The Twists and Turns Of Licensing Agreements
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- čas přidán 28. 08. 2024
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Josh Rifkin is an inventor who licensed his dog toy invention the Squeak and Throw Ball Launcher. In this interview with licensing expert Stephen Key, he describes his lengthy journey turning his product idea into a success story, including multiple licensing deals and a Kickstarter campaign. It's been worth the effort; the product is now in about a 1,000 stores! He also describes how he overcame prior art to obtain a utility patent for his Squeak and Throw Ball Launcher. Josh is a very creative guy. After visiting a lot of trade shows, he recognized a need in the market for trade show booth systems that require no tools and are packed flat - so he founded Flatworks Displays. Please note: Josh is not a student of the inventRight coaching program. He met Stephen through the inventors group in San Diego many years ago and kept in touch.
Bringing an invention to market? Let inventRight, the world's leading experts on product licensing, show you how. Co-founded by Stephen Key and Andrew Krauss in 1999, inventRight has since helped people from more than 60 countries license their ideas. Visit www.inventright... 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: 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: 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.
Thank you for having me on the show. I can’t thank you enough for your friendship and guidance over the years.
Flatworks Displays Thank you very much Josh. I think you’re extremely talented. Thanks for being a good friend!
Hey guys loved you discussion, lots of great information about the twists and turns.. Josh, have you tried the John Osher Spin Brush method of getting acquired? See below..
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Great nuggets in this video. Congratulations on your success Josh!
Right?! Thanks Ryan.
Thank you for the video! Greetings from Argentina.
Great video - very inspirational! Way to stick with it - best of luck to you Josh!
Thank you !
Nice inspiration here, thank you
Definitely.
This guy is a freaking tradeshow capitalist lol I love it!!!
What percentage of your students license a product.....?
We have published a student success story every week for over a year. Read our testimonials: www.inventright.com/new-testimonials
@@inventRight as much as I do see your information as high quality, i never saw the numerical value of buying anything more than the free products. % of people that sold a product in one year, % of people that had a licensing deal above x dollar amount, and the percent of people that licensed multiple products after using your products.
I reached out to a former student of yours and I never got a response. What is the average product ideas that people give before they have a "winner"? What is the average yearly checks for these products? How often do people send out inquiries to companies? If you really do that many licensing deals, I don't think it is that challenging to have a tear sheet of these.
What of the people who get a "successful" product actually equate to?
Even venture capital firms say that of all the decent quality ideas they have 1 out 20 makes them wealthy.
Frankly, I just can not see an acutalized value for ponying the dollar amounts for your products. I just can not get there.
After trying to license my product for several months and having a lot of interest but no agreements, I decided to reach out to someone who had a similar product, who I am partnering with to launch my product this summer. I’m very excited. StickiPiggis.com and like us on Social Media! Thanks for all your advice InventrightTV for even getting me started!
You're welcome! Way to take action! Contact us for help anytime: www.inventright.com/contact
Hi Stephen and Andrew!
I have an invention that you whould consider to be a "big idea", one that i think i can turn into a company so i need to patent it.
My question is, considering that i dont yet have the resources to patent the invention can i file a provisional patent aplication and start home producing and selling it and before the 1 year passes file the non provision patent aplication?
And if this is possible would you recommend it ?
Rodrigo, please contact our office for guidance: www.inventright.com/contact
Hello my name is ishmael, I’ve watched all of your videos and bought Both of Stevens books and followed all of you’re steps to this point ,but in September I’ll be coming up to a year on my provisional patent in which I was missing a micro entity form and didn’t realize it ,so now I have have to summit the micro form plus a $500 petitions for revival ,but at the same time I have some interest from one of the biggest companies in the field ,I’m kind of in stuck in-between should I just resubmit for a new provisional patent or should I pay $500 and keep the date then try to get the company to pay for the non provisional..is there anyway I can extend my provisional patent,I’d like to hear you opinion about my situation
Depending on the choices you've made, you may be able to extend the life of your provisional patent application. This article explains in-depth: www.inc.com/stephen-key/what-to-do-when-your-provisional-patent-application-is-about-to-expire.html
We can help - contact us here: www.inventright.com/contact
U recommend a beach toy company?