Invent something make money

Posted: vsego Date: 15.07.2017

Of course, the barriers to getting our ideas out of our heads and onto store shelves is usually a combination of factors:. The reality is that oftentimes, these barriers are very easy to overcome with just a little guidance from the right person. Stephen Key Stephen is the New York Times Bestselling author of One Simple Idea: Turn Your Idea into a Licensing Goldmine While Letting Others Do The Work.

Licensing is the process by which you the inventor come up with an idea or concept for a product, then simply sell that idea to a company and collect the royalties every single time they sell one.

Whenever I think about inventors, I always picture Edison toiling in his lab for 25 years trying to create a lightbulb. Could it really be that easy? Oh, you know, little things like Lazer Tag and Teddy Ruxpin. Daniel is the founder and CEO of Rich20Something.

His work is regularly featured in Time Magazine, Fortune, Entrepreneur, Business Insider, Fox News, and Yahoo! His debut book, Rich20Something, publishes on May 2, Talk about getting the creative juices flowing! Better than a cup of coffee! Wow this was amazing!

Absolutely loved the show Daniel! Question for you people: Most people dont realise this but apart from improving products as shown in the video above you dan also sell improvements of a PROCESS that for example will speed up paperwork or a way they can employ less people yes I know the last one is nasty but its business and they will fire people at one point maybe even if they find out your idea themself in 1 year or whenever.

7 Steps to Turning Your Idea or Invention Into Cash | Money Talks News

If you think this might help them, share it with them. Well ok I agree it is good for your blog but we might make more money if we would help people stuck on a project for a small share of their profit depending on how good their project is.

Really glad I was able to take the time and watch.

Inventing - Professional Inventing - How to Make Money from Inventions - Invention City

You put out some rich content…part of that rich20something url methinks. Came up with that idea at the end of working as a part-time manager at a grocery store. Have to admit it stung a little seeing it in the stores much later. Ha, this is fantastic! Star wars, halo megabloks… the works.

Got a Million-Dollar Idea? Become an Inventor -- Without Risking Your Savings

But there are usually a few that I see and think: Now i have a framework to actually go to those companies and get them to do it. I have no ideas right now but I know something will come up. Hi Daniel — another great interview! My question is, how developed does your idea have to be? So key to gain confidence in our ideas, and to meet a ton of folks as we share our story and idea.

I still do to this day. He taught me how to play the game and I licensed my first idea in 4 months. It went through the process and was ready to hit the market after 2 years of waiting and then I got a call from the company and they filed for bankruptcy.

I am negotiating with a company third deal in 4 years and we are signing documents next week! Stephen teaches the numbers game. I have failed my way to a licensing deal! This interview with Stephen hit the nail on the head when it comes to the licensing game. Very smart guy to interview, Daniel.

So many valid points made here. Great work with him! Lots of info that I was wondering about myself for my own endeavors. Thank you so much for another inspiring interview! Or is it still hush-hush? LolaB Thanks so much for the compliment and great question.

Tom, what do you think? I will ink the contract within a week and will be happy to discuss it with you.

invent something make money

I have recently received a utility patent from the USPTO for the product. Highly recommend Stephens book One Simple Idea. Great stuff, easy reading and lots of reference material. So many ideas, so little time. LolaB My instinct is that, yes, you should let them work out the details.

Looks like a trip to the pet store is the next step to find out who to pitch it to! You can license your app source codes like on http: I just cold-called my first company, after browsing some shelves at a local store in a niche that interests me, and asked what the product submission process was.

My name is Kyle Buchbach and I am currently a senior at the University of Illinois in Champaign. I only wish I would have stumbled upon your website sooner. I feel like a new man and as if a 1, lbs. Called a manufacturer this afternoon, they said it would be best to have a PPA at minimum. Playing patent lawyer this week and filing PPA on Monday. Never thought it could be this EASY to develop a product that could be so helpful, and have it basically pay for the patent itself!

Thanks Daniel, for an awesome post, and an invaluable wealth of information!!! After that I compete with my group in an international competition and hope I succeed.

invent something make money

Currently working on a sell sheet to hopefully turn in later this week! Reach out to me at businessadvisors. Joshua Ackam is my name and i am from Ghana i am trying to event something no one has ever invented. I actually did a ideas-indays challenge last year and now I can really see that they could actually be profitable. I would be a dream to live off my ideas. Our Blog Book Podcast Mixtapes Videos Courses About. Of course, the barriers to getting our ideas out of our heads and onto store shelves is usually a combination of factors: What is licensing, you ask?

Ok, you have my attention.

5 Steps for Turning Your Invention Ideas Into a Product

Basically, my entire childhood. Daniel DiPiazza Rich20Something Daniel is the founder and CEO of Rich20Something. BTW — I owe you a text!

Can you license apps and if so where is the best place to do that???? OK,how was this set up?

invent something make money

Are you actually talking to Stephen live in this? JulietAnnerino My pleasure, as always. And thanks for being a wonderful part of the community!

Tom Wow, this is EXCELLENT!!!! Are you working on anything right now?

How to invent and make money - our first group therapy session. (Part 1)

How far along are you? TheDarkLlama Same here, man. Nathan Chaney Have you ever spoken to any dentist? Is this a common problem? I was given a name and email of somebody to contact. A lot of sweat equity goes into developing an invention.

An absolutely fantastic method! Awsome vid, and thanks to Stephen Key. Gustavo Braga — O Aprendedor. SUBSCRIBE HERE TO GET 25 KICKASS BUSINESS IDEAS. STAY IN TOUCH WITH US. SNAPCHAT US Rich20Something OUR VIDEOS YOUR WORLD SEE HOW WE DO BIZ GET THE LATEST AND GREATEST FOLLOW US TO GET THE MSG.

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