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What to Do After You Come Up With an Invention Idea

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You came up with an idea for a new product you think the market will love. What do you do next? Do you have to start a company to bring your ideas to market? What about licensing? inventRight Senior Projects Coach Amy Jo Brogan describes what to do first after you come up with a new product idea. inventRight is a one-on-one coaching program that has helped people from more than 40 countries license their ideas for new products. It was founded by Andrew Krauss and Stephen Key in 2001. Visit http://www.inventright.com for more information and to become their student. Call #1-800-701-7993 to set up an appointment with Andrew or another member of the inventRight team to discuss how we can help you license your ideas. New to licensing? Read inventRight cofounder Stephen Key’s bestselling book “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: http://amzn.to/1LGotjB. Want to learn how to license your product ideas without a patent? Stephen's book “Sell Your Ideas With or Without a Patent” explains exactly how. Find it here: http://amzn.to/1T1dOU2. inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.
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Text Comments (305)
angie gries (15 hours ago)
You seriously should have edited that pause I was gonna switch the video because of that smh that was so annoying
Clayton Blue (17 hours ago)
I need help with my idea.
Bill Fallon (5 days ago)
Do you need a patent attorney in order to get a patent and have it protected from theft?
It is possible to file a non-provisional patent application yourself — when inventors do that, it is called filing 'pro se.' However, it is not common and I do not recommend it. A provisional patent application, on the other hand, you can absolutely teach yourself how to file. Check out SmartIP if you are looking for help: https://inventright.com/what-we-offer/smartip-offer
James Jacobs (7 days ago)
Not all inventions are products! Everything you meamtion in this video doesn't apply to my business or my patents!
Jack Burton (18 days ago)
Overly complicated as well as vague and an informative
June Morales (24 days ago)
How can you license the same product in multiple categories ?
In this video, I explain how to license the same idea twice: https://youtu.be/KW4GJzcwvi0
Anya Trietsch (27 days ago)
Thank you for the video! Can you please do a video about whether or not you can file a PPA for a “new use” type product on an existing product.
fvck yoo (1 month ago)
https://www.houstonpress.com/news/inventors-say-inventhelp-commits-fraud-and-want-to-know-why-george-foreman-represents-the-company-10746419
SAAD'S (1 month ago)
so what happened here 7:27
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SAAD'S awkward as hell.
Erins Family (1 month ago)
Thanks so much, I have an idea and think I wanna go the licensing path but don’t know where to start, and how to seek out business that would be interested? Could you help ❤️
Hi Erins. I strongly recommend reading my boss and mentor Stephen Key's book "One Simple Idea." It describes how to license your ideas for products in 10 steps, and many people have used it to license their product ideas: https://www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676
Emir Latinović (1 month ago)
I for example, have an aircraft designs, some civilian, some military and I know to whom could I sell them and one of those products (in this case, an aircrafts) could pose a serious challenge to some part of aviation; in this case airline travel. But, I don't have a capacity to build such aircraft since my only capacities are pen, paper and some CAD designs. Yesterday I've tried with Boeing company through the internet since I reside on other part of a planet but I couldn't find any entry to make such proposition. What I would prefer or my goal is to offer my design and idea to the aeronautical company like Boeing, Airbus etc. who has all of necessary capacities to build a true, real flying aircraft that will bring profits and of course numerous new jobs and I would take 15-20% or even less from all or many of the profits that aircraft could get. I was searching for those rich individuals, i.e. investors who have their own aircraft making companies that would pour money and its teams of people to construct it but I didn't had much of a luck in that work. Could you tell me what should I do. Thanks, @Straight 2 Licensing @Amy Jo
Damnit Bobby (2 months ago)
Do you have any connections with "Generac Power Systems, Inc"?
Rocky Pleasants (2 months ago)
I have a great idea and I need help please message me rocky Pleasants on Facebook.
Rocky, contact inventRight for help: https://www.inventright.com/contact
FolkUsTV (2 months ago)
I knew if needed good advice it had to come from a woman, One question, after I license my product is it still mine? and can I later take to like shark tank, Thank You!
Yes, it is important that you are the owner of your invention, which you can establish by various clauses in your licensing agreement. (Such as an improvements clause: https://www.inc.com/stephen-key/without-this-clause-your-rights-to-your-product-idea-are-in-danger.html). Why would you take to Shark Tank if the product is selling well and you are collecting royalties?
Soul Sound and peace (3 months ago)
Dear! I have a revolutionary design for a product. Now i want to sell my design. Please guide me where i can sell my design.
I recommend reading my mentor and boss Stephen Key's book "One Simple Idea": https://amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676
riley cole (3 months ago)
I'm still confused about how to get ahold of the company or how to actually Evan get the attention of them.
inventRight's free ebook "Getting In" describes how to identify companies looking for ideas and who to ask for when licensing your product ideas: https://www.inventright.com/getting-in
ankush gupta (3 months ago)
100% possible cancer treatment Sir      My name is Ankush Kumar and I have received knowledge about such ayurvedic medicines which can also be cured of diseases which are considered as incurable cancer. Cancer-ready medicine is 100 percent beneficial. And also the fully functioning drug for patients who have reached the final stage of cancer. The patient using this drug does not have to take any kind of chemotherapy or any other treatment or any type of incision, and the treatment of cancer is possible in about three to four months. The benefits of this knowledge are to get more cancer patients. "Can you help me in the knowledge of the treatment of cancer disease spreading all over the world? And how can I sell my ideas?"     मेरा नाम अंकुश कुमार है और मैंने ऐसी आयुर्वेदिक दवाई के बारे में ज्ञान प्राप्त किया है जिससे असाध्य रोग कैंसर के रूप में माने जा रहे रोग को भी ठीक किया जा सकता है। कैंसर के लिए तैयार दवा शत प्रतिशत लाभकारी है। और कैंसर की अन्तिम स्थिति में पहुँच चुके मरीज के लिए भी पूर्ण रूप से काम करने वाली दवा है। इस दवा के उपयोग करने वाले मरीज को किसी भी प्रकार की कीमोथैरपी या अन्य किसी उपचार लेने की आवश्यकता नही होती और न ही किसी प्रकार की चीरा लगाने की आवश्यकता है और कैंसर का इलाज लगभग तीन से चार महीने में सम्भव है। इस ज्ञान का लाभ अधिक से अधिक कैंसर के रोगियों को मिले।  " आप कैंसर रोग के उपचार का ज्ञान सम्पूर्ण विश्व में फैलाने मे मेरी किसी प्रकार से मदद कर सकता है क्या ? और किस प्रकार से अपने आईडिया को बेच सकता हूँ?" Address:- ACHAR WALE , KUMHAR MOHALLA, AGRASEN COLONY, GANGAPUR CITY, SAWAI MADHOPUR, RAJASTHAN, india Pin no.:- 322201 Mobile no.:- 8955255044 Email:- [email protected] ,
Zeek Street (3 months ago)
I'm sorry but that pause was epic 😂😂😂🙌....it's like a sigh of releif lol
El Maestro (3 months ago)
Is there a step by step video for people that have ideas? I have an idea and no knowledge on where exactly I should begin.
There is a book featuring the inventRight 10-step system I highly recommend, written by my boss and mentor Stephen Key. It's called "One Simple Idea." You can find it in libraries in the U.S. and on Amazon: https://www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676
Radio 4Men (3 months ago)
*bull shit! If you tired to figure everything out your idea will only stay at the idea stage.*
There is a book featuring the inventRight 10-step system I highly recommend, written by my boss and mentor Stephen Key. It's called "One Simple Idea." You can find it in libraries in the U.S. and on Amazon: https://www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676
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You can reach me at inventRight if you're looking for more guidance: https://www.inventright.com/contact
feruza canturk (4 months ago)
thank you very much. Some great information. I have an Idea , but I am at the " Now what " poin. :)
You're welcome. I recommend my mentor Stephen Key's book "One Simple Idea": https://www.amazon.com/One-Simple-Idea-Revised-Expanded/dp/1259589676
Anna Zumwalt (4 months ago)
So glad I watched this. Great video. Thanks Amy Jo!
You're welcome!
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Kymberly Hunsaker (4 months ago)
a pre developer wants me to pay them 795.00 to contact a store with my idea. is this a good idea i already sent 50.00 but i don't know what a pre developer does he said 795.00 to get it manufactured is that true? please someone who can help me with this contact me at [email protected] i don't know if i am being scammed from this pre developer
I'd like to help you. Please contact inventRight: https://www.inventright.com/contact
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I have a provisional already for now. But do I get a non provisional before I license.? or do I just license and the rest happens when a company takes on the product??
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