Are You Trying to “Re-invent The Wheel” With Your IP?
When it comes to making money with intellectual property, I’m always surprised by IP owners who constantly try to “reinvent the wheel”. Often times I meet inventors and they are …
Are You Running Blind with Your Invention?
The phrase “rushing blindly ahead” often describes what happens to inventors when they come up with their first big invention. You run out and spend money and time building prototypes, …
An IP in Motion Makes Money
I’m always amazed when I ask IP owners what they are doing with their intellectual property. Most of the time, the answer is nothing. If you don’t start the race, you’ll never finish. A number of years ago I met a gentlemen in a restaurant. When he learned I did licensing, it suddenly struck a cord with him. He’d been sitting on a new trading card technology and didn’t know what to do with it. Since he had mentioned he was a soccer fan during our discussion, I suggested he license well know soccer teams.
Is Fear of the Unknown Holding Your Back?
Fearing that someone will steal your IP is a big money blocker. Especially if you’ve got something that a big company is interested in licensing.
If You Don’t Know What You Have, How Can You Make Money with It?
Your business has an inventory of your raw materials, finished products and stock on hand. What about your intangible assets? Unlike hard/tangible assets, such as machinery and equipment, which depreciate …