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Who Should You Trust With Your Idea or Invention?

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So, you have an idea for a new product. Maybe you've invented something! Maybe you've just written down the seed of an idea on a napkin. Maybe you've begun to prototype or consider filing intellectual property. You're probably wondering: Who can I trust to help me with my invention idea? Are there reputable service providers who can help me with my invention? Who are they? How can I tell the bad guys from the good in the invention industry?

At a blacktie event celebrating the National Academy of Inventors in Washington D.C. a couple years ago, inventor and your inventRightTV cohost Stephen Key had the pleasure of sitting across from Arthur Daemmrich, director of the Lemelson Center for the Study of Invention and Innovation at the Smithsonian Institution. Daemmrich is a leading scholar on science and technology studies. At the Lemelson Center, which is located in the National Museum of American History, he leads a group that researches invention and innovation.

Stephen couldn’t resist the opportunity to ask him about history of the inventing industry itself. When he brought up service providers taking advantage of inventors, Arthur told him, “Steve, this has been going on since the Wright brothers invented the airplane.”

Stephen lists eight red flags for inventors who are looking for help with their invention and/or new product idea. He also offers eight tips for inventors to use to avoid getting scammed, ripped off, and having their inventions go nowhere.

Inventors, you can do this. Do your research, take your time, and always continue to educate yourself along the way.

Stephen Key and Andrew Krauss are the world's leading experts on how to license a product idea. If you have an invention idea, this is the show to watch. Steve and Andrew are the cofounders of inventRight, a coaching program that has helped people from more than 60 countries license their ideas for new products. Visit http://www.inventright.com for more information and to join the oneoneone coaching program.

If you have questions about how to invent, how to be creative, design, how to do market research, prototyping, manufacturing, negotiating, pitching, how to sell, how to cold call, how to reach out to open innovation companies, licensing agreements, nondisclosure agreements, patents, copyright, trademarks, and intellectual property in general — subscribe to inventRightTV! New videos every week, including tons of entrepreneur success stories.

Inventing can be lonely, but you don't have to go it alone! Join the inventRight community for priceless inventor education, mentorship, support, accountability, handholding, honesty about the invention industry, and so much more.

Contact us at #18007017993 or https://www.inventright.com/contact.

This is the book you need to license your product idea: “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: http://amzn.to/1LGotjB.

This is the book you need to file a wellwritten provisional patent application: “Sell Your Ideas With or Without a Patent.” Find it here: http://amzn.to/1T1dOU2.

Determined to become a professional inventor? Read Stephen's new book "Become a Professional Inventor: The Insider's Guide to Companies Looking For Ideas": https://www.amazon.com/gp/product/165...

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Reference on this video to any specific commercial products, process, service, manufacturer, company, or trademark does not constitute its endorsement or recommendation by inventRight, LLC or its hosts. This video may contain links to external websites that are not provided or maintained by or in any way affiliated with inventRight, LLC. Please note that the inventRight LLC. does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

posted by wampertl1