Do Your Research
Warning Signs & Red Flags
IF IT SOUNDS TOO GOOD TO BE TRUE, DO YOUR RESEARCH. ASK US BEFORE MAKING A DECISION TO PAY ANY COACHES OR SERVICE PROVIDERS LARGE UPFRONT PAYMENTS.
Terms like "Free invention KIT," "Inventors KIT" or "patent kit."
They say things like passive income is easy or get the money rolling into your pockets.
They call themselves licensing experts, but will NOT provide you with proven evidence of licensing success in writing
They need to perform a "market evaluation" costing you $299-$1500
Access to our database or private list of companies right for you
We have more experience licensing products than anyone else around
Selling scripts to pitch companies
Refusal to respond to your questions in writing
They tell you licensing is simple or easy
You are told you don't need your own attorney. They say you can use ours to save money. They tell you we will provide you with an attorney
They only make verbal promises and assurances
You are told to describe your idea in writing
You are told to mail it to yourself
You are promised a patent search without a patentability opinion
Unfriendly customer service after you paid them
A Royalty Cap
You are promised a patent
The cost for the patent search is only $200
While doing your due diligence before hiring any firm, you ask the #1 question in writing and ask them to reply in writing, how many of their clients in the past 12 months made back more money in royalties than they paid for services to their firm? If they don't respond in writing, run. If they respond in writing, we will fact check it for you.
You can’t reach the company’s Reps or managers without leaving lots of messages
They say, "your idea is guaranteed to be successful"
They say, "you are guaranteed to get a licensing deal"
"All in one" legal and marketing services
Want to show your idea to industry (singular) so one company can take it into more than just one industry.
Refusal to provide client references
Assurance you will make money with your idea or product
After asking for them to disclose information pertaining to the America Inventors Protection Act of 1999, they don’t respond
Invention packages to help develop your idea and get a licensing deal start at $2,000 and gradually increase in smaller payments that can go up to $50,000+
You can start with our cheaper bootcamp course, but if you choose our more expensive course, your chances for a licensing deal get better.
A manufacturer will license your idea
A manufacturer will offer you a lump sum amount of cash for your idea
No interest payment plans, but you have to sign up very soon
Company previously operated under another name
Company managers, REPS or Executives have been named in an invention promotion/promoter firm lawsuit
History of more than 1 lawsuit and/or class-action by their clients and/or inventors
They assure your product has huge potential but they will NEVER put that in writing
One of their signing documents is a ARBITRATION CLAUSE
Aggressive sales pitches
A promoter's initial evaluation is completely positive, not pointing out any product weaknesses
High upfront fees starting at $2,000 and higher
Chooses a patent attorney or patent agent for you
Refusal to tell you how many clients have made back more money than they paid the company for services
Have a Federal Trade Commission action against them
Unwilling to provide names and addresses of satisfied inventors
We are "Inventor Friendly"
One-Stop shopping, all the services under one roof
You are asked to sign an arbitration document
After submitting to a invention submission company, they respond with - Congratulations, your idea has been accepted, your idea has tremendous potential, we are excited about your product, there is nothing like it and you can make a lot of money
Turn your idea into a 6-figure royalty earning machine
Non-refundable upfront fees
A Better Business Bureau rating of A or A+
They refuse to tell you in writing how many of their clients made back more money in royalties than they paid them for services.
Coaching or mentoring company charging upfront fees of $800 or more to teach or coach
No official affiliations with any reputable organization(s)
Federal Trade Commisson
FTC SETTLEMENT WITH PENNSYLVANIA INVENTION PROMOTION FIRM REQUIRES $80,000 PAYMENT, DISCLOSURES & COOLING OFF PERIOD
National Congress Of Inventors Organizations
FTC NEWS: New Jersey Invention Promotion Firm Settles FTC Charges. Defendants To Pay Three-Quarters Of A Million Dollars In Redress
National Congress Of Inventors Organizations
Required Information from Invention Promoters
The total number of inventions evaluated
by the invention promoter for commercial potential in the past five years, the number of those inventions that received positive evaluations, and the number of those inventions that received negative evaluations.