@Milton Lemons Stephen's award-winning book "One Simple Idea" has been translated into 6 other languages and has more than 500 5-star reviews on Amazon. Incredible! You can purchase it here: www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676
actually i have too much ideas that so simple but it can earn a lot of money... example... honey dropper.. dropper plus honey inside for babies this is brilliant idea
Thank you for watching! That's great to hear. We have many, many more resources about how to license an idea without a patent if you are interested. The most comprehensive is "One Simple Idea," Stephen's bestselling book about the 10 steps you need to take to license an idea. It's available in libraries in the United States and on Amazon: www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676. He's also published many videos and articles about this topic. Please let us know how we can help.
Hi, let's say that I have a provisional and I sat with a company to license my invention. What if the company says it's not interested in my idea and proceeds to make a similar product based on my invention? What is my defense then?
Let them do it, it shows you have a great thing. Create Constructive Reduction to practice, and pictures of process and prototyping. In addition to Actual . reduction to practice. Buy the Book Patent it Yoursef by Patent Attorney David Pressman intend to sell it even if it is small batches. Use it yourself and your associates.
That's a very good question. I submittes to 2 of the as seen on tv reps interviewed by inventrighttv and have not heard anything - yes or no, and it's working on the 2nd week....I've been robbed before but perhaps it's a little too soon...any comments?
you have the provisional application filing date before them, any disclosure in that application is prior art for them, if you dont give up on that provisional
I've had an idea for quite some time now and have always been afraid or too shy to even begin the process or tell friends about it. After watching your videos I am much more informed and confident in beginning the journey. Thank you both.
Very good video (with intelligent clickbait title.) Pragmatic 3-tiered "win/win" royalty strategy: File provisional patent. While status is patent pending ask 5%, if utility patent is granted 7%, if patent not allowed 1%. Propose that agreement includes improvements. Use additional follow-up provisional patents to maintain pending status. Flexible reasonable approach.
Before You Begin The Patenting Process, Read This: www.forbes.com/sites/stephenkey/2018/07/31/before-you-begin-the-patenting-process-read-this/#4bc6647452f6
Thanks for posting these, such great info. If you get a chance, could you please give some examples to further illustrate the "big idea vs. small idea" point that you were making? I appreciate all your help.
How to write a provisional patent application that has value in the marketplace: www.forbes.com/sites/stephenkey/2018/03/31/how-to-write-a-provisional-patent-application-that-has-value/#918211552700
patenting provitional us about $125 dollars, but the total and formal patent thing is around $15K. But you know what, if you really invent a great thing nobody ca take i away from you, because all of us know that money makes the difference. A huge company will pattented and steal your idea and even worse you wont be able to sell at all. is better to do a provitional patent is cheap and then follow up and pay maintenance fees. If your idea is not worth it much dont waste the timem but any ways before license go for a provitional patenting and negotiate good royalties
My favourite thing about Andrew and stephen is when stephen says something that doesn't sound right to the average listener, Andrew will counter question him so he has to break down what he's saying. If its possible, could you guys do a video on what to do if you get stuck designing a product. Bought your book other day and its a huge thumbs up from me, thanks a lot guys.
I have a found a great market for a great product. It looks the part, and would work great. My only struggle is, how its going to be manufactured. I've watched how the product is manufactured a 100 times, but find it difficult to add my design in to that process if that makes sense. The process would need adjusting and i think it is possible, but stuck on creating that process. Hope that isn't to confussing. And thank you for your reply.
Write a Provisional and word things as best you can. Make sketches as best you can. If you have a friend or someone close to you, STILL have them sign a Confidentiality Agreement with a general general description of your creation. File your provisional (read the book, "One Simple Idea" for tips on this), then CONTACT companies in that market who will sign the Confidentiality before you discuss your product for the company to license. Get your Provisional Patent, make your Sell Sheet, include the Prov. Patent # on it, have a meeting with the company you are pitching to. Get everything in writing and make a great deal. The book here lists much info. Read it first.
Literally 2 people running their mouth about a subject they are educated/experienced in, on the subject I searched up. Thanks inventRighttv and TH-cam for this easy education.
Stephen is now contributing to Forbes about intellectual property strategy. Read his first article, "In Today's Market, Do Patents Even Matter?" www.forbes.com/sites/stephenkey/2017/11/13/in-todays-market-do-patents-even-matter/#564989a356f3
Learning about the PPA from you guys seriously changed the game for me! Such an easy 'step' in the licensing process and it allows you to get in conversations with companies so much faster and start getting product feedback. I actually have been using SmartIP through your site and it's been great so far. Thank you for all the great info and saving me thousands on an IP attorney!
Sirs, with way rhings are going right now, all the firewalls or whatever has been compromised. It is best to hsng out and wait for it and let it blow. We dont want to step on powerful peoples toes. Respect is the key to co-existence. I hope, wish and pray that in the future, it can happen d2to peoples whatever.
So I’m just a plant and soil scientist that owns a landscape design and horticulture services company that decided to just make cool shit to provide myself with a niche horticulture market and ended up just making and Inventing things to sell clients when they preordered. Well they are doing very well but haven’t marketed it due to someone stealing my ideas and products. They are complex for the purpose but only because I’m a plant scientist did I know how to make a great horticulture product. Now what I’m thinking... is I don’t want to wait for a patent!!! BUT the company I live down the street of is one of the largest producers of a type of horticulture products and they so happen to supply my manufacturing needs... I have to have there help. How do I make a deal with them so they don’t steal my ideas... Cause once you know all the materials I use someone can reproduce it besides the part my friend made software for but even that you can find online by itself.... I’m going to try and patent it cause I have investors who already want to pay for legality of the patent process. That’s the hardest part but my problem is time it takes for complex patents and my urge to produce a few hundred units that’s . So should I still go to them to help manufacture my products In the short term??? Their manufacturing input is only a type of material that is crucial for just the material I’ll have custom made, but not crucial for the complexity of the system although they are a huge company in the horticulture world they innovate and manufacture a lot of products in the same customer base as myself.... Another reason it’s intimidating to patent due to the mechanical complexity of my product. My other product is less mechanically complex but much more complex in functionality and its ability to perform needs of clients but simple in the grand scheme of things. The reason I need to get patented is the complexity of said product that would sell no problem cause everyone is chomping at the bits to get them includes my friends, family and local businesses/residential clients. So I had someone tell me I should start patenting my creations and sell them... I’m not that type of guy tho...My job and life resembles that of a artist’s life not a engineer or crazy capitalist. Pretty content with just running my lil company in the super awesome field of horticulture services and landscape design. I also have some clients that think My ideas and contraptions are brilliant and have too much money\time. I think people believe I’m just a entrepreneur/opportunist that started a landscaping company after high school but no one believes I have 8 years of plant sciences classes of knowledge and insane passion for Plants and ecology knowledge. I see nature as art and like painters my canvas is the environment I’m given and my paint is the ability to know what plants need and colors they will produce during every season and the shape...That’s how you manipulate and control the environment and instead of a paint brush I use rocks and trimming to highlight and bring focus to the most beautiful parts of the scenery. In a way you forget it’s a garden and instead just admire the way everything blends and how it feels... Now that’s art! So yeah... I like to manipulate nature to create art of living things and I have ideas\product that you can’t find readily or at all. These are just tools to help people like me to create art from nature Did all this because I have made things DIY to fix my niche work but would be great for home owners and professionals. One is a simple but awesome plant water can and one is a system that is sold for assembly and is modular so you can add to it and horticulturist and interior designers would be chomping at the bit for this system. Both are very complex I even have a friend designing software only thing is I still have to find a few materials like pumps, filters, and chemicals that I have to link up with horticulture manufacturers that I don’t want my ideas and design but they are crucial for making my products a reality. Got stoned and kicked in mid comment writing lol
if you make a u tube video showing and explaining your idea, Doesnt that prove that you are the original creator of that invention.. because it has an upload date .ALSO what if you started selling it on an ETSY online store... would that protect the original creator ?
No, that wouldn’t protect anyone. Today it’s very hard to protect an idea, but you should file intellectual property first before you do any disclosure. -Stephen
I brought your book. A lot of what you say in the book sound good, but does not work in real life. I spoke to a lawyer they told me you cannot sell a provisional patent. All a provisional patent is a placeholder. The only time a company will buy is if you have a Utility Patent,
That's 100% false. Our students sign licensing deals all the time with just a PPA. On the other hand, it makes sense that a lawyer would tell you that you need their help right? Follow us on social media to read about a new success story every week.
Is there anything one can do to stop and multibillion dollar corporation from creating a profitable product from your idea without your permission or providing you with any compensation. As well as selling it at a far lower cost than you could, along with free installation, free repair and regular maintenance checks for the life of the product, which also is at a greater cost then the your entire income from all sell before subtraction operating costs (so you already can't compete due to accessible liquidity). Then once you start to contest this illicit profiteering from the theft of your intellectual property they're access to legal avenues you soon can't continue to keep up with; they force you into bankruptcy with countersuit after countersuit, bringing lawsuits with accusations from slander to defamation to reperations and so on. They bring as many as they can in many separate courts in as quick succession as they can until you can no longer afford legal representation of all of these different cases in different courts possibly in different states of countries where you require lawyers licenced in different areas of law in different locals?
If you want to learn more about how to protect your inventions, please check out this new channel. th-cam.com/video/o_9eo0dVg-0/w-d-xo.htmlsi=PhGeR8YLv-m-kOz7
Regarding this information, things are about the same. Companies need ideas. And you don’t need a patent, but you do need a well written, provisional patent application. Always include manufacturing techniques and any work around and variations to your PPA.Thank you for asking this question. -Stephen
Our cohost Andrew is going live today at 4pm Pacific to answer your inventing and licensing questions - that's a great time to get your question answered! Save the link to join the live: th-cam.com/video/-GuVJ5qTo5w/w-d-xo.html He goes live every Monday at 4pm Pacific.
Thanks for watching! If you're new to our channel, you may enjoy checking out Stephen's book "One Simple Idea," which is in many libraries in the U.S. as well as on Amazon: www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676
I have to say, with so many videos out there one is always inclined to assume there is a lot of babble and not much real content. This however, when one listens to it all, really does make sense, it's rich in content and has confirmed thoughts I have had and more importantly warned me of critical aspects. If one is looking to patent something, this really is good free advice. Most grateful. In my case especially since I have in fact both scenarios, one small domestic device with a functional prototype already working, (the provisional will do me to get that to market asap) and a second much bigger thing where I need to go to industry along with a heavyweight business angel as I suspect it could be a feature that won't go away for a very long time in one of the biggest industries around. Very good. Many thanks for this most informative video!
This is the most exciting video of yours I’ve seen so far. THANK YOU! It makes me angry how so many people overcomplicate this subject. You guys simplify it! Us inventor-types NEED the approach that you offer. Just bought the book. Excited to absorb it all.
That's a good question. You have several options. Please check out Stephen's article "What to Do When Your Provisional Patent Application is About to Expire": www.inc.com/stephen-key/what-to-do-when-your-provisional-patent-application-is-about-to-expire.html
If you don't have the patent the company that is examinating your idea could say: thank you for the idea and then they could copy your product and you would finish with zero coins in your pocket.
Yes you can work on tech ideas. Of course. - 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/ )
Hey guys, I’ve got an idea for a new bbq grill that I haven’t seen anything like it on the market. I’ve built a model & will be soon building a prototype. I’d like to talk with & meet with you guys about my next steps. I’m not interested in manufacturing it, my interest would be pitch its concept to some major grill companies to see who would give me the best business offer to own this new idea. Looking forward to working with you guys & putting together a plan that protects me & my new idea. Thanks in advance!
When licensing while provisional is still pending, is it possible to structure license agreement to transfer costs and responsibility of filing related utlity patents to the licensee? If so, what impact might that have on the 1%, 5%, 7% typical royalty schedule you suggest?
This is a great question.Negotiating where your licensee pays for the intellectual property is a strategy we use all the time. But I would never transfer responsibility. You have to control this yourself.
@inventRightTV Thank you. Transferring costs while retaining responsibility/control makes good sense, insofar as there is an inherent conflict of interests.
Hey guys this is really gud and a major relief to me, i'll go ahead with my plans and if it works out right, after following ur advice i'll personally come shake ur hands as i give you my testimony and of course thank you.God willing.
This is the first video of yours I've watched. Thank you so much for the great info. I've made the first prototype of my product yesterday and l am now in search of my next step.
@@stephenkey3137 Yes, I've purchased your book after watching another one of your videos. I'm currently reading it again for the second time. I hope to have enough research done by January to start calling companies.
This was a very informative video. However, people need to be aware that the United States Patent and Trademark Office website is insecure. In Firefox, look at the uniform resource locator (URL - "address bar") and notice the gray padlock with an exclamation point inside of the orange triangle. The click on the gray "i" immediately to the left of it, and you will see: "Connection Is Not Secure." Other browsers will be different. Chrome, for example, shows a grayed out URL but with the same gray "i" for information icon that will tell about the insecurity of the website. Look at he Inventors Assistance Center at www.inventorsassistancecenter.biz/help-with-your-invention. under the heading, "Why we file with IP Australia". There is a link to a report, "The gaping security hole in a US Government website".. I recommend this for everyone wanting to file a PPA.
What happens if you do research to see if a patent exists on an idea, don't find anything, then file a provisional patent, get the idea licensed, then have someone with a patent or patent-pending claims you are using their idea?
It is extremely costly to pursue patent infringement claims. So, unless the product in question was making the inventor/company a lot of money, this is a unrealistic scenario. This is one reason why we recommend starting your market research by searching through Google images (to see if there are similar products on the market), not just a prior art search.
SO, lets say i make a PPA and start selling my product but two years of making money someone says that YOU stole their idea that has been previously PPAed ... what then?
1 question, um am I missing something.do I need a ppa, or a full ppa ,application ,for a big wall of patents idea!, that won't fade or go down once up in the market this time.seems u.s.patent office only allows only 500 patents of a single idea!.ive millions of idea,s to a single idea.thats not fair for the economic incline in world ,stopped by this law.well hush my mouth ,an reply plz.☺🕊 p.s. im for real.look up infj an you will know me.
Great video! The format is a little strange though, Are they business partners? When they correct the one guy corrects the other, it's a little awkward.
Who is us? The defined servitudes? I have spent 5 minutes listening and steve keep references to a book he has written. A big evangelical fkr big corporations
My products is there, I just need my machine to be build, I don’t need the patent until I make some sells, because my machine is gonna cost a lot and needs a lot of patents. I just need a provisional application, need help. While I’m making my product to sell it. Need help
i have 2 ideas one is an improvement and simple to use and the other is used for same kind of work and attaches to same place as the other but theirs nothing out their like it and i made them for my own shop use and thought i should try to put these on the market and see how it goes but the cost and fees kinda smacked me down a little bit do this was helpful to know to keep the vultures out of my pocket 👍
This Stephen keys energy is just not running me the right way he always gives a bunch of fluff. He never gives you any other info rather than this provisional patent.
That is very risky. Why should they pay a million dollars for your unprotected idea when they can just use it? If the value of your idea is in its trend building and development then avoid leaving behind any prototypes.
Is it possible for a non US citizen get a ppa ? I didn't really understand what Stephen explains about the royalty rate. Does he mean the royalty one should ask for? It sounded like this 7% if the product has a patent and 5% if it is patent pending but he also mentions 1%.
Hello! Thank you for watching! To answer your question, anyone in the world can file for a PPA. As for the second question, there is no such thing as a set royalty rate, because every industry and every agreement is different. If you want to read more about what an idea is worth and how to calculate an approximate royalty rate, feel free to check out our Inc. article on the subject: www.inc.com/stephen-key/what-s-your-invention-worth.html.
Ok what if you don’t want to sell your idea to anyone what if you want to make inventions that you own and you start your business with. Would I still need a Patton for that? Or can I just get away with using a license Also why does it take so long to patten it like they don’t want us to have good ideas it’s fucking bullshit
OH WOW LOL. “Does everybody understand that” Interveiwer responds in a monotone voice. “Yeah I get that. Yeah that’s great advice.” Like who cares. What he said there was SO IMPORTANT if you break down the math and mechanics of what he said!! I can not emphasize that might of been the best nugget in whole bunch of treasure he spoke! Go back and rewatch and rewind and grab a pen and paper and figure out what he is saying and why. You’ll be glad you did
If u have PPA filed b4 u show ur idea to a big co. or other people have them sign NDA non disclousure Agreement! but if u think u have a product invention u think that can sell for more than 20 yrs or more better get a patent pay Prioritize so it will be expedited by the PSPTO! mine i did hire an Atty to Patent my product, now a days 6 to 12 months ull get a patent! Called track One ur Atty knows that...
Can I speak with you guys or one of your representatives? I don't have international calling but can we arrange a video call. I am willing to compensate u with payment for your help also interested in becoming a student or whatever. But first I want to know what u guys plan on taking? Royalties later or what?
What if you are fist to market and it transpires there are possible previous patent infringements of the invention? 'A patent assures there is a libel free road to market
About how long does it take for a ppa application to go through the verification process of their offices also how long will it be pending for before the ppa becomes set in stone
The USPTO does not read provisional patent applications. You have 12 months to decide if you are going to file a non-provisional patent application. Learn more: www.inc.com/stephen-key/what-to-do-when-your-provisional-patent-application-is-about-to-expire.html
so if got that right, you can offer your idea to company. and if they steal it, you could complete your patent issuance, once issued you could sue their ass a lot of money
Hi Stephen and thank you very much for trying to help, I have seen many of your videos and have a lot of positive energy, but unless I can find out how to register my innovation, you do not talk a lot about practical details, for example if you talk in detail and not comprehensively about how we record our innovations.
You don't patent a product for 20 years, you only do it with a patent for one year. And what should I do after a year? I need to patent and have it made for me. @@inventRight My English language it's not perfect. Do you understand I need also development and patent for 20 years and more .Thank you 🎉❤ 🙏
Stephen's book "Sell Your Ideas Without a Patent" will save you thousands of dollars: www.amazon.com/Sell-Your-Ideas-Without-Patent/dp/1507885733/
@Milton Lemons Stephen's award-winning book "One Simple Idea" has been translated into 6 other languages and has more than 500 5-star reviews on Amazon. Incredible! You can purchase it here: www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676
actually i have too much ideas that so simple but it can earn a lot of money... example... honey dropper..
dropper plus honey inside for babies this is brilliant idea
@@chi-net0027 good idea
@Milton Lemons Like how?
@@chi-net0027 I love the way your brain woks but remember children under 2 shouldn't eat honey I believe. Stay Ceative and encouaged!
This was exactly what I was looking for. This video gives me a lot of hope.
Thank you for watching! That's great to hear. We have many, many more resources about how to license an idea without a patent if you are interested. The most comprehensive is "One Simple Idea," Stephen's bestselling book about the 10 steps you need to take to license an idea. It's available in libraries in the United States and on Amazon: www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676. He's also published many videos and articles about this topic. Please let us know how we can help.
@@inventRight need the same done for my residing country India as well, would really appreciate if this can be done!
Hi Franklin, how did it go with your patent or idea?
Hi, let's say that I have a provisional and I sat with a company to license my invention.
What if the company says it's not interested in my idea and proceeds to make a similar product based on my invention? What is my defense then?
I have the same question
Let them do it, it shows you have a great thing. Create Constructive Reduction to practice, and pictures of process and prototyping.
In addition to Actual . reduction to practice. Buy the Book Patent it Yoursef by Patent Attorney David Pressman intend to sell it even if it is small batches. Use it yourself and your associates.
That's a very good question. I submittes to 2 of the as seen on tv reps interviewed by inventrighttv and have not heard anything - yes or no, and it's working on the 2nd week....I've been robbed before but perhaps it's a little too soon...any comments?
you have the provisional application filing date before them, any disclosure in that application is prior art for them, if you dont give up on that provisional
@@SuzieJackson that's not always the case tho let's be honest the world's not genuine 😂
How To Avoid Having A Worthless Patent:
www.forbes.com/sites/stephenkey/2018/10/11/how-to-avoid-having-a-worthless-patent/#55a3471d136f
Very good article, but how can i license to a company that is already in the business ? Is this safe for someone without a patent ?
I've had an idea for quite some time now and have always been afraid or too shy to even begin the process or tell friends about it. After watching your videos I am much more informed and confident in beginning the journey. Thank you both.
Hello Cesar!
We are so happy to see this!
Thank you for watching!
Remember, God gave you a spirit of power.
Very good video (with intelligent clickbait title.) Pragmatic 3-tiered "win/win" royalty strategy: File provisional patent. While status is patent pending ask 5%, if utility patent is granted 7%, if patent not allowed 1%. Propose that agreement includes improvements. Use additional follow-up provisional patents to maintain pending status. Flexible reasonable approach.
Thanks for commenting!
Before You Begin The Patenting Process, Read This: www.forbes.com/sites/stephenkey/2018/07/31/before-you-begin-the-patenting-process-read-this/#4bc6647452f6
Steven I just love your enthusiasm for this topic, I watch your video when I'm feeling frustrated and lost. Coach of the year!
Thank you!
Thanks for posting these, such great info. If you get a chance, could you please give some examples to further illustrate the "big idea vs. small idea" point that you were making? I appreciate all your help.
How to write a provisional patent application that has value in the marketplace: www.forbes.com/sites/stephenkey/2018/03/31/how-to-write-a-provisional-patent-application-that-has-value/#918211552700
patenting provitional us about $125 dollars, but the total and formal patent thing is around $15K. But you know what, if you really invent a great thing nobody ca take i away from you, because all of us know that money makes the difference. A huge company will pattented and steal your idea and even worse you wont be able to sell at all. is better to do a provitional patent is cheap and then follow up and pay maintenance fees. If your idea is not worth it much dont waste the timem but any ways before license go for a provitional patenting and negotiate good royalties
Companies don 't get patents Only individual persons, a human person i nvents. Companies donot get patents people do.
@@gonzooznog8986 That's just outright not true.
My favourite thing about Andrew and stephen is when stephen says something that doesn't sound right to the average listener, Andrew will counter question him so he has to break down what he's saying. If its possible, could you guys do a video on what to do if you get stuck designing a product. Bought your book other day and its a huge thumbs up from me, thanks a lot guys.
This comment was awesome to read, thank you for your support. Yes absolutely, that's a good idea for a video. How are you stuck?
I have a found a great market for a great product. It looks the part, and would work great. My only struggle is, how its going to be manufactured. I've watched how the product is manufactured a 100 times, but find it difficult to add my design in to that process if that makes sense. The process would need adjusting and i think it is possible, but stuck on creating that process. Hope that isn't to confussing. And thank you for your reply.
Write a Provisional and word things as best you can. Make sketches as best you can. If you have a friend or someone close to you, STILL have them sign a Confidentiality Agreement with a general general description of your creation. File your provisional (read the book, "One Simple Idea" for tips on this), then CONTACT companies in that market who will sign the Confidentiality before you discuss your product for the company to license. Get your Provisional Patent, make your Sell Sheet, include the Prov. Patent # on it, have a meeting with the company you are pitching to. Get everything in writing and make a great deal. The book here lists much info. Read it first.
Literally 2 people running their mouth about a subject they are educated/experienced in, on the subject I searched up. Thanks inventRighttv and TH-cam for this easy education.
The guy on the right seems kinda irritated smh. Thank you for this speech though.
Stephen is now contributing to Forbes about intellectual property strategy. Read his first article, "In Today's Market, Do Patents Even Matter?"
www.forbes.com/sites/stephenkey/2017/11/13/in-todays-market-do-patents-even-matter/#564989a356f3
Learning about the PPA from you guys seriously changed the game for me! Such an easy 'step' in the licensing process and it allows you to get in conversations with companies so much faster and start getting product feedback. I actually have been using SmartIP through your site and it's been great so far. Thank you for all the great info and saving me thousands on an IP attorney!
Congratulations on getting in the game! That's big. Thank you for leaving a review of SmartIP.
Thank you for commenting!
-Stephen
I have a Harmonica Players Dream holder its the only one in the world.and it was invented 60 years ago by me when i was 13 years old in 1959
The fact that it's a hassle to invent something or design a variation of something and market it proves to me leadership needs to be altered.
What do you mean by leader ship?
You think, just because you have an idea.. it nessearly belongs to you? - jebadia, iron man.
Bullshit. Patent means hand it to America and feel good about losing on what you made. Not me
Hello... how can I get in touch with Stephen!!!!!!! IMPORTANT😊
Sure
stephenkey@inventright.com
4:34 strategy starts
Sirs, with way rhings are going right now, all the firewalls or whatever has been compromised. It is best to hsng out and wait for it and let it blow. We dont want to step on powerful peoples toes. Respect is the key to co-existence. I hope, wish and pray that in the future, it can happen d2to peoples whatever.
Thanks for watching!
this guy looks Richard Gere
more like Dick Sprocket
@@TrunkMaterial Richard Gere and Chad Lowe!
somali are everywhere. happy to see you here
Billy Connolly.
So I’m just a plant and soil scientist that owns a landscape design and horticulture services company that decided to just make cool shit to provide myself with a niche horticulture market and ended up just making and Inventing things to sell clients when they preordered. Well they are doing very well but haven’t marketed it due to someone stealing my ideas and products. They are complex for the purpose but only because I’m a plant scientist did I know how to make a great horticulture product.
Now what I’m thinking... is I don’t want to wait for a patent!!!
BUT the company I live down the street of is one of the largest producers of a type of horticulture products and they so happen to supply my manufacturing needs... I have to have there help. How do I make a deal with them so they don’t steal my ideas... Cause once you know all the materials I use someone can reproduce it besides the part my friend made software for but even that you can find online by itself....
I’m going to try and patent it cause I have investors who already want to pay for legality of the patent process. That’s the hardest part but my problem is time it takes for complex patents and my urge to produce a few hundred units that’s . So should I still go to them to help manufacture my products In the short term???
Their manufacturing input is only a type of material that is crucial for just the material I’ll have custom made, but not crucial for the complexity of the system although they are a huge company in the horticulture world they innovate and manufacture a lot of products in the same customer base as myself....
Another reason it’s intimidating to patent due to the mechanical complexity of my product. My other product is less mechanically complex but much more complex in functionality and its ability to perform needs of clients but simple in the grand scheme of things.
The reason I need to get patented is the complexity of said product that would sell no problem cause everyone is chomping at the bits to get them includes my friends, family and local businesses/residential clients. So I had someone tell me I should start patenting my creations and sell them... I’m not that type of guy tho...My job and life resembles that of a artist’s life not a engineer or crazy capitalist. Pretty content with just running my lil company in the super awesome field of horticulture services and landscape design. I also have some clients that think My ideas and contraptions are brilliant and have too much money\time. I think people believe I’m just a entrepreneur/opportunist that started a landscaping company after high school but no one believes I have 8 years of plant sciences classes of knowledge and insane passion for Plants and ecology knowledge. I see nature as art and like painters my canvas is the environment I’m given and my paint is the ability to know what plants need and colors they will produce during every season and the shape...That’s how you manipulate and control the environment and instead of a paint brush I use rocks and trimming to highlight and bring focus to the most beautiful parts of the scenery. In a way you forget it’s a garden and instead just admire the way everything blends and how it feels... Now that’s art! So yeah... I like to manipulate nature to create art of living things and I have ideas\product that you can’t find readily or at all. These are just tools to help people like me to create art from nature
Did all this because I have made things DIY to fix my niche work but would be great for home owners and professionals. One is a simple but awesome plant water can and one is a system that is sold for assembly and is modular so you can add to it and horticulturist and interior designers would be chomping at the bit for this system. Both are very complex I even have a friend designing software only thing is I still have to find a few materials like pumps, filters, and chemicals that I have to link up with horticulture manufacturers that I don’t want my ideas and design but they are crucial for making my products a reality.
Got stoned and kicked in mid comment writing lol
Thank you. You should call us! We can help.
-Stephen
if you make a u tube video showing and explaining your idea, Doesnt that prove that you are the original creator of that invention.. because it has an upload date .ALSO what if you started selling it on an ETSY online store... would that protect the original creator ?
No, that wouldn’t protect anyone. Today it’s very hard to protect an idea, but you should file intellectual property first before you do any disclosure.
-Stephen
That may have been the most important 15 minutes of my life.......I will follow up with you in about a year.....Keep the channel open.....:)
So hows it going????been 1 year
Not going very well lol. They punched him in the face and took his idea cause that's what large companies do to people.
I think I'm going to need to watch this one twice:)
I've read the book twice - Love keeping up with the videos to stay sharp. These are great - thanks!
Thank you for your support!
inventRightTV whats the name of the book?
I brought your book. A lot of what you say in the book sound good, but does not work in real life. I spoke to a lawyer they told me you cannot sell a provisional patent. All a provisional patent is a placeholder. The only time a company will buy is if you have a Utility Patent,
That's 100% false. Our students sign licensing deals all the time with just a PPA. On the other hand, it makes sense that a lawyer would tell you that you need their help right? Follow us on social media to read about a new success story every week.
Is there anything one can do to stop and multibillion dollar corporation from creating a profitable product from your idea without your permission or providing you with any compensation. As well as selling it at a far lower cost than you could, along with free installation, free repair and regular maintenance checks for the life of the product, which also is at a greater cost then the your entire income from all sell before subtraction operating costs (so you already can't compete due to accessible liquidity). Then once you start to contest this illicit profiteering from the theft of your intellectual property they're access to legal avenues you soon can't continue to keep up with; they force you into bankruptcy with countersuit after countersuit, bringing lawsuits with accusations from slander to defamation to reperations and so on. They bring as many as they can in many separate courts in as quick succession as they can until you can no longer afford legal representation of all of these different cases in different courts possibly in different states of countries where you require lawyers licenced in different areas of law in different locals?
Nope. Stay under the radar until you are prepared for that world.
Really wana believe but idk you guys Tryna sell us a book , you consultations is 300$ and course for 4K
Just get the free information!
Amazing video again thank you guys
If you want to learn more about how to protect your inventions, please check out this new channel.
th-cam.com/video/o_9eo0dVg-0/w-d-xo.htmlsi=PhGeR8YLv-m-kOz7
will you ever need the patent?
Yes, for ideas that require capital and time.
-Stephen
Theses beautiful guys are my garden angel an I am today old of being officially hff happy an wealthiest woman because of theses two kings
The hell are you talking about lady
@@Xost1425637 Lol!!!!!!
@@Xost1425637 😂
It’s 2023, does this information need to be updated?
Regarding this information, things are about the same. Companies need ideas. And you don’t need a patent, but you do need a well written, provisional patent application. Always include manufacturing techniques and any work around and variations to your PPA.Thank you for asking this question.
-Stephen
Watching your videos gives me the chills we as humans have so much potential
That's beautiful!
Weirdo!
Can you get provisional patent application in uk pls? Thank you
Our cohost Andrew is going live today at 4pm Pacific to answer your inventing and licensing questions - that's a great time to get your question answered! Save the link to join the live: th-cam.com/video/-GuVJ5qTo5w/w-d-xo.html
He goes live every Monday at 4pm Pacific.
Like the smiling faces.
Welp 1st 5min told me I have to get an actual patient😊 dang
Watch the whole video
1:58 & 2:06 I picked up my iphone and saw no new messages! :D
lol!
Create an idea
File a PPA
Contact companies to sell your product for royalty?
For 1% royalty... fuck that... This video isn't generic patent/licensing advice... they should have specified which industries it works better for...
Is there any equivalent to a Provisional Patent in Europe?
Thank you gentlemen. 2 thumbs up !!!! Excellent!!
Thanks for watching! If you're new to our channel, you may enjoy checking out Stephen's book "One Simple Idea," which is in many libraries in the U.S. as well as on Amazon: www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676
I love watching these!
I have to say, with so many videos out there one is always inclined to assume there is a lot of babble and not much real content. This however, when one listens to it all, really does make sense, it's rich in content and has confirmed thoughts I have had and more importantly warned me of critical aspects. If one is looking to patent something, this really is good free advice. Most grateful. In my case especially since I have in fact both scenarios, one small domestic device with a functional prototype already working, (the provisional will do me to get that to market asap) and a second much bigger thing where I need to go to industry along with a heavyweight business angel as I suspect it could be a feature that won't go away for a very long time in one of the biggest industries around. Very good. Many thanks for this most informative video!
I've just ordered the book...
Thank you for your support! Let us know what you think of it.
You're welcome. Thank you for the kind words, they are appreciated.
Do not Stop?
This is the most exciting video of yours I’ve seen so far. THANK YOU! It makes me angry how so many people overcomplicate this subject. You guys simplify it! Us inventor-types NEED the approach that you offer. Just bought the book. Excited to absorb it all.
Glad it was helpful!
you don't need a patent to license your idea. but what happens when the provisional patent runs out after 1 year?
That's a good question. You have several options. Please check out Stephen's article "What to Do When Your Provisional Patent Application is About to Expire": www.inc.com/stephen-key/what-to-do-when-your-provisional-patent-application-is-about-to-expire.html
If you don't have the patent the company that is examinating your idea could say: thank you for the idea and then they could copy your product and you would finish with zero coins in your pocket.
Technology ideas welcome as well?
Yes you can work on tech ideas. Of course. - 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/ )
Hey guys, I’ve got an idea for a new bbq grill that I haven’t seen anything like it on the market. I’ve built a model & will be soon building a prototype. I’d like to talk with & meet with you guys about my next steps. I’m not interested in manufacturing it, my interest would be pitch its concept to some major grill companies to see who would give me the best business offer to own this new idea. Looking forward to working with you guys & putting together a plan that protects me & my new idea.
Thanks in advance!
Thank you
When licensing while provisional is still pending, is it possible to structure license agreement to transfer costs and responsibility of filing related utlity patents to the licensee? If so, what impact might that have on the 1%, 5%, 7% typical royalty schedule you suggest?
This is a great question.Negotiating where your licensee pays for the intellectual property is a strategy we use all the time.
But I would never transfer responsibility. You have to control this yourself.
@inventRightTV Thank you. Transferring costs while retaining responsibility/control makes good sense, insofar as there is an inherent conflict of interests.
so when the 1 year provisional patent expires, you can keep renewing that same provisional patent as many times needed?
We have written articles on this - we cannot share them here due to TH-cam rules. Please Google for them!
@@inventRight ...thanks
Stephen Key is really the key to so many things.
Thank you!
-Stephen
Yes how I get payor get protected
I don’t understand your question.
Hey guys this is really gud and a major relief to me, i'll go ahead with my plans and if it works out right, after following ur advice i'll personally come shake ur hands as i give you my testimony and of course thank you.God willing.
Best wishes!
This is the first video of yours I've watched. Thank you so much for the great info. I've made the first prototype of my product yesterday and l am now in search of my next step.
I highly recommend picking up "One Simple Idea" it has all the steps you need.
@@stephenkey3137 Yes, I've purchased your book after watching another one of your videos. I'm currently reading it again for the second time. I hope to have enough research done by January to start calling companies.
But the book Patent it yourself by David pressman Nolo press.
@@andre1dre I bought it and am reading it also. Lot of information. This is all completely new and intimidating to me.
andre1dre Hello Andre. Just saw your post here from a year ago and I’m wondering how things are going with you trying to get your product marketed?
This was a very
informative video. However, people need to be aware that the
United
States Patent and Trademark Office website is insecure. In
Firefox,
look at the uniform resource locator (URL - "address bar")
and notice the gray padlock with an exclamation point inside of
the
orange triangle. The click on the gray "i" immediately to
the left of it, and you will see: "Connection Is Not Secure."
Other browsers will be different. Chrome, for example, shows a
grayed out URL but with the same gray "i" for information
icon that will tell about the insecurity of the website. Look at
he
Inventors Assistance Center at
www.inventorsassistancecenter.biz/help-with-your-invention.
under
the heading, "Why
we file with IP
Australia".
There
is a link to a report, "The
gaping security hole in a US Government website".. I
recommend this for everyone wanting to file a PPA.
What happens if you do research to see if a patent exists on an idea, don't find anything, then file a provisional patent, get the idea licensed, then have someone with a patent or patent-pending claims you are using their idea?
It is extremely costly to pursue patent infringement claims. So, unless the product in question was making the inventor/company a lot of money, this is a unrealistic scenario. This is one reason why we recommend starting your market research by searching through Google images (to see if there are similar products on the market), not just a prior art search.
SO, lets say i make a PPA and start selling my product but two years of making money someone says that YOU stole their idea that has been previously PPAed ... what then?
1 question, um am I missing something.do I need a ppa, or a full ppa ,application ,for a big wall of patents idea!, that won't fade or go down once up in the market this time.seems u.s.patent office only allows only 500 patents of a single idea!.ive millions of idea,s to a single idea.thats not fair for the economic incline in world ,stopped by this law.well hush my mouth ,an reply plz.☺🕊 p.s. im for real.look up infj an you will know me.
Great video! The format is a little strange though, Are they business partners? When they correct the one guy corrects the other, it's a little awkward.
They both run their institute. I like their format, they make it attractive and they are selling you their product.
Who is us? The defined servitudes? I have spent 5 minutes listening and steve keep references to a book he has written. A big evangelical fkr big corporations
Hey guys, I loved this. Thanks keep up the good work
Thank you! Will do!
My products is there, I just need my machine to be build, I don’t need the patent until I make some sells, because my machine is gonna cost a lot and needs a lot of patents. I just need a provisional application, need help. While I’m making my product to sell it. Need help
i have 2 ideas one is an improvement and simple to use and the other is used for same kind of work and attaches to same place as the other but theirs nothing out their like it and i made them for my own shop use and thought i should try to put these on the market and see how it goes but the cost and fees kinda smacked me down a little bit do this was helpful to know to keep the vultures out of my pocket 👍
This Stephen keys energy is just not running me the right way he always gives a bunch of fluff. He never gives you any other info rather than this provisional patent.
Very interesting. Thanks for educating on provisional patent. Very helpful. I'm glad I came here first.
That is very risky. Why should they pay a million dollars for your unprotected idea when they can just use it? If the value of your idea is in its trend building and development then avoid leaving behind any prototypes.
Is it possible for a non US citizen get a ppa ? I didn't really understand what Stephen explains about the royalty rate. Does he mean the royalty one should ask for? It sounded like this 7% if the product has a patent and 5% if it is patent pending but he also mentions 1%.
Hello!
Thank you for watching!
To answer your question, anyone in the world can file for a PPA.
As for the second question, there is no such thing as a set royalty rate, because every industry and every agreement is different. If you want to read more about what an idea is worth and how to calculate an approximate royalty rate, feel free to check out our Inc. article on the subject: www.inc.com/stephen-key/what-s-your-invention-worth.html.
1% if doesnot get patent.
How is first to market more protect than owning the patent on a product?????????
What if I don't want to sell my idea to a company, but crowdfund to generate capital for my idea?
Ok what if you don’t want to sell your idea to anyone what if you want to make inventions that you own and you start your business with. Would I still need a Patton for that? Or can I just get away with using a license
Also why does it take so long to patten it like they don’t want us to have good ideas it’s fucking bullshit
OH WOW LOL.
“Does everybody understand that”
Interveiwer responds in a monotone voice.
“Yeah I get that. Yeah that’s great advice.”
Like who cares.
What he said there was SO IMPORTANT if you break down the math and mechanics of what he said!!
I can not emphasize that might of been the best nugget in whole bunch of treasure he spoke!
Go back and rewatch and rewind and grab a pen and paper and figure out what he is saying and why. You’ll be glad you did
Q design Patton as well
Design patents can be important.
-Stephen
Great video! Thanks for the information.
Ooh I thought Patton meant to make the label/logo/name legally yours🤦🏽♀️
This latest video that I have watched of yours blew the doors wide open on an idea that I have that is very time-sensitive
If u have PPA filed b4 u show ur idea to a big co. or other people have them sign NDA non disclousure Agreement! but if u think u have a product invention u think that can sell for more than 20 yrs or more better get a patent pay Prioritize so it will be expedited by the PSPTO! mine i did hire an Atty to Patent my product, now a days 6 to 12 months ull get a patent! Called track One ur Atty knows that...
Can I speak with you guys or one of your representatives? I don't have international calling but can we arrange a video call. I am willing to compensate u with payment for your help also interested in becoming a student or whatever. But first I want to know what u guys plan on taking? Royalties later or what?
Also wanting to know free options as I have 50+ ideas kickin
Like I think it's a genus book of world records to invent that much and patent at 1 given time
We do not share royalties with members of our coaching program. What you earn, you keep!
@@inventRight are there any fees. Send me the info
So what about the PPA After a year?
That’s a very good question. Do you have one year to determine what to do next? Is there interest?
What if you are fist to market and it transpires there are possible previous patent infringements of the invention?
'A patent assures there is a libel free road to market
I appreciate the info but sometimes don't understand what your saying lol. It's maybe too advanced for me
Will this process work for international patents also just to get started
About how long does it take for a ppa application to go through the verification process of their offices also how long will it be pending for before the ppa becomes set in stone
The USPTO does not read provisional patent applications. You have 12 months to decide if you are going to file a non-provisional patent application. Learn more: www.inc.com/stephen-key/what-to-do-when-your-provisional-patent-application-is-about-to-expire.html
Yes it takes time but you can start selling your idea after making a patent application = 3 months
Dont waste your time these guys just want to sell their books and there products
so if got that right, you can offer your idea to company. and if they steal it, you could complete your patent issuance, once issued you could sue their ass a lot of money
Thank you for this, I know now what I must do.
A patent provides hope that others can't copy your invention if it sells well.
Hi Stephen and thank you very much for trying to help, I have seen many of your videos and have a lot of positive energy, but unless I can find out how to register my innovation, you do not talk a lot about practical details, for example if you talk in detail and not comprehensively about how we record our innovations.
Im trying to contact bit companys but its hard sry for the bad English
I really have 4 amazing ideas. Know that they would sell
what if i dont want to sell my idea?? I want to create a business. how will i go about it??
thanks guys i now own all my RIGHTS to my music all my masters n publishing's
you didnt teach HOW to do it.. sheesh what a waste of time
Who is the co-host in this episode? I’d like to subscribe to him as well
Why without patent?
I want patent for my Inventions.
Then you should.
-Stephen
You don't patent a product for 20 years, you only do it with a patent for one year. And what should I do after a year? I need to patent and have it made for me. @@inventRight
My English language it's not perfect. Do you understand I need also development and patent for 20 years and more .Thank you 🎉❤ 🙏
@@inventRight I have few couple of my ideas 💡💡🔌 Inventions.