"A simple idea can be worth millions!"
Here are the surefire steps no one is telling you.
By Stephen Key, Successful Inventor
Why does bringing an idea to market seem so overwhelming and frustrating?
• Should I file for a patent?
• Do I need an attorney?
• What companies do I call?
• Do I need a prototype?
As a marketing consultant for the past 15 years, I thought I knew it all. But, I highly recommend (5 Stars) this course to even some of you who think you know it all. Now I am able to submit my products to large corporations with confidence. I don't see how I would have been a successful inventor without Stephen and his knowledge.
— Andrew G., New York
There are many resources for information that unsuccessfully try to help.
• Product submission companies
• Books, CDs
• TV shows and talk shows
• Product development companies
And still thousands and thousands of people fail each and every year.
I recently became aware of inventRight and its products and services. I purchased the home study material and found its contents easy to understand and extremely helpful. If you are an inventor and overwhelmed by the process of inventing and marketing your idea, this is a great place to get the help you need.
— Aaron S.,
Dublin, CA
Why do people with great ideas fail?
• Filing a patent without understanding the marketplace.
• Contacting the wrong companies.
• No manufacturing know-how.
Yet you read about people making millions with their ideas. You're asking what do they know that I don't know and how can I get that information? How can I avoid the pitfall that can lead to failure and frustration?
Question — Would you drive across the U.S. without a road map?
Answer — No!
To have a wonderful, rewarding experience, you would take along a road map, you might even ask a travel agent or someone who has taken the same trip before for advice and help.
It's simple. Yes, there are many resources out there, but no one is giving you an easy to understand complete process to understand bringing your idea to market. You need a road map!
Imagine, if you had a road map; a step-by-step process that would help you bring your product to market. Selling your ideas to companies and receiving royalties from those companies can give you the freedom to realize your dreams. From your ideas, generate an income that can afford you the freedom to quit your job, be more creative and develop other products. Use your extra income to take your family on that dream vacation. My extra income allowed my family to travel across the U.S. for 6 months, thus, allowing me to spend precious time with my kids, something that is lost in our fast pace life today. Imagine what you could do with that extra income!
What if you could bring your idea to market?
• Without a prototype
• Without a patent
• Without risk
For the past 25 years I have developed a system that has generated millions of dollars in royalties, through licensing. My products have sold across the U.S. and around the world in such retailing giants as Wal-Mart, Target and the Disney Theme Parks and Stores. My products have been endorsed by celebrities such as Alex Trebek of Jeopardy and basketball great Michael Jordan.
I realized that licensing is a more cost-effective way to bring products to market, particularly for a stay-at-home mom like me. Stephen taught me to see products from a retailer’s perspective (cost, shelf space, customer understanding) and to translate that information into the all-important “Benefits Statement.” And he teaches you how to do it all with minimal investment.
But, the most important thing I learned from Stephen is to keep putting products out there - to learn from the experience and try again.
I licensed my second invention, Shoe Clues, with almost no investment and about five hours worth of work. I now have four licensed products with several other products in development. And my income exceeds my investment on each product.
— Shelley Hunter, Mom Inventor
From my experiences I have developed a proven 10 step system.
My 10 step-by-step system will answer all of your burning questions.
• Find out how to get a company to say, "I need your product."
• Learn what the most important sales tool you will ever need is.
• Discover how to save yourself thousands of dollars when protecting
your idea.
This is the road map you need!
Can a personal guide help you?
In addition to our 10 step system you will receive consulting from one of our inventRight Success Guides. Your personal guide can provide you with the expert advice when you need it. Just call our toll free number. It's as easy as that!
Whether you are an experienced inventor or just starting out, but serious about succeeding, we can answer any question or problem you might encounter.
Any time I had a question I just picked up the phone, and believe me I did call. Once, when I was doing my 1st patent search I got stuck so I called. The inventRight guys are so nice, helpful and encouraging. They gave me some ideas to try and they worked. Along the entire product developing process I knew anytime I had any question all I had to do was pick up the phone. Stephen really walked me through the whole process. He really seems to enjoy passing his knowledge on and watching you succeed.
The inventRight system is a GREAT tool with a wonderful support system.
Karen H.
Learn how to bring a product to market, or your money back!
My 10 step-by-step system includes three audio CD’s, packed with over 3 hours of step-by-step instructions for making money with your ideas. It's a quick and easy way to learn. Instantly index to any step you need to learn!
It also includes a comprehensive guidebook which includes sample Non-Disclosure Agreements, sample contracts, cold calling practice cards and much more. Over 200+ pages in all.
You won’t find this information anywhere else.
Learn the ins-and-outs of the invention process from my 20 years of experience. Here is just a sample of the information included in my system:
• How to Create a Marketable Product
The creative process
Refining ideas
Feedback
Do some research
• Bringing Your Product Idea To Life
What's necessary
The one sentence description
Drawings
Prototypes, inexpensively
The one sentence description
• How to Protect Your Ideas
Personal patent experience
What is a patent?
What is patentable?
Background research is key
How to choose a patent attorney
Hidden costs
The realty of rejection
• How to Make Contact
Why we all hate cold calling
Make your hit list
How to get the right phone number
How to call the right person
What to say - the fast ball pitch
• Submitting Your Product
You don’t need a face to face meeting
Understanding Corporate America
Take a picture
Learn from “No”
• Licensing vs. Manufacturing
Factors to consider
Risk assessment is key
Ask around
Where's the money?
• How to Negotiate
The business terms of a license
Advances
Royalty rates
Guarantees
Performance Requirements
Territories
• Signing a Contract
How to review and sign a license
Boiler Plate language
Termination clauses
Patent ownership
Patent protection / policing
Attorney input, when and how much
Contract management
• Policing Your Invention
Keeping tabs on your licensees
Stay in touch with the market
Read trade magazines
Getting ripped off, what do you do?
• Lawsuits, Who Wins?
The real cost of litigation
Assess what you want before you sue
Pursue other methods
Plan for the long haul
Negotiate with your own attorneys
• Don't Quit Now, It's a Numbers Game
Review what you have learned
Don't stop with one product
Invent more!
Submit, submit, and submit
Financial reward lies with multiple licenses
Managing your product ideas
All of this and much more!
"Successful inventor Stephen Key, who's opinion I respect, is one of the first people whose advice I sought when I started my company four years ago."
— Tamara Monosoff, Best Selling Author and CEO of Mom Inventors Inc.
We are here to help. The inventRight course comes with one year of phone support. Get help with making your hit list of companies to call, getting past the gatekeeper, negotiating and closing a deal, saving money with patent attorneys, resources or whatever else you need advice on. You can count on us.
Even though we have packed the inventRight course with more information than most inventors will ever need, you may still have questions about something not covered in the course. If such a question arises simply call us. With over 30 years of experience in the invention and licensing arenas there is no question we can't help you with. If we can't, we'll find someone that can. We are on your team to help you succeed.
Send me the 10 Step System Now!
Act now & receive a FREE BONUS Resource CD. This Bonus CD is packed with thousands and thousands of resources.
- Mass Merchants Contact Info
- Drug Stores, Big Box Retailers, Apparel, Sporting Goods, Electronics, Toys, Hardware, Industrial Goods, And More. . . .
- If you can’t find the right merchant – just use our free phone support.
- Royalty Calculator
- Over 30,000 US & International Patent Attorneys and Agents
- Licensing Agents & Licensing Attorneys
- Graphic, Web & Prototype Designers
- List Of Invention Contests
- List Of Inventors Association In The US & Abroad
- Over 15,000 Tradeshows
(Find the tradeshow that’s right for your invention!) - Sample Licensing Terms Sheet, Licensing Agreement & Confidentiality Agreement
- Manufacturing and Market Research Tools
- And More…
The best part is if you act now you will receive this valuable resource CD absolutely FREE. It’s our gift to you when you order the inventRight 10 Step System.
Send me the 10 Step System Now!
“Stephen Key, a successful inventor himself, works diligently to help others learn how to make money developing products without spending a fortune. His inventRight philosophy dovetails perfectly into what is required to prosper in the world of Open Innovation because the winning concepts are often those that are creative and well-articulated without being fully developed into finished products.”
Michael Collins, CEO of Big Idea Group and Author of, “The Million-Dollar Idea in Everyone.”
Stephen Key is a leading expert in the field of invention and writes for AllBusiness.com, one of the premier business sites on the Web. He writes a new article every Monday, Wednesday & Friday.
Stephen interviews people like John Calvert from the United States Patent Office and John Osher, inventor of the Spin Brush that sold his tooth brush invention for $475 million dollars, and Steve Wozniak, co-founder of Apple Computer. You can read some his latest articles below.
AllBusiness.com - Inventions and Product Ideas
| 11/19/2008 03:30 AM |
| Are You Struggling to Create a Business Plan? |
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The sales sheet should answer the questions, “Why should we license your product? How is it original?” Writing down of all these aspects will centralize her next steps. Once she has specifically identified what it is she selling on paper, she should be able to convey that in person as well. |
| 11/17/2008 04:00 AM |
| The Two Most Important Questions You Must Have the Answer To |
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Sooner or later, you will be asked to answer the following two questions in reference to your product idea: How do we do this? And, how much is it going to cost? Many inventors stumble when posed these two questions. |
| 11/14/2008 03:30 AM |
| You've Arrived, But Have Yet to Conquer: What Next? |
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There are a number of strategies Ernest can employ to publicize his innovation. I want to make something clear: many of the paths I advise can be applied at the same time, and in any order. No single way is the “right” way, in most cases. So I’d recommend that Ernest do any and all of the following. |
| 11/12/2008 03:30 AM |
| In Honor of Our Impending One-Year Anniversary: Your Questions, Answered |
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I’m creating an additional blog format – one in which inventors will be able to submit specific questions that I’ll answer to the best of my ability. I’m hoping this new format will help you better understand when and how to apply my advice and strategies – the real life scenarios should, at some point, sound a lot like your own! Here’s the first. |
