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Stephen Key

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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Potential Licensee product idea licensing – inventRight students product ideas
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Stephen Key

Master the Art of Product Licensing - At Your Own Pace and In Your Own Way!

Master the Art of Product Licensing - At Your Own Pace and In Your Own Way!
Let the worlds leading experts on product licensing teach you how to collect royalties on your product ideas! How? With inventRight’s online licensing course, iR Academy. Learn how to license your own inventions without raising capital, starting a business, or really taking any risk at all. You probably don't even need a prototype let alone an expe...
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product companies licensing deal licensing – product idea
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Stephen Key

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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mind works way product ideas licensing – people
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Stephen Key

Royalty Rates - How to get a Higher One!

Royalty Rates - How to get a Higher One!
Royalty rates are an important party of licensing – after all, it’s how you get paid! Everybody wants to know: how do I get the highest royalty rate? First let me tell you that royalty rates average about 5%. Over and over, across different industries and lots of different products, a royalty rate of 5% is standard. Once in awhile it might be 3% if...
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5% royalty rate licensing – royalty rates
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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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