So You are Wondering if You Should use an Invention Promotion Company to get Rich?

So You are Wondering if You Should use an Invention Promotion Company?
by Andrew R. Spriegel
December 16, 2010

Let’s take a look at Davidson as an example.

Here is how I and other interpret the numbers:

Davidson received $745 from each of the 50,516 research contracts ($37 million), and an average of $3k-$15k (lets use $5k) from the 13, 849 New Product Sample Agreements ($69 Million) for a combined total of $106 Million received; the total number of consumers who obtained license agreements is just 376, and the number who actually made more money in royalties than they paid is only 14.  This is a success rate of 14/13,849 = .001%.

This success is actually inflated if you consider the 14+376 /589,418 of the New product submissions.  This would then be an even lower  .00066%.

Apparently, because they have been sued for their actions, they now must publish these numbers for full disclosure.

I am going to send a letter to Davidson to check that I did the math correctly.  However, based on how I am interpreting their numbers your odds are very low at being successful.

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Filed under Andrew R. Spriegel, Andrew Spriegel, business, Cash, Financially Independent, Invention Company Scams, Invention Promotion, Invention Promotion Companies

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