The post Episode 37 – Hosted by Sylvia Pomazak Featuring inventRight Alumni Otto D’Agnolo (https://inventright.com/podcast/episode-37-hosted-by-sylvia-pomazak-featuring-inventright-alumni-otto-dagnolo/) appeared first on inventRight (https://inventright.com/). Hosted by Ausha. See ausha.co/privacy-policy for more information.

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Vladan Kristic started to pursue his dreams of inventing in 2015 when he began researching product licensing. When he was looking for help, he would speak with invention promotion companies but they all sounded like money pits to him. In 2016 he was in college and attended an inventors meeting where he saw Stephen Key speak. He started reading his books and the rest fell into place. He joined the personal inventRight coaching program and worked with his coach, who helped him learn and understand the licensing process. Vladan ended up licensing his first idea, oscillator-hole cutters and is continuing to work on other ideas to license as well.  Hosted by Ausha. See ausha.co/privacy-policy for more information.

Keanu never knew what a product developer did. In 2018, he drew up a pocket knife on a piece of paper and put it away. Two years later, when he felt stuck in life and found the piece of paper in front of him, he decided to teach himself CAD while working a 9-5 job. When he came home, he would start working on his idea. He was about to start the process of getting a patent, but at 24 years old, it seemed overwhelming. Then he came across Stephen Key’s book “Sell Your Ideas With or Without a Patent.” He submitted his idea to 48 companies and 6 days later he got a yes. He started working with inventRight expert licensing contract negotiator Paul Sorenson through the negotiations and says that he wishes he “would have found inventRight sooner”. With the help of inventRight resources and the support provided by working with a true expert, he licensed his original knife idea, and then he licensed another idea too right after that too! Wow. We’re impressed.  Hosted by Ausha. See ausha.co/privacy-policy for more information.

The post Episode 33 – Hosted by Sylvia Pomazak Featuring inventRight Alumni Andrew Hodgson (https://inventright.com/podcast/episode-33-hosted-by-sylvia-pomazak-featuring-inventright-alumni-andrew-hodgson/) appeared first on inventRight (https://inventright.com/). Hosted by Ausha. See ausha.co/privacy-policy for more information.

Joey’s wife could never get her fingers into her wallet to remove her credit cards, which inspired him to come up with a simple solution to help with this problem. When he started to research how to commercialize an idea, he found a Facebook group that mentioned an inventor named Stephen Key. He read Stephen's book "One Simple Idea" and began watching inventRightTV videos on YouTube, and soon after that he signed up for the inventRight coaching program. He followed the inventRight 10-step process and got interest from two companies, but eventually they passed on the product. Instead of giving up, Joey used LinkedIn to find more inventor-friendly companies and continued to reach out. He found another company that liked his idea and he signed his first licensing deal. His product Charmbits are now selling on Amazon! Hosted by Ausha. See ausha.co/privacy-policy for more information.

Craig Allen – Licensing His Product in the Midst of COVID -19 Growing up watching his dad constantly fix things, Craig caught the bug. He approached a patent attorney, but then asked if instead of filing a patent he could file a provisional patent application and then market the product. The patent attorney had never heard of this approach but said sure, why not.  Later Craig found Stephen Key’s book “One Simple Idea,” which described that exact strategy for licensing an idea! After researching inventRight, it was the only company that really felt like it would be a ‘home’ for him, because he wanted to master the licensing process with the ultimate goal of becoming a full-time product developer. He was humbled when his coach Paul Sorenson had him redo his sell sheet, and it took his product and interest from companies to the next level. When Craig went to the 2020 New York City Toy Fair, every single company liked his product. He had two companies that were interested in moving forward and was about to hear from them when COVID-19 hit. Like many of us, Craig started stocking toilet paper and shared that “it felt like a dark time when I didn’t hear back.”   His coach Paul motivated him to keep going: “If the product is great, COVID-19 won’t matter.” Craig’s faith, new sell sheet and video, and follow-up with those companies led to a company getting back to him within 48 hours, sending a contract, and him signing it on April 30th. Be open to feedback, be flexible, learn the process, get out there and do it! Hosted by Ausha. See ausha.co/privacy-policy for more information.

Courtney Laschkewitsch always has ideas. By the time she was in high school, she already had 300 of them written down! She didn’t want to start a business, so she needed another way of bringing her ideas to life.  She started doing research and found Stephen Key’s book “One Simple Idea” and fell in love with the business model of licensing. After applying to colleges and getting accepted, she decided she did not want to take on any student loan debt. So, she began attending community college, where she took business courses, and started a small jewelry business. However, she knew that licensing was still what she really wanted to learn. She wanted to enroll in the inventRight program, and needed to have her parents’ support since it would be an investment of her hard-earned money and time. After doing A LOT of research about inventRight and learning about the program, she finally enrolled in six months of bootcamp coaching. Courtney’s experience was transformational. She not only made an investment in her education, she received emotional support from her coach. While in the program, she received a licensing offer, but it ended up falling through. Still, she felt more confident having gained the experience and felt prepared moving forward. Later, when she reached back out to a company that she had originally shared her idea with, they were not only interested in licensing that product, they also wanted to license three additional products from her!  Courtney’s keys to licensing success are trusting in the process, persistence, perseverance, and believing in yourself.  Hosted by Ausha. See ausha.co/privacy-policy for more information.

For 10 years, Phil Case would come up with new ideas for products and always wonder, “What do I do next?” An entrepreneurship class in college taught him how to write a business plan, but after seeing how much money it would take to run a company and bring a product to market, he figured there had to be a better way. He soon found inventRight cofounder Stephen Key’s book One Simple Idea which was exactly what he was looking for. Phil being a very “process and documentation driven person” liked how the book broke the product licensing process down into 10 steps.  However, the one thing lacking was accountability. He knew about the 6-month coaching program inventRight offered, but it was out of his budget. He partnered with his best friend Bryan (also an idea guy), gave him the book, and asked him to team up. When they saw inventRight was running a contest for a free Bootcamp program to celebrate its 20th anniversary, they decided to enter. After their video entry was selected as the winner, Phil and Bryan started working with their coach on their first product.  “Without a coach, we would probably still be working on a prototype,” he says. They finally started to reach out to companies and got interest on their initial idea and also started working on their second product. Phil and Bryan are continuing to follow up with companies that have expressed interest in their first product and applying the process to new product ideas as well. Great job guys! Hosted by Ausha. See ausha.co/privacy-policy for more information.