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by Road Show » Sat Jan 13, 2007 8:43 am
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I get your point, and to be honest, I hadn't though of it that way. It is possible to arouse "suspicion" by being too polished. So what you are suggesting is that being a little more unassuming and letting the invention speak for itself is better in some cases than trying to appear uber-sophisticated, no?
by Rodney Long » Sat Jan 13, 2007 8:51 am
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Road Show wrote:I get your point, and to be honest, I hadn't though of it that way. It is possible to arouse "suspicion" by being too polished. So what you are suggesting is that being a little more unassuming and letting the invention speak for itself is better in some cases than trying to appear uber-sophisticated, no?
Not "some" cases, the invention must speak for it's self in all cases.
Because the "product" must speak for it's self to the consumer, the manufacturer knows this.
All you really need is some good drawings, I prefer CAD drawings, over even three D, most manufacturers prefer the same in a submittal.
By the way, never send anything un solicited , you ask before sending, or it will end up in the trash, not even considered
pitch
by Roger Brown » Sun Jun 24, 2007 2:31 pm
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I totally agree with Rodney. You can have the greatest pitch for your idea, but the true test is will the consumer still get the idea if you aren't there to pitch it?
Some people are natural born salesmen/women and can sell you the air you are breathing. Once they are gone you realize you got caught up in the hype of the pitch. Like all those movie teasers and the movie is dud other than the great clips they flashed in front of you on T.V. to get you to the theater.
If your idea has merit anyone can look at it and go Aaaaaah I get it and see its purpose and benefit. If your idea can't stand on its own you need to go back to the drawing so to speak.
Some people are natural born salesmen/women and can sell you the air you are breathing. Once they are gone you realize you got caught up in the hype of the pitch. Like all those movie teasers and the movie is dud other than the great clips they flashed in front of you on T.V. to get you to the theater.
If your idea has merit anyone can look at it and go Aaaaaah I get it and see its purpose and benefit. If your idea can't stand on its own you need to go back to the drawing so to speak.
Come visit my sites at http://www.RogerBrown.net
or http://www.looking2license.com
I have gotten 9 products licensed spending less than $100 on each, you can too.
or http://www.looking2license.com
I have gotten 9 products licensed spending less than $100 on each, you can too.
by makeworldbetter » Mon Sep 10, 2007 10:15 am
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Last post was Jan then Jun 2007
I hope you can talk about ballpark royalty percentage and other DO and DON'T in licensing talk.
I hope you can talk about ballpark royalty percentage and other DO and DON'T in licensing talk.
licensing
by Roger Brown » Mon Sep 10, 2007 10:38 am
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Roger Brown - Black Belt
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Most companies pay between 3% to 5%. I have gotten as high as 12% for a device in the nuclear industry. It also depends on if the company is paying an advance. they may give a smaller percenatge for a larger advance up front or a smaller advance or no advance for a higher royalty.
If the cost of the invention is extremely high to produce and they have a lot invested in the initial stages they may want to start off slow with the royalty and build it as they get more orders.
I have heard of a number of weird deals worked out between the Inventor and the company. But, as a base line it is 3% to 5%.
If the cost of the invention is extremely high to produce and they have a lot invested in the initial stages they may want to start off slow with the royalty and build it as they get more orders.
I have heard of a number of weird deals worked out between the Inventor and the company. But, as a base line it is 3% to 5%.
Come visit my sites at http://www.RogerBrown.net
or http://www.looking2license.com
I have gotten 9 products licensed spending less than $100 on each, you can too.
or http://www.looking2license.com
I have gotten 9 products licensed spending less than $100 on each, you can too.
Well this is refreshing!
by coffeeho » Mon Sep 10, 2007 12:40 pm
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Interesting topic!
Most invention-related threads are about how to get products to market (et al). The part I enjoy is simply creating and figuring out solutions to problems - That's the fun part!!!
The drudgery of actually making and selling the solution is decidedly un-fun.
thanks for a good topic - I'll be watching.
Most invention-related threads are about how to get products to market (et al). The part I enjoy is simply creating and figuring out solutions to problems - That's the fun part!!!
The drudgery of actually making and selling the solution is decidedly un-fun.
thanks for a good topic - I'll be watching.
invention
by Roger Brown » Mon Sep 10, 2007 1:47 pm
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Roger Brown - Black Belt
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Coffeho You said
I beilieve cashing the check for making and selling the solution is very fun!
The drudgery of actually making and selling the solution is decidedly un-fun.
I beilieve cashing the check for making and selling the solution is very fun!
Come visit my sites at http://www.RogerBrown.net
or http://www.looking2license.com
I have gotten 9 products licensed spending less than $100 on each, you can too.
or http://www.looking2license.com
I have gotten 9 products licensed spending less than $100 on each, you can too.
Re: invention
by Road Show » Mon Sep 10, 2007 3:07 pm
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Road Show - Brown Belt
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Roger Brown wrote:Coffeho You saidThe drudgery of actually making and selling the solution is decidedly un-fun.
I beilieve cashing the check for making and selling the solution is very fun!
Plus...having an income stream from past success finances future "decidedly fun" endeavors.
RSG
income
by Roger Brown » Mon Sep 10, 2007 5:23 pm
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Roger Brown - Black Belt
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As always you are quite correct Road Show. It makes going to the mailbox an adventure. It is so strange to license a product, have a company selling them all across the country and get checks on their efforts in your behalf.
I love this job!!!
I love this job!!!
Come visit my sites at http://www.RogerBrown.net
or http://www.looking2license.com
I have gotten 9 products licensed spending less than $100 on each, you can too.
or http://www.looking2license.com
I have gotten 9 products licensed spending less than $100 on each, you can too.
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