inventRightTV Podcast

Do you have a hardware idea? The easiest way to license an idea is by attending a trade show. In this video, licensing expert Stephen Key shows you how. He travels to Las Vegas, Nevada for the 2019 National Hardware Show and addresses what to wear, whether to bring a prototype of your invention, how he approaches companies looking for ideas, why you should introduce yourself as a product developer, and more. This is the insight you need to get the most out of a trade show if your goal is to license your product idea/invention.

Bringing an invention to market? Let inventRight, the world's leading experts on product licensing, show you how. Co-founded by Stephen Key and Andrew Krauss in 1999, inventRight has since helped people from more than 60 countries license their ideas. Visit http://www.inventright.com for more information and to become their student.

Call #1-800-701-7993 to set up an appointment with Andrew or another member of the inventRight team to discuss how we can help you license your ideas.

New to licensing? Read inventRight cofounder Stephen Key’s bestselling book “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: http://amzn.to/1LGotjB.

Want to learn how to license your product ideas without a patent? Stephen's book “Sell Your Ideas With or Without a Patent” explains exactly how. Find it here: http://amzn.to/1T1dOU2.

inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.

Stephen Key, inventRight cofounder and licensing expert, explains that negotiations begin the minute you come up with an idea for a new product. Why? Because a big aspect of studying the market is understanding what will be required of you when you approach potential licensees: A prototype? A patent? Is it a PPA? Is it a trademark? Copyright? In order to get a good licensing deal — a fair royalty rate with appropriate minimum guarantees — you need to have some leverage. That's right. You're actually preparing to negotiate from the very beginning! Or, you aren't... which will create problems later on.

Bringing an invention to market? Let inventRight, the world's leading experts on product licensing, show you how. Co-founded by Stephen Key and Andrew Krauss in 1999, inventRight has since helped people from more than 60 countries license their ideas. Visit http://www.inventright.com for more information and to become their student.

Call #1-800-701-7993 to set up an appointment with Andrew or another member of the inventRight team to discuss how we can help you license your ideas.

New to licensing? Read inventRight cofounder Stephen Key’s bestselling book “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: http://amzn.to/1LGotjB.

Want to learn how to license your product ideas without a patent? Stephen's book “Sell Your Ideas With or Without a Patent” explains exactly how. Find it here: http://amzn.to/1T1dOU2.

inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.

Licensing expert Stephen Key interviews Brian, a member of the inventRight Academy program who recently licensed his invention idea. They discuss the importance of sell sheets, when you need a prototype, how to negotiate with potential licensees, writing your own provisional patent application for the first time, the waiting game, why giving a potential licensee too much information can be big a mistake, and more.

Bringing an invention to market? Let inventRight, the world's leading experts on product licensing, show you how. Co-founded by Stephen Key and Andrew Krauss in 1999, inventRight has since helped people from more than 60 countries license their ideas. Visit http://www.inventright.com for more information and to become their student.

Call #1-800-701-7993 to set up an appointment with Andrew or another member of the inventRight team to discuss how we can help you license your ideas.

New to licensing? Read inventRight cofounder Stephen Key’s bestselling book “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: http://amzn.to/1LGotjB.

Want to learn how to license your product ideas without a patent? Stephen's book “Sell Your Ideas With or Without a Patent” explains exactly how. Find it here: http://amzn.to/1T1dOU2.

inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.

Licensing expert Stephen Key explains why most inventors fail to bring their ideas to market from vacation in Peru. There are multiple reasons. Stephen knows because he's met countless inventors over the years at inventing groups. The failure rate is so high, it's tragic. He believes most inventors fail because they buy into the notion that they have a million dollar idea, and that it's going to be stolen from them. You need a lot more than a patent. Along with filing expensive patents, Stephen also believes expensive prototypes take a toll. Another reason? They don't have the time, money, or experience to start a business. Other issues include spending too long on one idea; waiting to get discovered; thinking someone else is going to do the work for you; and more.

Bringing an invention to market? Let inventRight, the world's leading experts on product licensing, show you how. Co-founded by Stephen Key and Andrew Krauss in 1999, inventRight has since helped people from more than 60 countries license their ideas. Visit http://www.inventright.com for more information and to become their student.

Call #1-800-701-7993 to set up an appointment with Andrew or another member of the inventRight team to discuss how we can help you license your ideas.

New to licensing? Read inventRight cofounder Stephen Key’s bestselling book “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: http://amzn.to/1LGotjB.

Want to learn how to license your product ideas without a patent? Stephen's book “Sell Your Ideas With or Without a Patent” explains exactly how. Find it here: http://amzn.to/1T1dOU2.

inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.

In this video, licensing experts Stephen Key and Andrew Krauss review a sell sheet submitted by a member of the inventRight TV YouTube community. Then they reveal that they had inventRight's Design Studio make it better. Yes, this is a before and after video! The new sell sheet is less crowded, looks more appropriate for the kids industry through the use of different colors, and overall is faster and easier to understand.

Thank you for sharing your sell sheets with us! Your marketing material is your #1 tool for opening doors to potential licensees.

Bringing an invention to market? Let inventRight, the world's leading experts on product licensing, show you how. Co-founded by Stephen Key and Andrew Krauss in 1999, inventRight has since helped people from more than 60 countries license their ideas. Visit http://www.inventright.com for more information and to become their student.

Call #1-800-701-7993 to set up an appointment with Andrew or another member of the inventRight team to discuss how we can help you license your ideas.

New to licensing? Read inventRight cofounder Stephen Key’s bestselling book “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: http://amzn.to/1LGotjB.

Want to learn how to license your product ideas without a patent? Stephen's book “Sell Your Ideas With or Without a Patent” explains exactly how. Find it here: http://amzn.to/1T1dOU2.

inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.

Licensing expert Stephen Key does not believe that purchasing a booth at a trade show is the best option for inventors who are pursuing a licensing agreement for their inventions. It's true that buyers are walking the aisles looking for products they can purchase to put in their stores. That's why everyone is there — to take orders. In his view, walking the show (with a list of potential licensees in hand) to visit and begin forming a relationship is a better strategy than hoping the right companies walk by your booth. Follow up later, after the show. You're there to see the whole industry. If you're in business and you're looking to take orders, that's a different story. But if you just have a prototype... walking the show is a better option in Stephen's opinion. Take your fate into your hands.

Bringing an invention to market? Let inventRight, the world's leading experts on product licensing, show you how. Co-founded by Stephen Key and Andrew Krauss in 1999, inventRight has since helped people from more than 60 countries license their ideas. Visit http://www.inventright.com for more information and to become their student.

Call #1-800-701-7993 to set up an appointment with Andrew or another member of the inventRight team to discuss how we can help you license your ideas.

New to licensing? Read inventRight cofounder Stephen Key’s bestselling book “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: http://amzn.to/1LGotjB.

Want to learn how to license your product ideas without a patent? Stephen's book “Sell Your Ideas With or Without a Patent” explains exactly how. Find it here: http://amzn.to/1T1dOU2.

inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.

The vote has gone into overtime. You can vote again. We are almost there! Vote: https://twitter.com/CBSInnovationTV/status/1123380068506578944

We need your help! Our coach Ryan Diez and his dog-washing invention the Woof Washer 360 have made it to the final round of the CBS Innovation Nation invention contest! Ryan is a highly valued member of our community who has done so much to help and give back to inventors. And currently, with only hours left to go in the polls, he’s behind.

You must have a Twitter account to vote here now: https://twitter.com/CBSInnovationTV/status/1123380068506578944

Ryan explains how much this means to him: “To be nominated by CBS’ Innovation Nation for the best invention of their past five seasons is an honor in itself. It’s even more of an honor that the inventRight community has rallied around me to celebrate!

When I see the Woof Washer on TV, in stores, and all over the internet I still to this day think, “Wow, this was never meant to happen!” Woof Washer was simply a way to make washing the dog easier for my father and me. I’ve always loved animals, but I never particularly enjoyed bathing them.

Anytime my product receives major press I share it with my father. He smiles proudly as he views it and neither of us need to say a thing. The sense of joy and accomplishment is really overwhelming.

I have made lifelong friends in our inventor community. inventRight is a vehicle for me to give back and my hope is that I can make a difference in someone else’s life. Sometimes a little extra motivation is all you need to move on an idea. I hope my experiences are a motivation to keep you pushing forward." — Inventor and inventRight coach Ryan Diez

Learn more about Ryan and the Woof Washer 360: https://youtu.be/H3B8cquPzqw

Read Ryan's articles about inventing: https://inventright.com/help/blog

Ryan's email is [email protected]

Bringing an invention to market? Let inventRight, the world's leading experts on product licensing, show you how. Co-founded by Stephen Key and Andrew Krauss in 1999, inventRight has since helped people from more than 60 countries license their ideas. Visit http://www.inventright.com for more information and to become their student.

Call #1-800-701-7993 to set up an appointment with Andrew or another member of the inventRight team to discuss how we can help you license your ideas.

New to licensing? Read inventRight cofounder Stephen Key’s bestselling book “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: http://amzn.to/1LGotjB.

Want to learn how to license your product ideas without a patent? Stephen's book “Sell Your Ideas With or Without a Patent” explains exactly how. Find it here: http://amzn.to/1T1dOU2.

inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.

Get notified about Stephen's new book: https://www.inventright.com/osi-licensing-signup

Licensing expert Stephen Key delivers a huge amount of very useful information about licensing agreements, including why you shouldn't sign one in your own name, why it's important that your licensee drafts the first version of the agreement (and not you), why you shouldn't feel surprised or upset by that first contract, why companies shouldn't own your intellectual property, improvements clauses, how to negotiate who files future intellectual property, infringement, when contracts are breached, defending your intellectual property, and much much more.

Bringing an invention to market? Let inventRight, the world's leading experts on product licensing, show you how. Co-founded by Stephen Key and Andrew Krauss in 1999, inventRight has since helped people from more than 60 countries license their ideas. Visit http://www.inventright.com for more information and to become their student.

Call #1-800-701-7993 to set up an appointment with Andrew or another member of the inventRight team to discuss how we can help you license your ideas.

New to licensing? Read inventRight cofounder Stephen Key’s bestselling book “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: http://amzn.to/1LGotjB.

Want to learn how to license your product ideas without a patent? Stephen's book “Sell Your Ideas With or Without a Patent” explains exactly how. Find it here: http://amzn.to/1T1dOU2.

inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.

Maria R. is a persistent inventor who has signed two licensing agreements for her inventions with the help of the inventRight coaching program. Licensing expert and inventRight cofounder Stephen Key interviews Maria about how she achieved success with her side hustle while maintaining a full-time job, balancing two projects, the right mindset for success, getting rejected, approaching potential licensees, and more. Don't miss this inspiring interview! Maria says: You really have to take advantage of all the opportunities out there for you. One day, it will hit. Her superpower is that she's extremely organized and disciplined. She talks about how getting a no is inevitable, and why that's actually a good thing.

Bringing an invention to market? Let inventRight, the world's leading experts on product licensing, show you how. Co-founded by Stephen Key and Andrew Krauss in 1999, inventRight has since helped people from more than 60 countries license their ideas. Visit http://www.inventright.com for more information and to become their student.

Call #1-800-701-7993 to set up an appointment with Andrew or another member of the inventRight team to discuss how we can help you license your ideas.

New to licensing? Read inventRight cofounder Stephen Key’s bestselling book “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: http://amzn.to/1LGotjB.

Want to learn how to license your product ideas without a patent? Stephen's book “Sell Your Ideas With or Without a Patent” explains exactly how. Find it here: http://amzn.to/1T1dOU2.

inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.

Order the Great Plate: https://www.greatplate.com/

Connect with Rick: https://www.linkedin.com/in/rick-kellow-717b316/

Licensing expert Stephen Key interviews inventor entrepreneur Rick Kellow, the inventor of the Great Plate. The Great Plate is a very simple idea that has many uses. Ever been at a party and attempted to carry your drink and a plate? Not so easy. The Great Plate holds 97% of all drinking vessels and is perfect for any occasion where you are eating and drinking. It can't be tipped over and it's easily carried with one hand! Rick describes the fairly long and expensive process of bringing the Great Plate to life himself with his wife. Now it's doing well, including a very successful run on QVC recently. Rick is not an inventRight student. They also discuss prototyping, pitching, the patenting process, and more.

Read Stephen's article about Rick Kellow, the inventor of the GreatPlate, on Forbes: https://www.forbes.com/sites/stephenkey/2019/07/31/how-to-stop-retailers-from-carrying-copycat-products/

Rick explains how he got a copycat product out of a retailer by being reasonable and polite.

Bringing an invention to market? Let inventRight, the world's leading experts on product licensing, show you how. Co-founded by Stephen Key and Andrew Krauss in 1999, inventRight has since helped people from more than 60 countries license their ideas. Visit http://www.inventright.com for more information and to become their student.

Call #1-800-701-7993 to set up an appointment with Andrew or another member of the inventRight team to discuss how we can help you license your ideas.

New to licensing? Read inventRight cofounder Stephen Key’s bestselling book “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: http://amzn.to/1LGotjB.

Want to learn how to license your product ideas without a patent? Stephen's book “Sell Your Ideas With or Without a Patent” explains exactly how. Find it here: http://amzn.to/1T1dOU2.

inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.