For the past few years, we’ve been approached by many entrepreneurs and inventors in regards to marketing their products or brands – but until now, we’ve only offered these services to Source Direct inventors exclusively. NOW, we are offering our amazing Phase 2 Marketing Services to the general public! Our talented team of marketers and designers are ready to help YOU in any capacity!
Website Development
We get phone calls from inventors every day – and about 60% of them say “well, I just want to license my idea. Will you buy it from me?” A majority of the time, we say no. There are a few reasons:
This short and sweet blog is intended to usher in some realism with new inventors. You probably won’t sell your idea unless it’s been introduced to the marketplace in some way. We suggest that you invest, yourself, into producing a small order of your product and then show investors the potential.
When you watch Shark Tank, you’ll hear the Sharks ask “how many of these have you sold so far?” Even they agree with us – buyers want to see previous milestones met before they license anything. We can help put you in the position to attract potential buyers down the road.
Episode 6: All About Patents!
In this episode, we speak with Bruce Lev of RG Patent Consulting. As an inventor, patenting is the most important beginning step in the inventing process. Bruce fills us in on some tips and tricks to keep in mind as you start with your invention. Do you know the difference between a provisional and utility patent? Not knowing the difference could cost you thousands! Check out RG Patent Consulting through their website, or contact us for more information!
Okay, so picture this: you just came up with the greatest idea ever. It solves a problem, is economical, and you’ve done testing to see if consumers will purchase this product on the market. That’s fantastic! Now, the next question that usually comes up is: will this cost me any money to make?
The answer is simple: yes, it will. Most inventors will go right into the development process with the mindset of “someone will just buy my idea and I’ll just get a percentage of the profits”. That is very rare and incredibly unlikely. There are many things to keep in mind:
Licensing is something we hear about every day. “Just take my idea and send me money later.” Unfortunately, that’s not how this works! If that was the case, every inventor who ever lived would want to go this direction – it appears to be the easiest way. It may be easy, but it’s not probable.
To get high quality CADS, prototypes, samples, sourcing, manufacturing, and more – you’ll need to pay for it. It’s not uncommon. Just be careful when you do pay! Make sure the company you’re working with is not going to scam you.
Podcasting has been around for a long time, and has become a phenomenon for experts in every industry imaginable. Well, we decided to jump on the podcast bandwagon and start our own! We tackle different inventing topics and bring in our staff to share their expertise. You won’t want to miss any episodes!
The Source Direct Podcast is a bi-weekly show about inventing – featuring advice from our industry experts here at Source Direct. You can subscribe to us on iTunes (click here to subscribe) or visit our website here.
We love when our inventors get a chance to expand their brand. One of our long-time inventors, Karen Cooney (Inventor of BRAINY PAC) recently had a chance to sit down and discuss business with renowned entrepreneur Daymond John, founder of FUBU and one of the sharks on “Shark Tank”.
Congratulations, Karen! We’re happy to see your brand continue to grow! 🙂
Are you an inventor with a million-dollar idea? Ready to finally live your dreams of invention success? We can help. Click here to schedule a complimentary consultation with us – you can be like Karen too!
Are you an inventor? Need help?
We'd be happy to assist you in your inventing needs! You can call 888-373-3876, x.213 or click here!