On one hand, confidence in leadership can be so high that a backup plan is not necessary. It embodies a mind-set of unwavering commitment to succeed. On the other hand, it is naïve, unprepared and shows an unwillingness to change.
The last time I attended the Consumer Electronics Show—the most popular and widely attended tech event in America—was two years ago. It was ravaged by last-minute pullouts by big tech companies due to COVID concerns.
Use these simple steps and questions to make the right contacts. Explore our tips for inventors to start conversations with potential contacts in their target market.
Heed these 5 main principles, with your prospective licensee’s preferences also in mind. A negative patent search—that is, finding nothing like your invention—is not reliable.
Before investing too much money in an invention, it pays to consider how easy it will be to sell. Let’s look at this from two major themes—priorities for customers, and your ability to get and retain them through entry points.
You must have a sell sheet to license your invention. Or, if you intend to produce rather than licensing, you’ll have to convince skeptical catalogers, internet sellers and distributors they can make a profit marketing your product.