Sealing a Licensing Deal for Under $100

From Inventor’s Digest

Editor  Mike.Drummond@inventorsdigest.com

12-Step Program

Sealing a Licensing Deal for Under $100

An excerpt from the upcoming book Guerilla Inventing: An Inventor’s Guide to Getting Inventions to Market without Going into Debt

By Roger Brown

Ladder.jpg

There are two questions that come up any time I talk to inventors. The first is “Do you really get your invention ideas licensed for under $100?”

When I say, “Yes,” the second question is “How?”

This is the route I take for most of my ideas. I do not pay for a provisional patent application or formal patent. I use a non-disclosure agreement (NDA) when approaching a company with a new product idea.

You don’t need a patent or patent application. There are plenty of large and mid-sized companies that will review non-patented ideas. Companies that are interested in my new products pay for any intellectual property protection, if they desire.

Meanwhile, I get inventions to market spending between $10 and $100 (when no attorneys are involved). Other than the opportunity cost of doing research and other preparation, my first royalty check is pure profit. I am not waiting months or years to earn back the thousands of dollars spent on patents, huge presentations that aren’t needed, professional prototypes, or paying fees to invention submission companies before I break even.

Below is my step-by-step breakdown of how I go from conceiving an idea to closing a deal.

Step 1 – The Idea

Inspiration comes in many forms. You can be walking through a store, see a product and have an idea for a better product right off the top of your head.

Continue Reading at Roger Brown’s site ->

Advertisements

4 Comments

Filed under Book, Brand, Branding, Bucks, Cash, Intellectual Property, Licensing, Market, Marketing, Marketing Strategy

4 responses to “Sealing a Licensing Deal for Under $100

  1. Pingback: Labuo.com

  2. hello I was fortunate to come cross your subject in baidu
    your topic is impressive
    I get a lot in your theme really thanks very much
    btw the theme of you site is really outstanding
    where can find it

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s