Posts Tagged ‘Patent Income’
Just because your idea seems simple does not mean it does not have the power to disrupt an entire industry. I come across inventors regularly who tell me they were too embarrassed or afraid to see a patent attorney because they felt their idea did not have the complexity or scale to match those currently on shelves or in production. When I look around, some of the simplest ideas have revolutionized industries and generated millions of dollars in revenues for the inventor. The key thing I want you to take away from this video is that to ultimately make money from your idea you have to craft a patent with teeth so rivals cannot make minor modifications to your idea and get around your rights.
Watch this illustrative Slide Share from The Patent Professor which reveals how one past famous inventor received a modest cash payout from his invention but lost millions in potential royalties. It all hinged on one fateful decision. How One Inventor Lost Millions in Royalties & How You Can Avoid The Same Mistake from The Patent Professor®