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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?
- Guest Writer
Opinions expressed by Entrepreneur contributors are their own.
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

The Top 100 Franchises for Less Than $100,000