How to License or Sell Your Ideas; 7 Steps to Making Money by Licensing or Selling Your Ideas to Companies

How to License or Sell Your Ideas; 7 Steps to Making Money by Licensing or Selling Your Ideas to Companies

Author: Matthew Yubas

Publisher: Broadword Publishing

Published: 2013-10-06

Total Pages: 42

ISBN-13: 0972552197

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Learn how to make money by licensing or selling your ideas to companies. This guidebook takes you through a 7-Step process to license or sell your ideas. Based on 24 years of experience, the easy to read guidebook takes you through the important step-by-step procedures to sell your ideas for a payout or license for royalties. You’ll discover: * The Process - The 7 step process to selling or licensing for royalties and advances. * Where To Look - How to find companies, and how to approach them so you don't get rejected. * Making Contact - How to contact companies, getting the right person on the phone, what to say, and not to say (includes a phone script). * Company Interest - What to do when a company is interested. * Negotiating a Deal - The process to negotiate a deal and create a win-win outcome. * Royalties - Learn how much royalties you can earn, possible advances, and getting companies to pay for patents. * Agents and Consultants (Product Scouts) - How to work with Agents, what they expect, and where to find them. * And much more. The material is clear and concise. There's no fluff, just straight to the point facts. Matthew Yubas


One Simple Idea: Turn Your Dreams into a Licensing Goldmine While Letting Others Do the Work

One Simple Idea: Turn Your Dreams into a Licensing Goldmine While Letting Others Do the Work

Author: Stephen Key

Publisher: McGraw Hill Professional

Published: 2011-03-11

Total Pages: 257

ISBN-13: 0071761284

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Turn your great idea into millions—without lifting a finger! Yes, a good idea is enough to build a fortune! Too many people think production, marketing, and distribution are essential to the entrepreneurial process. As One Simple Idea shows, you can hand these tasks off to others—and make big money in doing so. Stephen Key, a highly successful entrepreneur whose creations have generated billions of revenue, offers the simple, effortless secret to success: license your simple idea and let others do the work. Breaking down the process of generating and licensing a product idea to a large company, he explains why you don’t need to reinvent the wheel: Simple improvements to existing products can be very successful endeavors—and the most lucrative. The old method of bringing products to market through prototyping and patents doesn’t work anymore. It’s cheaper and more profitable to do it Key’s way. One Simple Idea gives you everything you need to tap into the marketing and sales power of partners and licensors for maximum profit.


Profit From Your Idea

Profit From Your Idea

Author: Richard Stim

Publisher: Nolo

Published: 2020-08-19

Total Pages: 457

ISBN-13: 1413327923

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All you need to protect and profit from your invention You’ve got a great idea and you’re ready to strike it rich. Now, you need to find a company or partner you can trust, hash out a fair licensing deal, and get your idea to the marketplace. Profit From Your Idea will help you negotiate and draft a licensing agreement that protects your interests and maximizes your chances of earning a profit. With this all-in-one guide you’ll understand how to: navigate the licensing landscape protect your intellectual property rights sort out ownership rights work with licensing agents protect confidential information find and solicit potential licensees license overseas reveal your invention safely, and negotiate and update an agreement. The 10th edition is completely updated with the latest developments in licensing law and patent filing rules, and covers industry-standard Fair, Reasonable, and Nondiscriminatory (FRAND) licensing terms. With Downloadable Forms: download forms including license agreements, assignments, joint ownership agreements, and many more (details inside).


Become a Professional Inventor

Become a Professional Inventor

Author: Stephen Key

Publisher:

Published: 2020-01-15

Total Pages: 488

ISBN-13: 9781653786251

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You have decided the job of your dreams is to be able to share your creativity with the world while creating a nice income. You long to see your product idea come to fruition so you never have to work for anyone else again. Stephen Key has been living this dream for over 30 years and has provided the roadmap for others in his best-selling book about licensing inventions, One Simple Idea. One Simple Idea has helped thousands license their product ideas. Stephen has reinvented the inventing process. Forget the patents, forget the prototypes, forget starting a business. Sell the benefit first instead! Today it's all about selling first and selling fast. His roadmap for licensing success is now being taught in major universities. Become a Professional Inventor is the follow-up to One Simple Idea because people are now asking... I love being creative and I want to do this for the rest of my life, how can I become a full-time professional inventor? How can I go from amateur to professional full-time inventor? What industries create the largest revenue? What is the best way to work with these companies so I build a successful long-term relationship? How can I license even more products ideas? Why aren't companies getting back to me? How do I get the highest royalty rate? Why are my product ideas getting rejected? What type of protection do I actually need? What is the best way to submit my product ideas? How can I tell if a company is truly inventor friendly? How do I use non-disclosure agreements? How do I license ideas without any intellectual property? How do I negotiate a licensing agreement to make sure I get paid regardless of intellectual property? For the first time ever, Stephen has uncovered the consumer product licensing industry from the inside. He has interviewed 28 leading experts across 17 different industries, as well as professional inventors, to share their knowledge with you -- so you too can now become a full-time professional inventor. Here are a few industries included in this book: Kitchen Hardware Automotive As Seen On TV Pet Dental Hospitality Toy and Game Cannabis Novelty Gift Health and Beauty and more! Stephen peels back the curtain to give you an insider's guide to how companies evaluate your product submissions so you can become a professional inventor. Also included: Sample Sell Sheets Sample Non-Disclosure Agreements Sample Term Sheets Sample Licensing Agreement Sample Calling Scripts Sample LinkedIn Contact Scripts


One Simple Idea for Startups and Entrepreneurs: Live Your Dreams and Create Your Own Profitable Company

One Simple Idea for Startups and Entrepreneurs: Live Your Dreams and Create Your Own Profitable Company

Author: Stephen Key

Publisher: McGraw Hill Professional

Published: 2012-11-02

Total Pages: 281

ISBN-13: 007180045X

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From award-winning entrepreneur, inventor, and business owner Stephen Key comes the highly anticipated follow-up to his bestseller One Simple Idea Stephen Key is back, and he’s delivering a proven, straightforward process for starting, growing, and running a business—without the need for an MBA or millions of dollars in funding. Key draws on his own experience as a billion-dollar inventor to offer how-tos and other takeaways you can use to get off the ground and into the black. Case-studies of his most successful students and other innovators further underscore “key” principles from the book, while strategies for testing, protecting, and marketing a product make it easier than ever for you to follow achieve your business and life dreams. Stephen Key has successfully licensed more than 20 simple ideas that have generated billions of dollars of revenue. The course he teaches has attracted more than ten thousand students around the world.


How to License Your Million Dollar Idea

How to License Your Million Dollar Idea

Author: Harvey Reese

Publisher: Wiley

Published: 1993-10-01

Total Pages: 240

ISBN-13: 9780471580515

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A thriving inventor succinctly explains how to take a product or service concept and reap profits without the risk of going into business for yourself by licensing the idea to others. Offers indispensable advice on creating an idea, researching the competition, getting patents, finding prospects and negotiating the deal. Features examples of successful licensing ventures. Includes patent forms, disclosure statements and licensing agreements.


How to License Your Million Dollar Idea

How to License Your Million Dollar Idea

Author: Harvey Reese

Publisher: John Wiley & Sons

Published: 2002-07-09

Total Pages: 244

ISBN-13: 9780471204015

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Successful new product developer Reese reveals his system for creating commercially profitable ideas and his secrets for turning them into lucrative agreements.


The Startup Checklist

The Startup Checklist

Author: David S. Rose

Publisher: John Wiley & Sons

Published: 2016-04-25

Total Pages: 325

ISBN-13: 111916379X

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25 Steps to Found and Scale a High-Growth Business The Startup Checklist is the entrepreneur's essential companion. While most entrepreneurship books focus on strategy, this invaluable guide provides the concrete steps that will get your new business off to a strong start. You'll learn the ins and outs of startup execution, management, legal issues, and practical processes throughout the launch and growth phases, and how to avoid the critical missteps that threaten the foundation of your business. Instead of simply referring you to experts, this discussion shows you exactly which experts you need, what exactly you need them to do, and which tools you will use to support them—and you'll gain enough insight to ask smart questions that help you get your money's worth. If you're ready to do big things, this book has you covered from the first business card to the eventual exit. Over two thirds of startups are built on creaky foundations, and over two thirds of startup costs go directly toward cleaning up legal and practical problems caused by an incomplete or improper start. This book helps you sidestep the messy and expensive clean up process by giving you the specific actions you need to take right from the very beginning. Understand the critical intricacies of legally incorporating and running a startup Learn which experts you need, and what exactly you need from them Make more intelligent decisions independent of your advisors Avoid the challenges that threaten to derail great young companies The typical American startup costs over $30,000 and requires working with over two dozen professionals and service providers before it even opens for business—and the process is so complex that few founders do it correctly. Their startups errors often go unnoticed until the founder tries to seek outside capital, at which point they can cost thousands of dollars to fix. . . or even completely derail an investment. The Startup Checklist helps you avoid these problems and lay a strong foundation, so you can focus on building your business.


Secrets from an Inventor's Notebook

Secrets from an Inventor's Notebook

Author: Maurice Kanbar

Publisher: Council Oak Books

Published: 2001

Total Pages: 220

ISBN-13: 9781571780997

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When the fuzz from his sweater was pulled off by a brick wall he was leaning against, Maurice Kanbar had a brainstorm. Soon he had patented, produced and successfully promoted the D-Fuzz-It sweater comb, and made his first fortune at the age of twenty-two. In this engaging “master class” Kanbar’s real world hits and misses illustrate the concrete steps every inventor must follow to successfully take his product to market.


Idea to Invention

Idea to Invention

Author: Patricia Nolan-Brown

Publisher: AMACOM

Published: 2014-01-09

Total Pages: 290

ISBN-13: 0814432956

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Discover the tricks of the trade that helps ordinary people learn how to look at their world through the eyes of an inventor. You don’t have to be a mechanical genius to be an inventor. Chances are, you’re already at the all-important starting ground every inventor begins at--wishing you could find a clever solution to an everyday challenge. The far-too-complicated baby swing. Slick-soled running shoes. Computer cords constantly tangled up...there can’t be a solution unless there’s a problem. Author and inventor Patricia Nolan-Brown has turned many common annoyances into ingenious and money-making products, and she believes you can do the same. In Idea to Invention, you will learn the six simple steps it takes to go from idea to invention, and discover: Creativity habits that spark invention The power of tape-and-paper prototypes to refine their vision How to navigate the ins and outs of licensing and patenting their product The pros and cons of finding a licensed manufacturer vs. running a home-based assembly line How to promote their invention Product enhancements that add years to shelf life From the everyday challenge and your initial concept to resolve it, all the way to the explosion of your thriving business, Idea to Invention simplifies the invention process and gives creative thinkers the competitive edge they need to achieve the success their amazing ideas deserve.