Why Not License Your Idea?

Today I published a helpful article by Valerie Young, “How to Make Money Licensing Your Invention Idea.” In the article, she mentions several resources to help you with developing and marketing your idea, but the article doesn’t include links to the resources. The article directory I got it from has terms and conditions specifying that I not change the article in any substantial way. So, I’m giving you a separate list (with descriptions). I always try to check out links and resources suggested by guest authors I publish anyway, so it’s just as well I give you the most up-to-day links and info I can find.

The first resource Young mentions is a book. I actually have a copy of the first edition of the book from 1993. I was glad to see it had been revised and updated to meet the needs of the online world. How to License Your Million Dollar Idea: Cash In On Your Inventions, New Product Ideas, Software, Web Business Ideas, And More

The rest of the resources are websites.

The U.S. Patent and Trademark Office — http://uspto.gov — Do your own research to see if you really have an idea that can be patented. Also, get some inspiration by looking at other people’s similar ideas.

The United Inventors Association — http://www.uiausa.org — You can use them just to find a club in your area, you can join for free and get some benefits (like educational videos and other goodies), or you can join with a premium membership and get Inventor’s Digest Magazine for free (usually a $39 subscription) along with even more goodies.

http://www.tsnn.com (Trade Show News Network – “The Ultimate Trade Show Directory”). Lots of free information, lists and links.

http://www.TradeGroup.com (trade show displays, exhibits, designs) — a commercial organization that sells exhibit stands, booths, supplies, etc. to help you display your invention at trade shows.

Young also mentioned a couple of trade shows specifically good for inventors to go meet others who might be willing to carry your invention as part of their own lines as licensees or partners.

  • INPEX — http://www.inpex.com/ — Invention and New Product Exhibition — it is sponsored by Inventhelp.com, which provides numerous services and information to inventors.
  • Minnesota Inventors Congress — http://www.minnesotainventorscongress.org/

Inventor’s Digest Magazine — http://www.inventorsdigest.com/ — whether you subscribe or not, the website has some good free articles. Plus they have links to a great number of useful resources. (Also, you can get Inventor’s Digest free if you join United Inventor’s Association as a premium member.)