Want an exciting alternative to going into business? It's not for everyone, but it's the best way to offset start-up costs associated with manufacturing and marketing.
In fact, inventors using this approach know that licensing is by far the easiest way to finance your invention. Licensing is right at the heart of the From Patent to Profit way, and no one knows it better than us. Bar none.
Today, more than ever, licensing has become one of the primary strategies successful inventors use to finance their inventions. In other words, they "use other people's money".
What is a license?
Simply stated, patents give you the exclusive right to manufacture, use and sell products falling under its scope. In turn, a license conveys those rights to others. A patent owner conveying rights is called the licensor. The company receiving the rights is the licensee. The agreement between the parties is called a license.
An invention must be professionally presented to prospective licensees. In order for a licensee to consider partnering, an inventor needs to qualify the moneymaking facets of the invention prior to presentation. When making presentations, a professional prototype will most likely be required.
There are also licensing agents. However, beware! Don't make the mistake of thinking that invention companies will get the job done...unless you like a pathetic 1/10 of 1% success rate. Serious licensees discard 99.9% of offerings made by invention companies anyway.
Qualified licensing agents are usually active within a few specific fields. Should you decide to hire one, just check out to see if they've licensed any major products. If not, turn and run the other way.
How do you package an invention for license?
If licensing sounds appealing to you, you've found the right place. The From Patent to Profit home study kits will show you how to professionally package and present your invention to qualified licensees.
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There's only one reason a licensee wants your invention And it is soooo easy to qualify up front! It only takes a few minutes of conversation to know you're on track, and doesn't cost anything to find out...(more) |
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