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rockhopper

Making money with your inventions

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Jerry asked me to join this web site, hoping I might be able to help some of you with true information about how to go about protecting your fishing inventions, licensing your inventions, or venturing your inventions. I have been at this quite some time, I know a lot about patent, and copy right law, what I don't know, I will ask the many friends that I have that are patent professionals, I will not B.S. you on something I don't know, but I am not a lawyer, and all advice I give pertaining to patent law is just from a well informed layman, who has been there and done that.

I am now considered an insider of the fishing industry, with most manufacturers knowing me by name, or product, I have spoken to most of them personally, many face to face. I know how this game is played from every angle, and I'm never going to tell you it is an easy way to make a buck, it's far from easy, but it can be done, I have done it, over, and over again.

I have one patent issued, another about to issue, and 6 more pending, I have never spent a dime of my own money on patenting, and all of these fishing inventions are licensed, and making me money now.

You don't need money, to make all this work for you,, you just need to know how to play the game. I'm here to help teach some of you that, but don't expect me to be writing a book on here,, there is just too much for me to try to post here,, I will try to answer direct questions.

I don't have all the answers for everyone, and everyone's product.

I hope to stop some myths about patents ,and other ways to protect your "IP"

No, is the answer before you ask, I will not give out private phone numbers, or email addresses to manufacturer's CEO's

No you can not use me as a reference, to get to talk to any of these guys, If I like your product and think it might have a good chance of them licensing it,, then that of course is a different matter. It takes a lot of my time to figure out if a new product is licensable, if you want me to do that, we will talk about it in privet.

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Welcome aboard Rodney :D

:idea: A patent question from me...probably not. I have a hard enough time coming up with something that catches fish, let alone fishermen :?

I'm just in it for the fun and the ocassional $$$ but there are several members here that will have some questions for you. If you have any questions for us, just ask :D

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Welcome aboard Rodney :D

:idea: A patent question from me...probably not. I have a hard enough time coming up with something that catches fish' date=' let alone fishermen :?

I'm just in it for the fun and the ocassional $$$ but there are several members here that will have some questions for you. If you have any questions for us, just ask :D[/quote']

Something that catches fish is a lot easier than something that catches fishermen, but sometimes those things that catch fishermen don't catch fish, well not many anyway. You need the best of both worlds to have a long term product on the market

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Welcome aboard Rock. The mention of $$$ in the title sure made me take attention. :D

Jokes apart, an expert opinion is highly welcomed. Someone with your experience & willingness to help others is a treasure. I'm sure I'd be bugging you in future.

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Welcome Rodney!

We can sure use someone like you around here. All of these creative minds and finally a balance on the business/patent end. :D

I'm more on the business, than patent, a patent is just a business tool, sometimes you need one,, sometimes you don't, sometimes you might.

The key to all this is not getting one too soon, it is one of the biggest mistakes many inventors make, it cost them thousands, when it was not time, and most, it would have never been time.

I never file until after the invention is making me money, it is the only way to really tell if you need one, most people's inventions they can't give away, much less have anyone wanting to steal it. I have a bunch I could not give away, why waste money on a patent on them.

Of course every inventor thinks he has invented the best thing since the plastic worm,, that's why "inventors" should never be the one who makes his own desision to file for a patent.

98% of all patents never make the inventor a dime, yet all thought they would make millions

I would say that 99% ofthe fishing inventions don't make the inventor any money, or they make no money from their inventions that is patented is a better way to put it

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I'm glad that your offering help in an area that doesn't receive much if any. I like many others have several ideas I believe to be marketable. I was looking at the provisional patents as a cheaper protection, but you re saying go ahead and move forward with production and sales to test the market? If so how did you find a manufacture for your specific needs? I truly believe connections is the most valuable asset one can have in this venture, Id appreciate your input.

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I'm glad that your offering help in an area that doesn't receive much if any. I like many others have several ideas I believe to be marketable. I was looking at the provisional patents as a cheaper protection, but you re saying go ahead and move forward with production and sales to test the market? If so how did you find a manufacture for your specific needs? I truly believe connections is the most valuable asset one can have in this venture, Id appreciate your input.

This depends on what your planning on doing,, if your just looking for a contract manufacture, so you can do all the sales and marketing, or if your planing on licensing the invention to manufacture, and they do everything. I need to know which plan your going to do to answer the question

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Rodney' date='

Im most likely looking on licensing the invention to manufacture, and let them do everything do to time considerations. I was very intrigued when you stated that you have obtained these goals with little or no money out of pocket.

thanks.[/quote']

There is no reason for any out of pocket ,, except a good patent search, you must know if you have something to actually license.

You must also be able to do proper drawings, but

With today's Internet, and email, as well as fax machines, you can do everything via these and the phone. What would you need money for ?

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Rodney' date='

Pending a good Internet search and providing detailed drawings, you would then obtain a license. After proper license you would begin approaching manufacturers?

You obtain a license through the us patent office or ?

Thanks[/quote']

AN Internet search is not near good enough,, you need a prior art search, this you can do yourself, it will take you about 500 hours to do one properly, if you don't know how.

A license has nothing to do with the USPO, it is a contract with a manufacturer, to pay you, to make and sell your product. Most people think you need to file for a patent prior to trying to license,, this is a costly mistake for 98% of those who file first, they find out no one wants their invention, much less want to steal it. Yet all of these inventors thought they had a million dollar invention.

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Rodney,

Ill take the less that 500 hour process if theirs and option, but I don't know how to do a proper search. How does the manufacturer trust your search? After licensing your product then you present it to potential buyers or the manufacture presents it? I do appreciate your time and input, sorry I'm green on the issue.

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[q

uote="Super200]Rodney,

Ill take the less that 500 hour process if theirs and option, but I don't know how to do a proper search.

I do patent and prior art searches for those who want me to in this industry,, I only charge a token amount, considering what a patent attorney will charge for someone like me to do the search for them, and then they bill you. I've done over 200 searches over the last 30 years

How does the manufacturer trust your search? After licensing your product then you present it to potential buyers or the manufacture presents it? I do appreciate your time and input, sorry I'm green on the issue.

I've never had them question one of mine,, most in this industry already know what's been on the market, in their field.

After licensing, the manufacturer takes care of all marketing and contacting buyers

You can email me your phone number, and I can give you a call, it would be much quicker and more detailed than using this board, and it won't even cost you a phone call

email it to rdlong@charter.net

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