Wed 11 Jun 2008
Why would you want to license a product for a 5 to 10% royalty when you could make it yourself and have all the profit?
Posted by Administrator under Inventing - Tip of the WeekHey everyone at Shop4Patents.com!
This week’s audio tip from Stephen Key and Andrew Krauss of www.inventRight.com asks and answers the question . . .
Why would you want to license a product for a 5 to 10% royalty when you could make it yourself and have all the profit?
Please use the comments section below to comment on this audio. Stephen and Andrew will be checking in and respond to the comments made below.
This weekly inventing audio tip is courtesy of Stephen Key and Andrew Krauss of http://www.inventRight.com.
Nice information Stephen and Andrew. Like anything else you can make the money your willing to risk. If you have a multi-million dollar idea 5% isn’t too bad.
Hello Peter,
Your right Peter. If you focus on ideas that have large potential, 5% of a product that does 200,000 or 500,000 thousand units a year can really add up.
A big manufacturer can handle huge orders of 200,000 or 500,000 of merchandise every year that a small company never could. Meaning your product could potentially get out to many more people and make you more money.
Keep Inventing,
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