How to license your product ideas

Learn how to make money from your ideas.

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Hi, this is Stephen Key and Andrew Krauss. We are here to help you make money from your ideas. We started our company inventRight over two decades ago to teach people how to license (aka rent) their ideas to companies in exchange for royalties.

This process is called “product licensing.”

On our channel, we show you exactly how you to take an idea and license it to companies in exchange for passive income.

Today, you do not have to start a business to make money from an idea.

With product licensing, you don’t have to write a business plan, raise money, manufacture, market, sell, or distribute any longer.

If you have a product idea and need some help, please contact us at:
Phone: [phone]
Toll Free: [phone]

Email us:

Learn how to start a business, how to become an entrepreneur, how to protect intellectual property, how to patent an invention, how to stop people from stealing your ideas, how to prototype an idea, how to contact companies looking for ideas, how to design a product, how to make a sell sheet, how to make a promo video, how to negotiate a licensing agreement, how to get a higher royalty rate, how to do market research, and how to work with inventRight.

Stephen Key and Andrew Krauss are the cofounders of inventRight, a coaching program for entrepreneurs that has helped people from more than 65 countries license their ideas for new products. They are also the cofounders of Inventors Groups of America, an organization that hosts a free, popular monthly educational meeting for inventors online. They have more than 20 years of experience guiding people to become successful entrepreneurs.

inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.

Reference on this video to any specific commercial products, process, service, manufacturer, company, or trademark does not constitute its endorsement or recommendation by inventRight, LLC or its hosts. This video may contain links to external websites that are not provided or maintained by or in any way affiliated with inventRight, LLC. Please note that the inventRight LLC. does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

[lorindapeterson]

Hi Stephen !!! Listening and loving it !!❤

[ImbentongBentongTrimond]

Keep on commenting and liking guys it helps inventors and aspiring inventors like us find this platform thru YouTube algorithm!

[tacklengrapple]

Hasbro’s Spark portal is basically a contract you sign that states that in the event you get a licensing deal for your product submission that your royalty rate will be NO MORE than 1.5%.. meaning it could be even less. This is WELL below industry standard, and you have essentially pre-signed a contract before your product is even accepted. It’s hard to describe without swearing how low down, dirtbag lawyery this is for us inventors! Mattel’s says the same thing. If there’s a back door into these two biggest companies I’d love to know, but I’ve also read that the people in charge dislike when inventors skip the portal.

[johnmelkonyan]

InventRight is doing a great job to educate inventors. What I would like to know if you can license your product to more than one company and also how much does it cost to become a student
Thank you in advance for replying to my questions

[devis_v_ssha]

well if it isn't two of the most smart qualified men on the planet creating another great show, question: what platform to create a sell sheet.

[waltermedeiros]

Great show
Would your program process work for Canadian inventors?

[honeybeebusywhatsallthebuz]

My question is will they need to sign a non disclosure for your idea to protect your idea ?what documents do you need first ?

[Kelleynolimit]

When should you file Intellectual Property vs a patent or utility patent?

[andrewforgie]

Worth my time! Super grateful! 🙏🏻🙏🏻🙏🏻

[pageofmoskof]

Hello, I have been watching your videos thank you for the precious information. I didn't come across it yet and I was wondering what you would suggest about beverage licensing? Which would be the smartest way to do it? would be great if you can make a detailed video about it. Thank you again

[mariejke]

Belated question, what is the best trade show for an invention that is simultaneously office furniture and sports equipment?

[theresamoleski]

Great information delivered with great energy!

[jacob]

Hey guys, I'm trying to find your video where you spoke with the CEO of an international hardware company but haven't been able to, can you help me out please?
Thank you

[Awakemorethanmost]

Hello. I have an idea and an actual working prototype that I use daily. I am a Commercial painting contractor. My product saves time in my occupation. As we all know, time is money.

[chrissmit]

Hi Andrew, sure happy discovering your channel.

[bacanyork]

Good morning how can i licences my new tool idea before showing to the tools companies

[peterhellyar]

hellooo I have at least 20 inventions, two of which I am currently working on, I am blessed with ADHD so the paper work is a struggle, is licencing an easy thing to do????

[genevajohnson]

What if you sent your idea?I reached out to them with your idea and you see it the next day or month later on TV.Can they take your idea about using the midnig it to them when you reach out to the companies

[elaineadolph]

Thank you for this insightful Podcast .❤️‍🔥😂

[Helen-qjpm]

How do we license our product? Do you have a book on this?