How To Make Money From Your Invention
Invention, my dear friends, is 93% perspiration,
6% electricity, 4% evaporation, and 2% butterscotch ripple.
Willy Wonka
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Think Smart: You Can Make Serious Cash From Your Invention This WayLicensing your invention out to companies, manufacturers or resellers can be your lottery ticket. But the process isn't for the faint of heart. Find out how to win in your licensing deal.
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Turning A Profit
9 Steps: Turn Your Idea Into a Product & Profit
Here is a general overview of the process inventors undertake when they have an idea they want to commercialize and ultimately sell.
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6 Steps To Profitable Invention Sales
By following these 6 steps, inventors can understand how to safely, confidently, and effectively break through the glass ceiling by selling their idea for a profit.
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Invention Licensing And Collecting Royalties
A crucial step in the invention process happens after patents and prototypes: You have to sell it for money (aka "invention royalties"). This is how you license and profit from your invention idea!
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3 Solid Ways To Make Money From An Invention Idea
How does one go from a simple hobbyist to profitable inventor? Here are a few ways you can take your invention idea and turn it into a cash profit.
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If you have an invention and think you're ready to take it to the next level, we're here to help every step of the way
Marketing. Retooled For Inventors.
Brainmusic: One Of The Best Kept Secrets In Marketing
The actual invention isn't everything. Inevitably inventors have to sell the product, and there's no one better to do it than you! Here's some great marketing advice for inventors
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Invention Marketing: Something Old And Something New
Inventors aren't necessarily marketers. Yet when you've got a new invention or product, getting the word out to the right people is imperative. Here is a marketing strategy to help you get started.
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From Idea To Patent To Successful Product: 3 Steps To A Path Less Strewn
(Part 3 - The Business Plan)
Part 3 of this series, "From Idea To Patent To Product," is about putting a marketing strategy, business and sales plan together to promote and launch your invention or product
Challenges Inventors Face On The Road To Financial FreedomInventors face adversity at every step in the invention and patent process. If you're not careful, the financial upside of your idea may never be realized - so look out for these things.
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Invest In Your Idea. Get Funded.
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The Fastball To Success: Pitching Investors Your Invention IdeaInventors don't always have the financial might to invest in the future of their products. Can crowdsourcing be a means to an end when it comes to prototyping, developing your idea, marketing or more?
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Crowdfunding For Inventors: Are Crowdsourced Funds The Right Path?A key step in bringing invention ideas to market is getting funded by investors. Here are some tips on how to get the attention of an investor and slam the investor pitch for funding
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Ready For Product Liftoff?
3 Steps For Inventors To Launch An Invention As A ProductOnce your intellectual property has been secured, many inventors plan to push products into market. Here is a 3 stage product launch roadmap to help you get started.
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Thoughts On Turning Your Invention Idea Into Cash
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Regardless of what you've decided to bring to the world, the invention process comes to fruition by stringing together milestones. As an inventor, the more you begin to pull these important waypoints together, the more your dream begins to feel like reality. Initially, the milestones are coming up with an idea, developing and documenting it, prototyping, and getting a patent to protect your soon-to-be invention. Once you've celebrated your patent (and you should celebrate the feat) and completed/tested your prototype, the process starts to mature even further. Beyond the prototype you'll have to look into either selling, manufacturing, or licensing your now-patented, now-prototyped invention. For help with making the right choice you can contact us. |
