This ad will close in
Question added to topic FranchisesNovember 8, 2007

How much does an inventor stand to make in the grand scheme of things?

The prototype is a piece of art which I can always make custom. The company I'm dealing with can get this thing made in China and make them more affordable to the public as a mass produced piece. What percentage of profit should I get as the the prototype creator?
Generally, the inventor takes very little of the ongoing profits because the inventor usually takes very little of the risk. I would recommend you ask for a set dollar amount per piece produced rather than a percentage of profits. You can ask for an amount up front and royalty as you go.

The only real way for an inventor to make a large amount from their invention is to keep control and build a company around the invention.

All the best,
Brad Sugars

Brad Sugars is the founder and chairman of ActionCOACH. As an entrepreneur, author and business coach, he has owned and operated more than two dozen companies including his main company, ActionCOACH, which has more than 1,000 offices in 34 countries.

0 Comments. Post Yours.

About ASK ENTREPRENEUR

Ask Entrepreneur is a question-and-answer forum for and by the Entrepreneur.com community. Send in your burning business question, or comment on someone else's now. Have a Question? Ask Now

Topics (over 1000+ answers)

Don’t see a topic? Suggest One

Ask Entrepreneur Q&A Hangouts

Google + Hangout With Shark Tank
Google + Hangout With Jason Falls
Google + Hangout With Angela Jia Kim
Google + Hangout With Grant Cardone