I am an inventor from Muscat, Sultanate of Oman. Like your info. Keep up educating the Inventor community ❤🎉
@icaninvent
7 ай бұрын
Thank you so much for sharing! More to come!
@antoinettemoore976
2 жыл бұрын
All of your content videos are absolute gems! Thank you. 🤗
@icaninvent
2 жыл бұрын
Glad you like them!
@alexandrevaliquette1941
Жыл бұрын
I agree! I always leave a thumbs up for each of her video.
@DanielRLuke
Жыл бұрын
Pure gold
@alexandrevaliquette1941
Жыл бұрын
Such a brillant and inspiring lady! Love from Montréal!!!
@icaninvent
Жыл бұрын
Thank you Alexandre, much love from Arizona to you also!
@DanielRLuke
Жыл бұрын
I can personally vouch for a lot of the advice given in this video. I licensed an idea to a small company about a year ago. Fast forward six months, whenever I talked to the CEO, he kept harping on how the economy was about to tank (no true) and how so many other companies in the same space were either going under or barely hanging on. I took this as a very bad sign because what he was really doing was lowering my expectations for what he could or would do with the licensed products which were going to require, in all probability, tens of thousands of dollars in tooling. So far, he's done nothing with the product, and I don't expect that to change, so the whole thing has mostly been a waste of time. So, as Lisa advises, qualifying the company you hope to license to is extremely important. Whether it was this video or another one, Lisa mentioned something very insightful which got at the heart of a business owner or CEOs mindset, and it had to do with a choice that faces decision makers: if there is money to put toward something, is it wiser to promote the existing products which are presumably already selling, already have marketing, tooling, and distribution, or to introduce a new product with all of the capital inputs that are going to be required to attract buyers? In most cases, the safe bet is to devote resources to the existing products. That said, it's only safe most of the time. Over the long term, however, most company's that fail to innovate will eventually go out of business.
@icaninvent
Жыл бұрын
"most companies that fail to innovate will eventually go out of business" ... AMEN. It's up to us to help them invent products that are "better enough", to give them a true competitive advantage. If we do that well on the front end of this process, then we only have to help our prospects realize that dramatic difference so that they can make the smart business decision on taking the risk with us. Love your story, thank you so much for sharing!
@hinesbch
2 жыл бұрын
Hello, I've seen "inventor help" folks state literally that you do not need a patent to license your product but only the provisional to open negotiations. Your info makes more sense to me as you mentioned the patent or IP is in fact what's being licensed. Why do you think these claims of "no patent needed" are being made by these folks? Who is correct?
@icaninvent
2 жыл бұрын
Hi Brian, thank you for your awesome question! It’s a good one because it is very confusing and it frustrates me also when I hear it said that way. It’s not that what they’re saying is not true, it’s just too vague for people to understand. As teachers we owe it to you to make things as simple and clear to understand as possible. So here’s my stab at it: Simply put, “not having a patent” is the same thing as “patent pending” because you don’t technically have a patent until it is issued. So, when they say “you don’t need a patent”, what they’re actually saying is “you don’t need to have an issued patent to license a product, but a simple patent pending is most often good enough to license.” And the cheapest way to be patent pending is with a PPA. It’s really that simple. I hope that clears things up. There’s a lot more I have to say on the subject, like some industries don’t even require a patent pending, some industries require issued patents before you can even present to them. Etc. but I hope that clears things up for you and invite you to book a call if you would like to unpack that further! Calendar.lloydmarketinggroup.com/LisaLloyd
@hinesbch
2 жыл бұрын
@@icaninvent Thanks Lisa, not quite ready for the call yet. Hope I can revisit the offer soon though if that's ok..
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