventRight]

lol!

[@cybersechs1368]

Great video Stephen!! Fantastic!!

[@inventRight]

Many thanks! -Stephen

[@ToniDandFamily]

Hello... how can I get in touch with Stephen!!!!!!! IMPORTANT😊

[@inventRight]

Sure [e-mail]

[@mandoandando8966]

What if I don't want to sell my idea to a company, but crowdfund to generate capital for my idea?

[@UncommonEyes]

It’s 2023, does this information need to be updated?

[@inventRight]

Regarding this information, things are about the same. Companies need ideas. And you don’t need a patent, but you do need a well written, provisional patent application. Always include manufacturing techniques and any work around and variations to your PPA.Thank you for asking this question. -Stephen

[@brookf9316]

What are the “big ideas” vs “small ideas”??

[@johnnykrantz5369]

Hey guys, I’ve got an idea for a new bbq grill that I haven’t seen anything like it on the market. I’ve built a model & will be soon building a prototype. I’d like to talk with & meet with you guys about my next steps. I’m not interested in manufacturing it, my interest would be pitch its concept to some major grill companies to see who would give me the best business offer to own this new idea. Looking forward to working with you guys & putting together a plan that protects me & my new idea. Thanks in advance!

[@luigiguarda4373]

Thank you guys so much for this information. ..mind blowing. ..truly awesome. ...I did thumbs up and did subscribe. ..again tyvm sincerely Luigi