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How to Write a $65 Provisional Patent Application That Has Value

Licensing expert Stephen Key explains why a well-written provisional patent application is all you need to license an idea. But how do you write a PPA that actually has value? He explains what a well-written PPA looks like and how to write one. Check out SmartIP by inventRight: http://www.inventright.com/what-we-offer/smartip-offer inventRight is a one-on-one coaching program […]

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Why You Don’t Need Proven Sales to License an Idea

If you’re in business now and looking for a licensee, proven sales may help you. Then again, if you’re only selling 200 units a month, that’s not particularly impressive. inventRight cofounder Andrew Krauss explains why it makes more sense to try to license your idea first. Why? Because even if you intend on going into […]

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Use What You Already Know to Invent Better Products!

Want to be an inventor? Focus on everything around you in your day job. There are so many products that could be made better! When inventors approach David Fedewa, inventRight’s Advanced Negotiations coach, with ideas for products they don’t really understand, it’s so much harder. Stay within your skill set! inventRight is a one-on-one coaching […]

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Nick Licenses His Concept After Reading One Simple Idea!

In this video, British independent inventor Nick F. shows off the children’s product he licensed to one of the largest plush manufacturers in the United States after reading Stephen Key’s book “One Simple Idea.” Check out the story behind Nick’s invention “Little Sport Star”: https://www.littlesportstar.com/about-us.html inventRight is a one-on-one coaching program that has helped people […]

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Product Licensing Negotiations: Myths Versus Reality

Negotiating a great licensing agreement is a subtle dance. You can’t come out swinging with your demands. In the same vein, you don’t necessarily need to supply potential licensees with what they’re requesting — or at least not right away. You need to plan ahead, identify your objectives, and be savvy about how you developing […]

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Why Engineers Often Struggle to License Their Ideas

Engineers are incredibly talented at solving problems and product development, but they often struggle to succeed at licensing their ideas for products. Why? Because licensing is about selling the benefit, NOT the product. This is an incredibly important distinction. Spending an entire year working on the same project is inherently risky. Our process is all […]

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Your Ideas Don’t Need to Be Great to Get Licensed

Over the years, longtime inventor mentor Andrew Krauss has observed that it’s much easier to license an idea that is a simple improvement on something that already exists. Your invention ideas do not need to be mind-blowing or revolutionary to be successful. In this video, he describes the value of studying the market and what […]

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How Joan Licensed More Than 50 Pieces of Her Art

Did you know that it’s possible to license your artwork? It is! If you’re an artist or creative person, please watch our webinar with our student Joan Smith to figure out how she did it. Joan is on absolute fire right now. The first company she licensed her artwork to has reached out to her […]

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How to Create a Sell Sheet That Actually Sells

The most important tool you need to license your idea is a sell sheet. Fundamentally, your product needs to sell itself. Your sell sheet lets your product sell for you. Licensing expert Stephen Key explains how to create a sell sheet that actually does the selling for you. https://www.inc.com/stephen-key/how-to-create-a-sell-sheet-that-actually-does-the-selling-for-you.html inventRight is a one-on-one coaching program […]

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Want to License Your Idea? Follow the 1 Product Rule

Andrew Krauss is a longtime inventor mentor who has helped thousands license their ideas for new products. In this video, he describes a rule he came up that will greatly help you achieve success. Bringing a product to market takes time, but if you approach it step by step, you will accomplish your goals. Finish […]

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Without This Clause You Risk Losing Ownership of Your Idea

inventRight is a one-on-one coaching program that has helped people from more than 40 countries license their ideas for new products. It was founded by Andrew Krauss and Stephen Key in 2001. Visit http://www.inventright.com for more information and to become their student. Call #1-800-701-7993 to set up an appointment with Andrew or another member of […]

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How to Launch a Product Without Starting a Business

The traditional way to bring a product to market taught by universities and inventors groups is by starting a business. Development, raising money, marketing, fulfillment — you do it all yourself. That’s not the only way to launch a product today. Licensing is basically renting your idea to a company, a company that is already […]

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