how to present your idea to a company so I’ve got a great question for my youtube
I’ve got a great question for my youtube
I’ve got a great question for my youtube viewers love you guys who’s an inventor
viewers love you guys who’s an inventor
viewers love you guys who’s an inventor and wrote in the say this is H J invent
and wrote in the say this is H J invent
and wrote in the say this is H J invent hi Evan I’m an inventor I have a great
hi Evan I’m an inventor I have a great
hi Evan I’m an inventor I have a great idea that I’ve created I would like to
idea that I’ve created I would like to
idea that I’ve created I would like to present it to a company that can use the
present it to a company that can use the
present it to a company that can use the product I have drawings even a prototype
product I have drawings even a prototype
product I have drawings even a prototype I personally made I do not have startup
I personally made I do not have startup
I personally made I do not have startup capital to get a prototype this is a
capital to get a prototype this is a
capital to get a prototype this is a great product and I know that we do
great product and I know that we do
great product and I know that we do great in the market can you give me some
great in the market can you give me some
great in the market can you give me some advice on different approaches things to
advice on different approaches things to
advice on different approaches things to do thanks HJ invent this is a great
do thanks HJ invent this is a great
do thanks HJ invent this is a great question and for a lot of inventors you
question and for a lot of inventors you
question and for a lot of inventors you love to invent you love to create but
love to invent you love to create but
love to invent you love to create but you don’t love to go out and sell and
you don’t love to go out and sell and
you don’t love to go out and sell and marketing and an ideal scenario for a
marketing and an ideal scenario for a
marketing and an ideal scenario for a lot of inventors is to sell the company
lot of inventors is to sell the company
lot of inventors is to sell the company or sell the the license or sell the
or sell the the license or sell the
or sell the the license or sell the patent to a larger corporation so you
patent to a larger corporation so you
patent to a larger corporation so you can go back doing what you’re great at
can go back doing what you’re great at
can go back doing what you’re great at which is inventing here’s the challenge
which is inventing here’s the challenge
which is inventing here’s the challenge and here is my advice for what to do
and here is my advice for what to do
and here is my advice for what to do when you present something to a company
when you present something to a company
when you present something to a company okay you prevent your invention you give
okay you prevent your invention you give
okay you prevent your invention you give them your idea you have to understand
them your idea you have to understand
them your idea you have to understand the companies they’re in the business to
the companies they’re in the business to
the companies they’re in the business to make money – right they don’t want to
make money – right they don’t want to
make money – right they don’t want to pay you a lot of money unless they have
pay you a lot of money unless they have
pay you a lot of money unless they have to and so the first thing that a company
to and so the first thing that a company
to and so the first thing that a company is going to look at if you’re talking to
is going to look at if you’re talking to
is going to look at if you’re talking to the CEO he’s going to turn to his tech
the CEO he’s going to turn to his tech
the CEO he’s going to turn to his tech guy is his genius on the technology side
guy is his genius on the technology side
guy is his genius on the technology side and say you know how long is this going
and say you know how long is this going
and say you know how long is this going to take us to do and they’re going to
to take us to do and they’re going to
to take us to do and they’re going to try to reverse engineer and the only
try to reverse engineer and the only
try to reverse engineer and the only reason why they would do a deal with you
reason why they would do a deal with you
reason why they would do a deal with you is one because you have a patent so you
is one because you have a patent so you
is one because you have a patent so you have something about your product that
have something about your product that
have something about your product that is unique that they can’t do because its
is unique that they can’t do because its
is unique that they can’t do because its patented or because it’s really going to
patented or because it’s really going to
patented or because it’s really going to cut down their time to market so if they
cut down their time to market so if they
cut down their time to market so if they love this thing so much they’re going to
love this thing so much they’re going to
love this thing so much they’re going to want to do it themselves unless it’s
want to do it themselves unless it’s
want to do it themselves unless it’s going to take them a year to do it right
going to take them a year to do it right
going to take them a year to do it right if it takes them a year to do it then
if it takes them a year to do it then
if it takes them a year to do it then they can figure out okay well if this
they can figure out okay well if this
they can figure out okay well if this cuts our development time by one year
cuts our development time by one year
cuts our development time by one year then it’s worth X amount of dollars to
then it’s worth X amount of dollars to
then it’s worth X amount of dollars to us and that’s why the volume if you have
us and that’s why the volume if you have
us and that’s why the volume if you have a company which you don’t have it for
a company which you don’t have it for
a company which you don’t have it for those inventors who’ve built a business
those inventors who’ve built a business
those inventors who’ve built a business and have customers
and have customers
and have customers there’s an acquisition cost to those
there’s an acquisition cost to those
there’s an acquisition cost to those customers too right there’s you know how
customers too right there’s you know how
customers too right there’s you know how long would it take us do you have a
long would it take us do you have a
long would it take us do you have a thousand customers using this so they’re
thousand customers using this so they’re
thousand customers using this so they’re buying your customer base so the more
buying your customer base so the more
buying your customer base so the more momentum you have with your company the
momentum you have with your company the
momentum you have with your company the easier it is to get a better price
easier it is to get a better price
easier it is to get a better price tacking it’s somebody interested so
tacking it’s somebody interested so
tacking it’s somebody interested so again you’ve got this great product
again you’ve got this great product
again you’ve got this great product right you go you talk to a company
right you go you talk to a company
right you go you talk to a company they’re going to see – we love this idea
they’re going to see – we love this idea
they’re going to see – we love this idea this is fantastic you leave the door
this is fantastic you leave the door
this is fantastic you leave the door they’re talking to each other how do we
they’re talking to each other how do we
they’re talking to each other how do we do this ourselves do we have to pay this
do this ourselves do we have to pay this
do this ourselves do we have to pay this guy so where you are right now one make
guy so where you are right now one make
guy so where you are right now one make sure you get the patent because you
sure you get the patent because you
sure you get the patent because you don’t have a customer base to sell so
don’t have a customer base to sell so
don’t have a customer base to sell so get the patent to protect yourself so
get the patent to protect yourself so
get the patent to protect yourself so they can’t do anything themselves and –
they can’t do anything themselves and –
they can’t do anything themselves and – you want to make it as hard as possible
you want to make it as hard as possible
you want to make it as hard as possible for them to create this thing so the
for them to create this thing so the
for them to create this thing so the more technical it is the longer time to
more technical it is the longer time to
more technical it is the longer time to market it’s going to be for them if it’s
market it’s going to be for them if it’s
market it’s going to be for them if it’s if it saves them that one year of
if it saves them that one year of
if it saves them that one year of development because they can just buy
development because they can just buy
development because they can just buy from you and they see this as something
from you and they see this as something
from you and they see this as something critical to get to market then that
critical to get to market then that
critical to get to market then that increases your price time so make sure
increases your price time so make sure
increases your price time so make sure you protect yourself because I don’t
you protect yourself because I don’t
you protect yourself because I don’t want you walking into that meeting and
want you walking into that meeting and
want you walking into that meeting and then saying wow that went really well
then saying wow that went really well
then saying wow that went really well and then behind your back these guys are
and then behind your back these guys are
and then behind your back these guys are out creating their own product then you
out creating their own product then you
out creating their own product then you never hear from them again that happens
never hear from them again that happens
never hear from them again that happens a lot with entrepreneurs I don’t want it
a lot with entrepreneurs I don’t want it
a lot with entrepreneurs I don’t want it to be you in terms of how to get in if
to be you in terms of how to get in if
to be you in terms of how to get in if you’re going to the patent one great way
you’re going to the patent one great way
you’re going to the patent one great way to get in to see these companies is to
to get in to see these companies is to
to get in to see these companies is to speak with your patent lawyer get a
speak with your patent lawyer get a
speak with your patent lawyer get a patent lawyer who’s from a bigger
patent lawyer who’s from a bigger
patent lawyer who’s from a bigger company who has connections into these
company who has connections into these
company who has connections into these companies that you’re trying to connect
companies that you’re trying to connect
companies that you’re trying to connect with because part of how lawyers keep
with because part of how lawyers keep
with because part of how lawyers keep their business around what’s it say
their business around what’s it say
their business around what’s it say between one lawyer and another lawyer
between one lawyer and another lawyer
between one lawyer and another lawyer one law firm in another law firm it’s
one law firm in another law firm it’s
one law firm in another law firm it’s the relationships they create so by
the relationships they create so by
the relationships they create so by introducing you to a potential company
introducing you to a potential company
introducing you to a potential company they’re actually helping that company
they’re actually helping that company
they’re actually helping that company out – right they have to believe that
out – right they have to believe that
out – right they have to believe that making an introduction is going to be
making an introduction is going to be
making an introduction is going to be beneficial for everybody and if it is
beneficial for everybody and if it is
beneficial for everybody and if it is then that company’s gonna say well this
then that company’s gonna say well this
then that company’s gonna say well this law firm really cares about us that’s
law firm really cares about us that’s
law firm really cares about us that’s how low your stand down so if you’re
how low your stand down so if you’re
how low your stand down so if you’re going for a patent don’t get the Joe
going for a patent don’t get the Joe
going for a patent don’t get the Joe Schmo patent lawyer who has no
Schmo patent lawyer who has no
Schmo patent lawyer who has no connections who can help you but give
connections who can help you but give
connections who can help you but give you a patent because then you’re still
you a patent because then you’re still
you a patent because then you’re still on your own to try to
on your own to try to
on your own to try to this thing which isn’t your expertise
this thing which isn’t your expertise
this thing which isn’t your expertise find the lawyer who does have
find the lawyer who does have
find the lawyer who does have connections or at least their law firm
connections or at least their law firm
connections or at least their law firm has connections into the companies that
has connections into the companies that
has connections into the companies that you want to sell to and hopefully they
you want to sell to and hopefully they
you want to sell to and hopefully they can facilitate that introduction but
can facilitate that introduction but
can facilitate that introduction but make sure to protect yourself believe
make sure to protect yourself believe
make sure to protect yourself believe for those of you inventors out there I
for those of you inventors out there I
for those of you inventors out there I love to hear about how you’ve gone
love to hear about how you’ve gone
love to hear about how you’ve gone through this process how you’ve sold
through this process how you’ve sold
through this process how you’ve sold your technology or how you’re trying to
your technology or how you’re trying to
your technology or how you’re trying to do it right now how the patent process
do it right now how the patent process
do it right now how the patent process was for you leave a comment underneath
was for you leave a comment underneath
was for you leave a comment underneath let me know what you think and also it
let me know what you think and also it
let me know what you think and also it helps other inventors who are going
helps other inventors who are going
helps other inventors who are going through this process your feedback will
through this process your feedback will
through this process your feedback will really help them so please leave a
really help them so please leave a
really help them so please leave a comment below you like this video give
comment below you like this video give
comment below you like this video give it a thumbs up click on my face
it a thumbs up click on my face
it a thumbs up click on my face subscribe to the channel thank you so
subscribe to the channel thank you so
subscribe to the channel thank you so much I’ll see you soon
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