Patents Explained - How to make money from a patent

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"Hi Evan, recently discovered your You Tube, video's giving help to young entrepreneurs. Must say they hit the mark. I myself have developed a patent, It went through all the Patenting etc. The thing is though that to make my product work, I need to do a mass manufacture and hit the market as hard as possible, my product is not expensive, but to purchase/manufacture that many units is very expensive. And to only purchase low quantities would not be cost effective. What would you suggest is the best solution: Sell my patented product (With working samples and proven concepts) or try to get more investors or Try to franchise to reduce capital needed to start the business. I just want to know if I do sell, what would be the best approach sell it to an already existing company in the same industry?
Frans Jaco Willemse"

[iamURHO]

Thank you. You're on my list of top channels on YouTube. We love you.

[fransjacowillemse]

Hi Evan, Thank you for your insight and the great video! It does make more sense to license out the patent, The Patent was done by a large lawyer firm, so I will approach them and see if they can help me with the licensing. I will let you know how it went. Thanks again!

[kawaii_pineappleoop-]

I got my United States Patent and now need to further this process. I had a marketing firm when I was filing for it unfortunately that company did what was in hair of law and ended up leaving town with lots of people s money and all of my books that had the sales, breakdowns through age, ethnic, income, homes, stores that sold what my product works with.. etc.I have a Patent attorney but they told me to search for what’s in wheelhouse. This product is revolutionary to all. My marketing books originally had letters written out to companies names, addressed to those in company area to review. Return cards if wanted further information or meeting. Just everything I paid a lot for. My father started my journey with me when I had a health issue and by speaking with other woman and even men, they wanted the product. It can be a staple in every store. He was proud to do this with me because in my family it was always you are what you do. My great grandparents came from Yugoslavia and he worked in the mines til saving money to bring my great grandmother and great uncle. So business is important. Sadly my father died 4 years ago and I lost my mentor, motivation, self belief and focus with my own health issues. Now I need to get back in there and fight for it because it’s gone on long enough and I have repeatedly keep paying to keep it. I have a disabled teen and this has been great. I have everything to show companies but here is my conundrum....how do I do this without giving them the tools to alter even an inch and steal it from me? This can help seniors. Disabled. Medically. Over weight people. Male/female. All ages. Little people would be a large group in itself. Globally. Ivan help anyone with figuring out things for theirs yet with myself not so much. My life is complicated and to have those requirements reversed I need to sell my patent. I am not in any position to make, manufacture or sell myself. Any suggestions or chances you can give would be most welcoming to my cause. I used to be a fighter but can’t go on like this for my family, children and grandchildren anymore. My mother is terminally ill and to move her to another state where her health can be extended is my greatest goal. For without my mother, my little family would not be.

[HannesGrebin]

Thanks Evan for putting this so clear and entertaining. gold as always!

[SeansLipSyncingSock]

I’m researching how to patent a design and this video has clarified both how I can profit from it and what channels (i.e. attorneys and/or accountants) I’ll need to seek. Thank you.

[InventionTherapy]

What are the advantages to a patent over just going straight to building and marketing your product?

[rachitjoshi]

Hi Evan. Is it necessary to file the patent in other countries like china after filing in US for better licensing the patent ?

[Kdlrboi]

Hi sir,
The physics laws say that free energy machine is not practical. If it is practical its breaked the law of physics. What if the the free energy machine being practical and then patented. What was the approximate market value or price of that patent.

[muhammadasyraf]

Dude thank you so much even to those who question it

[omozojeojehomon]

Sorry my last question.. am an economist I hv this amazing idea of an app and software but I do not have any experience in building apps etc. .wat are the steps to be taken to build it with an app and soft ware developer in other not to be ripped off. Also Should I pay him to build or mk him a part of my team..just need good advice so I don't mess this up because it's my idea and I want to be in control

[shubhamsbahir]

Thank you Evan!! i really wanted to know this stuff ..

[ShubhamSharma-ytsl]

I Love it Thankyouuuu soooo Muchhh Bro!

[SEXYwigumz]

quick question for you, I have a few prototypes of ideas that I've came up with. But I live in a small rural town in Washington. Would I need to go to a big city, say Seattle, to set any of this up? Or can I do it over the internet or something. Thank you for the amazing videos by the way! :)

[GuyDaniels]

Sex toys aren't my thing. I would like to produce a low cost high influx way to keep oil drillers in North Dakota in a warmer safer environment. This could potentially lower labor costs and ultimately lead to higher morale of employees, which will ultimately lead to a great return on investors investing in the Bakkan. I love investing.

[eshumanohare]

Sir just one question, I am just a 16 years old Indian boy and yeah I have my own design regarding a new technology but the problem is that no one is paying attention to it. No one is ready to believe in my work, so what should I do. I've tried contacting the Cambridge Professors only till yet

[AwakenedAnhedonic]

What about when there's a patent for something, then you use that idea for a different invention? For example when previous patents are referred to so an entirely new invention is made? How does that work? Do you have to pay money to use those concepts?

[mohamedgharebatia]

Thanks for explaining it. There are somethings I wanna know, Do I need to publish the patent first? If the patent can be applied in different aspects of applications, Can I license it to different companies? Also, can I still use this idea in my future research? Thanks again!

[akritikuikel]

can you please answer my question? My question is, I do have a unique technology to produce the natural antioxidant. I want to open an antioxidant producing company. I got a patent granted also. so can I license my patent along with manufacturing? does licensing the patent affect my core business? please reply

[danmimis]

Hi Evan. Good stuff, but there's more to it. Since you chose the auto industry now the question is: how do you get the best deal? I.e., how do you make them (hey, there's more than one car manufacturer!) bid for your stuff? I remember reading that negotiators often mess up otherwise decent deals. What would your approach be?

[Aireisor]

Hi. I have an idea which requires electrical, engineering & programming skills, all of which I don't have. Basically I'm not capable of building my product idea. How can I make it happen & get a patent?