one simple idea license product ideasStephen Key and Andrew Krauss from Inventright.have some of the best information I’ve seen on getting your product ideas licensed. I followed their methods to license a simple candy idea. Unfortunately, my product idea only made it to sample stage, as the product couldn’t be made cheaply enough. What I like about Stephen and Andrew’s approach is that they don’t talk about spending loads of money on patents. Instead, they give you a step by step process from initial idea to presenting to potential companies without spending a fortune.

One Simple Idea Books

Stephen has several great books as well as an Inventright Course. The two books I really like are both called One Simple Idea. The yellow version of the book is for anyone wanting to license their product idea for a royalty. The benefit of licensing is that you don’t pay for manufacturing, instead, you receive a small commission on each product that sells. The red book version of One Simple Idea is ideal if you are looking to manufacture your product idea yourself.

Inventright also has a series of free videos available with advice on getting your product idea to market.

If you are looking to are looking to license your ideas, check out what they have to say.

Protecting Your Idea as Easy as 1-2-3

What is Licensing?

 

Inventor friendly industries for Licensing Product Ideas