[HN Gopher] Ask HN: How can I sell my patent
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Ask HN: How can I sell my patent
Hi HN I'm working on a prototype and planning to register it as a
patent to benefit from it It is a product of home appliance makes
new idea of how it works It does the work of more than single
product together, and it may be used as public machine to pay for
use I don't have suitable conditions to make corporation startup
so I want to sell it for a fair price It is not a _smart_ product
yet ~ it depends on buttons rather than screen and has no remote
control as of now What do you think is better for marketing?
Buttons or Screen? Share your thoughts
Author : MrSpringDiver
Score : 6 points
Date : 2021-11-21 20:17 UTC (2 hours ago)
| obulpathi wrote:
| Have you considered making your patent into an NFT? Let me know
| if you are interested.
| NicoJuicy wrote:
| He can sell it on an NFT, but legally it will still be his
| patent...
|
| I can already guess that you don't know anything about patents
| and how they work in particular.
| aurizon wrote:
| Make sure any patent assignment has a pull-back mechanism in case
| the initial buyer goes broke and some other entity buys the
| patent from the bankruptcy trustee with zero to you, and often
| the royalties are stripped - not sure how they did it, but patent
| lawyers have ways to structure a deal so if you have a valid idea
| and it looks like a good potential earner, he should be able to
| compose a good enduring deal.
| MrSpringDiver wrote:
| I have good connections with many lawyers I don't think I'll
| have a problem with that What I don't have an idea about is
| where to sell it? Where to offer it? Who wants it? etc
| ALittleLight wrote:
| Wouldn't people need to know what the idea is to give you
| advice about where you could sell it? Perhaps your lawyers
| know a good lead.
| qweqwweqwe-90i wrote:
| Also, "it" needs to exist before you can sell it...
| captainredbeard wrote:
| While it is not impossible, I would not view this strategy as a
| reasonable one w.r.t. generating meaningful income.
|
| Focus on building a real thing, that solves a real problem, and
| get real people to pay you real money.
| MrSpringDiver wrote:
| It does It solves real problem and it will be a solution for
| many people who can pay It's about producing and marketing the
| product I want to sell it for a company which take that
| responsibility and I get good profit
| engmgrmgr wrote:
| Are you in the US? The patent process usually takes a long time
| (potentially many years) and potentially a lot of money.
|
| Your details about not being able to form a company are
| suspicious -- why not? It's really cheap and fast.
| wizzerking wrote:
| As an Engineer with 6 patents I am a co-author on If you want to
| earn money from the patent I suggest licensing your patent. If a
| startup approaches you, make the terms easy in the beginning
| working toward a % of the gross as the company matures. Most
| companies do not have deep pockets to outright buy your patent
| for money that will change your life.
| MrSpringDiver wrote:
| Sorry I just forgot to mention that I can't make a startup
| nearly Thanks for that anyway
| ALittleLight wrote:
| I believe the patent is not suggesting that you make a
| startup but rather that you offer to license your patent to a
| patent and be flexible with the terms allowing yourself to
| get more compensation as the startup gets more money.
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