5 steps to inventing & licensing successfully
DESCRIPTION
Lisa Lloyd, an expert with over twenty years of experience in inventing and licensing, presented five steps to successfully inventing and licensing at this week's IDEAinstitute.TRANSCRIPT
IDEAinstitute 2015 ENTREPRENEUR SEASON
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5 Steps for Inventing & Licensing
Successfully
Invention Intelligence “Highlights”
Presented by : Lisa Lloyd
Big Picture
Plan your work and work your plan with this valuable Go/No Go roadmap!
Define
Sketch
Model
Prototype
Research
Market Search
Patent Search
Protect
Patents
Strategies
Test
Retail/Web
Shows/Fairs
DRTV
License
Sell Sheets
The Approach
Negotiations
Invent Solutions that Sell!
Sketch
Models
Prototype
Define
Research Do your homework!
Market Search
Patent Search
&
New, Useful and Non-obvious 1. Design Patent 2. Utility Patent 3. Provisional Application
Protect
Patents
Strategies
Test
REAL sales DRAMATICALLY increases your odds for successful licensing! Transactional Learning
Retail/Web
Shows/Fairs
DRTV
Sell small quantities in stores and online
Sold at fairs for years before going on TV & in Retail
Buyers are not interested in single item lines, ASOTV solves that problem!
ResponseMagazine.com & Retailing.org
License
The Big 3 • Royalty rate: 3%-8% • Minimum: negotiable • Up front amount: negotiable
Creating wealth with passive income!
Sell Sheets
The Approach
Negotiations
• Images • Features & Benefits • Contact Info
• Trade Shows • Cold Call
Special Offer 1 Month Jump Start Pack $299
+ FREE BONUS MONTH!
www.LloydMarketingGroup.com or
$75 1hr Consultation (normally $125)
icaninvent lisavlloyd /lmgservices
trust your crazy ideas. we do.