Join The Tribe
Invent Tribe, https://www.inventtribe.com/ is a very interesting website/organization. They have a highly organized system that has produced some pretty spectacular results but more about that later. Now, I’d like to introduce you to their founder.
David Fedewa, negotiations coach and licensing specialist, has coached over 180 students to successfully license their own products. He has been featured in Inc. and Entrepreneur’s online publications on licensing and negotiation strategy. He has licensed five of his own products, with one being featured on Time magazine, CHIVE, and CNET Father’s Day Product of The Year list. His strengths lie where business and psychology meet. While coaching students through multi-million dollar negotiations, he not only looks at the present deal at hand but teaches strategies that can be used in constructing deals with a win-win scenario throughout life.
His system is based on 5 elements, the first, being Research. I totally concur, this is the most crucial step that most inventors get wrong. He has some hard knock stories that will drive this home for you.
Next, is Marketing. Nobody can see your vision unless you can convince them. He does this by showing you how to do a 30 to 60 second video pitch. This lead to Protecting your invention through various types of intellectual property. Then, of course, comes Sales. If you have ever watched Shark Tank, they always ask, what’s your sales, what’s your margins? The answers make or break the offer.
Lastly, Closing The Deal, here David is a true expert. He knows how to assess the company and develop a winning approach. He and I spoke at length about all the steps. I must admit, I was impressed and I believe you will be too.
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