Become a Professional Inventor: The Insider's Guide to Companies Looking for Ideas

You have decided the job of your dreams is to be able to share your creativity with the world while creating a nice income. You long to see your product idea come to fruition so you never have to work for anyone else again. Stephen Key has been living this dream for over 30 years and has provided the roadmap for others in his best-selling book about licensing inventions, One Simple Idea. One Simple Idea has helped thousands license their product ideas. Stephen has reinvented the inventing process.

Forget the patents, forget the prototypes, forget starting a business. Sell the benefit first instead! Today it’s all about selling first and selling fast. His roadmap for licensing success is now being taught in major universities.

Become a Professional Inventor is the follow-up to One Simple Idea because people are now asking...

I love being creative and I want to do this for the rest of my life, how can I become a full-time professional inventor?

How can I go from amateur to professional full-time inventor?

What industries create the largest revenue?

What is the best way to work with these companies so I build a successful long-term relationship?

How can I license even more products ideas?

Why aren’t companies getting back to me?

How do I get the highest royalty rate?

Why are my product ideas getting rejected?

What type of protection do I actually need?

What is the best way to submit my product ideas?

How can I tell if a company is truly inventor friendly?

How do I use non-disclosure agreements?

How do I license ideas without any intellectual property?

How do I negotiate a licensing agreement to make sure I get paid regardless of intellectual property?

For the first time ever, Stephen has uncovered the consumer product licensing industry from the inside. He has interviewed 28 leading experts across 17 different industries, as well as professional inventors, to share their knowledge with you — so you too can now become a full-time professional inventor.

Here are a few industries included in this book:

• Kitchen
• Hardware
• Automotive
• As Seen On TV
• Pet
• Dental
• Hospitality
• Toy and Game
• Cannabis
• Novelty Gift
• Health and Beauty
• and more!

Stephen peels back the curtain to give you an insider’s guide to how companies evaluate your product submissions so you can become a professional inventor.

Also included:

• Sample Sell Sheets
• Sample Non-Disclosure Agreements
• Sample Term Sheets
• Sample Licensing Agreement
• Sample Calling Scripts
• Sample LinkedIn Contact Scripts

Stephen Key is the world's leading expert in licensing consumer product ideas and a 2018-2019 American Association for the Advancement of Science-Lemelson Invention Ambassador.
 
He achieved repeat success as an independent inventor, including defending his intellectual property against one of the largest toy companies in federal court. The innovative packaging solution he brought to market is protected by more than 20 patents and received 15 industry awards, including two Edisons. 

Products he invented have sold in Walmart, 7-Eleven, and Disney stores and theme parks worldwide, as well as been endorsed by Michael Jordan, Alex Trebek, and Taylor Swift.
 
inventRight, the coaching program he cofounded in 1999, has helped people from more than 60 countries license their product ideas. He explains how to take advantage of the power of open innovation on his popular YouTube channel inventRightTV and in his articles for Forbes, Inc., and Entrepreneur online.
 
In 2017, he cofounded Inventors Groups of America with the goal of educating and empowering inventors and inventing group leaders. He is also the cofounder of inventYES, a free program for high school students worldwide.
 
In 2019, he taught University of Newcastle in Australia students his 10-step strategy for licensing ideas, originally published in his bestselling book One Simple Idea: How to Turn Your Dreams Into a Licensing Goldmine.
 
He is also the author of One Simple Idea for Startups and Entrepreneurs, Sell Your Ideas With or Without a Patent, and Become a Professional Inventor: The Insider's Guide to Companies Looking for Ideas.