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Posts Tagged ‘royalties’

Take an all-Inclusive trip to China to tour factories and learn manufacturing overseas. 

With our DRTV Summit quickly approaching, most of the talk around the water cooler here at InventionHome has been about the latest infomercial products… (honestly, can you believe that Happy Hot Dog Man??).  While we’ve been busy searching for inventions with the “Wow! Factor”, the United Inventors Association (UIA) has teamed up with China-2-West to wow us with an inventor’s dream trip. 

Any inventor interested in manufacturing his or her product should seriously consider signing up. The first 20 inventors will have the opportunity to learn about off shore manufacturing first hand through factory visits, educational seminars, and entry to the world’s largest product tradeshow in Canton.

When:  October 20 – 30, 2011

Includes:

o       Round trip airfare between New York or San Francisco and Hong Kong

o       Transportation in China

o       All hotel accommodations in 4 & 5 star hotels

o       3 meals per day

o       All access pass to Canton Products Show

o       Factory Tours

o       Inventor Education Seminars

o       Local Sight Seeing and Cultural Visits

The educational value alone would be worth the expense, but add the cultural experience of China to an already unbelievable deal and Wow! you have the trip of a lifetime! 

For More Information or to save your spot – Contact Eric Bouldin by email on eric.bouldin@china2west.com or by phone on 650-921-3088.

 

 

 

For help with your invention or patent call 1-866-844-6512

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In light of our upcoming DRTV Product Summit (September 28, 2011), we thought a few words here on what makes a great product “pitch” would be beneficial to our readers.

In preparation for the Summit, we put together some guidelines specific to the Direct Response (infomercial) industry, but in reality many of these tips can apply across all categories.  Bottom line is…if you are meeting with a company in order to pitch your invention, whether it be a household gadget or a medical whatzit, proper preparation will increase your chances of success. 

First tip:  EDUCATE YOURSELF.  This means know the category/market into which your invention falls.  Clearly understand the “problem solved” and consider objectively just how big that problem is.  Research other products that solve the same problem and know their shortcomings. 

Second tip:  KNOW YOUR PRODUCT.  Know the patent status of your invention (and for that matter, of any competitive products/prior art, too).  Clearly define the benefits and features of your product and compare/contrast with your competition.  If you have sales history, be prepared to share.  If you have (or can obtain) manufacturing costs, be prepared to share.

Third tip:  PITCH LIKE A PRO.  Be enthusiastic, but remain factual…to say that “my invention is the only one of its kind”, or “this is a million dollar idea” don’t really help your credibility.  Tell your story…define the problem…but keep it brief (not boring!).  If your invention is conducive to an on-site demo, practice it at home and have all the props organized for a smooth presentation.  If you can’t demo on-site (maybe your invention requires a hot oven as a prop), can you provide a video? 

Should you find yourself face-to-face with a company evaluating your invention, we hope these tips come in handy and wish you much success.

2011 DRTV Product Summit – Private pitch sessions with 6 leading infomercial companies in one location  CLICK TO SUBMIT

Click here to download the DRTV Product Summit Tip-Sheet.

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2010 proved to be a year of great growth and progress at InventionHome even though the economy was sluggish and challenging.  In addition to developing many new partnerships and relationships, we had a record year in completing licensing / marketing agreements for our clients, reaching 40 deals for 2010 (120 overall). 

We are pleased to share some 2010 highlights.   

 

 40 New Deals Completed…  After wrapping up 2009 with 20+ deals for the year (80 overall), we were determined to double the number of deals in 2010 for our clients.  After completing our 100th marketing agreement overall in late April on an invention called “Leaf Wizard,” an innovative lawn & garden product, we went on to finalize 20 more reaching our goal of 40 for the year (120 overall). 

 

InventionHome launches tradeshow invention portal!

Through partnerships with the National Hardware Show, International Housewares Association and Response Expo, we created and launched our innovative, new search portal strategy to enable national tradeshows to be able to offer their members and site visitors easy access to InventionHome clients’ inventions directly from their websites.  Today, each of these tradeshows has our portal on their websites, with more shows to come.    Example: http://inventionhome.com/invportfolio/portal.aspx?source=nationalhardwareshow

 

TV Debut of five InventionHome products!  We saw the national test of two Infomercial campaigns for our “Sofa Caddy” (rebranded “Couch Commander”) and “Access Door Lever” (rebranded “Turneez”), as well as three of our products which were featured on QVC:  Micro Mixer, VibeAway and Leaf Wizard.

 

InventionHome sponsors National Hardware Show!  We were honored to sponsor the 2010 National Hardware Show in May, along with the United Inventors Association and Garden Weasel®.  It is one of the largest annual trade shows in the world, gathering over 2,800 consumer products companies at the Las Vegas Convention Center.  While there, we connected with many manufacturers in the hardware industry, exhibited side-by-side with inventors in the Inventor Spotlight are of the show, and assisted then-UIA Executive Director Patrick Raymond with judging and managing the Inventor Spotlight merit awards.

 

InventionHome sponsors Response Expo!  InventionHome personnel returned from Las Vegas’ Hardware Show for just enough time to pack some clean socks before leaving for San Diego and the Response Expo.   The Response Expo, considered the industry’s foremost direct response marketing trade show and conference, is produced by Response Magazine and the Direct Response Marketing Association.  InventionHome was pleased to sponsor the Inventor Pavilion area of the show, interact with many inventors in attendance, and also build upon our relationships with some key players in the infomercial industry.

InventionHome partners with TAGIE (Toy and Game Expo)!  InventionHome was pleased to sponsor the Toy and Game Inventor Expo (TAGIE) in November, the only industry event designed exclusively to help the new toy and game inventor and entrepreneur by providing networking and educational opportunities. 

 

 

InventionHome launches the North American Product Innovation Network!

We were excited to launch a first of its kind gateway for providing inventors easy access to North American companies seeking innovative products and inventions available for wholesale, license or acquisition.  North American Product Innovation Network(SM) also provides companies across North America with a centralized source for finding innovative products within the United States and beyond

http://www.prnewswire.com/news-releases/inventionhome-launches-north-american-product-innovation-network-sm-99484469.html

 

 

InventionHome president, Russ Williams, began his term on the United Inventors Association Board of Directors!  Russ is committed to helping inventors through education and programs, and as a UIA board member, he has a great vehicle to continue on his mission.

Call us at 1-866-844-6512 to learn more. You’ll be glad you took the first step.

For more information about Invention Home you can visit the following websites – http://twitter.com/inventionhome, http://inventionhome.blogspot.com/, http://mvelette.wordpress.com/, http://www.facebook.com/invention.home

http://www.prnewswire.com/news-releases/inventionhome-launches-north-american-product-innovation-network-sm-99484469.html

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InventionHome is pleased to announce the successful completion of their 112th marketing/license agreement, 32 of which occurred in calendar year 2010 (as of September 30th).  An impressive tally of brokered deals.

 

InventionHome’s most recent licensing success is a product called CapTails™.  The patented device connects glasses (sunglasses, safety glasses, etc.) to a hat by means of stretchable and adjustable clips and a cord.  CapTailsTM allow the user to wear their eyewear on top of their cap and not have to worry about them falling off and getting lost or broken. Also when your glasses are on, your cap can not blow away.

The licensee of the clever device took interest in the product because of its simplicity and unique position in the market.  It will complement the rest of their product line nicely, and has already drawn the interest of a national retailer.  CapTailsTM should reach the retail market in early 2011.

Call 1-866-844-6512 for information on licensing your invention for royalties!

 

For more information about Invention Home you can visit the following websites – http://twitter.com/inventionhome, http://inventionhome.blogspot.com/, http://mvelette.wordpress.com/, http://www.facebook.com/invention.home

http://www.prnewswire.com/news-releases/inventionhome-launches-north-american-product-innovation-network-sm-99484469.html

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Inventor Mike Esposito invented the Vertical Grill to solve the problem of grease drippings creating smoke flare-ups that leave carcinogens on the food.

The Vertical Grill was designed so that grease drippings fall into a basin at the bottom of the grill. Food is placed in a custom grilling basket and hung between two charcoal heating columns. This also enables the food to be cooked on both sides simultaneously in half the time as conventional grilling. The Grill also has a standard grilling surface at the top which is ideal for toasting buns or roasting corn on the cob.

To learn how to license Mike’s Vertical Grill, please contact the marketing department (member@inventionhome.com) at InventionHome.

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SnuggieTM creator breaks ground on new product infomercial Allstar Marketing Group is well-known for creating successful TV products such as the SnuggieTM, the Topsy Turvy®, and the Perfect BrownieTM. We’re hopeful that their next big success will have roots with InventionHome.

The infomercial giant recently licensed an InventionHome product, and they are slated to begin production on the infomercial in early May. Although we can’t disclose product details at this time (we’re sworn to secrecy), we CAN provide a list of criteria that are used to evaluate a products’ potential infomercial success.

Take a look.

  • Does the product have mass appeal? (Would many people buy it?)
  • Does the product demonstrate well? (Would it make an interesting demo?)
  • Is there sufficient markup potential? (Most ‘As Seen on TV’ products have a four to five-time markup) Does the product solve a real problem? (Ideally will provide an immediate benefit…not just a preventative/potential problem)
  • Would the product likely sell for $19.99? (Higher retails might be considered for a longer-format TV spot, but $19.99 is an ideal price point)

If you believe that your invention would make a good infomercial product, InventionHome can help approach Allstar and other companies seeking new, TV-worthy items. 

Click to Request FREE Info Kit –   or call 866-844-6512

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Monroeville, PA– InventionHome is pleased to feature a patent-protected tool for splitting pills of any shape called the Rotatable Pill Splitter.  Independent inventor Walt Cheney is working with InventionHome to market and license his product to companies in exchange for royalties.

Walt created, prototyped and was awarded a utility patent from the United States Patent and Trademark Office for his tool that gives individuals the option to halve and quarter pills with great accuracy.

The product consists of a lid and base with interchangeable pill beds in a variety of colors to accommodate a number of standard and unique pill sizes.  When the user wants to split a pill he selects the correct bed to match the pill size and inserts both into the device.  The pill bed holds the pill into the proper position and aligns it with the blade below.  The user rotates the outside lever of the pill bed and presto….the pill is split!

This is a great product for any individual who has a difficult time cutting a pill of any shape.  How many times has a doctor increased or decreased the dosage of a frequently prescribed drug and decided to write a new script for the medication?  In many circumstances the individual could have a supply at home and would love to split or quarter his previously purchased meds to get the right dosage.  The Rotatable Pill Splitter allows the user to be economical and accurate with his medication.

InventionHome continues to market Cheney’s product to interested companies.  For more information on the Rotatable Pill Splitter or invention-related services please contact InventionHome at (866) 844-6512.

 

 

 
 
 

 

 

 

 

 

 

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