Inventor Friendly Industries 1. 1:40 Novelty-Gifts 2. 3:40 Kitchen and Housewares 3. 5:34 As seen on TV 4. 7:50 Back to school 5. 8:30 Office Supplies 6. 9:00 Hospitalities 7. 10:07 Music 8. 11:00 Sports 9. 11:36 Pets 10. 12:32 Tweens

@Dapper_Dean

2 жыл бұрын

Thanks for making a list for us. No need to keep rewinding the video. 🤙🏼

I found this channel by chance, you don't know this but I have ideas all the time for new stuff. I am shopping for products that don't exist quite often. I called someone asking for a service one time and they told me it was not invented yet and it's been 10 years and it's still not invented. I have some ideas that will just go crazy and I know one of them 100% everyone will go out and buy right now today, I actually need one myself. I have a couple more ideas that will sell themselves to the right company, simple no-brainers, they are going to kick themselves if they pass this up. I always thought I needed patent search and all the process. This is really eye opening for me, I thumbs up every video so far and let me tell you I'm on a bender right now watching all of these.

Thanks for all Stephen.

It’s fun to watch you two, cause you’re having fun.

Thank you InventRight for that helpful video, I had no idea that many of those mentioned industries were easier to get into than others. I can't wait to find out more!

I keep these videos on autoplay. Keep these guys talking in the background while working is good motivation.

@shawnduncan2639

4 жыл бұрын

@JOEY ZUMWALT Are you in the Bootcamp?

@shawnduncan2639

4 жыл бұрын

@JOEY ZUMWALT Yep as of last week!

@shawnduncan2639

4 жыл бұрын

@JOEY ZUMWALT Automotive, Baby and Kids Toys.

Very helpful!!! Gave me every I need to know to file a PPA. THANK YOU!!!!

Thank you so much for this video, and for all you share....what about the collectible figures industry...is there any potential there? Recommendations?

Stephen, Andrew: Thank you for creating these videos discussing the types of companies there are, and their difficulty levels. I had a idea for commercial airliners, and I was about to blindly head into something that was very difficult, if I didn't see your videos. My next question to you guys: In a easier industry, Novelty and Gift, I called a company which I didn't have a idea for. We discussed terms, and a bit of sales. Excellent distribution level, a long lasting product, no complaints, and it's even a high ticket item. However, discussing a deal, I was a bit shocked at this. The potential licensee flat-out said that they don't want a royalty rate at all (0%).They have also mentioned that they have received alot of ideas in the past. Do you think that this company is being greedy, because judging from these "past ideas" I have not seen even one of those ideas come to market. They did have interest in seeing ideas, but the deal was so bad, it would be hard to license to this company at all, I'd make no money, and worse, I wouldn't even get to see my idea made. Thank you for teaching us this stuff, I could've been ripped off.

@janedoe5229

Жыл бұрын

In the InventRight book (one simple idea) and courses, they teach you how to get your marketing materials ready before you make the phone calls to the potential licensee. And the first question you ask on the phone is, "Does your company accept open innovation? If they say "no", then move on.

My ppa is really rough will it affect me when I go to file my non provisional and need to make changes to the specifications and drafts?

You guys are so authentic ...GREAT Information ! Keep it coming . THANK you very much!!!

@inventRight

4 жыл бұрын

Thank you! Will do!

Great show guys...!

Thanks guys for all the information, knowledge is key so keep it coming.

I have the very thing You guys are talking about. I was looking for the term and I have a seasonal and a "evergreen" product. Working on getting it out there. Thanks to you guys I have my first Sell sheet that I think it cool. I might frame it as my first piece of are that defines the purpose.

@inventRight

4 жыл бұрын

Niiiice. Let us know when you're in the game aka have begun contacting potential licensees!

@mikewomick7417

4 жыл бұрын

@@inventRight I'm going slowly, I have contacted a manufacturer for my product modification. I don't know if I should be contacting the end retailer, or continue working with the manufacturer. Would like your comment on this, are the rewards greater with the end retailer? Would like your comments on this. Thank you

As always your "Presentations" are so informative and useful. Thank you kindly.

@stephenkey3137

9 жыл бұрын

Dave Weckl you're welcome! Thanks for watching.

Thankyou again!!!!

Sir, does drone industry can be counted in the Inventor friendly industry..?

You guys are great🤙

great stuff man

How about heavy lifting equipment tools do you need a patent for those or what.

You guys are very informative. What about the cosmetic industry?

Hey Stephen and Andrew, How do I know which industries to approach when I have an idea that branches across simple technology industries to be used in an academic setting or educational environment. Do I search for a tech company to license to or would I look elsewhere?

Another awesome video, what about the gardening industry?

But I can file another provisional and add them together when the non provisional is filed right? And from the point that I filed the first non provisional I still have the first rights if all the applications are simular. Right? Hence non provisional applications are extremely handy, but I've learned that filing a rushed application is a waste of money and a mistake because it may be invalid and not accepted.

If you have multiple ideas in a myriad of categories, which would you say would be the lowest hanging fruit to pursue?

Question for new video. Hi! I have a question regarding establishing relationship using facebook when the person can’t be reached by LinkdIn. How does it work? Thank you.

Have a board game the concept is like no other game out thete It involves sports. A fun addicting game. Dont know which way to go.

@inventRight

4 жыл бұрын

Maybe we can help. Contact us: www.inventright.com/contact

Thanks for sharing guys

@inventRight

4 жыл бұрын

Thanks for watching inventRightTV!

What companies are in the hotel / restaurant supply business?

WOULD LOVE TO HEAR ABOUT OIL AND GAS INDUSTRY !!! PLEASE!!!

I am a student with AmyJo. How friendly is the beauty industry. I'm a hairstylist an I invented 2 tools that I have been using behind the chair for 2 years. I seriously couldn't do my job without them and my customers want them badly!

Hello guys!! Very interesting videos with tons of information that has helped me look and think outside the box! My target or invention is in the Health and Fitness(healthy drink) area. Can you do a video about that area Health and Fitness, with details please. Thank you guys for your time:)

DRTV wants a prototype. Does it have to be a finished product or will a prototype work just fine?

Really enjoyed this video! I learned alot from this. I do have one question though. Has there been a lot of success for you guys when it comes to art supplies such as sketchbooks, pens, paper etc?

@inventRight

6 жыл бұрын

Hello Blaine! One of our students (who is now a coach) licensed 21 products in the paper industry. You can watch a full webinar with her story: www.inventright.com/all-vids/136-video-4-success-stories/777-learn-how-arleta-licensed-21-products-with-one-licensing-contract. Thanks for watching!

Ty sir's 💪

I found it!!!! YAY!!!!! Another GREAT, GREAT VIDEO!!!!!!!!!!!!

@inventRight

2 жыл бұрын

Thanks for the kind words Gwendolen. - Andrew Krauss, inventRight Co-Founder

Should you patent a idea or get a provisional patent for a as seen on tv idea?

@inventRight

4 жыл бұрын

Learn about the As Seen On TV industry and its requirements for invention ideas here: www.inc.com/stephen-key/the-as-seen-on-tv-industry-is-bigger-than-ever-inventors-heres-how-to-win.html

You'd get a lot more views and exposure if you include a lot more details and specifics. A lot of your information is kind of veig. Non the less your videos have been extremely helpful! Thank you +InventRightTV

Did your coach in the Hotel industry release his product yet?

How is the medial industry with licensing ideas? I submitted a PPA recently and was curious if I should go the patent route or start talking to the big players with an NDA. Any advice?

Although you didn't have a patent for your novelty ideas, did you at least file the PPA? Nvm asked too soon.

I've been reviewing your videos for some time. Bought One Simple Idea (lots of great info)....would love information on Inventor Friendly companies in the Pet Industry. Thank you!

@inventRight

5 жыл бұрын

Thank you for your support! You can find a list of inventor-friendly companies by signing up to become a member of Inventors Groups of America: inventleaders.org/

@fatguy2697

4 жыл бұрын

@@inventRight I have a question for the as seen on tv if i have a working idea but it's not a final product I pieced it together it works For the problem. Do They use the idea or does it need to be a full product. I would always love to have a product at seen on tv. Because I am.always buying them my self and I can watch there infomercials for hours.

Stephen reminds me of Barry Weiss from Storage Wars

Can you license food and beverage products? Thank you!b

How are u protected if u pitch without some type of protection

@inventRight

4 жыл бұрын

We are big fans of provisional patent applications (PPAs). Learn more: www.forbes.com/sites/stephenkey/2018/01/08/dont-file-that-patent-yet-file-a-provisional-patent-application-first/

What are the nolitvies company's that you have used do.you tell that any where

@inventRight

4 жыл бұрын

Become an Inventors Groups of America member for free and access a list of 500 open innovation friendly companies: inventleader.org/

Learning a lot - thanks for these! Is there an update to this video? Has anything on the list changed since this video was posted? Looking to watch more videos!

@inventRight

3 жыл бұрын

Our cohost Andrew is going live today at 4pm Pacific to answer your inventing and licensing questions - that's a great time to get your question answered! Save the link to join the live: kzread.info/dash/bejne/X3upuKxuobfVZdo.html He goes live every Monday at 4pm Pacific.

Don't forget health and fitness😉 Always a booming industry.

@inventRight

7 жыл бұрын

Hello Monica! You are right! The health and fitness industry can sometimes be a bit harder to break into, but it is still pretty inventor friendly because of it's continued growth. Check out our webinar with Angela Dayton about her experiences licensing the Fit Whisk: www.inventright.com/all-vids/134-recent-webinars/786-learn-how-angela-brought-her-idea-to-market. Thanks for watching!

Who does your hair Steven, they should patent that !

@GabbyNurse

4 жыл бұрын

Lmao! He does have cool hair! 😂

@pdub2762

2 жыл бұрын

Lol

Novelty Gifts Kitchen/Houseware Hardware AsSeenonTV Back to school Office supplies Hospitality Music Sports Pets Tweens

I need a mentor! I have a ton of ideas

Are Promotional Items considered a catergory? How friendly are these groups and catalog items are to entry/Licensing?

@inventRight

5 жыл бұрын

In the promo category, we know of inventors who have licensed: A Lint Card www.linkedin.com/feed/update/urn:li:activity:6470365491335692288/ Keychains: www.entrepreneur.com/article/315651 And a bag clip! www.linkedin.com/feed/update/urn:li:activity:6470863146432159744/

Did the guy who created a big hospitality invention come out with it? Curious to hear what it was! :)

Hi Stephen. What's the equivalent of a provisional patent in the UK? I've looked it up a fair but it all seems a bit of a grey area. Sam

@stephenkey3137

9 жыл бұрын

Jump Hop sorry it's taking so long to get back to you. Each country is a little bit different. Read everything you can on your particular country intellectual property website. Many people file in United States first, using the provisional patent application. That gives you the option to file in your country later. Thanks for watching!

@toblerusseta

6 жыл бұрын

Stephen Key you can do that? Does it depend on where you plan to sell? I thought it was based on where one resides.

InventRightTV do I need to do a patent search before I file a ppa? Or can I just go straight to the ppa? And how much does a patent search cost? And can I do a patent search myself? I have a sell sheet, close to professional drawings and a list of companies to contact but I'm not exactly sure what my next step is. FYI I've watched all your videos . Thanks in advance

@stephenkey3137

9 жыл бұрын

kinistonjames91 to answer all your questions, I would recommend reading my first book "one simple idea". You can find it on Amazon or at your local library.

Who or what companies to contact for as seen on TV industry?

@inventRight

2 жыл бұрын

Look online for As seen on TV products and then looks who makes them. It's that easy. - Andrew Krauss, inventRight Co-Founder

Can you help with some Industries for solar, where do I take your class I would love to be one of your students I have many ideas but they are game changers

@inventRight

3 жыл бұрын

Get in touch with us! You can also learn about our coaching program and bi-weekly classes on our website: www.inventright.com/contact Here are testimonials from our students: www.inventright.com/new-testimonials

Hello guys! Love your videos because you are a wealth of knowledge. This was a critical segment because you have given me the secret industry to go after and how. I will be reaching out to you since you work with developing me to "make it happen". I've got patent, prototype, problem-solution and even my one-minute video. I'm well on my way.Excited about working with you both!!

@inventRight

8 жыл бұрын

Excited to talk to you about your ideas, Marja-Lee!

Where do you submit a video of your idea to As Seen on TV?

@inventRight

6 жыл бұрын

As Seen on TV is an industry, not a company. Here's more on how to license your ideas to ASOT companies: www.inc.com/stephen-key/is-your-product-right-for-as-seen-on-tv.html kzread.info/dash/bejne/pJ-Em6l9iJbWqNo.html

Hi there guys, love the videos. I have an interesting question (interesting to me at least) if I have an invention that I think 3M would like to license should I contact them once I have the PPA or should I actually stay away since they are so big and dominant in that they do? Thank you :)

@inventRight

5 жыл бұрын

Have you read this closely? www.3m.com/3M/en_US/company-us/unsolicited-idea-submission-policy/

@timelessplanet7647

5 жыл бұрын

I was looking for something like that. Ok. Wow. Definitely not worth the effort.

@timelessplanet7647

5 жыл бұрын

Thank you

What about the Industrial industry ?

What about the Outdoors industry, such as fishing?

@inventRight

4 жыл бұрын

Watch our students Tina and Mark discuss licensing their Bait Butler fishing invention to a market leader here: kzread.info/dash/bejne/mGp-o7eHiNzYYrQ.html It's open to inventors! Wilbur discusses licensing a product for deer hunters here: kzread.info/dash/bejne/Y5Oj17iyZqTaitY.html Thanks for watching!

I have an invention that I submitted a design patent for yesterday. I will also submit a utility patent. I am trying to decide whether I want to manufacture the product myself or license it.

@inventRight

5 жыл бұрын

Stephen lists the pros and cons of each in this article: archive.nytimes.com/www.nytimes.com/allbusiness/AB4968144_primary.html

Hi Stephen, what would happen if I submitted my ideas to more than one DRTV company at the same time? I did that following your advice on sending it to more than one. What should I do now? Any advice?

@stephenkey3137

8 жыл бұрын

+Erick M just wait to hear back. It usually takes about two weeks.

What should I ask for for the upfront fee and what is a typical percentage?

@stephenkey3137

9 жыл бұрын

kinistonjames91 No, asking for an upfront fee is not necessarily a good idea - I try to get the company to help pay for my patents, which benefits us both. 3-5% is typical.

I am from Spain. What is the equivalent of a Provisional Patent Application in Spain? (Or in Europe?)

@inventRight

7 жыл бұрын

There isn't (to our knowledge). We coach a lot of foreign students, and what we recommend is filing a PPA in the United States, which you can use to test the market here, and you then turn into a foreign application if you want to later on. Hope that helps. For more information: inventright.com/contact-us-today. Please note we are not lawyers and this is not legal advice.

Thanks Guys! How difficult is the healthcare industry to get a product license.

@inventRight

8 жыл бұрын

+Cheri Smith There can be obstacles with the health care industry but it is becoming more open. www.entrepreneur.com/article/270142

I have an as seen on tv innovation

Hey @inventRightTV you guys are super informative. Thank you for the great content. Do you have an e-mail I can contact with about a question concerning novelty gift manufacturers? I have a great idea but am not sure which type of manufacturer to contact first.

@inventRight

5 жыл бұрын

You're welcome! Sure. You can reach Stephen at stephen@inventright.com.

How about one looking at what you need to negotiate in any contract -- and where to start with a royalty figure. What's a minimum % you should shoot for? How do you determine that?

@inventRight

5 жыл бұрын

Hi Gillian. Royalty rates are typically 3-5%. We've created many resources about negotiation strategy, including this 17 video playlist: kzread.info/head/PLG-tVkiG-bLFeqB-6rjV0we8b3ukahpCT

@GillianLivingston

5 жыл бұрын

Thanks!

Any experience in the Photography industry???

@stephenkey3137

9 жыл бұрын

Tim Krause we have students that have licensed ideas in this category. Usually accessories.

While watching this and the previous video I noticed it that you are geared towards small industries not the large ones like renewable energy for example.

@inventRight

8 жыл бұрын

+Ahmad Hamad We wouldn't categorizes these industries as small by any means, but yes, there is a focus on consumer products.

@ogreycloud

8 жыл бұрын

+inventRightTV non the less, I think that many of your advises apply to all industries

What are biological and genetic patents considered if they and the ideas that they could inspire are considered difficult to work with?

@inventRight

4 жыл бұрын

Stephen and Andrew's expertise is in licensing consumer product ideas, not plant patents. USPTO.gov is a great resource for all questions patent-related. Thanks for watching!

Music especially the digital products (plugins/software) have a high potential for piracy.

@boonvang708

4 жыл бұрын

Solve this problem, you'll be a millionaire. I promise you.

How do we submit our ideas to these companies ? Like what are their websites and things like that

@inventRight

5 жыл бұрын

For a comprehensive guide on how to license your idea in 10 steps, check out Stephen's book "One Simple Idea": amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676

Hey, you guys are awesome. Stephen, I just ordered your book on Amazon a few days ago, 'Sell your Ideas With or Without a Patent' and I'm looking forward to reading it. I have a suggestion for another video...How about elaborating on email dialogue to potential companies for licensing? What to say...what not to say? Length of the email?...how to close a deal?..etc.

@stephenkey3137

9 жыл бұрын

Darrel Browning good morning. On our website www.inventright.com/learn-how-to-bring-your-ideas-to-market we have an e-book that addresses your questions. Still a great idea for a video! Thanks for watching.

@kc4ril

9 жыл бұрын

Stephen Key Thank you very much, I look forward to reading that ebook, but in this video you said just call, what is the best way to initiate contact with the companies, and do we need anything special to get them to take us seriously?

@stephenkey3137

9 жыл бұрын

kc4ril Calling is a good starting point; many companies use online submission forms these days as well. You need a ppa, a sell sheet, and to sound like you know what you're doing.

@kc4ril

9 жыл бұрын

Great, thanks for the info. I hope to become one of your students in a few months!

I have an idea for a greeting card, is the process the same.

What kind of changes can i make from my ppa to non provisional application?

@stephenkey3137

9 жыл бұрын

kinistonjames91 you cannot make any changes. You cannot add new material.

@kinistonjames91

9 жыл бұрын

Stephen Key I've just found out I can file another application with no problem. Do you usually pay your attorney to write up your apps or do you have the skill to write the specifications yourself? That is like a whole notha language! Lol

I have hired a very well known invention company to help assist me with my invention invention which should be manufactured soon. They also are in the process of filing for my 15 year patent. What are the pros and cons of the route I've taken?

@toblerusseta

6 жыл бұрын

Theresa Lucas Lamb you're spending a lot, it seems.

Hi Guys...How does one become a student? And my idea is something for the bathroom, what does a bathroom item fall under?

@inventRight

2 жыл бұрын

Hi Tanya, Visit this page to learn about our coahcing. inventright.com/services/ - Andrew Krauss, inventRight Co-Founder

Can you say hat novelty company you worked with?

@inventRight

7 жыл бұрын

Use the tips in this article, "How to Identify Companies That Will Want to License Your Product Idea," to come up with your own list of potential licensees: www.inc.com/stephen-key/how-to-identify-companies-that-will-want-to-license-your-product-idea.html.

Any input on the medical industry?

@inventRight

6 жыл бұрын

Hi Steve. We will be writing and making videos about product development in the medical industry moving forward. Thank you for the request.

Thanks as Always for the GREAT ! Info... Hey Stephen you spoke about making new Video's. I have a question, If I submit an Idea and it's picked up by a Licensee and I get My Idea into Production. Can I Ethically create a knock off or can the agreement include several products under the same agreement to License? I'm not like that but the facts are the facts, If you have a good Idea it's going to get Knocked Off sooner or Later. Or can my manufacture 3 or 4 different versions of the some product. Thanks Jesse! Two Thumbs Up on The Great Info! bd

@inventRight

6 жыл бұрын

You're thinking strategically about protection! Which is smart. You would definitely want to work with your licensee - to the extent possible - to work out your approach to dealing with copycats. We know some entrepreneurs who come to market with three or four different versions of the same invention, so they can capture more of the market. Thank you for watching and engaging with us Jesse.

@jessemgodinesjr

5 жыл бұрын

I really enjoy Your KZread Video Stephen because they are so Informative. I really hope I can work with You All One Day!

I would like to license a wig product , is the wig and hairpiece a friendly industry?

@inventRight

8 жыл бұрын

+Donotdoitdotcom The beauty industry at large works with inventors, yes.

how do I git insurance on an invention I allready go a resurch on and its all good and allready paid a patten attorney id like to sell my idea

@inventRight

7 жыл бұрын

Maybe we can help you. Get in touch with us: inventright.com/contact-us-today.

What about healthcare?

I think you forgot to mention to avoid product that require FDA approval ie health and personal care, beauty and baby product dont you think?

What is an average royalty in different sectors?

@inventRight

8 жыл бұрын

Royalty rates are typically 3-5%. You can negotiate for higher if you have strong intellectual property, proof of demand, sales, etc.

@stephenferreira427

8 жыл бұрын

That was my assumption. Thank you!

what about the baby industry?

What if the licensee licenses it to some one else?

@inventRight

6 жыл бұрын

That's known as sub-licensing.

Is an NDA good enough ?

@inventRight

3 жыл бұрын

Good enough for what?

Hi. I am in the UK. I am currently researching how to sell my product, which is very low tech and easy to make, for the education market. I have developed and made working prototypes which I use in my classroom. It is a simple idea based on years of advice and experience that just makes life much easier for teachers and pupils when learning to write -especially those who have difficulty. It could possibly be extended for use in other areas of the curriculum as well. I don't know if it exists already but I can't find it anywhere though I can find elements of it in other products. I would like to ask how easy or difficult the education industry is to sell to. I can imagine my product selling in school resource catalogues-my school orders a lot of resources from these catalogues especially the local authority approved one! My headteacher is very supportive of the idea too. I would like to develop the idea into a teaching tool for use on interactive whiteboards and an electronic version that can be used on tablets or computers. Please could you advise on how best to sell these ideas in principle. I am looking into patenting and am trying to write my own patent though I know this can be very difficult to do. I am so glad I have discovered InventRight as I was just about to meet with a product design company and patent attorney though I don't really have any cash flow (I am a teacher!) but was considering getting a loan to help get me get started. By the way, I have just ordered one of your books-arriving tomorrow by Amazon Prime! Also I am not sure who I can ask to come with me to negotiate a licencing deal with a company-What do you do if you can't find the right person? Many thanks, Monica

@inventRight

7 жыл бұрын

Hi Monica. We'd love to help you. Please give us a call: inventright.com/contact-us-today.

@thommytwotoestimesthree847

6 жыл бұрын

Look into a crowd funding campaign. Teachers, educators, administration staff...put your intentions in their arenas without disclosing the product or it's use because discretion is key to simple products...or services. "As seen on TV" may not be a route for you. But many companies have teaching seminars, so... Lots o Luck.

Hey guys, thanks for the video. Is the toy industry easy?

@inventRight

7 жыл бұрын

No

How do I join the class?

@inventRight

5 жыл бұрын

inventright.com/what-we-offer/ir-academy

How do I contact potential licensees?

@stephenkey3137

9 жыл бұрын

kinistonjames91 many potential licensees have online submission forms. Read them very carefully.

Beware of doing a google search for your ideas. Check out “area 120 at google “ google that then never ask them for help again. Area 120 is new product development.

@esam7865

4 жыл бұрын

What do you mean?

Open innovation contests and challenges are increasingly popular, but companies still don't get what motivates people to create. Instead of prize money, they should offer inventors a piece of the pie - aka royalties. www.inc.com/stephen-key/want-truly-great-ideas-treat-inventors-like-entrepreneurs-not-employees.html

I think I must talk to you, I think it’s time to trust someone!i!

Andrew, I haven't yet found anything about what you've invented...?

@inventRight

4 жыл бұрын

Learn more about Andrew and his history of helping inventors: www.inventright.com/about/about-andrew

I doesn't believe you where you say hotel and restaurant sales are higher than all retail. Not likely