Licensing your invention is a good thing for two reasons - you are able to share it to the world and you will be making a lot of money. You must have spent a tremendous amount of time with that thing, beginning from the time you first had that spark of inspiration to create it. While other people would be happy with inventing something without making full use of it, having your invention licensed will be a good way to celebrate all that ingenuity and strength of character, considering you may have encountered one pitfall after another before you actually achieved perfection.
If you're about to put up your invention for licensing, it will not be all that easy, though. Again, you need to put in some hard work. There are many companies that may be interested in mass-producing your creation, but you have to do a good job convincing them that it's going to be worth it. Many things are invented each day, but not all of them get licensed, just because their inventors were not able to convince people of their true value. If you really believe in what you've made, then tell the world with the passion that drove you to create it. Of course, you'd like to begin with the very companies that might be interested to license your invention.
The first thing you need to emphasize to these companies is the promise of profit behind your invention. Remember that these people are here to make money, and if you can't convince them that your invention is going to help them do that, obviously, they won't even give it a second look. It is routine for these companies to keep looking out for bankable ideas, concepts and things to manufacture and offer to the consuming public. Your job will be to convince them that your invention fits their mold.
A second consideration you'd like to make is of the fact that companies are looking out for unique products to manufacture. By new, we mean the market must not yet be saturated with this type of item at the time that you are offering it for licensing. One of the most important criteria for these companies to license an invention is for it to be unique but widely useful. In fact, this is one of the most important requirements for a company to license an invention, so make sure you do a good job convincing them around this part.
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