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Selling patents

peterdr's Avatar

What does it cost to sell a patent, and what is length of time of commitment to sell a patent.   Peter

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magurn's Avatar

Hi Peter!

Edison Nation does not buy patents, so I defer to members of the community who may have experience with selling.

If you're interesting in sharing your idea to be evaluated for potential licensing opportunities, you're welcome to submit your idea via our secure online submission system. You can learn more about our process by visiting the Edison Nation Help Page before submitting your idea.

We wish you the best of luck!

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chappy75's Avatar

Great answer Roger for determining the VALUE of the patent. I was wondering how much it COSTS too a couple days ago. The Cost of sale = Discounts + Commission + Fees. The cost structure of a brokered deal is not readily available on any of the brokerages sites. I found this in a 2012 article though @ 

http://www.smart-biggar.ca/en/articles_detail.cfm?...


"Patent brokers. A patent broker is an agent who connects patent buyers and sellers, much in the same way that a mortgage broker connects prospective mortgagors with lenders. Patent brokers typically search the marketplace for patents that might be for sale and offer them to prospective buyers who may be interested in the patents, e.g. as a complement to their existing products, to avoid potential patent litigation, or for other reasons. Some patent brokers require an up-front fee or retainer for services in connection with the advertising of a patent, identifying and contacting prospective buyers, and negotiating sales terms. Other brokers do not require such up-front fees, relying solely upon a percentage of the patent sale price, which is typically in the range of 25% to 35%, for their compensation.

...

Patent auction firms. A patent auction firm is an entity that sells patents using an auction format that is similar to the format used for auctioning tangible assets such as artwork or motor vehicles. Live auctions are typically conducted at regular intervals, such as twice a year, and are presided over by a human auctioneer. Before the auction, sellers identify patents to be auctioned and, together with the firm, set a reserve price, i.e. a minimum sales price, for the lot. The auction house may provide prospective bidders with high-level technology descriptions or other information about the patents. However, the onus for analyzing the value of the patents lies primarily with bidders. Some auction firms provide online auctions without a human auctioneer, using a web-based format that may be referred to colloquially as "EBAY for patents." The auction firm typically receives 10% to 25% of the final sale price for auctioning the patents, either from the seller alone or partly from the seller and partly from the buyer. In addition, a listing fee may be charged for lots whose reserve prices exceed a predetermined threshold (e.g. $150,000 U.S.)."

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chappy75's Avatar

Well, you know what they say about opinions, right?

I am sure it's not all doom and gloom...

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chappy75's Avatar

Technically, it would be throwing money at the "solution". Patents are Inventions that are solutions to problems; not problems in themselves.

Not Doom and not Unicorns. Pragmatic reality is what so many inventors have a hard time seeing. Either they want to paint the picture as difficult as possible or in the most grand light. Depends on what serves them best.

For example, people who want to sell advice paint the worst picture so to scare people into buying advice to avoid. People who are trying to attract a following market the best features. But in the middle is the pragmatic reality.

If it were me, I would do the research up front and find the broker with the lowest fees and then negotiate a portion or all of the fee to commission based. That is the pragmatic reality... All things are negotiable"... Prepare for the worst and expect the best. 

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chappy75's Avatar

That is mud... You slung it first... You must be in the mood! HAHA 

I have no time... You might see a problem with people not finding a value in your product or book so that you have to give it away free... lol... that is throwing money at a problem... But that is reality, lower the price to meet market demand.

Have a good day Roger... We are not going here. The topic is "(Cost of) Selling Patents". 

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magurn's Avatar

Gentlemen,

Once again, I remind you that this should stay on topic and there should be mutual respect. If you have nothing respectful and informational to add, please refrain from taking the post to the negative.

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chappy75's Avatar

Roger,

You were not correct in proposing there was an error in our patent filing strategy. You don't know and you spoke directly about my business that you don't understand or agree with. That makes it mud.

I don't talk about your unemployability and you don't talk about my strategic decisions. You have to be reminded to stay neutral... Just stay neutral. That's all.

Not about feelings it is about a realistic pragmatic approach and observing boundaries defined by topic.

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crystaldiane's Avatar

Oh, my, I agree with Michelle.  Its easy to get off track.  But honestly I saw no mud slinging - just a counterpoint.  Reminds me a bit of Saturday Night Live - Point Counterpoint though LOL. Have a good day folks.  

Mary Gorman
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chappy75's Avatar

did you see how fast I received my patent? Near record timing, right? 9 months2 patents cleared in 11 months... How? strategy!

What I did was called a strategy. Strategy achieves an end by a measure of means. If you don't agree with getting a patent quickly and without a fight then you won't agree with my strategy that costs a little bit more money. You save every penny. You have to fight for it harder which is why you write books about difficulty. I spend more money according to my means and have stories of grandeur but really I bought it.

For you to say I made a mistake is very narrow minded. 

I did what I wanted to do and it was Amazing!

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magurn's Avatar

Gentlemen, if you cannot bring this thread back on track to the initial question asked, it will be locked for further comments. 

This is the last warning and I appreciate your consideration.

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