Warning: This video contains some foul language. When you have an idea for a new product or come up with an invention, what should you do first? What are your options as far as getting to market? The two main paths to commercialization for inventors are licensing, which you can think of like renting, and manufacturing your product yourself — the traditional process of starting a business.

Product licensing expert Stephen Key debates Marc Portney, investor, entrepreneur, and business advisor about the merits of the licensing business model versus venturing. Both men have experienced the benefits and drawbacks of each! As Marc explains early on, it's really about understanding what your strengths, weaknesses, and desires are. Are you more of a business type, or a creative type?

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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 [ Ссылка ] for more information and to join the one-one-one 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, non-disclosure 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, hand-holding, honesty about the invention industry, and so much more.

Contact us at #1-800-701-7993 or [ Ссылка ].

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: [ Ссылка ].

This is the book you need to file a well-written provisional patent application: “Sell Your Ideas With or Without a Patent.” Find it here: [ Ссылка ].

Determined to become a professional inventor? Read Stephen's new book "Become a Professional Inventor: The Insider's Guide to Companies Looking For Ideas": [ Ссылка ]

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