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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 idea licensing – product companies licensing deal
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Ryan Diez

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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product Woof Washer 360 www.woofwasher 360.com tips /strategies Webster Dictionary
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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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Stephen Key

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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product love process store shelves someone use
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Stephen Key

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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Stephen Key

Are videos important to license your product idea?

Are videos important to license your product idea?
This is a great question. I've seen some videos that do a really great job of demonstrating a product's benefit. But do you need to have one? I think it all depends on the industry for which you are creating products. If you’re submitting ideas to toy companies (and submitting a lot of them which is how to be successful) then making a video for eac...
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Wayne Augsburger
Totally agree Dude! Great read.
Monday, 14 May 2018 09:09
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Stephen Key

How To Overcome Obstacles When Licensing Your Idea

How To Overcome Obstacles When Licensing Your Idea
I wish it weren't true, but you must accept there are going to be many obstacles in your way when trying to bring your product to market through licensing. It’s going take longer than you think, working with freelancers might be frustrating, writing and filing your PPA might be outside of your skill set, making sure your sell sheet l...
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Stephen Key

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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company product time . inventors dilemma .
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Paul Sorenson
Hi Niroshan, Whenever you file a PPA with the USPTO it is a good practice to print the receipt. This will give you your applicat... Read More
Wednesday, 10 July 2019 14:15
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Stephen Key

Can I license my idea to more than one company?

Can I license my idea to more than one company?
You have a great idea, it's perfect for Walmart and many other retailers and you want to sell as many units as you can.  After all, more sales means more revenue to you.  This is the dream of most inventors. So here’s the burning question? Can I license my product to multiple companies to help generate as much revenue as possible for me a...
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Stephen Key

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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product scout meaning someone product companies licensing deal
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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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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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