Consider licensing your invention

[Hopkinson Senior Member Find all posts View Profile Close Hopkinson]

You might also consider partnering with an established company to lease your invention to them. You’ll get your invention into the market and will earn a percentage of the product sales. According to UpCounsel, most licensing agreements earn between 3% and 6% of the gross sales. The benefit of licensing your invention is that you’ll begin earning passive income and won’t have to worry about the costs involved in bringing a product to market. However, you won’t have any control over how your invention is marketed, and if the product is a huge hit, you’ll only earn a fraction of the proceeds.

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This is where Invent Help will put in the work to refer you to patent attorneys who can assist you with the legal side of your journey. As you know, this is a vital step in the invention process, so you don’t want to settle for just any attorney! We will recommend, however, that you actually have this part figured out before going through the steps with Invent Help. This helps to assure you that you have a valid and worthwhile idea before you pour money into the services offered by companies like Invent Help. After all, it would be devastating to get this far in the process only to discover that your idea has already been invented and patented by someone else.