Consider licensing your invention

Consider licensing your invention

by Nathan Ramirez -
Number of replies: 2
You might also consider partnering with an established company to lease your invention to them. You’ll get your invention into the market and will earn a percentage of the product sales. According to UpCounsel, most licensing agreements earn between 3% and 6% of the gross sales. The benefit of licensing your invention is that you’ll begin earning passive income and won’t have to worry about the costs involved in bringing a product to market. However, you won’t have any control over how your invention is marketed, and if the product is a huge hit, you’ll only earn a fraction of the proceeds.
In reply to Nathan Ramirez

Re: Consider licensing your invention

by Channing Hargrove -

Finally, if you’re interested in getting your invention idea in front of companies from the comfort of your home, Invent Help has a Virtual Invention Browsing Experience (VIBE). This is a state-of-the-art virtual viewing station that gives companies the ability to privately view ideas from you and other Invent Help clients. This helps you get your idea out there to prospective companies at the end of the journey without requiring excessive travel or event costs to do so!

In reply to Channing Hargrove

Re: Consider licensing your invention

by charle sclane -

Quite some time ago we started like many inventor support do. Ideas turned into models that turned into viable products. We went to manufacture and made as many mistakes as might be possible. We followed hunches, lost money, went through poor facilities, and finally decided to get it right. We are different. We don’t want a percentage of your sales, we do not want your intellectual property, and we do not make promises for your success. We choose instead to help design, develop, and prototype your idea. From there, we can reach out to world-class factories for manufacturing quotes. We quote your project assembled, packaged, inspected, and shipped to your door. Customs, quality control, everything.

The entire process can seem daunting. Where do I start? What’s next? How will this process play out? We simplify everything. We have a proven process in place to help you, no matter how far along in the process you are. Work smart, work hard, but always work toward your end goal, which is ultimate ‘the market’.