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How to Launch a New Product (He Patented a Formulation!)

inventRightTV 636 1 day ago
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How do you turn an idea into a product? What do you do if you're the type of person who sees a flaw and is motivated to design and commercialization a solution? Having his insurance go up made entrepreneur and restaurateur Robert Wayne want to solve a problem. In this episode of inventRightTV, Stephen Key interviews Robert Wyne, who reveals how he turned an innovative cleaning solution into a patented product now poised to disrupt the hospitality and healthcare industries and solve the slip-and-fall problem. Robert walks us through his real-world journey — from identifying a costly industry problem (slip-and-fall accidents) to working with a chemist to develop a fast-drying, all-natural cleaning solution. He shares exactly how to patent a formulation, how he partnered with the right people, and how Kevin Prince of QuickPatents helped him secure multiple utility and design patents. He explains how he got creative making partnerships with limited funds and turned recipes into products. If you’re developing a chemical product and wondering how to patent a formulation, or how to get it manufactured and sold, this is a must-watch. Robert also unveils his second invention — a motion-sensor safety cone — and explains how creative partnerships and persistence made it all possible. Learn more about it at their website: https://www.pioneerconcepts.org/ *Thank you QuickPatents for sponsoring this video!* For helping protecting your inventions, reach Las Vegas-based QuickPatents founder Kevin Prince at *1-800-505-5610* or visit https://www.quickpatents.com. 00:00 – Intro 00:39 – Meet Robert Wyne & the Slip-and-Fall Problem 01:53 – Inspiration for the Product 03:22 – Developing the Fast-Drying Formula 04:48 – Partnering with a Chemist 06:11 – How to Patent a Formulation 07:35 – Building a Patent Portfolio with QuickPatents 08:16 – Challenges of Selling a New Product 09:24 – Testing Against MRSA & New Opportunities 10:05 – Marketing & Trade Shows 11:23 – Finding a Manufacturer 11:56 – Invention #2: Motion-Sensor Safety Cone 13:40 – Worldwide Patent Protection 14:59 – Partnerships & Manufacturing Strategy 16:11 – What's Next? 16:46 – Final Thoughts & Wrap-Up Have an invention idea? Turn it into a product and get it into stores and selling online — we show you how on inventRightTV. Whether you're trying to pitch an idea, make a prototype, get a patent, build a business, or land a licensing deal, you're in the right place. What you need to know to sell an idea and get paid. (Featuring real-life stories from entrepreneurs like you.) Learn what to do when you have an invention idea, including how to: — Pitch your invention ideas to companies who will license them — Protect your idea with a provisional patent application (PPA) — Create a simple prototype (even if you're not an engineer) — License your product and earn royalties (also known as passive income) — Avoid costly mistakes, scams, copycats, and getting ripped off along the way We've helped thousands of inventors license their invention ideas. Hosted by inventRight founders Stephen Key and Andrew Krauss. Most inventors and most products fail. Beat the odds and become a successful inventor! Subscribe to go from idea to product. We are experts in licensing products. Set up a free consultation with inventRight: https://inventright.com/contact/ Hire inventRight to contact companies for you: https://inventright.com/gateway/ Hire inventRight to guide you to a licensing deal: https://inventright.com/coaching/ Get a prototype: https://inventright.com/prototype/ Get strong, affordable protection for your idea: https://inventright.com/patents/ Call +1 (650) 793-1477 Email [email protected] 📚 New to product licensing? Read Stephen Key’s book “One Simple Idea”: https://amzn.to/4fwVVOT Free Inventor Resources: https://bit.ly/3AaGko2 *About Stephen Key* Award-winning inventor with 20+ patents and products sold worldwide. Co-founder of inventRight, bestselling author, and speaker on licensing and IP strategies. *About Andrew Krauss* Licensing expert with 25+ years of experience. Co-founder of inventRight and former president of one of the nation’s top inventor associations. Speaker at USPTO events and innovation advocate. *About inventRightTV* The #1 YouTube channel for inventors with 80K+ subscribers and nearly 1M monthly impressions. For sponsorships, email: [email protected] Disclaimer: inventRight is not a law firm. For legal, patent, or trademark advice, consult a professional.

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