Inventor: Transform Your Idea Into Profits and Royalties.

A course on taking your invention through the entire launch process, from Kickstarter to making it your sole business.
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  • Lectures 48
  • Length 7 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
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    Available on iOS and Android
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About This Course

Published 10/2013 English

Course Description

    Do you have a great invention idea you know can be profitable?

    Do you have a prototype or a patent of your idea?

    Discover a proven system to license your invention idea, collect royalties, and leverage companies to do most of the work for you. Learn the smarter way to make money with your invention idea.

    Invention Code is easy to follow, and shows you a step by step system on how to market your invention idea, and start a profitable income stream with your ideas.

    Invention Code shows you how to:

      ·Determine if your idea can make money.

      ·The benefits and traps of patents.

      ·How to negotiate your profitable money making deals

      ·Effective tools and techniques to get your invention licensed.

      ·How to spend the least amount of money to get your idea sold.

      ·Secret methods and tools to get your ideas sold quicker.

      ·How to find the best money making ideas.

      ·Effective ways to protect your idea.

      ·Inexpensive ways to prototype your idea.

      ·Save thousands of dollars on your patents.

      ·What mistakes to avoid with patents.

      ·The benefits of licensing your idea versus manufacturing it yourself.

      ·How to contact the key decision makers to license your idea.

      ·How to put together an effective business and marketing plan for your idea.

      ·What to say to manufacturers to get them interested to your idea.

      ·The best places to find companies that will license your idea.

    Why learn from the Invention Code course?

    You’re riding the coat tails of Ken Tarlow, a successful inventor with over 35 years of experience of creating over 400 products worth over one billion dollars in retail sales.

    Some Including:

    ·TurboWash –10 million sold

    ·Fast Track Tie Rack –2 million sold

    ·Airplane headset – 60 million sold

    ·Sharper Image Neck Cooler – 500,000 sold

    __________________________________________________________________________________________

    As an inventor or co-inventor Ken Tarlow has 81 US patents to his name. He’s listed in “Who’s Who of American Inventors” and is a frequent speaker at business events, and has appeared on TV, radio and print media.

    After a life of being on the front line of invention and entrepreneurship, he enjoys passing on the knowledge that he’s accumulated from his 30 years of professional experience.

    __________________________________________________________________________________________

    This class will show you how to:

    (Module 1) Finding your idea

      ·How to find the best money making ideas.

      ·Find the best markets to invent for. Find which markets to avoid.

      ·The top 10 trends for your product ideas.

      ·How to instantly get good ideas to invent for.

      ·The truth and lies about the product development process.

      ·The formula for a successful product

      ·The difference between an idea and a saleable product.

    (Module 2) Evaluation and Research

      ·Determine if your idea can make money.

      ·Cost effective ways to research your money-making idea.

      ·Effective ways to do your patent search.

      ·The market survey form.

      ·The product success puzzle.

      ·Effective tools to research your ideas.

    (Module 3) Prototypes

      ·Easy prototyping techniques you can do.

      ·How to find outside help to prototype.

      ·All about packaging.

      ·Testing your prototype.

      ·How to create professional looking prototypes.

      ·Inexpensive ways to prototype your ideas.

    (Module 4) Legal Protection – All about patents

      ·The benefits and traps of patents

      ·Effective ways to protect your idea.

      ·Save thousands in costly attorney fees with this simple tool.

      ·How to spend the least amount of money to get your idea sold.

      ·The confidentiality document

      ·All about utility patents.

      ·How to file your own design patent.

      ·All about trademarks.

      ·All about copyrights.

      ·Joint owners agreements

      ·Vendor confidentiality agreements.

      ·What mistakes to avoid with patents.

    (Module 5) Manufacturing vs. Licensing

      ·How to access the next step of licensing your idea versus manufacturing it.

      ·How to cross over “the wall” of financial barrier to product launch.

      ·The key questions to ask to guide you in the right direction.

      ·The benefits and pitfalls of manufacturing.

      ·The benefits and pitfalls of licensing.

    Module 6 Licensing – How to license to companies.

      ·How to contact the key decision makes to license your idea.

      ·How to negotiate your profitable money making deals.

      ·Effective tools and techniques to get your invention licensed.

      ·Secret methods and tools to get your ideas sold quicker.

      ·What to say to manufacturers to get them interested in your idea.

      ·The best places to find companies that will license your idea.

      ·The resources to find all the key companies and decision makers.

      ·The simple tools you use to effectively present your idea and have manufacturers listening.

      ·Three things you should never do when it comes to talking with a manufacturer.

      ·When to make the phone call to the manufacturer to present your idea.

      ·Who you should be speaking with to get the best results for a licensing deal.

      ·What you should be saying to key decision makers.

      ·How to sound like a pro when talking to companies for them to invest in your ideas.

    Module 7 – Product development and manufacturing cost

      ·How to spend the least amount of money to get your idea sold.

      ·How to put together an effective business and marketing plan for your idea.

      ·How to find product development costs.

      ·Formulas for tooling and manufacturing costs.

      ·Methods and strategy for start up money.

      ·How to create a business plan.

      ·Weighing the risks and rewards of your product.

    Module 8 Resources – Find all the information you need.

      ·Work for hire agreements

      ·Non disclosure agreements

      ·Mailing lists

      ·Inventors workshops

      ·Prototyping supply sources

      ·Free business counseling

      ·Tradeshows.

      ·Marketing

      ·Books and software

      ·Find the best trade journals

      ·Venture capital

      ·Patent searches

      __________________________________________________________________________________

    Testimonials:

    Barbara Arner – The Motorized Tie Rack “Ken took my idea and turned it into a reality. I have made over $1 million dollars in royalties so far. Thank you Ken."

    Ted Strauss - Sharper Image Neck Cooler. One fortunate day, the President of Sharper Image came over to look at new ideas. He saw my neck cooler prototype and offered to license the product on the spot.”

    Gary Zimmerman - Barbi Claw With that plus a patent pending we licensed the product to Commercial Aluminum Cookware Corp. (the same company that makes Caphalon) Now we’re doing an updated version which should be out next spring."

    Jim Gordan - Paci Pal “The Paci Pal is a cute little baby chick toy that holds a child’s pacifier. My wife came up with the idea. When she passed away, I was determined to see it become a reality. Ken helped me fully developed the product, including the packaging which has wording that dedicates the toy to my wife. The product will be in stores soon. It’s a dream come true.”

    Michael Faber - Inventor of Sports Box Seat “I’m now in the process of negotiating a licensing deal to a major Ad Specialty company.”

    Dr. Alvin Marx - Inventor of the Marx Precision Eye Dropper “ Ken has done a terrific job in the evolution of my precision eye dropper product. It’s great to have all my product development needs be taken care of in one place.”

    Mark Fisher - Pres. Hartleigh Creations “The Can Grill one of the best selling new ad specialty products. My design looks great and was cost effective.”

    __________________________________________________________________________________________

    Find out how to quickly license your invention and avoid the mistakes that most inventors make. Don't end up spending a fortune on expensive invention promotion companies, patent attorneys, and product engineers.

    Learn how to take quickly take your invention idea and get it sold in retail stores around the country.

    You can stumble along the way figuring things out yourself, or shave years off of your learning curve. Avoid costly expensive mistakes. Learn the secrets to get your invention sold quicker and more profitably.

What are the requirements?

  • An open mind to creatively solve problems.

What am I going to get from this course?

  • Introduction
  • Finding Your Idea
  • Evaluation and Research
  • Prototypes
  • Patents
  • Manufacturing vs. Licensing
  • Licensing
  • Product Development Costs
  • Invention Resources
  • Passive Income
  • Royalties
  • Invent

What is the target audience?

  • Innovators
  • Creators
  • Creative Minds
  • Passive Income
  • Entrepreneurs
  • Problem Solvers
  • Inventors
  • Designers
  • Engineers

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction
Open Innovation
Preview
02:44
Inventing Backwards
Preview
04:17
Top Inventor Mistakes
03:45
Section 2: Find Your Idea
09:52

Find your idea

Creating New Ideas
08:45
Amazon Research
06:50
Google Trends
04:17
Find Your Idea
15 pages
13 Traits of a Successful Product
5 pages
11 Ways to Inspire
2 pages
10 Hot Trends
5 pages
Market Survey Form
3 pages
6 Ways to get the Wow Factor
3 pages
Product Success Test
7 pages
Section 3: Evaluation and Research
Know Your Market
Preview
03:18
Evaluation and Research
17:03
Amazon Reviews for Ideas
05:02
Google Keyword Planner
07:37
Tradeshows
07:07
Internet Research Guide
4 pages
Product Description Inventory
6 pages
Section 4: Prototypes
Sketch Ideation
11:48
Draw your ideas on the computer
02:29
3D printing your idea
01:36
Prototypes
17:22
Prototyping Techniques
18 pages
Section 5: Patents and Legal Forms
Patents
21:46
(NDA) Non Disclosure Agreement
04:34
Patents
3 pages
Consultant Work Agreement
6 pages
Preparing a Provisional Patent Application
14 pages
Proprietary Materials Loan Agreement
4 pages
Joint Owner's Agreement
6 pages
Assignment of Invention and Patent Application
4 pages
Statement of Disclosure Document
4 pages
Confidentiality Agreement
4 pages
Section 6: Manufacturing vs. Licensing
Manufacturing vs. Licensing
10:18
Section 7: Licensing
Licensing
19:11
Elevator Pitch
01:35
Getting Contacts
08:33
The Sell Sheet
08:24
Licensing Contract Tips
26:47
Sample License Agreement
17 pages
Sample Phone Script
8 pages
The Licensing Game
13 pages
Section 8: Product Development Costs
Product Development Costs
18:59
Determine Manufacturing Costs
8 pages
Section 9: Resources
Resources
18 pages

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Instructor Biography

Doug Lee, Industrial Designer, Entrepreneur

Doug started to create new product ideas by majoring in Industrial Design. After getting his degree from the University of Michigan, he worked at a product development company that gave him exposure to build many innovative products. His experience in product design ranges from prototyping, engineering, and manufacturing products that have been sold on television and in retail stores.

Doug has worked with the one of the largest invention marketing companies in the US. He reviewed hundreds of new ideas, tested and implemented what worked to get products licensed. Doug managed and marketed patented ideas in several different markets. He has successfully licensed a wide range of product ideas in different markets for royalties to companies such as Wilson Sports.

Instructor Biography

Ken Tarlow, Entrepreneur, Senior Product Engineer and Designer

Ken Tarlow has 35 years of experience in all phases of consumer product design. He has developed or 400 products worth over 1 Billion Dollars in retail sales.

As an inventor or co-inventor Ken Tarlow has 81 US patents to his name. Listed in “Who’s Who of American Inventors” He’s a frequent speaker at business events, and has appeared on TV, radio and in print media. In 2011 he won the Hilton Entrepreneurship Award.

Some of the products he's designed include:

  • The original food dehydrator, The smokless ashtray, Mr. Dentist, The vibrating car seat cushion and vinyl dip ice molds.
  • Designed and prototyped the original Turbo-Wash product for TurboTec (10 million sold)
  • Designed a unique airplane entertainement headset for Audio In Motion (60 million sold)
  • Designed the original motorized Fast Track Tie Rack. (3.5 million sold)
  • Helped design the Sharper Image Neck Cooler (500,000 sold)
  • Designed Intelitouch Fan for Casablanca (10 million sold)

Ken has been on the front line of invention and entrepreneurship. Enjoying passing on the knowledge he’s accumulated from his past 35 years of professional experience.

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