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How do you go from licensing your first invention to licensing products with multiple companies?
Robert has now *licensed four products to four different companies.* In this interview with inventRight cofounders Stephen Key and Andrew Krauss, he shares what changes once you’ve negotiated multiple licensing agreements, built relationships with companies, and learned how to keep bringing them new inventions for product licensing.
Robert is a former inventRight member who has successfully licensed products in the HVAC industry. He shares several *licensed product examples* from his own portfolio and explains how he submits new inventions to companies he already has relationships with, negotiates stronger licensing terms, and decides which industries to pursue next.
Years ago, he spent *$12,000 trying to bring an invention to market* and got nowhere. Learning how to license an invention gave him a completely different way to commercialize his ideas. Today, he’s working toward making licensing inventions his full-time career.
You’ll also hear Robert discuss *royalties and licensing agreements,* why he asks companies to have “skin in the game,” how existing relationships can make it easier to submit additional invention ideas, and why he is considering selling intellectual property outright in one unusual situation.
Check out the Jumper King on Amazon: https://a.co/d/06gvYQTh
If you’re interested in *product licensing, licensing inventions, submitting invention ideas to companies, negotiating licensing agreements, or turning an invention into a product without building an entire business around it,* Robert’s experience offers a look at what the process can become after you’ve done it more than once.
*CHAPTERS*
0:00 Product Licensing: How Robert Licensed Multiple Inventions
0:24 Can You Build a Career Licensing Inventions?
2:27 Licensed Product Examples: 4 Products on the Market
4:15 What Is It Like to Manage Multiple Licensing Agreements?
5:03 How Do You Submit More Invention Ideas to a Company?
6:05 Should You License Inventions in More Than One Industry?
7:56 How Robert Lost $12,000 Before Learning Product Licensing
9:18 What Can You Negotiate in a Product Licensing Agreement?
10:01 Why License Consumer Products to Retail Companies?
11:31 What Does It Feel Like to See Your Invention in Stores?
13:24 Getting Your Product in Front of Companies | inventRight Gateway
14:21 Product Licensing vs. Manufacturing: Should You Sell It Yourself?
15:06 How Do You Enter a New Product Industry?
17:22 How Do You Find Companies to License Your Invention To?
18:23 Why Relationships Matter When Licensing Products
19:01 How Many Product Industries Should You Pursue?
20:18 When Does It Make Sense to Sell Your Intellectual Property?
23:37 From inventRight Student to Licensing Multiple Inventions
25:41 How AI Can Help You Submit an Invention to a Company Faster
For more than 27 years, inventRight has helped inventors and entrepreneurs bring products to market, primarily through licensing.
If you have a product you want to license, inventRight Gateway helps prepare your product for licensing, identify the right companies, present it to decision-makers, and manage the follow-up.
*Learn more about Gateway and submit your product:* https://inventright.com/gateway
Subscribe to inventRightTV for more licensed product examples and practical advice about product licensing and licensing inventions.
⭐ *inventRight Reviews:* https://inventright.com/success/
🏆 *Products licensed with inventRight help:* https://inventright.com/products/
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 inventRight, LLC. does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites.
Robert has now *licensed four products to four different companies.* In this interview with inventRight cofounders Stephen Key and Andrew Krauss, he shares what changes once you’ve negotiated multiple licensing agreements, built relationships with companies, and learned how to keep bringing them new inventions for product licensing.
Robert is a former inventRight member who has successfully licensed products in the HVAC industry. He shares several *licensed product examples* from his own portfolio and explains how he submits new inventions to companies he already has relationships with, negotiates stronger licensing terms, and decides which industries to pursue next.
Years ago, he spent *$12,000 trying to bring an invention to market* and got nowhere. Learning how to license an invention gave him a completely different way to commercialize his ideas. Today, he’s working toward making licensing inventions his full-time career.
You’ll also hear Robert discuss *royalties and licensing agreements,* why he asks companies to have “skin in the game,” how existing relationships can make it easier to submit additional invention ideas, and why he is considering selling intellectual property outright in one unusual situation.
Check out the Jumper King on Amazon: https://a.co/d/06gvYQTh
If you’re interested in *product licensing, licensing inventions, submitting invention ideas to companies, negotiating licensing agreements, or turning an invention into a product without building an entire business around it,* Robert’s experience offers a look at what the process can become after you’ve done it more than once.
*CHAPTERS*
0:00 Product Licensing: How Robert Licensed Multiple Inventions
0:24 Can You Build a Career Licensing Inventions?
2:27 Licensed Product Examples: 4 Products on the Market
4:15 What Is It Like to Manage Multiple Licensing Agreements?
5:03 How Do You Submit More Invention Ideas to a Company?
6:05 Should You License Inventions in More Than One Industry?
7:56 How Robert Lost $12,000 Before Learning Product Licensing
9:18 What Can You Negotiate in a Product Licensing Agreement?
10:01 Why License Consumer Products to Retail Companies?
11:31 What Does It Feel Like to See Your Invention in Stores?
13:24 Getting Your Product in Front of Companies | inventRight Gateway
14:21 Product Licensing vs. Manufacturing: Should You Sell It Yourself?
15:06 How Do You Enter a New Product Industry?
17:22 How Do You Find Companies to License Your Invention To?
18:23 Why Relationships Matter When Licensing Products
19:01 How Many Product Industries Should You Pursue?
20:18 When Does It Make Sense to Sell Your Intellectual Property?
23:37 From inventRight Student to Licensing Multiple Inventions
25:41 How AI Can Help You Submit an Invention to a Company Faster
For more than 27 years, inventRight has helped inventors and entrepreneurs bring products to market, primarily through licensing.
If you have a product you want to license, inventRight Gateway helps prepare your product for licensing, identify the right companies, present it to decision-makers, and manage the follow-up.
*Learn more about Gateway and submit your product:* https://inventright.com/gateway
Subscribe to inventRightTV for more licensed product examples and practical advice about product licensing and licensing inventions.
⭐ *inventRight Reviews:* https://inventright.com/success/
🏆 *Products licensed with inventRight help:* https://inventright.com/products/
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 inventRight, LLC. does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites.
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EPISOD LAIN DALAM PODCAST INI
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Penafian: Podcast dan karya seni yang dibenamkan pada halaman ini adalah daripada Stephen Key, yang merupakan hak milik pemiliknya dan tidak bergabung dengan atau disokong oleh Listen Notes, Inc.
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