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5 INVENTOR MUST KNOWS

1)  For every 100 patents issued, 5 of those products will actually go public. That’s just 5%. You can increase the percentage a bit by teaming up with a seasoned inventor who’s built solid connections with years of honest hard work, one who can begin making  phone calls for you and target people they have business history with. 

2)  Income from your patent is just as scarce, only 1 in every 100 patents issued will generate  income in the 7 figure range. (1 million or more)  As an inventor, your odds are a little better to make 5 or 6 figures on your invention/innovation but the odds don’t go up much for those amounts  either. Again, connecting with a seasoned inventor will increase those odds in your favor and in a niche market with a lot of competition, any advantage coming your way is  huge. 

3)  This world has 7 billion people  living on it, the odds of developing that magic invention or innovation that hasn’t been invented, protected, manufactured and failed or succeeded  are pretty slim. Don’t ever jump into an agreement with an invention help company that’s going to cost you  10s of thousands of dollars for any reason, especially when you’re in the walking, not running phase of your journey into this complicated world.  Once again, better to find an inventor who’ll take a realistic look at your innovation and give you an honest appraisal of it without costing you your life savings. 

4)  You don’t have to secure a patent prior to discussing your invention/innovation with companies but,  you’ll  need some protection, know what you need and when to have it in force.  I’ve heard the horror stories of Provisional Apps, and Patent Work by people who are supposed to be helping you and fighting for you and not lining their pockets with your hard-earned money. I’ve been there, I’ve been taken for almost 10,000.00, I do know their games and the damages they cause to inventors and their families. And one more time, a seasoned inventor who’s fought  in the trenches, had success, been issued and sold patents, licensed products and sold products with no IP Protection. 

5)  Lastly, the advantages of going to my website and just looking around are many. I’m an inventor like you. I have had better than industry percentages of success in this field. You’ll speak to me, not a call center person trained to get you involved with their company using slick well laid out pitches designed to separate you from your money. Think about it, if the percentages are so low for an inventor to make money, or have a product make it to the big box stores or other avenues of retail, then the companies that are doing all the advertising for products and inventors must be making money from somewhere right? I’m thinkin it is from the fees that they are paid for services that most never are recovered by the inventor they snare in their nets….. I’m an inventor, I’m one of you… I’ve been in your shoes, I don’t take on every product if it doesn’t make sense to do so. This week alone, I walked away from 3 products that just didn’t seem right to me.  

 

  • Posted by Randy Jack
  • On December 29, 2017
  • 0 Comment
Tags: inventing help, Invention, Invention Consulation, Invention Design, Invention Help, invention manufacturing, Invention Marketing, inventor advise, inventor blog, Package Design, Patent Referral, product design, product review, prototype design, Prototypes Design, randyjack.com, successful inventor

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      • January 2018
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      • Invention Help Scams
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      Living In Other Inventors Worlds

      Sometimes I Just Say No

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      Quote About Randy Jack

      As a 50-year pet industry veteran, I’ve had the pleasure of working with and building many new pet companies. New pet products and innovations are the lifeblood of the pet industries growth! In my career, I’ve worked with many creative designers and inventors. Many come and go, but few have that special insight based on the love of pets. Randy Jack is one of those individuals with a rare, unique, gut instinct who can transport his vision into something special, that solves a need. His ideas can be as disruptive as needed, or can turn an ordinary pet product into an extraordinary product! Having worked with Randy I can highly recommend his creativity and his design ability.

      Phillip M Cooper
      President of North American Sales + Marketing
      http://petindustryexpert.com/

      Why Use Randy Jack?

      Randy has demonstrated he not only can design products but has the unique ability to identify flaws in other products…whether they be established in the market products or those in the process of being created by our design team. He also demonstrated the skill to then correct or redesign them so they fulfill the objectives we envision for the product. While self-taught, Randy has demonstrated he has great product development instincts that make him a uniquely creative and innovative inventor.

      Michael D. London
      Chairman/CEO
      505 San Marin Drive
      Building B – Suite 180
      Novato, CA 94947

      Another Quote About Randy
      I am super impressed with your skill set – wow!
      Very impressed with what you have put together.
      Marshall Morris
      COO, Co-Founder
      IHEARTDOGS
      Working with Randy

      I have worked with Randy as a teammate on several pet-related open innovation projects. As an independent product developer, Randy possesses exceptional divergent-thinking capabilities that allow him to identify product opportunities and envision new designs that others would likely miss. This, combined with his keen eye for core aesthetics without compromising functionality, allows him to produce new product designs that are truly ground-breaking.

      -Chuck Lamprey

      Product Development/Open Innovation

      Randy is a Brilliant Thinker
      “Randy is a brilliant thinker, inventory, and product pioneer. His ability to distill concepts and ideas into market ready designs is incredible. We have enjoyed working with him and look forward to doing much in the future.”
      Marshall Morris

      President

      iHeartDogs.com | HomeLife Media

      Over 22,000,000 Shelter Dogs and Cats Fed!

      Recommend Randy
      I have personally worked with Randy on many projects, on numerous occasions. Working with Randy is always a pleasure. His ideas are well developed, organized and incorporate a mix of proven concepts and new implementations of sound and feasible concepts. I would highly recommend Randy to any person, startup or established company with regards to helping plan, develop or bring their idea’s to the next level. Randy’s skills and connections are a valuable resource to have on any team. Inside and outside of business he is all around a personable and kind person, always there to go the extra mile to make sure things are done correctly, efficiently and on time. I look forward to being involved in projects and working together in the future.

      Brian Walt
      CEO
      Walt 3D
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