My Queue

Your Queue is empty

Click on the next to articles to add them to your Queue

Franchises

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