Become a Member! 
The Inventors Network: Dedicated to bringing inventors together and sharing resources.
JOIN US on SEP 21ST LEARN – HOW to COMPARE LICENSING VS SELLING
 
PLUS- Managing Liability- Mike Zitek - The Ragnar Group
 
 
The Inventors School 2022: Bringing a New Product to Market
 
SEPTEMBER AGENDA (Meeting # 9, Sept 21st -6pm- 2022):
We are almost ready to Start SELLING our product.  
Last month we reviewed/discussed different ways to “Build a Sales Channel”.  
This month we will compare LICENSING a product vs SELLING it directly.
What are the Pros and Cons?  
What are the Risks and Costs of each?  
What are the Investment Costs?  
How much Profit/Income will we receive?
  
LICENSING Vs BUILDING A BUSINESS
  • Pros
  • Cons
  • What does it mean for you?
 
COMPARING COSTS vs MARGINS
  • Manufacturing 
  • Inventory
  • Product Insurance
  • Sales/Marketing
COMPARING INCOME STREAMS
  • Expenses
  • Cash Flow
  • Profit Vs Royalties
 
 
 
 
 
 

Your Board Can Help You

Here at Inventor's Network
we take pride in the concept of
helping our members network with each other
and we strive to create networking possibilities
in the Inventor sphere.

 
Networking can be described as
the gathering of individuals
for the purpose of sharing ideas,
concepts, experiences and advice
as well as it being a mechanism
to find answers to questions within the subject,
in our case "Inventing."
 
Your Board of Directors
encourages you to

seek connections within our organization
to learn as well as share.
 
Our board is available to answer your questions and
you can contact them by
clicking on their name below.

 
Below are their areas of expertise.
 
For general information, to inquire to be a speaker,
or to join, email us at info@inventorsnetwork.org.

 
Steve Lyon, Board President:
Taking products to Market/Licensing
Avoiding mistakes/Navigating problems
How Inventors Network can help
 
Mike DuMond, Vice President

Selling Your Invention:
HOW is it DIFFERENT than the Competitors?
        WHY Will Customers Buy It?
HOW Will You Sell It?
WHO Will Sell it?

 
Eliot Evans, Board Member/Secretary

Creating Prototypes
Manufacturing and Design Strategies
Product Assembly

 
Bill Berggren Esq., Board Member/Treasurer
Protect the Intellectual Property of your invention
Applying for Patent Protection
Obtaining  Trademark Protection 
Will sign NDA’s for confidentiality
 
Jahn Stopperan, Board Member/Membership
Creating Business Plans and Go-To-Market Strategies
Sales and Distribution Channels
Starting a Business Around Your Invention
How to Get Momentum Going with Your Invention
 
Fred Sklenar IDSA, ASME, BID, MBA, CPP,

NON-Board Member - website Mgr.
Design for Manufacture (DFM)
Ideation and style Design
Going from idea to consumer 
Manufacturing Process Selection and Sourcing
Prototypes 
Mechanical & Electrical Engineering 

 
Upcoming Programs

Next Meeting

IN-PERSON LIVE 

HOPKINS Community Center

Next Meeting

September 21, 2022

 
2022 has a NEW and EXCITING Program Format.
Join us on September 21st  for session 9 of 12.
This year the Inventors Network is running a unique program by taking a product idea through many of the important phases of development to realize a true-live product.  Attendees will learn key fundamentals that every inventor needs to know to bring a product from idea to reality.
 
 
 
Map to Meeting Location
Meetings are third Wednesday of each month starting at 6:00PM.
1001 HWY 7, Eisenhower Community Center (Just West of HWY 169), Hopkins MN 55305
 
 
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Present Your Invention
Would you like to present your invention at our monthly meeting?  Every month we offer our members 5-minute slots for them to present their invention to the group anyway they see fit.  We do suggest your idea be patented or patent pending first and you have discussed this with an attorney.  For more details click here.