How to Land the Licensing Deal of Your Dreams

You’ve come up with a great idea, you protected it with a well written PPA, you have great marketing material. Now a company wants to talk to you. What do you do? You watch this video!

How do you license an idea? How do you patent an invention? Learn how to become a profitable inventor and earn passive income from your creativity following the advice of inventors Stephen Key and Andrew Krauss. They are world's leading experts on how to license a product idea. If you have an invention idea, this is the show to watch.

Stephen Key and Andrew Krauss are the cofounders of inventRight, a coaching program that has helped people from more than 65 countries license their ideas for new products.

If you have questions about how to invent, how to be creative, design, how to do market research, prototyping, manufacturing, negotiating, pitching, how to sell, how to cold call, how to reach out to open innovation companies, licensing agreements, non-disclosure agreements, patents, copyright, trademarks, and intellectual property in general — subscribe to inventRightTV! New videos every week, including tons of entrepreneur success stories.

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[cjgibbons]

Kind of unrelated...but I knew a guy who had two kids who were skilled musicians. They were well on their way to big things, gigging alot and recording etc. Dad was a big personality and the kids were preteens, he thought they were his ticket to wealth.
Long story short, they landed a meeting with Nickelodeon in regards to doing a show or a guest appearance, my friend who set up the meeting was was with them.
First date so to speak, the rep was getting to know them and things were going well, when the rep asks "so how are you guys feeling about all this?"
Dad leans back and says "I want a million dollars to do this".
Radio silence, "well thanks for stopping by we'll call you".
Ended that relationship in one sentence.
My friend about died from embarrassment lol.
Anyway good points here thanks for the vid.

[kellyehrenman]

Always honest, straightforward and informational! Thank you! inventRight is a guardian of the inventors!

[AndyGrahamProductions]

Thank you for this video! I'm encouraged as my product (musical instrument) is already fully developed, patented, and trademarked. I feel that my dream of licensing it (so I can invent more products), is more possible than ever. THANK YOU!

[minnielouoliver]

Greatest idea I'll head in quite awhile amazing news hookup to get done ✅

[Kelly-bxjc]

wish my wife and i could speak to you in person. We have two inventions, I made a prototype for one and the other I am working on. both can be used immediately in every country and every house. One of the two would be mandatory and would save billions of gallons of water every day right now. i wish we could speak to someone like you who knows what they are doing. ied jump on a plane tommorow

[madbojangles]

Steve so awesome bud! Very helpful. I don't want be burned! I'm listening

[hqopie]

Great Video Stephen .... as always keep them coming your helping me so much!!

[James-blwb]

I think this is one of your best videos Stephen, packed with valuable info. thanks for everything you do.

[davidsandoval]

Stephan I've been watching for a long time now and learned that I am an inventor for sure I really love watching your videos you are like the coolest guy super nice and helpful once I understand enough to try to do this I will I look to you and this channel for direction my mission in life is to be like you very giving thank you

[genevajohnson]

Good afternoon I have an invention and my invention does several different things how would I present that in my cell sheet

[davesian]

Another awsome video, thank you for breaking it down to elementry levels. Explained so well in simple terms on what we should expect when going through this process.

[pmaspirant]

Great Video Steve! A lot of useful tips with this video. I would give a two thumbs up if I can. One question I have is there anything wrong introduce yourself as an inventor? Why do you prefer to introduce yourself as a product developer? As far as answering the cost estimate question, I think a good tip I can offer and a really good answer to give is "I checkout your product line, and I think this invention will cost and price at the same ballpark as your product X". Not only you answer the cost question, but you also demonstrated you did the homework.

[demetriathomas]

Love love love this!! So glad I watched your videos through the process. ❤️❤️❤️

[floridahydrologicconsultin]

I liked this video and agree with these communication methods. Im independent hydrographer working to solve water quality issues in S Florida. How do I protect my proposal and monetize water quality IP with government agencies ? Unsolicited RFP, however comply with upgraded water quality law. Thanks

[StrapperGirl]

What do u do if your provisional year is up? Do you tell the company?

[graceyeh]

Love your conversational style and energy. Studying for my Licensing Certification Exam great real-life advice and overview of the process! Thank you!

[merihberhanetewolde]

Hi Steve is there anyway we can work together on an invention and get it licensed, I am stuck

[BeyondOurSolarSystem]

Here is why NDA's (Non Disclosure Agreements) are bad ideas to ask a company to sign. They may sign the agreement, look at your invention idea, and then discover they were already planning on manufacturing something exactly like your invention, or something similar to it. Once they realize that, they know once they start selling their similar product, that you're going to wrongfully sue them for violating the NDA, and that they may actually lose.

This is why they will stop talking to you as soon as you mention "NDA".

If you can't afford to do the Provisional Patent, ... then document your invention with date stamps and timestamps and everything in your videos, photo; and document everyone you speak with including the date, time, names of persons you spoke to, and so forth and so on.

That way if they rip you off, you still have basis for a lawsuit.

A reputable company won't rip you off.

..

[KissMyArs-nt]

Your the best ... getting back on track with my inventions

[rickknudsen]

Thank you for all the good videos wisdom listen to all of your colleagues lost my product idea dog leash with flashlight