how to get a pat without spending a lot of money so I got a question for one of
of money so I got a question for one of
of money so I got a question for one of my youtube viewers love you guys
my youtube viewers love you guys
my youtube viewers love you guys John Mulla we’re running to say I want
John Mulla we’re running to say I want
John Mulla we’re running to say I want to start with a patent that means in the
to start with a patent that means in the
to start with a patent that means in the higher part lawyer it’s going to be
higher part lawyer it’s going to be
higher part lawyer it’s going to be expensive is there a way to apply for a
expensive is there a way to apply for a
expensive is there a way to apply for a patent in the less expensive way so let
patent in the less expensive way so let
patent in the less expensive way so let me give you some options okay if you’re
me give you some options okay if you’re
me give you some options okay if you’re gonna if you’re gonna you know you’re
gonna if you’re gonna you know you’re
gonna if you’re gonna you know you’re worried about money let me give you some
worried about money let me give you some
worried about money let me give you some options your first option is you could
options your first option is you could
options your first option is you could do it yourself and if you’re given do it
do it yourself and if you’re given do it
do it yourself and if you’re given do it yourself you’re you know you can go for
yourself you’re you know you can go for
yourself you’re you know you can go for full patent your fees alone are gonna be
full patent your fees alone are gonna be
full patent your fees alone are gonna be just under a thousand dollars okay those
just under a thousand dollars okay those
just under a thousand dollars okay those are just fees to the government the
are just fees to the government the
are just fees to the government the other option is to go provisional patent
other option is to go provisional patent
other option is to go provisional patent and that fee is under a hundred bucks
and that fee is under a hundred bucks
and that fee is under a hundred bucks and what that allows you to do is be
and what that allows you to do is be
and what that allows you to do is be patent pending for a year but at the end
patent pending for a year but at the end
patent pending for a year but at the end of the year you have to go and file your
of the year you have to go and file your
of the year you have to go and file your full pack so basically gives you a year
full pack so basically gives you a year
full pack so basically gives you a year to figure out if you can commercialize
to figure out if you can commercialize
to figure out if you can commercialize it or not so the upside is a cost me a
it or not so the upside is a cost me a
it or not so the upside is a cost me a lot of money right hundred bucks for a
lot of money right hundred bucks for a
lot of money right hundred bucks for a provisional patent thousand bucks for a
provisional patent thousand bucks for a
provisional patent thousand bucks for a full package the danger is you have to
full package the danger is you have to
full package the danger is you have to do it properly right it’s like anything
do it properly right it’s like anything
do it properly right it’s like anything else you know whatever your business is
else you know whatever your business is
else you know whatever your business is you know if you are an electrician and
you know if you are an electrician and
you know if you are an electrician and somebody says hey I’m going to try doing
somebody says hey I’m going to try doing
somebody says hey I’m going to try doing the electrical wiring myself it’s
the electrical wiring myself it’s
the electrical wiring myself it’s possible but you’re probably make a lot
possible but you’re probably make a lot
possible but you’re probably make a lot of mistakes and so is it worth try to do
of mistakes and so is it worth try to do
of mistakes and so is it worth try to do it yourself
it yourself
it yourself some people have gone down with
some people have gone down with
some people have gone down with themselves the ones we’ve done it
themselves the ones we’ve done it
themselves the ones we’ve done it effectively you need to invest really a
effectively you need to invest really a
effectively you need to invest really a lot of time to educate yourself and how
lot of time to educate yourself and how
lot of time to educate yourself and how to do a proper path because at the end
to do a proper path because at the end
to do a proper path because at the end of the day the PAC’s was going to
of the day the PAC’s was going to
of the day the PAC’s was going to protect you right when you go out and
protect you right when you go out and
protect you right when you go out and you you know sell your product sell your
you you know sell your product sell your
you you know sell your product sell your company the patent is going to be what
company the patent is going to be what
company the patent is going to be what saves you you want to get acquired and
saves you you want to get acquired and
saves you you want to get acquired and you have important technology they’re
you have important technology they’re
you have important technology they’re gonna look for way around the pack right
gonna look for way around the pack right
gonna look for way around the pack right they don’t want to spend millions of
they don’t want to spend millions of
they don’t want to spend millions of dollars acquiring your business they
dollars acquiring your business they
dollars acquiring your business they want to do it for cheaper so the patent
want to do it for cheaper so the patent
want to do it for cheaper so the patent is the only thing that protects you and
is the only thing that protects you and
is the only thing that protects you and if your patent is not solid because you
if your patent is not solid because you
if your patent is not solid because you made mistake
made mistake
made mistake in it then then you’re going to miss out
in it then then you’re going to miss out
in it then then you’re going to miss out on your big deal right so that’s that’s
on your big deal right so that’s that’s
on your big deal right so that’s that’s the risk but you can’t do it yourself by
the risk but you can’t do it yourself by
the risk but you can’t do it yourself by spending 100 bucks provision or thousand
spending 100 bucks provision or thousand
spending 100 bucks provision or thousand for the full pack if you go with a
for the full pack if you go with a
for the full pack if you go with a lawyer it’s going to cost you depends on
lawyer it’s going to cost you depends on
lawyer it’s going to cost you depends on the lawyer five to ten thousand dollars
the lawyer five to ten thousand dollars
the lawyer five to ten thousand dollars in legal fees to get your packet done
in legal fees to get your packet done
in legal fees to get your packet done the second option this is something that
the second option this is something that
the second option this is something that I looked into it I had my first business
I looked into it I had my first business
I looked into it I had my first business was part rate up with a lawyer and this
was part rate up with a lawyer and this
was part rate up with a lawyer and this is a little more creative and it’s
is a little more creative and it’s
is a little more creative and it’s something that that no law firm will
something that that no law firm will
something that that no law firm will typically promote but the idea is you
typically promote but the idea is you
typically promote but the idea is you give them either an equity stake in your
give them either an equity stake in your
give them either an equity stake in your business or a piece of any money that’s
business or a piece of any money that’s
business or a piece of any money that’s made from the pack and they’ll only do
made from the pack and they’ll only do
made from the pack and they’ll only do this if they love the idea if they think
this if they love the idea if they think
this if they love the idea if they think that it’s going to make money and
that it’s going to make money and
that it’s going to make money and ideally what I love using a patent
ideally what I love using a patent
ideally what I love using a patent lawyer is I want my lawyer to help give
lawyer is I want my lawyer to help give
lawyer is I want my lawyer to help give me connections right it’s like you don’t
me connections right it’s like you don’t
me connections right it’s like you don’t bring on an angel investor just to try
bring on an angel investor just to try
bring on an angel investor just to try to just to give you money you want an
to just to give you money you want an
to just to give you money you want an angel is going to give you connections
angel is going to give you connections
angel is going to give you connections and ideas and resources right if I’m
and ideas and resources right if I’m
and ideas and resources right if I’m hiring a lawyer I don’t want my lawyer
hiring a lawyer I don’t want my lawyer
hiring a lawyer I don’t want my lawyer just to give me legal advice I want them
just to give me legal advice I want them
just to give me legal advice I want them to work at my business and give me some
to work at my business and give me some
to work at my business and give me some help right so a lot of the patent
help right so a lot of the patent
help right so a lot of the patent lawyers if you look at a bigger company
lawyers if you look at a bigger company
lawyers if you look at a bigger company they may have clients who could use your
they may have clients who could use your
they may have clients who could use your pack right who could be potential
pack right who could be potential
pack right who could be potential clients or potential acquisition targets
clients or potential acquisition targets
clients or potential acquisition targets right they may look at your business say
right they may look at your business say
right they may look at your business say hey this is such a great idea I want to
hey this is such a great idea I want to
hey this is such a great idea I want to buy this company out and so that’s an
buy this company out and so that’s an
buy this company out and so that’s an advantage of working with a lawyer to
advantage of working with a lawyer to
advantage of working with a lawyer to help you get there so if the lawyer
help you get there so if the lawyer
help you get there so if the lawyer really likes the idea really believes in
really likes the idea really believes in
really likes the idea really believes in you really sees potential and
you really sees potential and
you really sees potential and potentially also has some clients within
potentially also has some clients within
potentially also has some clients within the firm who might be good fits for you
the firm who might be good fits for you
the firm who might be good fits for you then they might come in on a win-win
then they might come in on a win-win
then they might come in on a win-win basis and not take any fees upfront I’ve
basis and not take any fees upfront I’ve
basis and not take any fees upfront I’ve structured a deal like that with my
structured a deal like that with my
structured a deal like that with my business but again it’s something that
business but again it’s something that
business but again it’s something that no lawyer typically pays upfront because
no lawyer typically pays upfront because
no lawyer typically pays upfront because otherwise everyone’s going to be rich
otherwise everyone’s going to be rich
otherwise everyone’s going to be rich maybe
maybe
maybe so those are options okay thousand
so those are options okay thousand
so those are options okay thousand dollars did the factor self $100 to the
dollars did the factor self $100 to the
dollars did the factor self $100 to the provisional patent yourself and advised
provisional patent yourself and advised
provisional patent yourself and advised you a year to go out and commercialize
you a year to go out and commercialize
you a year to go out and commercialize and then go get the full file number
and then go get the full file number
and then go get the full file number three is go work with a lawyer or cost
three is go work with a lawyer or cost
three is go work with a lawyer or cost you five to ten thousand dollars and
you five to ten thousand dollars and
you five to ten thousand dollars and number four is try to partner up with a
number four is try to partner up with a
number four is try to partner up with a patent lawyer who loves with your
patent lawyer who loves with your
patent lawyer who loves with your jewelry can make some contacts for you
jewelry can make some contacts for you
jewelry can make some contacts for you and gets paid whenever you move it from
and gets paid whenever you move it from
and gets paid whenever you move it from the packet Willy
the packet Willy
the packet Willy that’s my tips those you watch it you
that’s my tips those you watch it you
that’s my tips those you watch it you like the video you can subscribe to the
like the video you can subscribe to the
like the video you can subscribe to the channel I love my subscribers thank you
channel I love my subscribers thank you
channel I love my subscribers thank you for joining you can support me if I
for joining you can support me if I
for joining you can support me if I click on a link in the description and
click on a link in the description and
click on a link in the description and leave a comment below let me know what
leave a comment below let me know what
leave a comment below let me know what you think if you had challenges with
you think if you had challenges with
you think if you had challenges with patents and you put it below you want to
patents and you put it below you want to
patents and you put it below you want to share your experience share it below or
share your experience share it below or
share your experience share it below or you have different questions for me to
you have different questions for me to
you have different questions for me to put it below – a love see those come in
put it below – a love see those come in
put it below – a love see those come in your comments are awesome and they make
your comments are awesome and they make
your comments are awesome and they make my day every day so thank you I’ll see
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