Now That You’ve Got Your Patent, How Are You Going to Make Money With It?
Lack of Taking Action is the Number One Reason Why Over 95% of Patents Never Make Money.
The most important thing you can do with your patent is taking action.
If you don’t do something with it, nothing will happen. Keep in mind, once your patent is issued, it’s public information. That means anyone can learn about your patent. But your patent won’t stop someone from trying to use it without your permission.
Not taking action with your patent will cost you over $250,000. And that’s not counting the cost of litigating any infringement. It’s estimated that the average cost over the course of the 20-year life span of a single patent is about $100,000.00 – or roughly $5,000 per year in maintenance fees. Then there’s the cost of IP litigation. According to a cost study conducted by the American Intellectual Property Law Association, the average inclusive litigation costs for a patent infringement suit range between $767,000 and $2,645,000.
You have two options for taking action with your Patent – make and sell it yourself or license it.
About the Licensing Toolkit for Patent Owners
There’s a lot of junk information out there on licensing and making money from your patent. If you’re going to learn from anyone, learn from a credible and reliable source with tons of experience in the trenches. You’ll shorten the time, avoid the costliest mistakes, and make your licensing journey more valuable, profitable and enjoyable.
That’s why I created the Licensing Toolkit for Patent Owners, to give you a tool specifically tailored with the right information, steps and processes to successfully turn your patent into money-making licensing deals.
Licensing your patent is a fast-track ticket to generating money and creating wealth – and you don’t have to figure it out yourself or do it alone. Whether you’ve created a breakthrough technology, an interactive consumer product, or a major improvement to existing technology, you need to get into the licensing game. How?
The fastest way is with The Licensing Toolkit for Patent Owners. It’s designed with all the key steps and core tools you need to prepare, plan, present and negotiate licensing deals for your patent. Each tool builds upon the next in an easy to follow the sequence of steps and worksheets. Once completed, you’ll have everything you need to take action and create money-making licensing deals with your patent.
The Licensing Toolkit for Patent Owners is the Solution to your Challenges
- If you’re new to the licensing process, it will get your licensing program set up in the least amount of time
- If you’re struggling to try to license your patent, the toolkit will help you refocus your efforts with the right licensing action plan
- If you’ve got some licensing partners but you’re trying to figure out how to do more with your patent, it will help you find new ways to make money
This toolkit is based on the same worksheets and procedures I use with my clients in managing and making money with their IP. It streamlines the process and gets your licensing program going as quickly as possible.
Included in The Licensing Toolkit are the 5 most important tools that are key to every successful patent licensing program:
The Patent Licensing Strategy
- A one-page worksheet to guide you in creating the right strategy for your patent
- 5 Different Ways to License Your Patent
- The number one secret for successful patent licensing deals
- How to increase your protection and extend the life of your patent licensing agreements
The Patent Licensing Action Plan
- A one-page fill-in-the-blank template to create your specific what and how action steps
- Five critical questions you must answer for every licensing partner
- Five key deal terms you must provide BEFORE negotiating your licensing deal
- Four steps to creating your marketing action plan
- How to find and address any issues BEFORE your licensing partner does
The Patent Licensing Opportunity Profile
- The first information you must give a potential licensing partner
- The eight key parts of the licensing opportunity profile
- How to create the right patent value proposition that gets potential partners interested
- How to make sure your patent is right for a licensing partner
- The two most critical questions you must answer about your patent
- How to show a licensee how your patent makes money
- Examples of licensing opportunity profiles
The Licensee Qualification Checklist
- The Key to Successfully Finding and Communicating with Partners
- 5 Sources for Finding Potential Partners
- Why You Must Qualify Every Licensing Partner BEFORE Negotiating
- How to Qualify Your Licensing Partners and What to Watch Out For
- 4 Critical Parts of the Qualifying Process
The Negotiating Preparation Checklist
- The Number One Goal of Your Negotiations
- The Two Most Important Things You Must Prepare Before You Negotiate
- Inside Strategies to Manage a Successful Negotiation Process
- 15 Critical Terms For Negotiating a Patent Licensing Deal
Creating the Patent Licensing Agreement
- The Most Important Thing You Must Do Before Creating the Licensing Agreement
- 6 Types of Patent Licensing Agreements and When to Use Them
- How to Make Sure Your Agreement Protects Your Patent Rights
- The 8 Most Critical Parts of the Licensing Agreement
The Licensing Toolkit For Patent Owners is a Proven Step-by-Step System for Preparing, Planning, Presenting and Negotiating Money-Making Licensing Deals for your Patent
Don’t risk losing the time and money you’ve invested in your patent. The next best investment you can make is investing in the skills and knowledge to successfully commercialize and generate money with it the right way.
No-Risk Money-Back Guarantee
Investing in the Licensing Toolkit for Patent Owners is a No-Risk investment with a 60-day money-back guarantee. You’re getting thousands of dollars in licensing consulting advice that will save you time and money.
If you order the toolkit, follow the steps, put the tools into action and then decide it’s not for you, simply send an email requesting a full refund. It’s that simple.