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2018 Product Licensing Trends: inventRight Reviews the Year

HNY-Blog
Well, that went quick. As cliché and unbelievably predictable as it may be, I ask myself, “Where did the year go?” If you are an inventRight student or a follower of our content, hopefully a good portion of the year was spent with us in some form or another. Whether you were listening to our members-only webinars hosted by our incredible coaches, o...
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Terry Dean
Great insights Ryan! Happy New Year to you and the entire IR Team! Let's KEEP INVENTING!
Thursday, 03 January 2019 09:29
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Trust The Process

Trust The Process
Los Angeles County, California – The month of November was a stressful month for residents of Los Angeles and Ventura Counties. The beautiful coastal city of Malibu was just one of several that ravaging fires totally devastated. The “Woolsey Fire,” as it was named, burned nearly 100,000 acres, destroyed 1,500 structures, and took 3 lives. The men a...
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Anyone can license an idea!

Anyone can license an idea!
I believe anyone can license an idea! Not only do I believe it, I know it! I see ideas get licensed every single week. From the wacky novelty products to ideas that can change the world! There is absolutely no reason why your creativity has to stay in your head. Companies are looking for ideas. It’s a simple as that! The traditional model of bringi...
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(WEBINAR) Considering Crowdfunding? How to Fight Back Against Copycats and Counterfeits

(WEBINAR) Considering Crowdfunding? How to Fight Back Against Copycats and Counterfeits
If you are considering a crowdfunding campaign, do not miss this webinar. Crowdfunding is an absolute game-changer. Thanks to the success of sites like Kickstarter and Indiegogo, the crowd can vote with its wallet now. There are enormous benefits to running a crowdfunding campaign, including less risk, no equity, exposure, ease of use, validat...
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Why do successful people have coaches?

Why do successful people have coaches?
You have talent, ambition, and great ideas. Isn't that enough? I reflected on this question last week for a long time. There is so much information available to inventors today on the topic of commercializing a product, why aren't more people successful on their own? inventRight offers the largest library of articles on licensing , over 400 free vi...
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The BIG Reason Being Bold is Hurting You

The BIG Reason Being Bold is Hurting You
“Oh no!” I said to myself, as I slapped my palm to my forehead.  As routinely happens, a student of mine had just sent me an email he had sent to a potential licensee. Typically, my students will ask me to proofread their emails before sending them. However, and as my student will now admit, he let the excitement of initial interest get the be...
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Recent Comments
Alex Langer
Great point about getting the person on the phone Ryan! thank you.
Wednesday, 22 August 2018 20:59
Jonathan R Chalmers
Thank you for the article.....I'm now up to the "getting in" stage so this is very timely advice.
Wednesday, 05 September 2018 15:35
Kate Meyers
Excellent advice, Ryan! I once had a salesperson tell me that he was at a sales call for 2 hours. I was not surprised when we ... Read More
Thursday, 06 December 2018 03:12
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How Do You License Your Idea? Over 400 Free Videos Are Just Waiting For You!

How Do You License Your Idea? Over 400 Free Videos Are Just Waiting For You!
Have you taken advantage of the hundreds of videos about licensing on inventRight TV, our YouTube channel? You should! The inventRight team of Andrew Krauss, Stephen Key, David Fedewa, and Amy Jo Brogan have created over 400 videos to help you license your ideas and inventions. These videos provide all the steps you need to license your ideas to in...
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Let’s Be Honest

Let’s Be Honest
As a veteran coach of inventRight, I have the privilege of being introduced to many new products on a weekly basis. The amount of creative talent out there is astonishing. All inventors, or product developers as we teach our students to reference themselves as, have the creative bug. Heck, if you are reading this article, you likely have more ideas...
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Garth Patchen
Ah Yes! The wisdom of a veteran inventRight coach cuts through the sugar plum dreams of product developer hopefuls. You and I ar... Read More
Monday, 16 July 2018 14:06
Wayne Augsburger
Excellent article Ryan. So true on so many levels while yet so few will take this rare excellent advice and learn from it. Even g... Read More
Friday, 27 July 2018 06:52
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Why You Won’t Go Viral and Why That’s Okay.

Why You Won’t Go Viral and Why That’s Okay.
I am often contacted by wide-eyed inventors who want to know how my product, Woof Washer 360 (www.woofwasher360.com), went viral and what tips/strategies I could offer to get their product to do so also. First; a bit of background: Webster Dictionary defines viral as: : quickly and widely spread or popularized especially by means of social media • ...
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Dawn Scheurle
Great behind the scenes insight and advice Ryan. Thanks!
Friday, 22 June 2018 12:42
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You Don't Have To Start a Company Commercialize Your Idea!

You Don't Have To Start a Company Commercialize Your Idea!
In business schools and universities around the world, students are taught that to bring your invention or product idea to market you must start a company. I'm here to tell you they're wrong. Of course, if you want to start a company that's fine. But the simple truth is that most people don’t have the time, money, experience, or even the desire to ...
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How to invent right!

How to invent right!
Why do most inventors struggle to commercialize their inventions? Why are 97% of all patents worth less than what it cost to obtain them? In my opinion inventors have been going about this all wrong! The information they have is outdated. And, a lot of inventors get their advice from folks who don't have the experience to offer sound opinions - and...
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The Reality of Being an Inventor

The Reality of Being an Inventor
I truly love the process of creating. Seeing your product on store shelves or maybe even TV is incredibly rewarding. Watching someone use your product is magical. I love it. But, like everything else in life, it takes a lot of hard work and perseverance to succeed. Here are a few simple truths that I’ve learned in my career about creating new produ...
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How do you find your potential licensee? How do you find companies looking for your particular idea?

How do you find your potential licensee? How do you find companies looking for your particular idea?
Just the other day I was speaking to an inventRight student and he mentioned that his list of potential licensees was somewhat short. Being familiar with the industry, I asked him if a particular company was on his list and, guess what?, it wasn’t. I asked him how he developed his list. He has used one of our recommended strategies which is to visi...
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Can You Make a Living Licensing Ideas?

Can You Make a Living Licensing Ideas?
This is a frequent question asked by inventors and creative people. And, like anything else in life, to succeed at licensing requires practice, patience, and determination. I believe that most creative people come up with product ideas because that's just the way their mind works - you create instinctively - you can't really even help it - your bra...
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Should you show your Provisional Patent Application (PPA) to a potential licensee?

Should you show your Provisional Patent Application (PPA) to a potential licensee?
At inventRight we get asked this question all the time.  As I travel around the country and speak to inventors, it's a familiar dilemma.  You've submitted your product to a company and they have asked to see a your PPA.  Should you show it to them? The simple answer is yes if they ask. But the real question (and advice I'd like to of...
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inventRight Helps People License Their Ideas. How?

inventRight Helps People License Their Ideas.  How?
Licensing ideas is easier now than it has ever been.  Open innovation is flourishing and thousands of companies are looking for new ideas.  Technological developments like 3D printers allow you to make prototypes quickly and inexpensively.  Crowd-funding websites help you raise needed dollars.  Freelance websites offer inexpensi...
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Roadblock ahead! How to Stay Motivated While Trying to License Your Idea

Roadblock ahead!  How to Stay Motivated While Trying to License Your Idea
One of the toughest things about being an inventor or product developer is staying motivated and keeping on track – especially in light of setbacks.  This journey is a marathon; definitely not a sprint and you are going to experience ups and downs along the way. You need to have a few tips and strategies to help you stay excited, enthusiastic ...
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Finding a Product Scout or Licensing Agent is like Finding a Leprechaun!

Finding a Product Scout or Licensing Agent is like Finding a Leprechaun!
Finding a product scout, meaning someone who will represent your product to companies and aggressively try to get you a licensing deal, is like trying to catch the pot of gold at the end of the rainbow. Bringing your idea to market through the licensing model is straightforward – and something that you can do for yourself.  I’ve done it you ca...
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Recent Comments
J Farrell
Just what I needed to read! .. I get tired and worn out, (never give up), but looking for something easier. It would be harder t... Read More
Wednesday, 21 February 2018 06:14
Andrew Krauss
LOL J, Yes, you could sell that product all day long. Many inventors just want someone to agent and sell their idea for them. T... Read More
Thursday, 22 February 2018 18:05
Aaron McGill
Just to the point! I thought that way for many years, waiting for that special someone who will take my idea/ product out there to... Read More
Friday, 23 February 2018 12:31
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Show Me The Money! How Much Can You Make From Licensing Your Idea?

Show Me The Money!  How Much Can You Make From Licensing Your Idea?
How much money can you make from licensing your idea? Someone asked me this question recently. In fact, some folks wanted to know if I can bring inventRight students onto my videos and seminars so they can share how much money they’re making. I haven’t gotten this sort of question in a long time and I doubt that I can answer it to anybody’s satisfa...
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Recent Comments
Andrew Krauss
I'm so happy for you Jason. You followed the inventRight approach and licensed your first product! The number of years a product ... Read More
Tuesday, 13 February 2018 10:16
Andrew Krauss
Hello Faith, My recommendation would be to license this second product just like you did for your toy. That would be the best wa... Read More
Thursday, 26 April 2018 07:17
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Don’t Kill Your Licensing Deal Before It Even Gets Signed!

Don’t Kill Your Licensing Deal Before It Even Gets Signed!
Today I want to talk about ‘killing the deal’ when you begin negotiating with a company. And no, I don’t mean this in a good way. Let me outline a scenario for you: you’ve done a lot of hard work by putting together wonderful sales material, making a list of companies and contacting them, and BOOM! One of them has showed some interest in your produ...
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Recent Comments
Kristina Van Horn
Interesting...but what ARE the unspoken rules and specifically, the right questions?
Thursday, 18 January 2018 20:43
Andrew Krauss
Kristina, Negotiating a license agreement is a dance. We help our students do that dance one or twice with the help of a negotiati... Read More
Thursday, 25 January 2018 10:43
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When Do You File a Patent? You’d Be Surprised!

When Do You File a Patent?  You’d Be Surprised!
I want to talk about when you should file a patent.  And based on my experience, I have a different approach to this than many other folks.  Trust me, I know exactly what it feels like to come up with an exciting new product idea, and Boom! That’s when fear takes over. Is someone going to steal my idea? 25 years ago, that fear hit me, and...
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18 Tips to Protect your Ideas

18 Tips to Protect your Ideas
Disclaimer: I am not an attorney and this is not legal advice. Happy New Year! Today I am going to go over 18 ways to protect your product ideas. It’s a lot of information that I think will help you both protect and license your idea successfully. I’m going to share the traditional methods of course, with the USPTO as your main resource, but I’m al...
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Recent Comments
Aaron McGill
Thanks Stephen, Great as always! Can't wait to get my copy of "How to Sell your idea with or Without a Patent". Warm Greetings fr... Read More
Wednesday, 03 January 2018 09:32
Andrew Krauss
A.McGill...... We are known for "One Simple Idea" book, but Stephen put a lot into "How to Sell your idea with or Without a Patent... Read More
Monday, 08 January 2018 13:19
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Reality Check for Inventors: No One Else is Going to Do it All for You

Reality Check for Inventors: No One Else is Going to Do it All for You
Today I want to talk about that magic person or company that is going to come along and do everything for you. They are going to take your idea, they are going to license it from you, and they are going to send you checks. All you have to do is come up with a great idea. Sounds like a miracle, doesn’t it? That’s because it is! It doesn’t happen tha...
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Recent Comments
Brad Gupton
Another Great post. Keep 'em coming!!!!
Wednesday, 03 January 2018 20:11
Andrew Krauss
Thanks for the kind words about Stephen's post. Keep inventing! Andrew Krauss : inventRight Co-Founder: 650-793-1477... Read More
Monday, 08 January 2018 13:24
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inventRight is the world's leading expert on product licensing. Cofounded by Stephen Key and Andrew Krauss in 1999, it has since helped people from more than 60 countries license their ideas for new products.

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