Patent Attorney and Founder
Hey everybody, I’m J.D. Houvener, your host of the Bold Today Show, where you, the inventor, entrepreneur, or business owner, find your daily inspiration to help make the world a better place. [Music]
I’m so excited to be wrapping up this frequently asked questions phase. We’re getting to some of the really good questions that people like you have asked us, and we’ve rolled some really good compact answers to those on our website, boldIP.com, under the FAQ.
Today, I’m going to go through just one of them on video to make sure I hit the point out of the park, make sure that it’s crystal clear what it means. So, the question is, “Will I get an ROI on my money invested in the patent process?” Okay, ROI, return on investment, saying, “Okay, wow, getting a patent application, getting a process through, and getting it issued, I mean, we’re talking thousands of dollars, right? So, it’s a fair question. Am I going to get my money back, plus some? What’s going to be my return?”
And the simple answer to that is, it’s up to you. Well, I can’t leave it there. It sort of does turn the tables. It’s not our job as patent attorneys to make you money. A lot of inventors think that as soon as you get a patent issued, it’s going to magically make money flow to the inventor, and people will beat a path to your door to buy your new product or widget. That’s just not the case. As an inventor, if you really want to make money, you’ve got to hustle. You’ve got to go reach out and make those contacts, get the funding, start your project. If you’re growing a business, you’re going to need help from a lot of business attorneys, employment attorneys. You’ll need help with joining with other people and forming entities, right? In forming operating agreements and how you’re going to move forward into the marketplace.
The good thing is that we have actually got a lot of that help needed. We’ve got the ability to refer you to key people that we’ve already got relationships with, so we’re going to help you get a leg up and sort of leverage to move forward to get your product into the marketplace. But it really is up to you, and it’s exciting to know that you are the master of your destiny in this essence. It’s our job to make sure we protect that secret golden egg, that magic secret sauce that gives you the edge on your competition. So, if you want to learn more about this, I encourage you to please visit our website, boldpatents.com, or give us a call today to book a free 30-minute consultation.
I am J.D. Houvener, your host of the Bold Today’s Show. Have a great day, everybody. Go big, go bold.