Pitching In-Person: Is it Necessary?
July 03, 2009, 9:00 AM
People always ask me, “Steve, do you fly out and pitch to potential licensees in person?” And the honest answer is, sometimes yes and sometimes no. It’s very important to establish a relationship with a future licensee, especially at the ...

The Importance of Teamwork
July 01, 2009, 10:00 AM
I can’t stress the importance of teamwork enough. As I’ve said before, I’ve relied on the strengths of my partners my entire career. When I first began inventing, I had one partner. I came up with the ideas and he ...

The Importance of Reading Your Contract Closely
June 24, 2009, 9:00 AM
I want to stress something very important. The process of developing a contract between a licensee and licensor can be lengthy. Term sheets are debated and compromises are agreed upon. The party that writes the contract has an advantage (because ...

How do you prepare to speak to thousands in another country?
June 22, 2009, 12:00 PM
At the time this blog is posted, I’ll be traveling with and speaking at the “Booming in the Bust 09” Global 1 Training Symposium – in Australia! I’ve spent the last few weeks intensely preparing and I’m excited. I recently ...

Exciting New Spinformation Development
June 19, 2009, 10:40 AM
I’m happy to update you that a new application for “Spinformation” has been developed! This new application is called “Accudial“. It will be applied on liquid OTC (over-the-counter) medication for adults and children, such as cough and cold and allergy ...

How to Become a Licensing Agent: Generating Wealth through Licensing.
June 17, 2009, 9:00 AM
I want to describe several of the benefits of becoming a licensing agent. In the past thirty years, I’ve brought over twenty different products to market through licensing. The beauty of licensing is hard to beat: it’s low risk and ...

Does Anyone Really Need Your Idea?
June 15, 2009, 10:35 AM
On June 6th I gave a lecture about how to become a licensing agent. I enjoy speaking events because they provide me with opportunities to interact with inventors before and after my presentation. I love listening to their stories and ...

Can You Lose And Still Win At The Inventing Game?
June 12, 2009, 11:45 AM
One frequent inventRight forum poster, Ron, was recently featured on “The Pitchman” with Billy Mays. We all enjoyed watching the show; Ron was great on TV and truly loves his product. But as the program ended, I realized that Ron ...

Invention TV Shows - Helpful Information or Entertainment?
June 10, 2009, 9:00 AM
I’ve noticed a wonderful trend on television lately. There are a bunch of new programs about innovation. I was once interviewed to be a judge on the ABC show “American Inventor”; although I didn’t win the position, I was later ...

Customer complaints. How do you handle them?
June 08, 2009, 9:00 AM
Customer complaints. How do you handle them? In the seven years that have passed since inventRight was founded, we haven’t received many. But the ones we have, we take very seriously. Some of them seem to come out of left ...