by Alan | Sep 25, 2017 | Licensing, Uncategorized
In any gathering of inventors, there will be a group of inventors who exclaim, “You can't make money licensing your invention!” Is this statement right or wrong? It depends upon you, your invention, and your goals. My Take on Licensing vs Building a...
by Alan | Jul 9, 2017 | Invention, Keys to Success, Licensing, Make the best deal you can, Risk versus reward, Royalty rates
My last post Navigating Your Licensing Agreement to Success was, …. well a success. It seems many readers liked the post. So, I decided to add a Part II to the post. In that post, I mentioned that many inventors get ‘greedy' when they are on the cusp of...
by Alan | Jul 4, 2017 | Invention, Keys to Success, Leverage, Licensing, Make the best deal you can, Manufacturing in China, Marketing, Profitability, Royalty rates, Shark Tank
Everyone has seen a Shark Tank episode where an offer was dramatically canceled, at the last moment. In almost every case, the inventor became a bit too greedy or unwilling to compromise, causing the shark to rescind an otherwise potentially lucrative deal. What a...
by Alan | May 3, 2017 | Career choices, Creativity, Ideas, Innovation, Invention, Licensing, Marketing, Patents, Setbacks
Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference. Robert Frost The above poem,one of the most oft quoted from poet Robert Frost, resonates with millions more than 100 years after it was written. Inventing...
by Alan | Feb 7, 2017 | Culling ideas, Focus, High profit margin, Invention, Licensing, Paths for your product, product pricing, Risk versus reward
When I conceived my idea for a thin, flexible wallet invention in 2002, I was very excited about the potential of my invention. But, I had no clue what I should do first. So I found a patent attorney and filed for a utility patent on my product. Ready, fire, aim!...
by Alan | Nov 6, 2016 | Invention, Invention marketing companies, Keys to Success, Leverage, Licensing, Product development
William Jones, captain of Marines in the Providence (the 28-gun frigate, not the 12-gun sloop) then at Boston, advertised in the 20 March 1779 Providence (R.I.) Gazette the need for “a few good Men” to engage in “a short Cruize” and gave the...
