Appreciate the candor, Tess. This was an exceptional video detailing cost and distribution issues. I see a follow-up success story in your future.

@inventRight

10 ай бұрын

Thank you for the kind words. Tess did a great job and was very transparent. - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

Are royalties on the wholesale or retail of the product

Can I get a license deal while raising money for the patent? I have been working with "For Sale by Invenor" to bring my concept to the market. They want almost 5k to start, and another 5k after provisional patent is up for utility patent. I am so stuck, I'm not wanting to start a business with this either. I want to license/lease it out. Its a worldwide product (patent searchs have been completed, assessments are all great, etc.). I'd like to move forward, advice please!

@inventRight

10 ай бұрын

Please do your homework. Type in complaints and lawsuits on anyone you decide to work with.

Always learning thank you for sharing guys! 👍💫

@inventRight

10 ай бұрын

Absolutely. -Andrew

Thank you for the video. Do you only deal with US or you could guide people in EU also?

@inventRight

10 ай бұрын

We've had helped members in over 65 countries. It doesn't matter where you live. You can license product from anywhere. - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

I have an idea and that product would sell. I started looking into Utility Patents and it seems like anyone can still steal it, which is fine. I want perceived ownership to be able to sell that idea at some point to another company. Or create a company myself. I need information to be able to create and sell the product.

@inventRight

10 ай бұрын

You are in the right place then. Watch our shows and book a call with us if you'd like to get some help. - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

Wow love this idea!

@inventRight

10 ай бұрын

I agree. Great idea. Keep watching and keep inventing! - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

Hey, I think your videos are great but I would like to see the products that's your guest have produced. So I can connect the process with the product and have examples to fall back on. Thank you and keep up the hard work!

@inventRight

10 ай бұрын

Of course. Here are a few of the products our members currently have on the market. inventright.com/buyers-guide/ - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

@gg-qm2cg

10 ай бұрын

What I was wondering about is the process of selecting materials and pricing materials for each component of the product. I got a lot of great insight from each guests and the host. Thank You!

It depends on the product category and the market, if you venture or license. Tess has a good product, it takes a lot of work and even more money to venture. This is a great sales video for signing up to license, it will scare the heck out of people. Nothing said here is untrue, other than the $50k to venture, that is way to low; think 10x to 20x in reality. But if you are one of the successful ones it can work out.

@inventRight

10 ай бұрын

Very true. Thanks for watching and keep inventing. - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

@inventRight

10 ай бұрын

I think you’re right. People don’t really understand how expensive it can actually be. If you’re not financially secure, it’s just a hobby.

Got 6 ideas. Don't know where to start. 😊

@inventRight

9 ай бұрын

Read "One Simple Idea" by Stephen Key - find it in libraries and on Amazon. It describes a proven process for licensing ideas in great detail. You can also contact us for help. Thanks for watching! This process is great for people with lots of ideas.

@empoweringquotesdaily88

9 ай бұрын

@@inventRight I solved a problem of a fishing problem that always lost a big catch of fish like tuna. When there line broke. My idea can remove the 6-8 feet tuna out of the water in minutes

Good Luck

@inventRight

5 ай бұрын

Thanks. - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

Venturing is for rich investors. Licencing is for upstarts. They invest you get a cut.

@inventRight

8 ай бұрын

Exactly. You've got it! - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

If you can't licence it don't build it yourself. Don't venture with money you can't afford to loose.

@inventRight

8 ай бұрын

While not true for everyone, Stephen and i have found over the last 24 years of doing inventRight that this advice is spot on for most inventors. Keep Inventing! - Andrew Krauss, inventRight Co-Founder ( Call, email, book an appointment or request more info about how we can help by visiting us here. inventright.com/contact/ )

Love the channel but, your classes are way to much in a society that is inflated. With the platforms out there today, a person can actually do better selling to online consumers than dealing with the whole retail chain mess. ETSY, Ebay, Amazon FBA, Walmart Marketplace and so on. By the time you might close a license deal with a company, you could be a top ranking seller on anyone of these platforms. Again, I appreciate the info here, but you guys too are out to make money by winning people over to sign up for your class. At the end of the day, that's what this channel is for.

@inventRight

10 ай бұрын

Thank you for watching!

@danielalexander9636

10 ай бұрын

I get what you’re saying but it’s still cheaper to licensing your own idea than selling it yourself online. Because product development and manufacturing are expensive.

@inventRight

10 ай бұрын

Sometimes it’s best for people to follow their dreams. Wishing you the best Scott.

@Mystery-jk3cq

10 ай бұрын

I disagree with your comment. Inventright is giving out free information from their own experience as well as from their own students experiences. It’s your own individual choice if you want to enlist in their program that helps guide you and hold you personally accountable for your own success. Stephen and Andrew are the real deal. I appreciate all that you guys are doing. I’ve had many invention ideas over the years and was always skeptical about invention submission companies. I want to get my ideas out there and see what happens before I’m too old. Thanks for your channel and keep on putting out the content

@cipiripi6644

8 ай бұрын

Did you even listen to the interview?

27"": "once you put your product out there, you cant keep file provisional patents". Why not? So long people don't know the exact expiry date (to file one and steal it from you), you keep that strategy to keep costs low.

She's braver than me 🤔go girl 👍