How to License a Big Idea
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- เผยแพร่เมื่อ 5 ก.ค. 2024
- Learn Stephen Key's 7 tips for licensing a big idea. A good idea is merely a starting place. Implementing a new packaging innovation at scale requires patience, experience, and know-how. But even more importantly, it requires having the right team in place - a team with the right vision and the right attitude, because no one achieves this alone. Supply chains are far too complex and interdependent for that to be feasible.
Find out more bout the Fishbone can carrier, a new sustainable packaging innovation: fishbone.com
Congratulations Fishbone cofounders Keith Elliot and Kevin L'Heureux.
How do you license an idea? How do you patent an invention? Learn how to become a profitable inventor and earn passive income from your creativity following the advice of inventors Stephen Key and Andrew Krauss. They are the world's leading experts on how to license a product idea. If you have an invention idea, inventRightTV is the show to watch.
Stephen Key and Andrew Krauss are the cofounders of inventRight, a coaching program that has helped people from more than 65 countries license their ideas for new products.
www.inventright.com
If you have questions about how to invent, how to be creative, design, how to do market research, prototyping, manufacturing, negotiating, pitching, how to sell, how to cold call, how to reach out to open innovation companies, licensing agreements, non-disclosure agreements, patents, copyright, trademarks, and intellectual property in general - subscribe to inventRightTV! New videos every week, including tons of entrepreneur success stories.
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Contact us at #1-800-701-7993 or www.inventright.com/contact.
This is the book you need to license your product idea: “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: amzn.to/1LGotjB.
This is the book you need to file a well-written provisional patent application: “Sell Your Ideas With or Without a Patent.” Find it here: amzn.to/1T1dOU2.
Determined to become a professional inventor? Read Stephen's new book "Become a Professional Inventor: The Insider's Guide to Companies Looking For Ideas": www.amazon.com/gp/product/165...
inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.
Reference on this video to any specific commercial products, process, service, manufacturer, company, or trademark does not constitute its endorsement or recommendation by inventRight, LLC or its hosts. This video may contain links to external websites that are not provided or maintained by or in any way affiliated with inventRight, LLC. Please note that the inventRight LLC. does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
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#6! This is the biggest roadblock for me at the moment. Finding people that would like to operate as a team. If there are any design/business minded people out there that would like to talk about teaming up on some projects we should chat. I have dozens of product ideas, but just don't have the bandwidth to action them all!
It’s not easy to find people to work with. Join local meet up groups. Be very active on social media with other innovators.
@@stephenkey3137 thanks Stephen! Covid put a wrench in those types of things, but time to start it up again I think. I've had a few brands reach out to me over IG after posting some renderings and have begun talks w a brand about licensing my first product but decided to take the posts down as your book talked about keeping ideas off of IG. Its hard bc it's a great platform to find likeminded ppl, but it's the people that DON'T reach out to you that you have to worry about stealing an idea. Cheers!
Yup same here
Great idea 💡 liked your advice @@stephenkey3137
Thank you Mr. Key I'm currently on book # 3 of 4 and all I can say right now is Stand By and Stay Tuned
Fantastic!
Great video, and I love the new intro jingle, short fast and gentle sound.
Thank you!
I agree, thank you for the new intro.....and a great video. Currently in one of my "big" ones. Several PPAs and over 30 more pre-written ready for timing. My procrastination still delays me, but this is motivating again. Thank you for all your years of videos, books and helping so many of us.
Team work makes the dream work!!
This was a GREAT VIDEO!! Im currently in this situation. Creating demand is huge and you are absolutely right..a team is needed!!
Demetria thank you for watching!
Great content Steven. A note on team: Sara Blakey was a solo entrepreneurs and sold her company for over $1 billion.
That’s truly amazing. But I think fairly unusual. Thank you for commenting.
Thank you Steven and congrats !
I love that intro much more than the other one. It's short and simple.
Thank you for commenting!
I have a big idea with no team. Can I get a prototype and license the idea?
Thanks for sharing!
Thank you for watching!
Thank you were a great help. I have a big idea medical shower scooter for amputees cancer, patients hip replacement.
Thank you Stephen, great content. Can’t wait to see the Fishbone package….
Thank you Hector.
Interesting info for inventors, as always, thanks Stephen.
Thank you Sam!
Do you ever work on joint ventures.
Great new product!
Thank you!
That looks like an awesome product! I have concept systems / product concepts in trucking automotive and transportation. A lot to pinpoint where which to start with. Any suggestions?
Yes keep watching the videos!
Great video... always like this channel.
Thank you so much!
Thank you for the great informations, i have a design idea that could be applied in big supermarkets that's increase sales, i worked in sales and ditigtal marketing, and I have tried implementing this design in home appliances sales and it increased sales up to 300 % or more for some categories in different time of the year, I'm working now on my designs for big supermarkets.. My question is : I live in syria and i want to get this design patented and offer it to big malls and supermarkets. What are the procedures to make this happen , regarding this idea will make a lot of revenues to the ones who use it.. I'm sorry for the long question .. Thank you greatly...
A point of difference and wow factor check. Scalable? that is a new one for me. Cost; cost is an issue because it will require retooling ins some cases, but the actual product is a little less than the current product, it would replace. A prototype I can build myself. TEAM. Create demand; that was done for me already. "Don't try to Licensee a big idea by yourself" How is that any different from your point 4 "You need a team"? 7 I already have a provisional patent. the biggest problem is that the team I have doesn't understand the product, the engineering, nor do they see the application, and I already paid them. They also pulled a fubar when they weren't talking to me and they needed to be doing that. I have a rare talent I can take a drawing, schematic or blueprint and get a 3D picture in my head then turn it any way I want to view it. I have been doing this all my life. but I can't draw and the first time I saw what they created was on a professionals drawing after it was submitted to the US patent office. I never knew my talent was something special until I graduated college at 50. They misunderstood a simple set of written instructions, and draftsmen do not think outside the box.
Thank you so much for the tips.
Dear Stephen,
Is a product concept protected globally once I license it? Or does it differ from one country to the next?
In my instance, I reside in Italy; if I license a concept in my country, would it be protected even in the United States, Canada, China, and other countries?
I'm a big fan of your stuff, and I'm a big of of yours. Continue your good work!
It all depends. If you have filed in other countries of course you’ll have protection. But today I’m afraid it’s hard to police the knock off’s. The best protection is sell first sell fast and license it to a company that has great distribution.
THANKS
Incredible video 🎉
Thank you!
I look forward to meeting you.
I especially like this vid because for an innovation i have on quiet introspection a big idea horizon can be appreciably navigated because market relativity would sustain product fixity but when the product is a definite game changer of unlimited capacity then the narrative of such changes easily favouring the industry and not the innovator.
I have an idea for a product. How can I get in touch with you sir
How do I know whether or not my future prospect invention has not been patient or is currently selling
Research.
So without further delays,how do I meet this team.cause they cannot do this without me.isnt it true that ,in order to build a big idea or any idea,that the inventor 🌱 must be willing to go That extra mile from start to finish,not start an back out later? An what if the big idea guy has more than just 2 big ideas?
There’s many ways to find like-minded individuals. Get out there and network!
Excellent
Thank you. Keep Inventing! - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )
how much percentage is royalty ?
Standard is about 5% on the wholesale price.
How do you determine if an idea is big?
I have some ideas,how can i sell them?
You can do what's called licensing. Check out our web site www.inventright.com to learn more. - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )
thanks for this Stephen, I think I was under the impression you can roll up to a company and just license an idea you sketched out on a napkin. Sounds like you need at least some solid protos, and probably a full team behind you..
All depends on the company and the idea!
What am I chop liver.i got no response?
We tried to answer each question. But with over 800 videos it’s difficult at times. To answer your question to meet others you have to network. Meet ups, conferences, seminars, and tradeshow.
Well sure grateful to hear back from you✝️🕊️, I'm still on track , a big company's idea is right, a team🙂put together, will surely be needed ✍️ ...a ppa, 🌍I don't think is going to address the shear size, residential and commercial,as well as (how many) patents from a single idea are allowed.🕊️
what does it mean to file a ip that has value? LIke spending a lot of money on lawyers to file the ip?
No. It means doing your homework. Filing on something that’s unique. Filing on something that people actually want. And filing the details on how to manufacture it.
@@inventRight ah okay thanks for the information
I have many inventions, and improvements on existing products, especially kitchen products.
Are you taking action on them? A great place to start is Stephen's book "One Simple Idea" - many people have licensed their ideas by following the process it lays out in detail. You can find it for free in libraries in the U.S.
The ideas I have are np, showing multiple demand,for each product I have.could I be as bold enough to say that the world 🌍 needs the first 1 now,really all my design's 🕊️
What about electronics idea
You can license them of course. - Andrew Krauss, inventRight Co-Founder
Can you help me license my invention?
Yes. Give us a call at 650-793-1477 or book a call here. inventright.com/contact/ - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )
What would your advice be for someone that has ideas and just wants to sell their ideas for products?
Study our methods and commit to taking action.
I was asked for $195 to get me product licensed should I pay? they are a very big company
Sounds fishy
Thanks I was a bit shocked with a big company asking such as theirs.
I’ve never heard of this before.
What if you know they don’t have that idea.
i need to talk to u
asap
Sure call me
209 480 8603
Stephen
??🌟🕊️
I think there running out of stuff to talk about. All new video are repeats of old vids
Danny, thank you sincerely for helping celebrate Fishbone cofounders Kevin L'Heureux and Keith Elliot commercializing their new sustainable packaging innovation in a major way! They have been working relentlessly for years and years, and now their product is on stores including Albertsons, Safeway, Harris Teeter, ACME, Lowe’s Foods, Tom Thumb, Randall’s Foods, Price Chopper, Tony’s Finer Foods, IGA, and a growing list of other retailers. We certainly feel this is deserving of another video. It's not everyday a packaging innovation that Stephen helped commercialize comes to market. Find out more: fishbone.com
No way Danny. All of those 700 videos are unique:)
@@inventRight I respect you and your team. I didn't watch the video because it's a similar title. I will watch it. Keep up the great work you've educated me so much.
@@stephenkey3137 I watched the video. It was a bit different. 1 question Mr Key . If someone has a big idea and you love it will you get on board like you've done with fishbone
It’s very unusual Danny that I take projects on. But if it’s in the packaging industry I will look at it.
Get checked for Sleep Apnea.
Thanks for commenting!
Can you help me with my good Idea.there is nothing like it..I Whant to help America save Gas ,If I make good money I like to help make money to buy electric wheel chairs to those that need them . eventually help my Family.Give a Donkey a chance.