I have an invention idea, but no money!
I understand the frustration that comes with having a great invention idea in your head when money is tight. It does take a little money to make money -- but anything is possible! I once helped an inventor with no money make a prototype out of cardboard, a video on his phone, which turned his idea into a product for QVC.
Even if you don’t have the money right now, I’ll sign an NDA (non-disclosure agreement) which means I won’t share your idea with anyone without your permission. We’ll both digitally sign it, and each retain a copy of the agreement. At that point, I’ll take a look at your idea and tell you yes or no if it’s something I could help you with.
If your idea is something I like from a consumer perspective and for which I have a good contact, we can discuss me representing your idea as a licensing agent to earn royalties.
If it is something I like but needs work, you can save up to be able to do some work needed to prepare to present for licensing. It would be tough to manufacture and go into your own business with no or little money, so licensing may an option if it's an idea that is unique, can obtain some intellectual property.
Below are some frequently asked questions about working with me.
I’m interested in licensing my invention to earn royalties. What are my options?
I won’t charge you for looking at your product. If I like it and I have a good contact, I will ask to represent the idea as a licensing agent. If I don’t or can’t represent you, it doesn't mean it’s a bad idea - just that I don’t have the right contact to best help you. You can still pay for my time to hear honest feedback, or I could make calls to potential licensees for you. Or, you can save up some money and work on the idea at your own pace step-by-step.
Regardless -- I promise I’ll tell you like it is.
Do you invest or do you have investors for my invention?
If you are limited on cash or resources, I can suggest trying to license your invention. Unless you are ready to start manufacturing your idea and going into business for yourself, you may consider licensing your invention and earning royalties.
It is difficult but not impossible to secure an investment for your invention. Investors will want you to at least have some intellectual property, like a provisional patent application filed, prototype and research of similar products and reasons/benefits/sales sheet/video presentation of why do you think your product is worth investing in. I can get help you with whichever path you choose, whether it’s licensing or filing for a patent.
Can I trust you with my idea?
I am an inventor myself and I treat people the way I would want to be treated. I will sign an NDA so you can feel secure in our private conversations. I will sign it and digitally send it to you. After you sign, we’ll each receive a fully executed, signed agreement. Then you can schedule a call with me to discuss how I can help you. I will not speak to anyone about your idea without your permission. Should I become your licensing agent or represent your invention, you would need to release me from the NDA so I can speak to others and discuss your inventions potential or parts of the invention we need to work on.
Where do we start?
You can schedule a FREE 10 minute consultation phone call with me to discuss how I can help you with your invention idea. If you prefer Skype, I’m happy to do a video call. If you want to spend more time to discuss more including my opinion, feedback, or brainstorming, you can select other consulting options available.