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Invention Success Kit


Guides You Step-by-Step to Sell and License Your Product Ideas


Kit Topics

The Invention Success Kit takes you step-by-step through the entire process to sell and license your product ideas. Learn all the topics or use them separately as a stand-alone reference for your current situation.

Selling and Licensing Your Invention Ideas

  • How to sell your ideas or license for royalties
  • How manufacturers will evaluate your product idea
  • How to present your invention in business terms using a Product Proposal
  • How to find companies to take on your invention
  • How to find the right people inside companies
  • Phone script to contact companies
  • How to make a presentation
  • How to know when a company is interested
  • How to use Option Agreements
  • How to use a Letter of Intent
  • How to research a manufacturer to know if they are a good fit
  • How to determine important Terms of an agreement
  • How to determine Royalty rates
  • How to determine Net Sales
  • How to negotiate for Advances and License Fees
  • The need for a Guaranteed Minimum Annual Royalty
  • Understanding Territory in a licensing agreement
  • Understanding Field of Use in a licensing agreement
  • Your rights of product improvements
  • Audit rights to check royalty payments
  • How to Terminate an agreement

Protection, Patents, Prototyping, Market Research

Plus you'll learn how to Protect your idea, Prototyping, Market Research, and other inventing topics:

  • The Invention Roadmap from Idea to Market
  • What you need to do immediately with a new idea
  • How to Protect your idea
  • Decision process to market, sell, or license
  • Understanding selling and licensing to companies
  • Free market research methods
  • Hiring agents and consultants
  • How to determine marketability of your ideas
  • Getting free feedback with a Concept Survey
  • Steps to create a prototype
  • Getting help with a prototype
  • How to get feedback on your prototype
  • How the patent system works
  • When to use a Provisional Patent Application
  • Patent filing
  • Cost of patents
  • How to register a Trademark
  • How to file a Copyright


Guidebook Contents (Main Chapters)

Invention Strategies

  • Chapter 1: Eight Ways to License and Sell Your Invention
  • Chapter 2: Invention Roadmap
  • Chapter 3: Decision to Market, License, or Sell
  • Chapter 4: Product Failure and Success
  • Chapter 5: Protect Your Idea
  • Chapter 6: Market Research
  • Chapter 7: Working With Agents and Consultants

The 7 Steps To Sell or License

  • STEP 1: Perform a Market Evaluation of Your Product Idea
  • STEP 2: Get Feedback with a Concept Evaluation
  • STEP 3: Create Your Prototype and Get Feedback
  • STEP 4: File a Patent, Trademark, or Copyright
  • STEP 5: Create a Product Proposal
  • STEP 6: Search and Contact Companies
  • STEP 7: Negotiate a Great Deal
  • Index


Quick Start Guide

The Invention Success Kit includes the Quick Start Guide. You'll have a roadmap and checklist of all the steps to self-market, sell or license your invention.

Your Roadmap to Success

  • Protect Your Idea
  • Market Research
  • Self-Evaluation
  • Concept Evaluation
  • Prototype Evaluation
  • Plan Your Prototype
  • Develop Your Prototype
  • Validate Your Prototype
  • Funding Your Idea
  • Patent Review
  • Self-Market or License

Self-Marketing

  • Product and Market Plan
  • Budget
  • Market Planning
  • Development Planning
  • Product and Market Development
  • Develop the Product
  • Beta Test the Product
  • Develop Marketing Programs
  • Product Launch, Market, and Sell

Sell or Licensing

  • Product Proposal
  • Company Search
  • Making Contact
  • Negotiating for a Deal


Inventor Resources

The Inventor Resources Guide gives you quick access to find patent attorneys, prototype makers, manufacturers, funding, etc.

  • Attorneys 4
  • Barcodes / Universal Product Code (UPC) 4
  • Catalogs 5
  • Companies Seeking Products 5
  • Company Research 5
  • Direct Mail 6
  • Engineers 6
  • Funding 7
  • Government Funding And Assistance 7
  • Internet: Website Hosting 8
  • Internet: Marketing 9
  • Internet: Ecommerce 9
  • Internet: Website Design 10
  • Internet: Webstore (To Sell Your Products) 10
  • Invention Logbook 11
  • Inventor Magazines 11
  • Inventor Organizations 11
  • Manufacturers 12
  • Market Research 12
  • Market Research Reference Books 13
  • Marketplaces / Showrooms 13
  • Packaging 14
  • Patent Auctions 14
  • Patent Brokers 14
  • Patent Search 15
  • Patent Search – International 15
  • Patent Valuation 16
  • Press Release Distribution Service 16
  • Promotional Products 17
  • Prototype Makers 17
  • Quality Assurance 18
  • Retailer Events 18
  • Test Labs 19
  • Trade Shows 19

See also: Invention Success Kit Order Form