Inventors, Here’s How to License Your Idea and Make Money

Like anything else, to improve your odds of success at licensing a product idea, you need to be able to play the game longer and smarter.



a pink teddy bear sitting on top of a table


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The longer you’re in the game, the better chances you have of reaching your goal.

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Take it from me. I’m not a gambler. In fact, I consider myself a no-risk entrepreneur. Early on in my career, I realized that I needed to find a way of increasing my chances of success at bringing my ideas for products to market.

Related: 3 Takeaways From Lori Greiner’s Invent It, Sell It, Bank It.

I flat out did not want to work for anyone else. I was newly married, and my wife was obviously not going put up with me struggling to make a living.

Truth be told, I’ve only ever really worked for one company.

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