Product Licensing Companies: How to Choose the Right Partner for Your Invention
Product Licensing Companies: How to Choose the Right Partner for Your Invention
Not All Licensing Companies Are Created Equal
If you've invented something and want to license it, chances are you've searched for "product licensing companies." But here's the truth: not every company is built to serve you, the independent inventor. Some make big promises but offer little support. Others are built for corporate deals, not everyday creators.
In this guide, we’ll show you what product licensing companies actually do, how to evaluate them, and why companies like Own My Ideas are designed specifically for solo inventors looking to commercialize their product ideas.
What Do Product Licensing Companies Do?
Product licensing companies act as a bridge between inventors and businesses that want to manufacture, market, and sell new products.
Their Typical Roles Include:
Helping inventors protect their IP
Creating pitch materials (sell sheets, presentations, demos)
Reaching out to potential licensees
Negotiating royalty deals and licensing terms
Offering legal, branding, or commercialization support
Some are full-service. Others only assist with select parts of the process.
Signs of a Reputable Licensing Company
When evaluating potential partners, here are some key things to look for:
1. Transparent Process
They clearly explain what they do, how they help, and what the timeline looks like.
2. Industry Experience
They've helped similar types of products or industries (consumer goods, gadgets, home, fitness, etc.).
3. Clear Pricing or Terms
No vague fees or hidden upsells. You know exactly what you’re paying for.
4. Real Success Stories
They can show examples of past inventor deals, licensing wins, or ROI.
5. Focused on Inventor Success
They aren't just consultants; they actively help move your idea forward.
Red Flags to Watch Out For
"Guaranteed deals" (licensing can’t be guaranteed)
No clear IP protection guidance
Pushy upsells or generic packages
No track record of real inventor success
Why Inventors Choose Own My Ideas
Own My Ideas is a licensing support company built around you, the independent inventor. Here's how we stand out:
8+ years in business with an A+ BBB rating
Full licensing outreach services
Patent commercialization support
Market pitch material creation
Transparent, supportive process from idea to licensing deal
We don’t just offer advice—we roll up our sleeves and help.
FAQs: Working With Product Licensing Companies
Do licensing companies take ownership of my idea?
Reputable ones don’t. You keep ownership and grant them rights to license it.How do these companies make money?
Some charge upfront fees for services, while others take a percentage of royalties. Own My Ideas offers a mix depending on the service tier.Can I license an idea without a patent?
Technically, yes—but it's risky. We recommend at least a provisional patent before starting outreach.How long does licensing take?
It varies. Most deals take 6–18 months from start to signed agreement.
Choosing the Right Partner Can Make or Break Your Invention
Finding the right licensing partner isn’t just about speed—it’s about trust, strategy, and execution. Work with a company that understands what it's like to be in your shoes and has a clear plan to help you succeed.
Ready to License Your Idea With Confidence?
Let Own My Ideas help you move from concept to licensing deal. We bring the relationships, strategy, and experience to help you monetize your invention without going it alone.
Submit Your Idea or Schedule a Free Consultation to get started.
