OVER DEZE AFLEVERING
Why does mindset matter so much when you're trying to turn an idea into a successful product?
Stephen Key was rejected by more than 100 times before one company finally said yes to licensing his rotating label invention, Spinformation. That one yes led to a manufacturing partnership, hundreds of millions of labels being sold, major retail exposure, and industry recognition.
In this episode of inventRightTV, Stephen shares the story behind Spinformation and explains why he kept going when company after company rejected his idea. He didn't have all the money, knowledge, connections, or experience he needed when he started. What he did have was the mindset to keep moving forward and figure out each obstacle as it came.
It's one of the lessons behind Stephen's book, "The Power Mindsets." Drawing on decades of experience bringing products to market and helping other people pursue their ideas, Stephen identifies nine mindsets he believes can help you keep moving forward, overcome rejection, and cross the finish line.
Order "The Power Mindsets", a #1 Hot New Release on Amazon: https://www.amazon.com/dp/B0HFH7BGRQ/
Topics discussed:
— Why mindset matters when you have an idea
— How to handle rejection from companies
— Turning an idea into a product
— How Stephen Key pitched his invention to companies
— Getting a company to say yes to your idea
— Finding a manufacturer
— Overcoming obstacles as an entrepreneur
— Product licensing
— Why persistence matters
— The Power Mindsets
Chapters:
00:00 How to Handle Rejection When Pitching Your Idea
00:15 Turning an Idea Into a Prototype
01:22 How to Pitch an Idea to a Big Company
02:08 What Happens When Companies Reject Your Idea
03:04 Getting a Company to Say Yes to Your Idea
03:37 How Gateway Helps You Reach Companies
04:21 From Product Idea to Manufacturing
05:10 Why Mindset Matters When You Have an Idea
06:02 The 9 Power Mindsets for Success
06:47 From 100 Rejections to Millions of Products Sold
------------------------------------------------------------------------------
Have a great idea, but struggling to get companies to respond?
Getting your product in front of the right people and getting them to take it seriously is the hardest part of licensing a new product. Gateway was created to help bridge that gap by connecting inventors with companies actively looking for new products.
Learn more about Gateway and submit your product for review by the Gateway team: https://inventright.com/gateway
🎥 Subscribe to inventRightTV for weekly videos on licensing, product development, entrepreneurship, patents, and bringing ideas to market.
For over 25 years, inventRight has helped inventors license inventions.
⭐ Testimonials from inventRight clients: https://inventright.com/success/
🏆 Products licensed with inventRight help: https://inventright.com/products/
→ Contact inventRight: https://inventright.com/contact
Disclaimer:
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. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Stephen Key was rejected by more than 100 times before one company finally said yes to licensing his rotating label invention, Spinformation. That one yes led to a manufacturing partnership, hundreds of millions of labels being sold, major retail exposure, and industry recognition.
In this episode of inventRightTV, Stephen shares the story behind Spinformation and explains why he kept going when company after company rejected his idea. He didn't have all the money, knowledge, connections, or experience he needed when he started. What he did have was the mindset to keep moving forward and figure out each obstacle as it came.
It's one of the lessons behind Stephen's book, "The Power Mindsets." Drawing on decades of experience bringing products to market and helping other people pursue their ideas, Stephen identifies nine mindsets he believes can help you keep moving forward, overcome rejection, and cross the finish line.
Order "The Power Mindsets", a #1 Hot New Release on Amazon: https://www.amazon.com/dp/B0HFH7BGRQ/
Topics discussed:
— Why mindset matters when you have an idea
— How to handle rejection from companies
— Turning an idea into a product
— How Stephen Key pitched his invention to companies
— Getting a company to say yes to your idea
— Finding a manufacturer
— Overcoming obstacles as an entrepreneur
— Product licensing
— Why persistence matters
— The Power Mindsets
Chapters:
00:00 How to Handle Rejection When Pitching Your Idea
00:15 Turning an Idea Into a Prototype
01:22 How to Pitch an Idea to a Big Company
02:08 What Happens When Companies Reject Your Idea
03:04 Getting a Company to Say Yes to Your Idea
03:37 How Gateway Helps You Reach Companies
04:21 From Product Idea to Manufacturing
05:10 Why Mindset Matters When You Have an Idea
06:02 The 9 Power Mindsets for Success
06:47 From 100 Rejections to Millions of Products Sold
------------------------------------------------------------------------------
Have a great idea, but struggling to get companies to respond?
Getting your product in front of the right people and getting them to take it seriously is the hardest part of licensing a new product. Gateway was created to help bridge that gap by connecting inventors with companies actively looking for new products.
Learn more about Gateway and submit your product for review by the Gateway team: https://inventright.com/gateway
🎥 Subscribe to inventRightTV for weekly videos on licensing, product development, entrepreneurship, patents, and bringing ideas to market.
For over 25 years, inventRight has helped inventors license inventions.
⭐ Testimonials from inventRight clients: https://inventright.com/success/
🏆 Products licensed with inventRight help: https://inventright.com/products/
→ Contact inventRight: https://inventright.com/contact
Disclaimer:
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. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
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OUDE AFLEVERINGEN ZOEKEN
Zoek naar eerdere afleveringen van Launch Your Product with Stephen Key.
ANDERE AFLEVERINGEN IN DEZE PODCAST
Can you help increase your own royalties? Signing a licensing agreement is a huge accomplishment — but it's just the beginning.
While your licensee handles manufacturing, distribution, and sales, there are meaningful ways you can help drive product success and increase your royalty income.
In th…
What do you do when everything that was working suddenly stops?
At age 50, Stephen Key watched the royalty income from his successful Spinformation invention drop to zero. With a family to support and an office to keep running, he had to figure out what came next.
In this episode of inventRightTV…
A licensing negotiation doesn’t begin when a company sends you a contract. The work you do before an offer arrives can affect how a company sees your product — and the deal you may ultimately be able to negotiate.
inventRight cofounders Stephen Key and Andrew Krauss explain how to strengthen your …
What do you need to turning your ideas into products repeatedly? It's probably not what you think.
Stephen Key started out selling products at street fairs and on street corners. He eventually went on to bring products to market with major retailers like Walmart. In this episode of inventRightTV, …
Disclaimer: De podcast en de illustraties die op deze pagina zijn ingesloten, zijn afkomstig van Stephen Key, eigendom van de eigenaar en niet gelieerd aan of goedgekeurd door Listen Notes, Inc.
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