Tip 23 – Licensing Agreement Negotiations Blog By Edward Ayres Money, Money, Money….might be all you’re hearing when it’s time to negotiate the deal. However, this is where the rubber meets the road, and before you’ll see a single dollar the licensing agreement has to be finalized. Your goal is to maximize the financial earning

Tip 22 – “One on the Hook” Blog By IP Team From the moment you first had your idea, you dreamed of seeing it on store shelves. You patented your invention, and you’ve been marketing to manufacturers and other companies attempting to secure a licensing agreement. And now it’s paying off as companies are responding.

Tip 21 – “It’s a contact sport!” Blog By Edward Ayres In Texas, football is king and as a young man I quickly learned a great tackle made people take notice. The coaches, spectators, and especially the player who took the hit new to keep an eye on that guy. There’s no doubt about it,

Tip 20 – “Marketing Your Invention” Blog By Edward Ayres – IP President The importance of marketing cannot be understated. Marketing is at the heart of invention success. When companies know your product exists and provides value, it creates an opportunity for them to license it. If you’re not marketing your product, it’s never going

Tip 19 – Build It and They Will Come         Blog By Inventor Process Team One of the first steps in the inventing process is prototyping. A prototype is a three-dimensional version of your invention. Regardless if you’re making your prototype in the garage, hiring professionals and/or utilizing the latest in 3-D graphics; it’s very exciting

Tip 18 – “Get your ducks in a row” Blog By Edward Ayres It’s neat! Everybody can use it. It’s cheap to make and you can sell it everywhere! While all that might be true it’s not the answers licensing companies are looking for when they ask; why you invented your product, who can use it,

Tip 17 – Do you need a patent? There’s a good chance you do. Blog By Edward Ayres I get asked this question all the time, “Is a patent important?” The short answer is yes. If you’re an independent inventor and you want to license your invention, aka get paid for it, a patent is

Tip 16 – “Patent Process” Blog By Edward Ayres It’s time to take your idea from drawing board to store shelves. What’s the first step? You need to protect your idea so it can be safely marketed. Most likely, you need a patent. A patent is an intellectual property right granted by the government to

Tip 15 – “Moving forward with your invention!” Blog By Edward Ayres You’ve done your homework. Your invention has been documented, researched and can be cost effectively manufactured. There’s a large target market and you’re confident your product has the Wow Factor necessary to get consumers to spend their money. You’ve set your goal and