Industry Secrets Hidden From Inventors

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The success rate of an independent inventor in the USA is approximately 1% or less.

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According to the United States Patent Trademark Office only 2% of patents make any money.

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According to the United States Government, hundreds of companies offer invention promotion or licensing services, and virtually all of them are ineffective or outright FRAUDULENT.

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According to the United States Patent Trademark Office there are fewer than a half dozen legitimate invention promotion or licensing companies in the country.

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Many representatives that work for invention submission companies and licensing companies are paid employees who earn commissions when you sign up. The more you pay, the more they get.

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Paying an inventor coach DOES NOT increase your chances of success. What increases your chances of success is a product needed in the market place that solves a real problem for at least a few hundred thousand people.

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Invention licensing companies typically lie about their success rates. Instead they may tell you to look at their fancy website testimonials. Don't trust testimonials. Many companies use fake and inaccurate testimonials.

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BeWare of any inventor consultants who charge a monthly retainer fee. Don't fall for their fancy websites and deceptive testimonials.

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You should first validate your idea before paying any inventor coach.

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An announcement of a licensing deal made is another deceptive scheme to get an inventors attention. Most licensing deals never make any profit for the independent inventor.

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BeWare of companies that send you a free invention kit. These companies typically have have a very low success rate.

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No one is policing the invention industry which allows hundreds of companies to behave very badly.

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Coaches that work for a company typically are coached on how to coach. Some of them follow a script given to them from more senior executives.

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Inventor coaches that work for companies are paid employees that get bonuses for signups. Typically these coaches have little to no success of their own.

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BeWare of any licensing company asking you to pay thousands of dollars in the beginning. This is typically the first stage of fraud and and deception.

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