what do I do with my patent got a great question from a YouTube viewer
question from a YouTube viewer
question from a YouTube viewer Dejan who wrote in basically saying that
Dejan who wrote in basically saying that
Dejan who wrote in basically saying that it’s that I have a patent I’m oblivious
it’s that I have a patent I’m oblivious
it’s that I have a patent I’m oblivious to everything else of what do I do with
to everything else of what do I do with
to everything else of what do I do with my business do I need a business number
my business do I need a business number
my business do I need a business number do I get some guidance and mentoring
do I get some guidance and mentoring
do I get some guidance and mentoring what do I do
what do I do
what do I do having a patent is great but it doesn’t
having a patent is great but it doesn’t
having a patent is great but it doesn’t mean anything unless you can go out and
mean anything unless you can go out and
mean anything unless you can go out and sell it to a business or licensed it to
sell it to a business or licensed it to
sell it to a business or licensed it to a business that can use it tons of
a business that can use it tons of
a business that can use it tons of people have patents are tons of
people have patents are tons of
people have patents are tons of inventors who just sit on their patents
inventors who just sit on their patents
inventors who just sit on their patents and they get nothing from them because
and they get nothing from them because
and they get nothing from them because they can’t market it I remember going to
they can’t market it I remember going to
they can’t market it I remember going to a young inventors presentation and the
a young inventors presentation and the
a young inventors presentation and the speaker was talking about how those his
speaker was talking about how those his
speaker was talking about how those his toothbrush and the toothbrush could pop
toothbrush and the toothbrush could pop
toothbrush and the toothbrush could pop toothpaste
toothpaste
toothpaste inside the toothbrush and you press the
inside the toothbrush and you press the
inside the toothbrush and you press the button and the toothpaste comes up into
button and the toothpaste comes up into
button and the toothpaste comes up into the brush and you can start brushing
the brush and you can start brushing
the brush and you can start brushing your teeth right away so it’s a
your teeth right away so it’s a
your teeth right away so it’s a toothbrush and toothpaste all-in-one and
toothbrush and toothpaste all-in-one and
toothbrush and toothpaste all-in-one and there were hundreds of different designs
there were hundreds of different designs
there were hundreds of different designs for this toothbrush hundreds of
for this toothbrush hundreds of
for this toothbrush hundreds of different patents and how many have you
different patents and how many have you
different patents and how many have you actually seen on the market none I’ve
actually seen on the market none I’ve
actually seen on the market none I’ve never seen a toothbrush cell that had
never seen a toothbrush cell that had
never seen a toothbrush cell that had toothpaste in the handle and so my point
toothpaste in the handle and so my point
toothpaste in the handle and so my point is there’s tons of these junk patents
is there’s tons of these junk patents
is there’s tons of these junk patents that are out there that never see
that are out there that never see
that are out there that never see commercialization and as a result the
commercialization and as a result the
commercialization and as a result the inventors don’t make any money right you
inventors don’t make any money right you
inventors don’t make any money right you spend all your time effort dollars
spend all your time effort dollars
spend all your time effort dollars create an invention then going out and
create an invention then going out and
create an invention then going out and getting a patent as a next step patents
getting a patent as a next step patents
getting a patent as a next step patents aren’t free they cost money to create
aren’t free they cost money to create
aren’t free they cost money to create and they cost money to support every
and they cost money to support every
and they cost money to support every year and the only reason for doing that
year and the only reason for doing that
year and the only reason for doing that really is if you can find a way to sell
really is if you can find a way to sell
really is if you can find a way to sell this thing if you have zero experience
this thing if you have zero experience
this thing if you have zero experience in business if you don’t even know if
in business if you don’t even know if
in business if you don’t even know if you need a business number or not my my
you need a business number or not my my
you need a business number or not my my best advice for you is to try to find
best advice for you is to try to find
best advice for you is to try to find somebody who can mentor you who’s done
somebody who can mentor you who’s done
somebody who can mentor you who’s done this before
this before
this before who’s taking an invention somewhere
who’s taking an invention somewhere
who’s taking an invention somewhere ideally related to your target market
ideally related to your target market
ideally related to your target market selling something similar to what you’re
selling something similar to what you’re
selling something similar to what you’re selling and let them know what you’re
selling and let them know what you’re
selling and let them know what you’re all about and try to ask for their
all about and try to ask for their
all about and try to ask for their advice this is one thing that I did when
advice this is one thing that I did when
advice this is one thing that I did when I started my software company and we
I started my software company and we
I started my software company and we ended up getting patents for the
ended up getting patents for the
ended up getting patents for the software
software
software and some of the best advice came to us
and some of the best advice came to us
and some of the best advice came to us through other software developers and a
through other software developers and a
through other software developers and a guy who had sold his business for a
guy who had sold his business for a
guy who had sold his business for a couple hundred and millions of dollars
couple hundred and millions of dollars
couple hundred and millions of dollars and he was looking over a business plan
and he was looking over a business plan
and he was looking over a business plan and and just tore it apart and I would
and and just tore it apart and I would
and and just tore it apart and I would never have gotten that feedback myself
never have gotten that feedback myself
never have gotten that feedback myself right I thought I had a great plan and I
right I thought I had a great plan and I
right I thought I had a great plan and I went to have coffee with him and he sat
went to have coffee with him and he sat
went to have coffee with him and he sat down and just tore it apart and that
down and just tore it apart and that
down and just tore it apart and that kind of guidance is super helpful and
kind of guidance is super helpful and
kind of guidance is super helpful and how I found that guy was just my dentist
how I found that guy was just my dentist
how I found that guy was just my dentist you know dentists are angel investors
you know dentists are angel investors
you know dentists are angel investors and I mention when I was working on and
and I mention when I was working on and
and I mention when I was working on and he connected me to this other inventor
he connected me to this other inventor
he connected me to this other inventor you’ll find if you are genuine and you
you’ll find if you are genuine and you
you’ll find if you are genuine and you are willing to listen the people will
are willing to listen the people will
are willing to listen the people will help you out if you approach them don’t
help you out if you approach them don’t
help you out if you approach them don’t go to somebody and say I want you to be
go to somebody and say I want you to be
go to somebody and say I want you to be my mentor because that implies a
my mentor because that implies a
my mentor because that implies a long-term hands on detailed relationship
long-term hands on detailed relationship
long-term hands on detailed relationship and who knows what they even like you at
and who knows what they even like you at
and who knows what they even like you at your product or not just start by asking
your product or not just start by asking
your product or not just start by asking if you could pick their brain for 15
if you could pick their brain for 15
if you could pick their brain for 15 minutes if they live somewhere close to
minutes if they live somewhere close to
minutes if they live somewhere close to you then ask if you can buy them coffee
you then ask if you can buy them coffee
you then ask if you can buy them coffee if not if they’re somewhere further away
if not if they’re somewhere further away
if not if they’re somewhere further away then see if you can set up a phone call
then see if you can set up a phone call
then see if you can set up a phone call but be passionate with what you’re
but be passionate with what you’re
but be passionate with what you’re trying to create show that you’ve made
trying to create show that you’ve made
trying to create show that you’ve made something that you feel can really have
something that you feel can really have
something that you feel can really have a positive impact on this world and
a positive impact on this world and
a positive impact on this world and reach out to them because yes you’re
reach out to them because yes you’re
reach out to them because yes you’re gonna need a business number and you’re
gonna need a business number and you’re
gonna need a business number and you’re gonna need way more than that if you
gonna need way more than that if you
gonna need way more than that if you want to have success with this invention
want to have success with this invention
want to have success with this invention and you’re going to need help and
and you’re going to need help and
and you’re going to need help and guidance to move you along the way so it
guidance to move you along the way so it
guidance to move you along the way so it really focused a lot of my time and
really focused a lot of my time and
really focused a lot of my time and trying to find an inventor who’s done
trying to find an inventor who’s done
trying to find an inventor who’s done this before if you don’t have an
this before if you don’t have an
this before if you don’t have an interest in building a business but you
interest in building a business but you
interest in building a business but you want to license or sell your your patent
want to license or sell your your patent
want to license or sell your your patent and your invention find someone who’s
and your invention find someone who’s
and your invention find someone who’s done it before connect with them learn
done it before connect with them learn
done it before connect with them learn from them and have them help guide you
from them and have them help guide you
from them and have them help guide you towards monetizing your idea believe
towards monetizing your idea believe
towards monetizing your idea believe those you watching you like the video
those you watching you like the video
those you watching you like the video please get our thumbs up below and I
please get our thumbs up below and I
please get our thumbs up below and I went here we had to think leave a
went here we had to think leave a
went here we had to think leave a comment underneath let me know what you
comment underneath let me know what you
comment underneath let me know what you think leave leave your feedback you have
think leave leave your feedback you have
think leave leave your feedback you have a question for your business put it
a question for your business put it
a question for your business put it below on McGhee video response thank you
below on McGhee video response thank you
below on McGhee video response thank you so much and I’ll see you soon
so much and I’ll see you soon
so much and I’ll see you soon you
”
Be First to Comment