Inventors! - Expensive Rabbit Holes To Avoid

Need Help? Speak with Stephen or Andrew: Call 800-701-7993 or email stephen@inventright.com/ or andrew@inventright.com/

Thank you for sharing this moment with another great IR coach!!!!

Great video. A lot of the other ones push the virtual prototype. If you plan on inventing more than just one thing, learn basic prototyping. I'm an inventright student. We discussed going with a virtual proto. I'm so glad I did the work. It came out way better than I expected once I started getting into it. It went in directions I didn't expect. Talking with companies, they had requests or suggestions, and I was able to quickly get them what they wanted. 3D printers are so cheap and easy now. When I was young, 3D software cost thousands. Now is free. You can learn everything you need to know off youtube. However, I didn't heed Steven's warning. Too much competition in toys. My next choice of all the ideas I have is definitely not a toy.

This information is like gold. I had a friend of mine that received a settlement and he tried to start his own skin care company. After $80,000 patent attorneys he went through the 300 Grand and never got the company launched. He never approached a company about a licensing agreement because he wanted to run the show and that means that you take all the risk . When his patents ran out another company aquired his patents and now they have the company called bio-derm.

I’m so happy I found you. I have so many ideas. 😊 What about toy ideas that I made with Ai? It’s exactly what I want it to look like. I thought I would have to have a trademark and patent it. I’ve been searching everywhere to learn about where I could have it made. I want to take the toy to the toy fair in New York.

Doesn't licencing or selling patents mainly work for the toy industry specifically? Or perhaps basic items like a kitchen gadget? Most ideas I have tend to be complex.

😂 thanks for the informative video Andrew and Scott, iam glad Scott didn't yell at me 😅 🙌

Great video, great info once again. I am a shy person but I think I could work with Scott lol.

Hi Guys - I have an idea for a firearm mechanism that is revolutionary. How would you sell this to the major manufacturers without giving away the secret to how it works ? Rendering is great instead of the cost of making a prototype but it exposes the details of your idea and a NDA isn’t worth the court battle with a company that has deeper pockets than you when they steal your idea. Thanks for your help 😊

I live in Canada. Do you know of any companies that can create a surgical tool prototype?

It's not protection technically, its a stake in the sand 🪙 always gold🥇