How I make money inventing
In this video I will get into how I make money inventing, and I get into how much to expect.
https://efs.uspto.gov/EFSWebUIUnregis...
https://www.uspto.gov/patents/basics/...
(Something I forgot to add is you might want to look into making an LLC if you rent out your ideas.)
0:00 - Intro
0:30 - How much money from direct sells
1:41 - How much can you make for renting your idea
3:28 - Risk
4:59 - Method 1 (you sell your invention)
10:33 - Method 2 (you rent your idea)
13:21 - How to sell an idea without a prototype and protection
15:30 - What to do before sending your idea out
17:02 - Finding companies to send your idea to
25:36 - Make a sell sheet to give to the company
30:50 - What happens when you first contact a company
31:30 - What not to do
34:15 - Minimums. The thing that lets you take your idea to another company if you don't make enough money
36:00 - Pay
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