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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
How do I license my idea to a company?
Consider the Amount of Work You Want to Do. Research Other Patents. Find a Small Improvement. Don't File Too Early. Consider a Provisional Patent. Be Your Own Expert. Find Your Market. Create an Ad.
How do I license my idea?
Focus on making a small improvement to an existing idea. Quickly create a rough prototype. After studying the market, get expert intellectual property guidance. Hustle hard at the right trade show. Continue establishing perceived ownership over your idea. Fight hard to ensure your product is a success story.
Is licensing a good idea?
It's the best option for people who don't have the time or money to invest up front, or have more ideas than they can afford to invest in. For many people and products, licensing offers the best balance of characteristics.
How much money can you make licensing a product?
It's creativity and productivity on your own terms! Having this type of freedom and flexibility in your life is worth more than money to many of you. And you may not become a millionaire, but you can easily earn $50,000, $100,000, or even $200,000 per year from licensing your ideas when you play it smart.
Can you sell an idea to a company without a patent?
Yes, you can sell an idea to a company without a patent. However, the company needs to enter into a contract such as a nondisclosure agreement (NDA). Otherwise, they can steal your idea. Unfortunately, many companies will not enter into an NDA.
How do you sell an idea to a company without them stealing it?
Apply for a provisional patent form the USPTO. Maintain an inventor's logbook. Target companies in your field that do not already sell a similar product and approach them about licensing. Use an intermediary firm. Network with other inventors for contacts. Attend state and national invention conventions.
How do you patent an idea and sell it?
Take the Money and Run. Licensing Rights. Self Help. Selling or Licensing Options. Direct Contact: Make a list of manufacturers and potential users of your invention.
What is a poor man's patent?
A Poor Man's Patent. For those of you who are not familiar with it, a poor man's patent involves mailing a description of your invention to yourself in order to authenticate a date of invention for you by the Post Office. The proof is in the sealed envelope and the date the postage was cancelled.
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