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How to spot BS

Postby Roger Brown » Mon Mar 05, 2007 7:21 am

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I am constantly getting emails from Inventors that have been specifically contacted by a Invention Marketing company and want to represent them. What the Inventor fails to do is spot BS in the pitch. Below is recent posting from Invent-Tech. I want you to read it and see if you spot, in my opinion, the BS. I will comment below each quote in my opinion the BS. See if yours matches mine.
As an Inventor you will get hit on multiple times by companies wanting to separate you from your wallet. You have to read between the lines to get at the truth. Don't be flattered that they contacted you. Be suspicous and cautious. They didn't do it because they like you. They did it because they see money coming their way out of your account.

Invent-Tech closes out fruitful February by securing advanced level of interest in 2 more product ideas…
February 28th, 2007
Good evening, Juan C. Blanco, Invent-Tech’s Director of Product Licensing, checking in with our mid-week update. It has been an incredibly productive month at the nation’s preeminent inventor assistance firm, and it was fittingly capped off today with the securing of an advanced level of interest in 2 more product ideas from the Invent-Tech roster.
The first invention is a professional medical accessory that a company has been reviewing for several weeks. The manufacturer first became interested in the item after reviewing the preliminary, non-confidential information contained in the Manufacturer Introduction Package they received. After agreeing to confidentiality, they received the package of detailed design information on the product that we customarily send to manufacturers and that has been highly effective for many years in helping to solidify interest in inventions from the Invent-Tech roster. After also speaking at length with a Manufacturer Response Team member about the licensing goals for the invention, the company opted to put their interest in writing today and will spend the next several weeks doing everything possible to secure the information and data they will need to make a long-term decision on the invention’s potential fit with their product lines.


1. They make a big deal out of getting 2 advanced levels of interest. First define "advanced level of interest" Second, they promote themselves as "the nation’s preeminent inventor assistance firm" and they only had two bites in a month. And those are not signed contracts just advanced levels of interest. I get more bites than that in a month and I am not "the nation’s preeminent inventor assistance firm"

The manufacturer first became interested in the item after reviewing the preliminary, non-confidential information contained in the Manufacturer Introduction Package they received.After agreeing to confidentiality, they received the package of detailed design information on the product that we customarily send to manufacturers and that has been highly effective for many years in helping to solidify interest in inventions from the Invent-Tech roster.
Whoopee!!! They sent them a mailer!!! and the company signed a nondisclosure!! That is standard practice prior to sending them any detailed info.

After also speaking at length with a Manufacturer Response Team member about the licensing goals for the invention, the company opted to put their interest in writing today and will spend the next several weeks doing everything possible to secure the information and data they will need to make a long-term decision on the invention’s potential fit with their product lines.
They spoke to a salesman at Invent-Tech who went over what percentage they would expect if the company decided to license the idea. The company said they would review the product and let them know if they want to procede.


NEXT
Invent-Tech makes contacts with various companies actively searching for new product ideas during Day 2 of Hardware and Construction Expo…
Good afternoon, Juan C. Blanco, Invent-Tech’s Director of Product Licensing, checking with another quick update during Day 2 of the Hardware and Construction Expo. Although the event is modestly sized, the quality of exhibitors is certainly strong, and that has been reflected in some of the contacts we’ve been able to make throughout our two days here.
We have secured business cards from companies in the security, lighting, power tools, hardware, cleaning, and painting products industries, just to name a few, in our excursions through the show floor. There is a certain intrigue that we often find is present when we first explain the nature of our business to these companies. The reality is that many manufacturers, regardless of whether they employ internal research and development departments, are always eager to look at new product ideas in their industry without risk, as Invent-Tech offers them the opportunity to do.


We have secured business cards from companies in the security, lighting, power tools, hardware, cleaning, and painting products industries, just to name a few, in our excursions through the show floor.
They make a big deal out of "secured business cards" If you have veer been to any convention like these you don't have to "SECURE" business cards most booths are eager to hand you their card that is how they hope to increase sales. I have had people at booth step in front of you to stop you long enough to hand out their card. So, making a big deal out of "securing" cards is crap.

There is a certain intrigue that we often find is present when we first explain the nature of our business to these companies.

The company is suspious of them.

NEXT
Invent-Tech wraps up Day 1 of Hardware and Construction Products Expo with successful networking session…
Good evening, Juan C. Blanco, Invent-Tech’s Director of Product Licensing, checking in with our final update for a very busy Saturday. The 10 hour marathon session that was Day 1 of Hardware and Construction Expo is nearing conclusion, and Invent-Tech wrapped up today’s proceedings with a successful walk through the show floor that consisted of networking with the varied group of exhibitors that are part of the show.
Invent-Tech personnel were able to make key contacts with companies specializing in a diversified group of industries. Included in these was a company that holds the exclusive license for one of the world’s top brands in security products. They were pleased to learn that Invent-Tech had a potentially substantial inventory of product ideas to share with them, and emphasized that they would be willing to review them under confidentiality. We will definitely be performing prompt follow-up with this company in the days following the conclusion of the event.




The 10 hour marathon session that was Day 1 of Hardware and Construction Expo is nearing conclusion, and Invent-Tech wrapped up today’s proceedings with a successful walk through the show floor that consisted of networking with the varied group of exhibitors that are part of the show


They went around and introduced themselves to the exhibtors. Gee, I think that is what they are paid to do. Big Deal. You would do the same thing if you were there pitching your ideas.

Invent-Tech personnel were able to make key contacts with companies specializing in a diversified group of industries. Included in these was a company that holds the exclusive license for one of the world’s top brands in security products

They got another business card and talked with someone at that booth.

They were pleased to learn that Invent-Tech had a potentially substantial inventory of product ideas to share with them, and emphasized that they would be willing to review them under confidentiality

Explain "potentially substantial inventory of product ideas " Is that the same as being Potentially pregnant? Sounds like they don't know if they have ideas in that companies target market or not. Second, the company agreed to sign a nondisclosure before reviewing any ideas. Again standard practice. Nothing earth shattering about that.

We will definitely be performing prompt follow-up with this company in the days following the conclusion of the event.

We hope we hooked a big fish and will call him back. Gee, what a plan. You are going to call someone back that asked to see your ideas in their target market. I can see why they are "the nation’s preeminent inventor assistance firm"

Check out this link to a complaint against them. http://www.uspto.gov/web/offices/com/ii ... houdek.htm
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I have gotten 9 products licensed spending less than $100 on each, you can too.

Postby Michelle » Mon Mar 05, 2007 4:19 pm

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Ohh, this is interesting.

I think this should be a sticky discussions for the forums.

Post any BS you see about the inventor space on this thread.

Warning...I gave BottleSling a piece of my mind on
viewtopic.php?t=4
for saying stuff about us that was not true.

No accusations without backup or some sound logic like Roger just posted.

Please.

I think this could be a great thread idea. Thanks Roger.

Anyone care to counter his comments about InventHelp?

New to your site

Postby mojo62 » Tue May 08, 2007 5:11 pm

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:D Hello, My name is Jim, I have been reading your site for months.
I have been reading comments from Bootlesling guy, Roger Brown
and of course, you Michelle. I want to help bring inventors to this site and
help them with what I can. I am a first time inventor, but think I have a great product like most inventors do. Yes, I am one of those audition
first round rejects also. I no longer wish to talk about that, I am one to not
dwell on the past and move forward. I am a inventor that could not afford
a patent attorney to continue my patent application after the first two rounds of money I spent paying him. I have done a continuation in part
application on my own. I know that this is not recommended, but I think after heavy study on patent writing and claim writing, it is much easier than I anticipated. I have learned a lot of things by doing my own patent work and have learned a lot from reading this web site and others. I have also learned (in the last two years) what I would and would not do again.
I will be back to chat as time permits...Good to meet you all....Jim

Postby Michelle » Tue May 08, 2007 9:26 pm

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Welcome Jim:

Good to have you joining us.

Michelle

Al Gore contest

Postby mojo62 » Wed May 09, 2007 8:20 am

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:) Somewhere in this forum, I read where someone mentioned the environmental contest in which Al Gore was a part of. I will search the web
and read the details. What I was interested in was pooling with other inventors to explore the possibilty on further discussions about ideas for this contest. I would like to start off by asking which forum would this be best discussed and what type of ideas we think would compete in this contest. What would compete? Some sort of new fuel, some sort of computer program for individuals to input personal environmental savings and recieve a tax break on thier progress or a new technological breakthrough? Could a competing idea come from a pool of bright individuals that do not even know each other? How about 10 to 20 folks? Does this sound possible or crazy?.....jm

Postby Contextion » Thu May 10, 2007 4:18 am

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What do you think about http://www.inventor-mentor.com ?


Hey Mojo Im down to help out with the virgin earth contest. Lets start another thread to post our ideas.

virginearth.com

Postby mojo62 » Fri May 11, 2007 12:11 am

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Contextion,
I am up for starting a new thread on the virgin earth contest.
I am new to this site, do you mind getting it started. I need to apoligize for jumping in with unrelated comments in some of these threads. Sorry, I am learning :oops: ....jm

jack lander

Postby Roger Brown » Sat Sep 29, 2007 9:59 am

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What do you think about www.inventor-mentor.com ?

Has anyone read any of Jack Landers books? Were they worth the price and time to read?
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.

Postby Michelle » Sun Sep 30, 2007 5:33 am

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I think he stinks because he does not link to our site. :) (Only half-kidding.)

I checked for his book at Amazon and now, I am a little confused. Amazon shows a slightly different version, probably themost current one?

jack landers

Postby Roger Brown » Sun Sep 30, 2007 6:00 am

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I think they are two different books. The one on his website has a different ISBN number - ISBN: 0935722467
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.
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