C H A P T E R S

Peek inside each of the chapters below

Chapter 14: Having a Plan to Profit from Your Patent

“If you build a better mousetrap, the world will beat a path to your door.” -Attributed to Ralph Waldo Emerson

The biggest issue that inventors face is not getting a patent; it’s finding a way to monetize their patent—that is, how to make money with it, how to profit from it, how to recoup their investment.

I believe the biggest reason for this is that they think the above quote is true! They believe that once they have the idea, and protect it, that the money will naturally follow.

As a result, they fail to have a plan to monetize their invention…

Here’s What You’ll Learn In This Chapter:

  • Exploring Different Business Models for Your Idea
  • Comparing the Two Most Common Business Models Used by Successful Inventors  
  • Other Monetization Approaches
  • Building a Patent Portfolio
  • More about Licensing
  • Business Model Design

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© Richard Goldstein 2016

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