Comments on: A Surefire Way to Get a Licensing Agreement http://www.mominventors.com/2010/02/03/a-surefire-way-to-get-a-licensing-agreement/ Mom Invented helps moms start businesses and develop products and inventions with inventing advice, business advice and inspirational inventing help Sun, 25 Jul 2010 10:01:55 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Schumannhttp://www.mominventors.com/2010/02/03/a-surefire-way-to-get-a-licensing-agreement/comment-page-1/#comment-1246 Schumann Wed, 24 Mar 2010 19:54:18 +0000 http://www.mominventors.com/?p=3692#comment-1246 This is a great article, however it leaves me wondering. For someone who's never been in the manufacturing business, getting to the point where one has a finished prototype/product, which includes packaging AND has further gone through the process of identifying and working with manufacturers (possibly offshore, due to the non-competitive prices in the US) AND is generating demand for the product...phew, if a Mom can get to that point, why would she ever then just license the product?!? Yes, there's a lot to run and keep a business profitable, but if someone has enough patience, stamina and drive to overcome the first obstacles and actually get started making sales, I would imagine that that someone also has what it takes to continue on while enjoying financial rewards! At least that would be true for me. The list above just seems too much work is expected from your inventor before a company is interested in licensing your idea.Since I am not yet on that advanced stage, I can only speculate for now. :-) Nonetheless, as always, I greatly enjoy reading Tamara's useful hints. Thank you! This is a great article, however it leaves me wondering. For someone who's never been in the manufacturing business, getting to the point where one has a finished prototype/product, which includes packaging AND has further gone through the process of identifying and working with manufacturers (possibly offshore, due to the non-competitive prices in the US) AND is generating demand for the product...phew, if a Mom can get to that point, why would she ever then just license the product?!? Yes, there's a lot to run and keep a business profitable, but if someone has enough patience, stamina and drive to overcome the first obstacles and actually get started making sales, I would imagine that that someone also has what it takes to continue on while enjoying financial rewards! At least that would be true for me.
The list above just seems too much work is expected from your inventor before a company is interested in licensing your idea.

Since I am not yet on that advanced stage, I can only speculate for now. :-)
Nonetheless, as always, I greatly enjoy reading Tamara's useful hints. Thank you!

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