On average how much money do I have to pay for this service

asked by Deidrea G. on 8/18/19

1 Answer
Thumbnail of user ericc72

Deidra,
We are not a service provider that you can just hire. We receive applications, and if it is a good fit, we look at everything from where the project is to what the goals are. If it is a fit, we'll offer to heavily discount our services, but in exchange we'll want upside interest in the business. The costs are all based off an evaluation of what needs to be done.

Here are some of the things we evaluate:
1. Is it a unique product that solves a real problem or makes people very happy?
2. Is it in a large, growing market, where we have experience?
3. Does the entrepreneur understand the hard work involved in launching a business?
4. Is the entrepreneur financially capable and responsible?
5. Does the entrepreneur seem like they would be pleasant to work with?
6. Do they have a patent? Is it pending or is it issued? What type of patent is it? Who was it done by?
7. Do they have CAD's/Engineered drawings?
8. Do they have inventory/samples available?
9. Do they have professional branding? Have they filed for a trademark?
10. Do they have retail ready packaging? Do they have a GS-1 UPC code?
11. Do they have any existing sales? If so, where?
12. Do they have the capacity to run a business?

There are more, but that gives you an idea. We don't offer traditional services, and we steer clear of any type of "license your invention" or "invention promotion". We help build businesses. I hope that was helpful.

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