Want to Get Your Product Licensed? The Key is Patience

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The Inventors Launchpad Network – Is proud to present The Licensing Jungle, Co-Hosted by licensing expert Mr. Jeffrey Mangus of Product Coach USA and Carmine Denisco, Managing Partner with Inventors Launchpad. As a Product Licensing Coach Jeffrey’s greatest strength is that he can simplify what you would like to accomplish into an easily implementable step-by-step plan. Helping you without the need to for him to have extensive knowledge in your product or area of expertise because you are the inventor, the expert. Jeffrey’s expertise is in knowing the product licensing process, the inventing sequence and how to move people forward, which usually involves overcoming many common obstacles. Let this Podcast help you get over the bumps, steer clear of the sharks and get you where you and your product deserve to be.

www.productcoachusa.com

The Licensing Jungle Podcast is presented by The Inventors Launchpad Network.

www.inventorslaunchpad.com

Podcast Notes

1You Tube Transcription
everyone and welcome to the inventors
0:04
Launchpad Network I am Carmen disco your
0:08
host for today's show of the licensing
0:11
jungle we're gonna be doing some live to
0:14
Facebook streaming today so hopefully
0:17
it'll work we won't have too many
0:19
glitches but it's the the first time
0:21
we're doing a live podcast and we're
0:23
kind of just testing it for a trip up to
0:27
New York where we'll be doing some live
0:29
broadcasts so we want to do some testing
0:31
with the equipment so for today's show
0:33
of license jungle I want to introduce my
0:36
co-host the man of the hour this is the
0:38
guy that can get your product license he
0:41
really can help out his name is Jeffrey
0:43
mangas and he's the king of the
0:45
licensing jungle hey Jeffy over there
0:47
hey I'm over here thanks carmine man I
0:49
tell you what this your intros are just
0:51
getting bigger and bigger I need to step
0:53
up the game we've got some cool stuff
0:58
going on I know that you've been pretty
1:00
busy up there and what's been happening
1:03
first off I want to know what's going on
1:05
with your book the book I can say is
1:08
it's in the final stages of the Edit and
1:10
the book cover is completely done we
1:12
have everything ready to go we're
1:14
planning a huge book launch and looks
1:17
like we're gonna you know shoot it out
1:18
says for coming closer to the end the
1:20
year we're going to shoot for a 2018 you
1:24
know well I want to I want to sign copy
1:28
when you get it uh in the book I want to
1:31
talk about just real quick you know I
1:32
want people to know our listeners to
1:35
know that this book I have worked and
1:38
worked for months on and I did not leave
1:42
any detail out of the book
1:45
there-there's nothing it's not a pitchy
1:49
sales pitchy book you know hey if you I
1:53
would love to have you as a student
1:54
after you read the book but the book is
1:56
full of licensing every detail about
2:01
licensing I put in this book and I want
2:03
I want people to really get the
2:04
information yeah oh you were saying that
2:06
you weren't leaving too much stuff out
2:08
that I did good could take that book and
2:12
really go through all your steps
2:14
and obviously get licensing deals so
2:17
it's pretty cool well I hope so that's
2:20
that's the goal you know I mean you know
2:22
there's books there's great books out
2:24
there I mean Stephen keys so you know
2:26
one simple idea was was a you know a
2:29
really influential book that I read and
2:32
there's you know but there isn't a lot
2:33
of books on licensing out there and
2:36
there's a lot of books on inventing but
2:39
not a lot of books on licensing so this
2:41
book is strictly focused on licensing
2:44
and I really really am excited for it to
2:46
come out yeah yeah well me too I know we
2:49
were been talking about it several times
2:50
on the show and I know I've gotten some
2:53
feedback from some of our listeners
2:55
looking to ask they're asking me when
2:57
the book gonna be out well that's why I
2:59
kind of wanted to check in with you yeah
3:02
I appreciate that definitely definitely
3:03
the first of 2018 we were going to do a
3:05
huge launch
3:06
cool man that's awesome we're we're
3:09
looking forward to it how about how
3:11
about the invention I know you have a
3:13
medical device that that you got out
3:15
there
3:16
it is actually we have been talking to
3:19
the my company and look we're looking
3:22
good I mean look like in the last pages
3:24
of the FDA testing so just a matter of
3:27
it looks like it's gonna be definitely
3:28
18 2018 is gonna be a good great year
3:30
we're really excited about you know
3:33
that's one thing that we you and I
3:35
talked about about patience in this
3:38
industry that a lot of us don't have it
3:41
but we learned that we need it and I
3:44
know that that you talk about patience
3:47
really overflows especially when you're
3:49
talking to potential licensees I know
3:53
that you and I both you know we get
3:55
impatient but being able to speak with
3:57
the licensees in a business type manner
4:00
and tone can really go a long way even
4:03
when it's not an answer that you want or
4:05
it's one of those things where they send
4:06
you an email that you got to wait longer
4:09
you know maybe you can talk with real
4:11
quick about that yeah I appreciate that
4:14
because you know honestly here lately
4:17
what the word patience has really you
4:22
know come forward you know the this life
4:25
the licensing industry the licensing
4:27
game
4:27
call it you know it's not really a game
4:29
but it patience is something that when
4:33
you first get into inventing even if
4:35
you're going if you first get into
4:36
licensing you get excited you know and
4:39
that's all of us do and I still get
4:41
excited when I come up the new product
4:43
you know but the human nature wants to
4:45
hey let's run let's run with it as fast
4:47
as possible but things slow you down we
4:51
do you want them to or not especially in
4:53
this business and and that is you know
4:55
because people don't you know
4:56
inventors need to realize that the
4:58
potential licensees or these companies
5:00
again they have teams of people
5:03
everyone's not in the office at the same
5:05
day that people on vacation whatever
5:07
these things have to line up you know to
5:10
get things going and you just have to
5:12
learn to to stay calm and to again to
5:17
learn the process and know the process
5:19
to the point where the patience will
5:21
kick in if that makes any sense you know
5:24
because if you don't know the process
5:25
then patience even if you have patience
5:28
you're gonna still be antsy about it
5:30
you're gonna want worry you're gonna
5:31
wonder what's going on but when you know
5:33
the process you know fully and that's
5:36
what as a coach that's what I coach and
5:38
you know yes I instruct my students but
5:41
I think the great thing about having a
5:44
coach or someone there to to bounce
5:46
ideas off of or bounce give their
5:48
feelings
5:49
inventors feelings I get a lot of emails
5:51
from my students say hey I don't
5:53
understand this and I'm worried about
5:55
this you know what should i do what
5:58
should I say and that's where I come in
6:00
really come in the value comes in is
6:02
being able to you know to talk to an
6:05
inventor about patience and saying look
6:07
say this calmly say this in the email
6:10
you'll give them a call these kind of
6:12
things are very crucial
6:14
I mean absolutely crucial and you know
6:16
karma you've licensed and you know how
6:18
important that is and to not come across
6:21
as very aggressive or not even in
6:24
staying cool and not losing your
6:27
patience and losing your cool and making
6:30
someone upset you will get yourself out
6:33
of the business really really fast that
6:35
way 100% you're exactly right and I I
6:38
run into myself sometimes I'll get an
6:40
email after
6:41
working and hey listen Jim stubbed his
6:44
toe I wasn't able to speak with him it's
6:46
gonna be another month or so and you
6:48
know with all your might you want to
6:50
just reach through that computer screen
6:53
and just yell and scream but you just
6:55
can't do it there's no rushing this
6:56
especially a licensing deal and on the
6:58
side that you guys work I mean I'm here
7:01
at in Venice launchpad we we are mostly
7:02
on the manufacturing in retail which you
7:04
know retail takes some time also
7:05
pleasure goes with the manufacturing
7:07
side you know we can kind of control the
7:10
timeframes and things like that there
7:11
are things that are out of our control
7:13
dependent on the country's hemispheres
7:16
time zones different places that we're
7:17
making products but on licensing side
7:20
you really have to learn patience there
7:25
it doesn't seem like there's any way
7:26
around it there there really isn't you
7:29
know again I want everyone to know that
7:31
car monitors Carmen you and I are
7:34
speaking about patience and being
7:36
professional it's kind of rolled up in
7:38
one ball you know because it kind of
7:41
coincides they weren't they run right
7:43
parallel you know is learning what to
7:46
say and when to say it and you know how
7:50
to follow up you know and the timeframe
7:52
it takes that is that is actually the
7:55
you know expected and accepted you know
7:58
you know if you're if you're aggressive
8:00
and you're called someone every single
8:02
day and you're bothering them sending
8:04
emails you know
8:05
yeah the old saying is a squeaky wheel
8:07
the squeaky wheel gets the grease but in
8:09
this business it doesn't work you know
8:12
there's nothing wrong with being
8:13
aggressive to a certain point being
8:15
professionally aggressive but you know
8:17
you can you can cross the line that I
8:20
feel that you know learning patience
8:23
will definitely keep you on the other
8:24
side of it of that line yeah yeah I
8:27
agree I agree on a percent and that's
8:31
one thing one thing that's really cool
8:35
do you find that different companies or
8:37
different industries and this is for
8:40
everyone I mean what I find is and I'm
8:43
gonna back up a little bit is that at
8:44
the beginning and you probably run into
8:46
this some times with your clients or
8:47
some some of the listeners might run
8:49
into this you're so excited you you
8:51
really just have so much enthusiasm for
8:53
your product
8:54
for the process and and how do you get
8:57
over that after time you kind of lose
8:59
that enthusiasm we lose that excitement
9:01
does it seem like there's a way to
9:03
overcome that and also does it seem like
9:07
in different industries are harder to
9:09
break into well you know I mean I me
9:12
address both parts of that question the
9:14
first the best way to keep that
9:19
excitement going is to make sure the
9:21
excitement's make sure it's a product
9:23
that you truly care about and that's
9:26
part of the studying the marketplace and
9:28
is to when I say that make sure it's
9:32
something that you're willing to go the
9:34
distance with you know if it's something
9:36
that's not of big interest to you if you
9:39
if you have an idea for a product I have
9:41
ideas for products all over the all over
9:43
the spectrum but I but I've learned to
9:46
be honest with myself and go you know is
9:48
that really interesting enough for me to
9:52
work the the whole system with it is it
9:54
worth you know that makes if that makes
9:57
any sense
9:57
is to really know that you let you truly
10:00
love a product know that you care about
10:03
your wonder that you want to take the
10:04
distance because it's going to it's
10:05
going to take a while you're gonna be
10:07
with that product for a while you know
10:09
you're gonna be working it you're gonna
10:10
get sell sheets and have video sell
10:13
sheets you're gonna be creating copy
10:15
marketing copy marketing proposal
10:17
everything you need you got to remember
10:20
if it's not interesting to you and if
10:23
it's boring to you you're not gonna
10:24
champion the idea to the end so the
10:26
first step in that is learn is knowing
10:28
that it's something that you truly care
10:30
about now most inventors do invent
10:33
something that they truly care about but
10:35
that's we're studying the marketplace
10:37
comes into play as a critical step
10:40
because that's where you learn hey I got
10:42
a great idea but is it is it gonna make
10:45
it and then it is it gonna be
10:47
interesting enough to take it all the
10:48
way to the end yeah and the second party
10:52
you say different industries yeah you
10:55
know I I truly do there are a lot
10:58
medical industry I will tell you beat me
11:03
doing it I've done it I
11:05
it's a tough industry it's
11:08
almost I mean it's a I'm not trying to
11:11
turn anyone but it's just a tough tough
11:13
industry to get into now the easier
11:16
industries I mean I definitely see that
11:19
we all know pet industry is wide open to
11:22
open innovation I see
11:24
the toy industry kind of I mean it is
11:29
and it isn't I mean it's such there's a
11:31
lot of other bigger companies now as you
11:33
know Mattel's open their doors there's a
11:35
lot of these you know toy companies that
11:37
have opened their are opening the doors
11:39
to the open and innovation but it's
11:41
still a close-knit industry there's a
11:43
lot of inventors that are in that
11:44
industry they've established themselves
11:46
in the industry and these companies have
11:47
established themselves with these
11:48
inventors so not saying you can't do it
11:50
it's you know it's a tough industry but
11:53
it's also opening the store so I see a
11:54
little trend here going you know I think
11:57
hardware and kitchen the these these
12:01
industries are wide open you know for
12:03
open innovation ideas you know go to
12:06
Home Depot walk around you I mean
12:07
there's tons of companies here's for
12:09
example just to give some inspiration to
12:12
anyone listening today you know I walked
12:15
to went into Home Depot and I had an
12:18
idea I was really excited about it came
12:20
home worked it all up and started study
12:23
Demark I found a research I found I mean
12:26
I did all this work on it and Nixie you
12:28
know I pitched it and I had five major
12:30
companies that I founded Home Depot
12:32
interested in this product so there I
12:34
mean it's how fast it can go you know
12:36
with that said if you do it right and
12:38
yeah there's a lot of these a lot of I
12:41
see a lot of a lot of industries opening
12:43
up their doors you know but I find
12:45
kitchen hardware and I'm again I'm from
12:48
throwing toys in there because I think
12:50
the toy industry is open because there's
12:53
a lot of the smaller toy you know
12:55
companies not as big as Mattel or Hasbro
12:58
or any these other but a lot of the
12:59
smaller ones if you look around are open
13:02
you know to to toy ideas and so you can
13:04
get your foot in the door that way of
13:06
course the as seen on TV industry it's a
13:09
huge industry and you know that to be
13:11
true karma it but it's a you know it's a
13:13
great way to get yourself started as an
13:15
inventor get products you know but it is
13:18
it the competition stiff you know it's
13:20
it's tough you
13:22
but it's still open so if you know
13:24
everyone has the same it's equal
13:26
everyone has the same shot you know long
13:28
as you have a good idea
13:29
ya know exactly and the main thing I
13:33
know that you and I talk about this is
13:35
that you really should get into an
13:38
industry that you enjoy because you are
13:41
gonna spend a good amount of time on
13:43
that product on that timeline on the
13:45
paperwork and what you're doing you know
13:48
so it's not like don't just pick a
13:50
product that you think you're going to
13:51
make a huge amount of money for but
13:53
realize that you know it's a lot of work
13:55
because you really won't have your heart
13:57
into it you know and we talk about that
13:58
a lot but yeah you know there's a
14:01
certain amount of time that you were
14:03
gonna spend trying to get this product
14:04
licensed so it should be something that
14:05
they enjoy right it's exactly what I'm
14:09
saying is you know something that you
14:10
enjoy like for me for example I loved
14:13
developing products really for the
14:16
guitar industry music industry there's I
14:19
mean we all know there's a lot of
14:21
players in the music industry but in the
14:24
big players you know so I still love to
14:26
do that because that's what I love and
14:28
you know I love developing dog products
14:30
toys those kind of things because I
14:32
enjoy it I and it's something I truly
14:35
you'd love to do and any of it are out
14:37
there find what you love to do you know
14:39
you know find what you really interested
14:41
in whether it's hunting fishing camping
14:43
then and then look for the holes look
14:46
for the problems you know open your eyes
14:48
and when I say that open your eyes and
14:50
ears listen to what's going on around
14:51
you and just look and you can find
14:54
things you can if you're truly looking
14:56
in front from an inventors eyes you know
14:58
I love it i'm always looking from an it
15:02
through an inventor sauce and i don't
15:05
know where that what where that come
15:08
about but i you know one day i just you
15:10
know i just it just happened kind of
15:12
thing you know I've always been
15:13
tinkering my whole life through stuff
15:15
but but yeah you can you can train your
15:18
brain and your mind and your whole
15:19
persona to to to be able to see things
15:23
that most people don't see you know
15:25
asking the question you know I know we
15:27
hear it all the time asking the question
15:29
why why does that do that or what what
15:32
can I do to change that what can I do to
15:34
make that better
15:35
what can you do and you ask you simple
15:38
questions you find we find areas that
15:40
you know especially in there is you're
15:42
interested in you if you're looking hard
15:43
you will find problems that you can that
15:45
you can solve yeah that's that's that's
15:48
true and you're looking in the industry
15:50
that you're in or that you like being in
15:52
that typical and it's like sports or you
15:56
know like you said some people like to
15:57
cook you like to play guitar is sports
15:59
whatever it is try to work on industry
16:01
because you can find those pain points
16:02
much easier because they are affecting
16:05
you and then you go and you look and see
16:07
okay I have this issue or have this
16:09
problem and you go start seeing who else
16:11
it affects and it's a kind of a chain
16:13
reaction type thing you don't just jump
16:15
in and think oh it's affecting me so it
16:17
must be affecting millions of people I
16:19
should develop this product you know the
16:22
things that you teach is to really you
16:24
know develop and look into the market
16:26
see you know the availability the market
16:28
the size of you know that problem and
16:31
then start in that process and I know
16:33
that's kind of what you teach and it
16:34
kind of if you do it the right way if
16:36
you follow the right sequence it kind of
16:38
keeps you excited it kind of keeps you
16:40
working on the idea rather than jumping
16:43
around sporadically and and kind of
16:45
maybe burn yourself out well that's
16:47
exactly right when you learn the
16:48
processes I know you are list just hear
16:53
me say that a lot but it's just the
16:54
truth you know when you learn every step
16:57
and when you have that in front of you
16:59
and so it when you know that you've got
17:02
to do this and you got to do this and
17:04
then when you get to that step then
17:05
you're like okay I can move forward with
17:06
this it's exciting it's fun you know and
17:09
there's this business is fun if you if
17:13
you do it the right way it's not fun
17:15
when you're confused and when you're
17:16
distracted or when you're broke that you
17:19
spent a ton of money on a product you
17:21
know that honestly there's no market for
17:23
and I hate to be the bearer of bad news
17:26
but that happens daily it's happening
17:29
right now as we speak
17:30
some inventor out there unfortunately
17:32
has just spent ten thousand dollars on a
17:34
patent that they they don't even know if
17:36
their product even has a market
17:37
unfortunately I have I had a student
17:40
that is as a student but can't but come
17:45
to me and he had a product that
17:49
thought was a one-of-a-kind but within
17:52
ten minutes of our initial first
17:55
coaching session we found that product
17:57
and we found multiple products exactly
17:59
like it and he was very discouraged but
18:02
you know I don't I coach students not to
18:05
be discouraged when that happens because
18:09
honestly if you have an idea and you had
18:11
when you study the marketplace when you
18:13
first that's your critical step you
18:15
study the marketplace you find what's
18:17
out there
18:17
if you find something like your product
18:19
that means that there's a market for
18:21
your product that means you've had a
18:22
good idea you need to think you know
18:24
think happy thoughts and then go back to
18:26
work get back to the drawing board how
18:28
can you make it better how can you add
18:30
value you know it and work off that you
18:33
know work off your idea and make it
18:35
better and so it's gonna be to fit that
18:37
market yeah well that all comes down to
18:40
what you teach your sequence and I can
18:43
understand why people will will do your
18:45
coaching or do your process and again
18:47
whether they read your book or not we're
18:49
not trying to sell your services but
18:50
being able to walk them through the
18:52
right sequence doing the right thing not
18:54
spending all the resources and resources
18:56
aren't just about money and we talk
18:58
about that you know your time is worth
18:59
money your family being away from your
19:02
family is is is resources everything is
19:05
a resource and you only have a limited
19:06
amount of that and obviously funds are a
19:09
limited resource so you can easily burn
19:11
yourself out you know by using the
19:14
resources in the wrong spot that's
19:16
exactly right you know yes I mean I get
19:19
excited about my program because I truly
19:22
do want inventors it's to get it I want
19:26
I want to save that inventor from making
19:29
those mistakes that that we've all made
19:33
I mean I'm definitely I've talked about
19:34
myself you know it has taken years but
19:37
I've made mistakes we all have you know
19:39
and we've learned but if you can not
19:43
make this mistakes if you have an
19:45
opportunity to learn the actual
19:47
processes that I mean there the every
19:50
process every step of the process is
19:53
critical because once you get through to
19:57
a certain point you realize okay do I
20:00
move forward or do I put it on the shelf
20:03
and it's really that simple you know
20:05
because that way you you are you're
20:09
saving your resources you're saving your
20:10
time away from your family you're saving
20:12
your money you're saving all of this
20:14
effort that you know that you would be
20:17
normally putting into a product if you
20:19
don't know what you're doing you could
20:20
end up going forever and ever and ever
20:23
and and unfortunately being away from
20:27
your family you know just being lost
20:29
being discouraged and broke you know and
20:32
by not following the actual steps that
20:35
if you if you did know the steps it
20:37
makes it a whole lot easier and
20:39
definitely keeps you in on track and
20:42
that's that's the big value of you know
20:44
I agree and and you know hear from some
20:47
of your past students which I was
20:50
surprised that going through the whole
20:52
process they actually spoke about it
20:53
that it was fun you know it was more of
20:56
a discovery type thing they were
20:57
learning things but they're also
20:58
learning the right process so they
21:00
weren't stressed out they weren't you
21:02
know broke they did the right things and
21:05
they ended up you know speaking to
21:06
Cline's not everyone's getting a
21:08
licensing you know deal right off the
21:10
bat but they they were learning and the
21:12
things that you taught them were
21:13
actually happening so they were ready
21:15
for it they were ready for hey let's
21:17
listen not they you know let's be
21:18
truthful not every company is going to
21:20
jump at your idea and throw money at you
21:23
and they were ready for that they were
21:24
ready for those disappointments if you
21:26
want to say that's yeah that's exactly
21:28
right you know I appreciate you
21:30
acknowledging that we've had some
21:31
students on the show and my reason I had
21:34
the students on the show and again it
21:37
wasn't to broadcast my coaching program
21:40
it was to show that there's they did
21:43
receive value from from learning the
21:45
steps and the processes and yeah every
21:48
single one on that you've heard they had
21:50
fun doing it they also weren't confused
21:53
but when they were confused they were
21:54
able to call me they were able to talk
21:56
to me and and that's what I love the
21:59
most I love when a student says hey man
22:01
I have a bunch of questions man I get
22:05
excited because that it challenges me
22:07
and also you know helps when I know I
22:11
can actually help someone you know by
22:14
what I know and to know they're going
22:17
be on the right path and to feel
22:18
comfortable knowing they're gonna go out
22:20
into the world you know that we can go
22:22
and they're gonna do the things that
22:23
we've talked about and they do it you
22:25
know and I see them the results it's
22:27
it's exciting I mean it really is it's
22:30
rewarding you know and that's what I
22:32
want that's what this shows about this
22:34
show this show and I really thank you
22:36
guys for giving me the opportunity to
22:38
have this show the licensing jungle
22:40
because it this was here the hearing
22:44
these podcasts if I was you know just a
22:46
listener I'd be very excited about it
22:48
because it is a true resource be able to
22:51
learn something from you know the
22:53
nation's top innovators you know people
22:56
that are in the trenches just like us
22:57
this our students my students the whole
23:00
thing it's exciting but to hear the
23:02
real-world stuff we're not sugarcoating
23:04
it here and that's what I like love
23:05
about this show yeah you know it's real
23:07
yeah 100% 1000% and you know as you said
23:12
we get we get a lot of feedback we get a
23:14
lot of emails a lot of people on on
23:16
Facebook and on LinkedIn are always
23:20
contacting us and talking about the show
23:22
and asking questions the one thing
23:24
that's great about it is is that they're
23:26
thankful that we're putting this
23:28
information out there the guess I always
23:30
thank the guests that we have on for
23:32
giving their time for the show and it's
23:34
a it's a great educational piece we're
23:37
giving our experiences we don't know
23:39
everything but we're given our
23:41
experiences we're bringing hosts on that
23:43
know things that we don't know and it's
23:45
available 24 hours a day 7 days a week
23:47
so that's one thing that's great about
23:48
it um there's one thing I I did want to
23:51
kind of kind of jump subjects and I do
23:54
get some questions about this not only
23:56
on LinkedIn but through email and it's
24:01:00
something that I did speak with with my
24:03:00
partner Rick about is that military
24:06:00
contracts a military licensing we have
24:08:00
we get a lot of military type products
24:11:00
sent to us and when I say military they
24:13:00
don't have to be guns and weapons and
24:15:00
explosions devices but there's a lot of
24:17:00
talk and a lot of people that develop
24:20:00
products for military whether they're
24:21:00
boots or bulletproof backpacks or
24:22:00
motorcycles that fold up and all
24:25:00
different types of things and I was
24:26:00
wondering if that's something that that
24:28:00
you have any advice to
24:31:00
our listeners about maybe doing some
24:33:00
licensing with the military ORS are kind
24:35:00
of like the same thing same process I
24:37:00
would have to say that it would be the
24:40:00
same process but I think if it's for the
24:43:00
military I think you want to dig deeper
24:45:00
and finding because there are products
24:47:00
obviously you know off the market you
24:51:00
know accessories and different things I
24:53:00
think if you locate those companies or
24:55:00
even companies or contractors that feed
24:57:00
into the military that make these type
24:59:00
of products you know again research you
25:03:00
know dig in before you start doing
25:05:00
anything especially and have your ducks
25:07:00
in a row that is I mean obviously in the
25:10:00
military and developing products for
25:12:00
them for the military you want to make
25:14:00
sure that you have everything you know
25:18:00
way you want it that in my mind any if
25:22:00
I'm wrong then I'm wrong but I don't
25:24:00
think so I think that being able to you
25:28:00
know have everything like in order and
25:31:00
make sure your products gonna be
25:33:00
functional and working and you know
25:35:00
shined up and you know I think that's
25:37:00
really crucial and that and that type of
25:40:00
in that going for that industry yeah
25:43:00
yeah I agree and it's funny that you say
25:44:00
that I my partner Rick Valderrama heard
25:47:00
me talking and he spun around and said
25:49:00
hey let me in on that he's got some some
25:51:00
cool stuff I know he's done some work
25:52:00
with military is actually ex-military by
25:54:00
the way and he he jumped in and said you
26:02:00
know we've been speaking with military
26:03:00
were doing some stuff and he he wanted
26:05:00
to get in and just kind of tell a little
26:07:00
bit of story about some some things that
26:09:00
we got going on if people have some
26:11:00
military type products I don't know if
26:12:00
we can hijack the show for a second
26:14:00
there absolutely we just signed on last
26:19:00
week with a nonprofit organization that
26:23:00
has been tasked to facilitate inventions
26:27:00
for war fighters actual on-the-ground
26:30:00
war fighters for Special Operations
26:33:00
Command what what they are saying are
26:36:00
the challenges they've been having over
26:38:00
the past ten years or so is they come
26:41:00
back from you know Iraq and if
26:44:00
understand and every song every tour
26:46:00
every time there's a different type of
26:48:00
enemy our technology grows they get the
26:50:00
technology so they need a way to to
26:53:00
fight that so they come back with Alisa
26:56:00
requirements but the overall military
27:00:00
contracting mechanism that's there now
27:04:00
makes it impossible for something to to
27:07:00
be made produced tested and out in the
27:11:00
field in a timely manner so this
27:14:00
nonprofit organization took the lead on
27:16:00
that sign a direct contract with Special
27:19:00
Operations Command and their objective
27:23:00
is to take the requirements right from
27:24:00
the the warfighter and then put that
27:29:00
together with an inventor or a group of
27:33:00
inventors to help meet that need they
27:36:00
know that's exciting that's four really
27:38:00
exciting yeah it's really cool yeah that
27:42:00
is I mean that gets me excited because I
27:44:00
mean you know I would love to be a part
27:46:00
of I'm gonna saying not not but to be an
27:49:00
adventure to be a part of that team that
27:50:00
would be incredible you know to give
27:52:00
real feedback from someone who's
27:54:00
actually in the field and be able to
27:56:00
develop a product that quick that that's
27:57:00
really great yeah and and the the the
28:01:00
reality is we can get it directly to
28:03:00
them now we you know we've become their
28:06:00
their network it's an art it's been
28:09:00
tasked to us to find you know the the
28:12:00
millions of inventors out there not only
28:14:00
in the US but all over the world that
28:16:00
could fulfill these requirements and get
28:19:00
them out there and if they if they test
28:22:00
we could have them on the field within
28:24:00
months so wow that's incredible yeah
28:27:00
yeah and then we could we will be the
28:29:00
mediator for everything we could you
28:34:00
know we pay we'd be the licensee so we
28:36:00
would actually you know pay the inventor
28:39:00
a royalty of every contract that happens
28:42:00
that occurs from and that not only goes
28:44:00
for the Operations Command but FEMA and
28:47:00
all the other federal agencies that is
28:50:00
that is x-man that's exciting that
28:53:00
really is good for you guys that's
28:55:00
exciting
28:55:00
so any vendor out there please you know
28:57:00
you need
28:58:00
find out more about that you know to get
29:00:00
yourself involved in that so Rick maybe
29:03:00
could just real quick tell to tell the
29:06:00
categories of products and as you said
29:08:00
you started going through you know
29:09:00
there's it just had to be like again it
29:11:00
doesn't have to be a weapon type product
29:13:00
right
29:13:00
no no it's anything with a military
29:15:00
application that means you know we've
29:17:00
some lighting systems some I mean
29:19:00
they're looking for anything I mean the
29:20:00
requirements could be as as simple as
29:23:00
you know a better MRE you know a meal
29:26:00
ready to eat something to you know the
29:29:00
food faster or lighting systems or
29:32:00
lasers or whatever I mean the last time
29:35:00
I met with them a couple weeks ago their
29:37:00
biggest challenge was you know overhead
29:39:00
drone attacks I mean one of the one of
29:41:00
the biggest things they have now are the
29:45:00
al Qaeda knows all those guys are are
29:48:00
dropping grenades from from regular
29:51:00
drones overhead right so they're they're
29:54:00
getting you know 102 and Rolla drawn and
29:56:00
they're they're dropping grenades on two
29:59:00
Humvees so there was a scare they're
30:04:00
trying to have they had a whole testing
30:06:00
facility testing ways to defeat that
30:09:00
right and it could be we you know we
30:11:00
have no idea what it could be I mean it
30:12:00
could be things on like like carmine
30:14:00
said it could be things like in
30:15:00
backpacks it could be you know charging
30:18:00
devices it could be things that keep you
30:21:00
keep you cool or keep your feet dry it
30:23:00
could be almost anything I mean one of
30:26:00
the things you're working on right now
30:27:00
is ways to improve airborne canines
30:32:00
right so this it's it's anything I mean
30:36:00
if any inventor believes they have
30:38:00
something that could fit a military need
30:40:00
submit it and we could send it to the
30:43:00
right channel so I mean worst they could
30:44:00
do say no doesn't cost anything
30:45:00
absolutely that's that's that's a great
30:48:00
opportunity
30:49:00
you know for our listeners anyone out
30:50:00
there if you have ideas I mean get in
30:53:00
touch with the inventors Launchpad those
30:55:00
guys you know that's yeah I would
30:57:00
definitely jump on that for sure if I
30:59:00
was I mean seriously I don't know what
31:00:00
to say other than I'm excited I'm
31:02:00
excited that that gives me I guess my
31:04:00
brain starts going you know hey I'm not
31:07:00
in the military but hey you never know
31:09:00
what you could
31:11:00
you never know yeah I agree so real
31:12:00
quick work out of that how do they put
31:15:00
the product in they just go to Venice
31:18:00
launchpad right now we have a contact
31:21:00
form just contact me right now we're
31:22:00
still in the infancy stages I said we
31:24:00
just signed this last week so it's still
31:27:00
an infestation so as of right now if
31:30:00
good or go to our website there's a page
31:34:00
for the military military and and you
31:39:00
know federal government type stuff just
31:40:00
go in there and fill out the contact
31:42:00
form and contact me and I'll leave you
31:43:00
I'll put you in my database we get this
31:45:00
thing growing sounds great and if
31:47:00
there's anything I could do you know my
31:48:00
website I would definitely put a link to
31:50:00
you guys you know if anyone wants to
31:52:00
submit you know some kind of format we
31:54:00
can work on that as well that's that's
31:55:00
great that's a great opportunity huge
31:57:00
you know so it's exciting
31:59:00
yeah they don't mess around it's not
32:01:00
this is not 10,000 units I mean there's
32:03:00
a little bit when they fund something
32:05:00
it's gonna be it's not gonna be
32:07:00
insignificant yes you're right it would
32:09:00
be something I'd want to get into for
32:10:00
sure all right well very cool man thanks
32:14:00
Rick I would glad for that update and I
32:17:00
appreciate it and we'll be looking for
32:19:00
some products not only from Jeff but
32:21:00
from the rest of the community thanks
32:24:00
Rick yes I just wanted to talk about
32:27:00
that a little bit I mean it's pretty
32:28:00
much that is awesome I mean seriously
32:31:00
awesome it just shows the opportunities
32:33:00
like you said that are out there you
32:35:00
know there are people there are veterans
32:37:00
there are people that just love the
32:39:00
military applications FEMA you know the
32:41:00
disaster relief stuff that people have
32:44:00
been coming up with because of the
32:46:00
hurricanes and earthquakes and different
32:48:00
things we're getting tons of products
32:51:00
that can help people all over the world
32:52:00
and I mean that's what makes this
32:54:00
business fun and that's why I kind of
32:56:00
like you know you said Jeff that's kind
32:57:00
of why we're doing this podcast just to
32:59:00
really connect with people about it yeah
33:02:00
absolutely you know that is the goal of
33:04:00
the podcast to you know for things like
33:06:00
this you know before the rig free come
33:08:00
on and talk about opportunities you know
33:11:00
opportunity and inventors out there you
33:14:00
can make your own opportunity again by
33:17:00
keeping yourself open to what's going on
33:19:00
around you the world looking looking
33:21:00
just looking at finding areas that you
33:24:00
love
33:24:00
or you're interested in your hobbies and
33:27:00
make opportunity happen by again
33:29:00
learning the processes learning the
33:31:00
steps and not going at it blind just not
33:34:00
going at a blind then you know that's so
33:38:00
I can't even I wish I could just
33:40:00
everyone can just see what I've really
33:41:00
you know my heart I really care about
33:43:00
you know people and seeing I want to see
33:46:00
them be successful and I also want to
33:49:00
see them not make them mistakes I mean
33:51:00
we're all gonna make mistakes
33:52:00
that's gonna have but if you can avoid
33:55:00
them a mistake why not you know why not
33:58:00
why not do it you know I would if you
34:00:00
can if you can see a hazard in front of
34:02:00
you go around the hazard you know it's
34:05:00
simple but when you go out of blindly
34:07:00
you're gonna fall right in the right in
34:08:00
the hole you will fall for sure no I
34:11:00
agree it's the recoverable missteps that
34:15:00
that we all will make if we're prepared
34:17:00
is going to be I mean they say every
34:19:00
plan you know falls apart when you first
34:23:00
have contact you know you can plan as
34:27:00
long as you're planning you have the
34:29:00
ability to move forward and that's where
34:31:00
your training comes in that's where
34:32:00
preparation comes and that's where this
34:34:00
podcast comes in listen back listen to
34:36:00
them the old shows and you can really
34:39:00
get some information not only from from
34:41:00
from Jeffrey and I but also from the
34:43:00
pros that have been on the show I mean
34:44:00
we've had some people on the show some
34:47:00
guests that were just awesome I mean
34:48:00
these guys are licensing products you
34:51:00
know and they're doing it they've run
34:53:00
into the issues absolutely and we're
34:55:00
going to have a whole lot more or we're
34:56:00
going to really step up the game and get
34:58:00
a lot of the industry we're going to
35:00:00
talk to patent attorneys we're going to
35:01:00
talk to patent agents we're gonna really
35:03:00
dig in we're gonna get some of the the
35:06:00
nation's top licensing people and I know
35:08:00
that's your goal and my goal for 2018 is
35:11:00
to make the licensing jungle even better
35:14:00
we want to I mean I really want to give
35:16:00
you know our show you know the real
35:20:00
information I want to dig in and dig
35:22:00
deep and throw out exactly what we're
35:25:00
going to what people need to know here
35:26:00
you know yeah I agree man I agree I'm
35:30:00
excited for the upcoming shows I'm
35:31:00
excited for the products we get to see
35:33:00
and just having fun this is a great
35:36:00
industry if we're prepared and
35:38:00
you know what's expected you know what
35:39:00
to do so I totally agree I think we're
35:41:00
we're kind of out of time for today I
35:43:00
know you got some coaching that's gonna
35:45:00
be happening soon and I just want to
35:48:00
start wrapping up my friend
35:49:00
I appreciate ya I've got a busy day at
35:51:00
coaching today but again if anyone's out
35:54:00
there I want to tell you if you're an
35:56:00
inventor you don't have time to go
35:58:00
through the coaching program which I
35:59:00
hopefully you do but if you have a
36:02:00
question offer consulting you could
36:05:00
email me you know let me know I'll be
36:07:00
glad to help you I'll be glad to answer
36:08:00
questions and and you know I don't know
36:11:00
I just really want I want people reach
36:13:00
out because we want we want to help you
36:15:00
absolutely reach out you know send the
36:17:00
message to the lysine jungle and
36:19:00
minerals launchpad we'd be glad to
36:20:00
answer questions for ya thanks yeah very
36:23:00
very very true I'll I can let everyone
36:25:00
know listeners know that we get back to
36:26:00
every person and emails us we get
36:28:00
several emails from each show I know we
36:30:00
get people on LinkedIn Facebook and no
36:32:00
Jeffrey gets put up from Prada coach
36:34:00
usa.com reach out to them their
36:36:00
inventors Launchpad calm all of our
36:39:00
Facebook accounts LinkedIn you can
36:40:00
definitely find it if you have a
36:42:00
question please reach out if you have a
36:43:00
if you if you have a question and you
36:46:00
never know I'm probably going to talk
36:47:00
about it on the show talking about the
36:49:00
military questions that we were
36:50:00
receiving brought in reporter AMA who's
36:53:00
a pro at the military type projects it's
36:58:00
very tough to go through the
37:02:00
governmental type contracts and he was
37:06:00
exactly what to do it's awesome having
37:08:00
people like Jeffery on giving us that
37:09:00
information so again I thank all of our
37:12:00
listeners I thank everyone Jeffrey my
37:14:00
co-host for being on the show today and
37:16:00
we will catch you next time on the
37:20:00
licensing jungle take care guys