Thx for sharing your day And all thanks for this great insight!! Much appreciated 🤙🏾

Thank you. Good info 😁

I enjoyed listening to your advice and it looks like you had a wonderful time out there on the 4TH! I encourage everyone reading this to watch more if they really want to make their dreams happen. Thanks again Stephen.

@inventRight

5 жыл бұрын

Thank you Cole.

Great video! Love the music too!

Hi Steve love your work! Thanks for being such a help. I was just wondering if there was a way you can create a visual map of steps that need to be accomplished when getting ready to submit your idea to a company? It would be kind of like a table of contents visual map.

Great info! Thanks! I either read or saw you recently say for your first product, go for the one that's a small tweak on something. Not a revolutionary idea. In this I'm understanding you to say, stay in one genre long enough to create relationships. What if your products are in all different categories?

@inventRight

5 жыл бұрын

If you are serious about getting good at licensing, it helps a lot to stick to just a couple/few categories. That's what the pros do: www.inc.com/stephen-key/so-you-think-you-want-to-be-a-full-time-inventor.html

Good stuff - nice and pithy.

Great advise, as always!!!

@inventRight

5 жыл бұрын

Thank you for watching!

Ty sir💪

So glad I subscribed! I wanted to know when sending in the info, how do I get the NDA signed first?

@inventRight

3 жыл бұрын

It's unrealistic to expect companies to sign your NDA right away, before they have any idea of what your product idea is. More on that here: www.inc.com/stephen-key/non-disclosure-agreements-can-be-powerful-but-only-if-you-know-how-to-use-them.html Stephen explains how to get a company to sign your NDA here: kzread.info/dash/bejne/rGWtzKSceZmcprw.html

Let's say I file a provisional patent application for an idea w/o a working prototype. I get a company interested in the idea, but they say it needs modifications to work properly. They tell me they're willing to create a working prototype and manufacture it. Do I still own the rights to the invention, or do they now own it because they're the ones who figured out how to make it work?

@marcusholtjr

3 жыл бұрын

See that's what I'm trying to figure out

Thanks for the info! Is it a good idea to submit my product to companies that make competitor items? Or are they typically less receptive because they are already invested in their own version?

@inventRight

4 жыл бұрын

Companies that make similar products are exactly the ones you want to target! Thanks for watching.

Please don't talk down on inventors. "It's not about you." "They are busy." "They don't give a rats a** about your story." (another video). Etc. As much as inventors need the companies and not the other way around, we ar also not stupid. Respect should be mutual and reciprocal. One video I disliked where you received a negative feedback after the company willingly shared their contact and got flooded with suggestions and the person was complaining about the 'quality' of 'bad' ideas. They also held you responsible. Again you don't represent those people, and neither we are sworn to allegience. But the general sentiment was people somehow did a disservice by submitting all these creative ideas. As the rapper 50 cent said: "I'm down to sell records but not my soul" Having said that I am curious if you have any suggestions about multiple submissions. And negative feedback notwithstanding, I ABSOLUTELY love your content and videos which provide valuable information.

Is it a good idea to send sell sheet to creative director?

Good advices - thank you. Oh I really liked the music - who is that band ? Can I download it from somewhere ? :D

@inventRight

4 жыл бұрын

Thank you for watching!

Should I file a ppa on numerous inventions I have, or try one first and then submit the rest? Some are more intriquet then others, but all can be made efficiently.

@inventRight

5 жыл бұрын

We believe there is great value in working your way through the 10 steps first before moving on to other product ideas.

@dronus

5 жыл бұрын

@@inventRight I cant afford your program, my gf and I have six kids. I'm doing what I can without money right now, and that's mainly making them into 3d objects. It helps me get a different perspective, and because of that I'm always making my ideas better and better. I will try a simple one first. How hard is it to approach auto manufacturers into making a universal part of theirs, into using my invention? I have 2 thatll revolutionize certain aspects of the vehicle. It's simple, yet effective, very effective.

Hello Steve, I was your student before 2-3 years. I would like to ask if companies interested to improved products or to unique ideas?. My idea exists but it's very improved from the existing products with important features not just design. From your courses I learned that a prototype helps, but I guess as individual I can't make it look 100% as industrial product, is a problem?

@inventRight

4 жыл бұрын

Hi Stergios. Have you gotten any feedback about this idea from companies? An improvement to an existing idea - if the benefit has value in the marketplace - can be the easiest way of securing a licensing deal. Don't let not being able to make a prototype stop you from taking action. Different industries have different requirements, but you never need a works-like looks-like prototype right at first.

Looks like Wild Wood Tx

I have a couple kitchen product ideas. Are there a few licensing companies that you’ve worked with or trust that you could share with me that I could contact with my sell? Thx so much. New to your channel!

@inventRight

5 жыл бұрын

You can find a list of companies looking for ideas for free on inventleaders.org/.

Hi mr Key. What to do when company likes your idea for a toy but first they offer some small reward instead of license?Should we reject and go for royalties?

@kbar1128

4 жыл бұрын

Interesting- ive yet to hear anybody say that happened to them. Id really love to know what you ended up doing

Sell ourself first, then our idea. got it. ;)

I need you guys , i am stuck under a rock . I am scared i cant lie.

Is there a specific title for the person who you give your ideas to?

@inventRight

5 жыл бұрын

Yes. Our free ebook "Getting In" goes in-depth on this: www.inventright.com/getting-in

The pitential licensee companies should assure inventors who submitted their inventions with a acknowledgement that they had received their inventions.

How do you do a product sheet for a product that doesn't exist?

@inventRight

5 жыл бұрын

Here's how inventRight coaches have created functional prototypes (meaning sell sheet ready( for their product ideas: www.entrepreneur.com/article/280381

3% royalty rate for a specialty tool designed for the oil and gas industry. MSRP will be between 80$ - 120$. Does this sound normal, or pretty low.

@kbar1128

4 жыл бұрын

I think they typically say between 3-10% with many falling about 5%......How did it go?

Should you always sumbit videos of your invention or is powerpoints okay?

@inventRight

4 жыл бұрын

No one is going to want to review a PowerPoint presentation. Shorter and more to the point = better.

@childofgodflower7015

4 жыл бұрын

inventRightTV oh I just thought they like the professional look of PowerPoints. My bad.

Your website is invest help?

@inventRight

5 жыл бұрын

No. Stephen Key is the cofounder of inventRight: www.inventright.com/

Likely testing our patience, the lack of this being a hallmark of the "crazy inventor" they wish to avoid. Give em three weeks and act like your idea isn't the most important one you are working on.

@inventRight

5 ай бұрын

Yes. - 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'll tell you what happens, in 1990 I submitted an Idea to P&G, Signed a contract and they took my idea for a new type of disposable diaper backsheet. all current diapers use this, and I got nothing for all my hard work. To be blunt, this happens more and more over the years. Many of my conceptual designs have been used, and no residual have been forthcoming. And yes I can prove all of it. from the Conditioned Sleeper /Comfort Sleeper to the newer smoke detector that Kiddy has adopted, and so many more. Including my literary illustrated works entitled Eco Guards & Robo Trek. Don't Believe me, check out the UN Agenda 21 and then read the 1987 version of the Eco Guards series. If you have any IP's protect them.

I hate all the unnecessary MUSIC! In between every comment. What's this, another infomercial ?

All Ears...

Got my way rejection letter from Hasbro. They gave me a list of brokers who will take a percentage of the royalties to submit my idea. Lol

@alexr4208

4 жыл бұрын

How long did it take to get a message back from Hasbro? I was planning on submitting something to them in a few weeks. Did you do a prototype or just a description and illustrations? Thanks.

@ruebencavazos4960

4 жыл бұрын

@@alexr4208 it was about a week

@ruebencavazos4960

4 жыл бұрын

@@alexr4208 I sent a design concept, a few ideas for accessories..and a brief sketch of mechanics.

@alexr4208

4 жыл бұрын

Okay, thanks. That really helps me out. If I make a prototype, it's extremely crude. I may just draw it out for them. I'm still trying to decide what to do with it. Hasbro just seemed like a good fit for it. This helps me out.

@ruebencavazos4960

4 жыл бұрын

@@alexr4208 Good luck man, i hope you get a great response and they like your idea🙏

Is it normal for a manufacturer to have 100% exclusive rights to make my product.

@inventRight

5 жыл бұрын

What do you mean when you say manufacturer? Do you mean licensee? Because yes, it is not atypical for a licensee to want an exclusive. However, it all comes down to the art of negotiation! www.allbusiness.com/to-grant-exclusivity-or-to-not-grant-exclusivity-14771556-1.html

@ramsayperez3043

5 жыл бұрын

Yes a licensee.

How do poor people make it through this process. I need legal advice. I need help! I have a product for the oil and gas industry with alot of interest and a manufacturer wanting to make it. I have a PPA thanks to inventright's advice but the pro bono help the USPTO office provides to move forward, has a 6 month lead time.

@inventRight

5 жыл бұрын

Do you have a local inventors group, and have you reached out? They can be a great resource.

I gotta say, respectfully, that I do not dig this new format in which you mix parts of the information video with music-filled inserts of the place where you are. They make the videos hard to follow and annoying to watch. Nothing wrong with just sitting somewhere or walking through the woods while talking about the subject at hand. This video could have been 8 minutes long but instead is almost 14. Please don hate me for saying it.

@stephenkey3137

5 жыл бұрын

ca1978 Thank you for your input.

@ca19788

5 жыл бұрын

@@stephenkey3137 Given with the utmost respect, I hope is not taken the wrong way. The inventRight channel is by far the best resource for product licensing.

Your musical interludes are maddeningly *LOUD!^ That's very bad editing on your productions. I may not be the only viewer who watches YT at night, who wants to hear what you say without pissing-off sleeping neighbors when your overblown music starts, and I can't turn the sound volume up & down fast enough. Yeah, there's software to modulate sound levels, but it sucks, so fix this infuriating practice at your end during editing. Why piss off listeners and their neighbors needlessly? Please consider going back & reducing (modulating) the volume on your old videos too. I want to hear what you are saying, but I won't watch you anymore until you fix this!

@inventRight

2 жыл бұрын

Have you tried headphones? Thanks for the feedback on our 800+ free videos!