As a child, it was always my dream to become an inventor and to see one of my products that I invented selling in stores. When I was around 12 years old my mom gave me my first inventor’s notebook to start writing down my invention ideas. From my early teens into my early twenties, I would write down any and every idea that came into my head. However, the older I got the more I began to realize that without a large investment and resources I would not be able to get my products developed, manufactured and sold in stores.
I was also very fearful that if I told anyone my invention idea that they would steal my ideas. For this reason, I never told anyone about my ideas. Over the years I have seen many of my early ideas get developed by other inventors and sold in stores. This made me mad and frustrated, so I eventually gave up on inventing and stopped writing my ideas down.
Fast forward to my early thirty’s where I was then a dad of three boys. One day my oldest son came to me holding one of my old invention notebooks that he found in an old box in the garage. He had been reading through all my old invention ideas and wanted to know why I wrote down all of them. I then told my son that when I was his age I had a dream to become an inventor and sell my products in stores.
What happened next forever changed my life. My son looked at me and said, “Hey dad, why did you give up on your dreams?” I then realized I was unable to give my son a good reason for giving up on my dreams. At that point, I decided to start writing down my ideas again and to learn how to get a product into stores.
It was shortly after that eye-opening experience with my son that I invented my product ArtSplash. Even though I was much better off financially then I was in my early twenties I found that it was still very risky and expensive to get a product to market through venturing it myself. I was fortunate enough to stumble upon the concept of licensing ideas to companies. Licensing an idea to a company is like letting the company rent your idea in exchange for a royalty check. The company will pay you a percentage every time they sell your product. For an idea person like myself, the licensing model was a perfect way for me to get my products sold in stores.
I spent the next couple years learning everything I could about the licensing industry. Since then I have been able to sign multiple licensing agreements. I also made it my mission to teach and help other inventors like myself how to license their product ideas. I have been able to help hundreds of other inventors learn how to license their product ideas to large companies.
Like most people, I have many regrets in life but one of my largest regrets is not pursuing my childhood dream sooner. I am grateful for my son for reminding me of the dream that I gave up on many years ago. If it wasn’t for him I would not be where I am today. It is now my mission to help guide other inventors down the path of licensing to make sure they don't make the same mistakes that I made.
Remember, It is never too late to pursue your dreams.