MEANT TO INVENT
The Best-Laid Flight Plans
Whether inventing, manufacturing, selling your product yourself or inventing and licensing your invention to another company, it will need to go through many steps and/or iterations.
Mistakes in Building Relationships
When working with companies and other inventors, avoid these common errors. Don’t send unsolicited marketing materials—whether dealing with companies or other inventors.
Licensing Concepts Faster
I have experienced an array of timelines when pitching and licensing new concepts—from licensing an item to the first person I pitched it to, to licensing a concept within a month of pitching to dozens of companies, all the way to licensing a product after pitching it for a couple of years, and everything in-between.
Pitching to a New Industry
Is it worth the time? What has worked before? What will have to change? I look into factors such as demand, market size, manufacturability, cost and trends. I also do an extra layer of evaluation.
4 at the Core
I have seen inventors with amazing products that never made it to market. The No. 1 reason is that they gave up too soon. Besides a few obvious character traits, these others are consistent in successful inventors.
Let’s Make a Deal
Key factors in a licensing agreement may vary in importance, depending on the inventor and situation. No one can claim definitively what should be the most important factor in a licensing agreement.