Learn to license to multiple companies and avoid costly mistakes!

Learn the steps you need to license product ideas. Make sure to avoid these costly mistakes. Watch our Q&A Live on LinkedIn every Thursday.
Topics covered in this video:
Licensing your products to multiple companies.
Quitting too soon.
New Innovate This expert advice on inventRight site.
How to use You Tube to license your product
Tracking who's looked at your invention
Learn how to make money from your ideas.
Free Resources to help you sell your ideas: inventright.com/free-inventor...
Do you need help? inventright.com/services/
Stephen Key’s books: www.amazon.com/stores/Stephen...
Read our articles for Forbes, Inc., and Entrepreneur:
www.forbes.com/sites/stephenkey/
www.inc.com/author/stephen-key
www.entrepreneur.com/author/s...
Connect with us on LinkedIn:
/ stephenmkey
/ invent
Facebook: / inventrightllc
Visit inventRight.com.
Call: [phone]
Hi, this is Stephen Key and Andrew Krauss. We are here to help you make money from your ideas. We started our company inventRight over two decades ago to teach people how to license (aka rent) their ideas to companies in exchange for royalties.
This process is called “product licensing.”
On our channel, we show you exactly how you to take an idea and license it to companies in exchange for passive income.
Today, you do not have to start a business to make money from an idea.
With product licensing, you don’t have to write a business plan, raise money, manufacture, market, sell, or distribute any longer.
Visit our website inventRight.com for more information.
If you have a product idea and need some help, please contact us at:
Phone: [phone]
Toll Free: [phone]
Email: [e-mail]
Email us:
[e-mail]
[e-mail]
Learn how to start a business, how to become an entrepreneur, how to protect intellectual property, how to patent an invention, how to stop people from stealing your ideas, how to prototype an idea, how to contact companies looking for ideas, how to design a product, how to make a sell sheet, how to make a promo video, how to negotiate a licensing agreement, how to get a higher royalty rate, how to do market research, and how to work with inventRight.
Stephen Key and Andrew Krauss are the cofounders of inventRight, a coaching program for entrepreneurs that has helped people from more than 65 countries license their ideas for new products. They are also the cofounders of Inventors Groups of America, an organization that hosts a free, popular monthly educational meeting for inventors online. They have more than 20 years of experience guiding people to become successful entrepreneurs.
New videos every week, including interviews with successful entrepreneurs. Learn from the best! Pitch us your story to be featured on inventRightTV: [e-mail].
Get your own inventing coach by contacting inventRight at #1-800-701-7993 or by visiting www.inventright.com/contact.
inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.
Reference on this video to any specific commercial products, process, service, manufacturer, company, or trademark does not constitute its endorsement or recommendation by inventRight, LLC or its hosts. This video may contain links to external websites that are not provided or maintained by or in any way affiliated with inventRight, LLC. Please note that the inventRight LLC. does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

[@veesoho93]

Yesss bring on the rants ! Free honesty is always better than polite and held back ! Your honesty is always fresh air !

[@inventRight]

Thank you Vee!

[@d.g.murrell950]

Loving it... keep up the amazing work guys. I have hope again 🎉thank you

[@michelletan2704]

This is a great episode. Great topics are covered. I appreciate that you make the point and follow up with examples to better explain it.

[@inventRight]

Thank you so much for commenting!

[@zaviahopethomas-woundedsou9848]

I have had to learn the test thing for working with others too. Sadly I have only found a few people in life to team up with as far as work and then they decide they don't want to continue with that line of work. It's sad and frustrating. I have mostly tried to work with editors.

[@inventRight]

Find others that do!

[@spiderman5382]

It can be a tough situation, but discussing things in terms of the type of people you're dealing with and if you're on the same page (goal) really helps ❤

[@bs2-n]

My heartfelt Thanks to you stephAndrew! I wonder which company is best to license my product to, Crayola(American) or Copic(Japanies). I have an invention exactly related to their product line.

[@inventRight]

Thank you for watching!

[@veesoho93]

Yess ! Always great to seeyou guys! 🙌

[@inventRight]

Thank you!

[@williamgregg1821]

Andrew, its hard to believe, but a division of 3M is interested in seeing my product. It's a good product, and perfect for their line, but I don't have much potential patent coverage on it. The claims would be novel and unobvious, but still weak I think. I worry that PTAB would just overrule any claims granted. 3M is huge and companies like that are usually very tough to license to. Most of the time, submission agreementsare written heavily in their favor. What are your thoughts?

[@inventRight]

Historically, we have never seen 3M license a product from an inventor.

[@winec00ler]

I have a question about tradeshows. I have been working as a graphic designer /illustrator and light product designer for the baby bedding and decor industry for the last 13 years. I am not allowed to walk the trade shows in my industry for fear I will knock off competitors. How can I walk other tradeshow? You guys seem to encourage going. I am a invent right student - just signed up for the $29/month plan

[@inventRight]

Every industry is different. Sometimes companies you want to meet will help you get in. Sometimes they will give you a pass. Ask the people at the tradeshow what’s required.

[@tryroger]

Do you have to pay money to message companies through LinkedIn?

[@inventRight]

No. You first have to connect with companies. Once they connect with you then you can send them a message. And in some situations you have to pay to connect with them. Basically meaning you need a premium account.

[@sadmachineinc]

Never give up!

[@inventRight]

YES! and Keep Inventing! - 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/ )

[@daviddimise6486]

May I suggest putting the links to the products you’re promoting in the comment section. Thanks!

[@inventRight]

Thank you

[@marymccoy8789]

Have a patient pending need help license and marketing to truckers

[@inventRight]

Hi Mark, Feel free to give us a call at 650-793-1477 - 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/ )

[@richardcrum7443]

Ladies and Gentlemen here comes another very professional video from two of the BEST EVER HALLAFAMORS in my eyes my opinion you all will agree 100% after you sit relax and enjoy all this FREE INFORMATION.

[@inventRight]

Very kind of you. Thank you. - 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/ )

[@inventRight]

Thank you very much! Stephen

[@StephenNorsworthy-ur4kc]

Hello, I watch all your videos. How can I get in contact with you for some advice, maybe 5 minutes of your time

[@inventRight]

Call us.

[@inventRight]

[e-mail]

[@slotcrew]

How much your company cuts if you help with invention

[@inventRight]

We don’t share in the royalties.

[@idafonteno-jq4df]

a unique mask

[@farmer_78]

Hi everyone and optimism...

[@inventRight]

Love the postive attitude. Keep Inventing! - 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/ )

[@farmer_78]

@@inventRight Thank you.

[@cl5619]

Ok

[@inventRight]

Keep Inventing! - 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/ )

[@georgejaggy6718]

What time and what timezome is the Q&A? How does one shoot you guys a question? Via LinkedIn?

[@inventRight]

It’s every Thursday, West Coast time at 10 AM on LinkedIn. You must join LinkedIn to participate.