
Invent With Me
Wether you want a custom Amazon product or a launch plan for your patented product (EP.57), the Invent With Me podcast has your back! From garage prototype, to 7-figure business, sit back and enjoy the candid steps, stories, secrets and hacks to bring your invention idea into reality!
Still not convinced? Consider Eddie with "WrapRabbit". Since listening to our show Eddie has a filed provisional patent, had his product manufactured and is in pre-launch as of April, 2025! Eddie has used the skills in the show to increase the sale price of his product from $20 to $60 at no cost to him!
How about Shawn from episode 36? A independent bathroom remodeling contractor who was fed up with dirty caulk and paint stains on his pants and went from idea to 10,000 units in his warehouse within a matter of months ! (Thats about 1/5 the time it took me!)
And finally, Elena of episode 37. A young inventor who knew she had an ace up her sleeve with the Cozy Clip. Elena set her sights on giving people a safer and more comfortable hair clip and has been crushing the marketing and manufacturing process! Elena's claw clip has gone viral on multiple social media platforms and she is already swamped with pre-orders!
Invent With Me
A Year of Doing an Inventing Podcast. Here's What I Learned
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Questions? inventpodcast@gmail.com
By popular demand... introducing Grant's "Invent With Me" Patreon.
-You may want to join if...
1. You have an invention idea but don't know where to go from here...
2. You need access to engineers, lawyers, inventors or manufacturers.
3. You need inspiration and weekly tips to bring your invention to the market and start making 7-figures from your idea.
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IWM Engineer; Lance at https://www.freelancedesigns.ca/
The Invent With Me Podcast
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The Invent With Me Podcast, where each week we help aspiring inventors and product creators to turn their innovative ideas into reality. Join us on youtube to have the ultimate show experience! www.youtube.com/@inventwithme
0:05
all right no intro necessary you already know what it is the invent With Me podcast and this is episode
0:12
49 the last episode of the
0:17
Season wow what a wild ride it's been and uh why would I take a break why
0:23
would I stop at episode 49 and not 50 well one I don't have OCD so I don't
0:29
give a what number I land on and two it's Black Friday and we're rolling
0:34
into Christmas what better time than to take a break and focus on my
0:40
business now what I want to talk about today is what I have learned after a year plus of
0:48
running and inventing podcast interviewed uh couple dozen
0:54
guests a lot of inventors couple entrepreneurs people to align to help
1:01
inventors in the space of inventing I've learned a lot learned a
1:07
lot about myself learned a lot about other people and I've learned a lot about this
1:14
industry uh so I guess those are the three topics I'll talk about today myself other people and the industry
1:21
what do I learn about myself oh I don't
1:28
know you know when you run an inventing podcast and you've been running a
1:34
business for four years you learn pretty quickly this is
1:40
not an inventing podcast not at all this is just a business
1:48
podcast because if you're an inventor and you're serious and you want to make money the only advice you need is
1:54
business advice inventing is such a tiny tiny
1:59
tiny tiny aspect of bringing a product to market
2:05
and making money and making a future for yourself and your family I've run into so many people
2:12
along this journey that all they want to do is invent and that's no surprise we've all seen the forums I have an idea
2:18
what about this what about that yeah I mean what about the iPhone 31 okay great
2:24
idea what about Disneyland 2 I'm going to make a better yeah great idea
2:32
how you going to execute it that's the only thing that matters I don't even care anymore if
2:38
inventions are really really good yeah it's a little bit more stimulating we have the Discord which you guys can sign
2:45
up uh to the patreon you can stay connected with me during the off season and
2:51
Beyond but we I've had people in there who've had good ideas bad ideas really good ideas the
2:59
really good idea is only get me like a few percentage points more inspired but
3:04
it always comes back to default are you willing to shoot videos are you willing to Market are you willing to even open a
3:10
Facebook Instagram Tik Tok and YouTube account you'd be surprised how often
3:16
they just kind of ignore that advice and I don't care you know everybody can do this differently I've
3:23
interviewed Craig mcmanis on episode 16 he has maybe one or two social medias
3:29
maybe he's got all four of them at this point but he's having someone else run them are you going to live the product
3:34
are you going to push the product or are you just going to live as an inventor
3:41
forever staying in the forums talking about 3D printing talking about molding
3:47
talking about sourcing bearings talking about CNC Machining talking about this
3:54
new the new toy you want to get to get you a little bit closer to inventing ing
4:00
your invention your invention's already invented you thought of it now make it
4:05
real and sell it so I think the subject was what have
4:12
I learned about myself so I think it's fair to say that I've learned that to
4:18
run an inventing podcast and to gain fulfillment from it
4:23
I have to convince a lot of people to stop inventing and start
4:28
running a business so I guess what I've learned about myself
4:36
is I have a lot of patience and I have a lot of guidance and I have a lot
4:43
of good advice to give people I think I've got a fair amount of
4:49
patience but you guys can probably tell
4:55
anybody who's running something like this who's interviewed enough guests
5:02
you don't get tired of repeating yourself but you do wonder how can we connect with people at
5:09
the at the entry and let them know pump the brakes you're probably not going to
5:15
license this if you do you're probably not going to make a few hundred bucks a
5:20
year how do we how do we inform them from the get-go that inventing is not inventing inventing is nothing inventing
5:28
is a fanciful madeup word when we think of inventors we think
5:35
of the great ones it's ones who ran businesses I've never seen a TED Talks
5:40
I've never seen a guest go on Oprah I've never seen a panel interview of the
5:47
great inventor of something who licensed that idea
5:52
out Jeff Bezos didn't license out his intellectual property as to how to
5:57
control the market in e-commerce he did it he ran a
6:03
business Elon Musk would appear on zero interviews is if all he did was patent
6:10
his new formula for bringing electric cars to Market he would just be another with an idea he never would have
6:17
licensed that someone would have worked around it and found a better way to do it he ran a
6:25
business so that's what I've learned about me is I have to gear the podcast
6:31
to make sure we're talking about the right things I love talking about inventing I love talking about
6:38
engineering it is so important in the first six months so
6:43
important but if it goes past a year you're not you're you're not you
6:49
don't have business Acumen you don't have your head on straight stop inventing stop engineering stop
6:56
developing stop what iing with your friends in the Forum and start
7:02
doing I've learned that I have a lot of marketing
7:10
Acumen I didn't have that in the beginning but I've learned at this point I do have a lot of marketing acument if
7:16
you go in our Discord the most popular Channel by far is rate my video everyone
7:21
is trying to Market so it only makes sense that I have a lot of marketing experience at this point is because it
7:28
is the most important thing in inventing
7:33
Far and Away I don't care what your goal is with the invention you're always selling it you're always selling
7:39
yourself I know that's a famous quote well you're always selling your invention and selling the most efficient way to do
7:46
that is to Market going door too and telling people about your great ideas is a horrible way
7:52
to spend your time that's what you pay salesmen to do that's why they sell vacuum cleaners door too
7:58
because no owner wants to do that but marketing that's passive sales that's
8:06
passive traffic marketing is creating a great video that does really well for
8:12
months and months being run as a meta ad so I learned that I do have a lot of
8:19
experience in that and I think that's one of the most valuable assets I can give people what's frustrating is
8:25
running an inventing podcast and realizing that the title of the podcast
8:31
shouldn't be invent with me it should be Market with me you know we could and then the next episode it shouldn't be
8:38
Market with me it should be build a $2 million business with me this is such a
8:44
multifaceted I think that's why inventing is such a small audience you guys see the numbers here in year one I
8:50
mean we're lucky to break a hundred views on a podcast on YouTube and then maybe a 100 downloads you know after
8:56
it's been public for a month it is so Niche yet it is so broad inventing
9:01
inventing inventing inventing you say the word enough it starts to not even make
9:08
sense I I kid around look guys I love this stuff inventing brought me out of a
9:13
dark place inventing brought me out of working for wages you know stuck at 80 grand a year
9:21
working under the hot sticky Los Angeles son I don't mean like Malibu I mean like
9:28
van eyes Los Angeles inventing is amazing but
9:34
inventing is not inventing inventing is running a
9:41
business what else have I learned about me I've learned not to
9:46
say um or so I'm not perfect at it but that's a
9:53
big part of being on camera right just not saying um or so that's a big part of
9:58
life you're you're working with a guy and you know you guys are about to present to
10:04
the boss and he's one of these guys who says um and he ends on a high note every
10:10
time and he almost ends every statement as if it's a question like he's trying to get permission from the boss to
10:17
propose this new idea um so right cut that stuff out
10:23
speak with confidence stay firm if you can't think of anything to say
10:32
silence is much more effective than
10:37
um so I learned that just by being prepared to be comfortable with silence
10:42
I can stop saying those words and that will give me a little bit more prowess when I'm having large scale meetings
10:50
when you get on a meeting with the buyer at Home Depot and every third word out of your mouth is
10:57
um they start to look at the watch they start to wonder when this torture is going to be over they start to wonder
11:02
who they're really talking to and you could have a ton of
11:08
experience you could have exactly what they want but you'll someone with a ton of
11:14
experience you know maybe you're 60 years old you've been selling into retail for
11:19
Generations it's going to you're going to make the deal no matter what someone like us where every little bit
11:26
counts I may not have experience but what we have is a product
11:33
that sells every day what we have is a product with a
11:40
high return on ad spend what we have is a solution to a problem people don't
11:46
know we have and we know how to educate them on the problem that they
11:53
have um and it looks really good in the package
12:00
so yeah so I learned that about myself it's
12:06
not hard to learn how to speak well it just takes uh uh getting used to getting
12:12
comfortable with hearing your own voice seeing yourself with not a damn thing to
12:19
say and not filling the dead air with um what I've learned about other people
12:27
we've touched on it a lot I have run into some
12:33
awesome awesome inventors what I've learn about other people especially people come on the
12:40
show who who sign up for Consulting through the patreon or who sign up for
12:45
the Discord people are really smart really really
12:53
smart I'm telling you right now half the people I consult and give advice to are
13:00
way smarter than I am now obviously that's subjective we all remember the kid in high school who
13:06
is smart but didn't apply himself therefore now he works security nothing wrong with being a security guard but if
13:13
you're acing the SATs and you're working as security guard sorry you're not smart
13:19
at all unless you just don't care about money and that's your own prerogative but I run into people who
13:25
speak better than me who have a better vocabulary than me who are better at
13:31
finding resources than I am who learn Fusion 360 and solid works in a matter
13:37
of a couple months something I tried and could not do people who are extremely
13:43
good at math people who can put the pieces together where
13:49
most myself included can't I explain things really literal to you guys
13:55
because I'm so dumb I needed someone in the beginning to literally
14:03
say Google this I needed someone in the beginning to literally tell me how much
14:09
money you can make your first week when you start posting on Facebook because I couldn't put the pieces together I
14:16
couldn't I mean I really this if you could go through my Google search four
14:22
years ago when I started this trust me I was much dumber than you
14:28
guys are starting this and I know this because I've interviewed you I've talked to you in Discord I've consulted with you one-on-one for hours and hours and
14:36
hours Eddie for example of the rap rabbit let me show that off really proud
14:43
of him rap rabbit awesome way to wrap your cables you guys have probably run
14:48
into him on Reddit or whatever we're a small community right this thing is awesome and I use it to wrap up all my
14:54
XLR cables stick your finger in there wrap it
14:59
up Eddie is extremely smart he learned Fusion 360 uh on his own accord when he
15:06
realized hey if I want a GSD get done I got to put up or shut up I can't
15:12
be relying on other people to do this stuff I could never do that I've learned that people are really
15:19
really smart very few people though and this is not Eddy anymore this is in general very few people are willing to
15:26
take their smarts and do the right thing with it I took a lack of formal education a lack
15:32
of kind of common sense if you will but still made something out of it
15:39
just with balls man most this is what I've learned about
15:44
people most people don't have balls and it's not that they're afraid of the work
15:50
it's that they're afraid of the failure most of the people I talk to are
15:57
men and women in their you know 30s maybe maybe they've
16:03
been working a job for six years Elena's difference she was at the beginning of her career but she
16:09
knows that she doesn't want to push pencils for another company she wants to
16:15
do her own thing she's running her own marketing company right now Elena has balls not
16:26
literally Eddie has balls Eddie's pushing his product he's posting
16:33
on social media every day he's putting himself out there he's writing copy everybody I run into has the mental
16:42
capacity and the wherewithal and the smarts to do this very few have the balls and balls doesn't mean you have
16:51
the balls to go on Shark Tank and face those that panel of seven and go through makeup and try not to be shaky and go
16:58
through production and go through that's that's high level balls I love those
17:03
balls but those aren't the balls I'm talking about the balls I'm talking about is putting yourself out there
17:09
making that first post opening up a Tik Tok account even though that sounds crazy to you that sounds like something
17:16
my 14-year-old niece would do well guess what grow some
17:23
balls and you're afraid to do these things because you don't going back to
17:28
the fact that we're all maybe in our 30s 40s 50s sometimes 60s we don't want to
17:35
be seen as trying to get something going it's embarrassing because we've done
17:41
this you know we've been a Apprentice we've been the greenhorn we've been the grunt we've been the Newbie and we work
17:49
through that and we put a lot of years into our career to be respected and to think about excuse me
17:57
chicken and beans to think about going back down to the bottom of the totem pole it freaks us
18:04
out makes our ball shrivel so that's what I've learned
18:11
about other people they're incredibly smart they just have to have the
18:17
gumption to take those smarts and turn them into something good this is not inventing is not
18:24
complicated it is not heavy in any one subject unless you're inventing
18:30
something you know in the stem area and you have to be a biology
18:36
wizard even then there's people to find to help you do that stuff you have to have the balls to be
18:46
resourceful Henry Ford couldn't even read you know I saw that in the
18:51
documentary it was a kind of an argument towards the end of it when he was facing a a court case the prosecution handed him a
18:59
document and he said I'm I'm sorry my eyes are just so watery from the pollen
19:05
out this window I I can't even read this I'm sorry can someone else you know and so a lot of moments like that and
19:12
obviously we didn't have recordings or video back then but that was the rumor and rumors stem from some form of Truth
19:20
you just have to be resourceful you think Elon Musk can
19:25
change a tire probably but you think he has the patience to
19:33
wind a 10,000 ft of copper around an electric motor and then run it through rigorous testing for weeks on end to see
19:40
what the loss is of the motor versus last year's motor no he he can't do that
19:46
he can find the right people to do it maybe you don't know anything about
19:52
chemistry when you're making your new supplemental drink your your new magic beans your new health potion there
20:00
plenty of people who did well in chemistry I was failing out while I'm watching Whiz Kids Next to Me Ace
20:07
chemistry find one of those bozos doesn't they don't cost much people will work for pretty damn cheap and you think
20:14
oh they make 200 Grand a year wow whiy do it's Couple Grand a week I can make that happen you can make
20:21
a couple Grand a week happen no problem and if it doesn't work out you fire them and you only lost five or six grand but
20:27
hey that's balls so that's what I've learned about other
20:33
people um I want them to focus focus on their balls all right so
20:41
what have I learned about myself other people what have I learned about business in
20:47
general well hey I think business in general can be summed up with one word money this is all about money I don't
20:54
care what anybody says yeah I invented something safer that saves injuries every day that's awesome but I pick that
21:01
because that would result in
21:06
money so when we have invention
21:12
ideas we say to ourselves this is a really good idea this could be used anywhere the market for this could be
21:19
huge we do a little Googling oh my God this is a $4 billion a year Market if I could just harness 1% of this Market I
21:26
would be don't never say that that's a quick way to sound really like a newbie
21:32
because you just you missed the plot getting 1% of the market that's
21:37
like saying oh this Market's so big it's going to be so easy to succeed don't ever say that nothing is
21:45
easy I don't know of any entity giving away jobs that pay $100,000 for someone
21:51
with no skills and no experience inventing is no different business acument running a
21:57
business is no different we're here to make money now in the
22:03
beginning we thought this is a great idea can be used anywhere it's a 4 billion doll a year industry so I would
22:09
really love to make a couple million dollars off of this invention and then cash out and that couple million dollars
22:15
will allow me to buy the nice house by the lake buy a boat brand new truck
22:21
Mercedes for the wife and we'll have nothing but the taxes to pay on our
22:26
homes and my wife will love me my kids will love me and everything will be hunky Dorian happily ever after and that
22:33
would be awesome that would be really cool but what it takes to get to that
22:40
exit exit means sale again I speak very literally because I had to Google this
22:45
stuff at one point exit means sale to get to the point where you're exiting
22:51
your invention your business to get to the point where
22:56
you're exiting your business for a couple million doll you need to be doing a couple million dollar in
23:04
sales if you have zero sales your business is worth zero if you spend a year trying to
23:11
license it with no sales you can hope to make a couple hundred doll after they
23:18
have sales how are they going to get sales they have to figure out how to Market it they have to push it they have
23:24
to live it they have to love it they have to obsess over it and they are not not going to do any of those
23:31
things they're going to make it for as cheap as possible they're going to slap it on their website and they're going to
23:37
M move a couple dozen units a week and no that is not enough to make
23:44
you any amount of money famous licensing deals crazy big
23:51
licensing deals happen when Apple has used a living crap out of a patent that
23:59
made their wireless network really intuitive and they finally decide we're
24:04
going to move on to a new one we'll license the old one to Samsung those are lucrative
24:09
multi-million dollar licensing deals something that's proven to make money
24:15
immediately your better mouse trap your better Contraption your tool to
24:22
make someone more efficient at a sport your medical device
24:29
idea that's all great you got to sell so much that to to to really make any money
24:35
off of it licensing or otherwise now let's go back you guys know I got a rant about licensing every episode why it led
24:42
me down a huge waste of time in the beginning of my inventing career because
24:47
I thought that's what inventing was was I have a good idea I'm going to license it I wasted months and money and time
24:55
lost income on this world of licensing if you're just an idea guy go
25:01
ahead try to license um get used to clocking in get ready to clock in Monday morning though
25:07
it's never going to be anything more than that where was I so oh exiting your
25:17
company I've never sold a company I've talked to plenty of people who have I've listened to plenty of podcast of people
25:23
who have basically when it comes to the value of your company or your invention
25:30
your invention has to become a company torque straps are
25:35
not worth anything on their own my company 17 Solutions LLC who's a DBA of
25:42
torque strap that company is worth some money that company is we're in November
25:49
of 24 we're at 1.3 million in sales I hope
25:54
to close out at about 1.5 million
26:00
that's gross sales you know and from there you knock off shipping that's a ton that's like a fifth you know so now
26:06
we're down to like 1 million you knock off employees couple hundred thousand which includes the insurance
26:13
and all that so A couple hundred thousand you knock off cost of good sold you know 200 more
26:20
thousand and then you knock off all your expenses this camera this desk this
26:26
microphone um gas shipping if you're riding off your vehicles if you're riding off your cell phone which is
26:34
great A benefit of running a business but at the end of the day it's a loss of money so after all this we went from 1.3
26:40
million down to about maybe $250,000 in
26:49
profit you can pretty much expect if you have maybe one one or two patents you can expect
26:56
maybe a 5x multiple on your profit possibly 10x multiple if you
27:02
have a really solid patent or maybe three patents you know I I have one
27:07
patent issued and one pending and let's say I have $250,000 in profit at the end
27:13
of this year I can get on one of the two or three websites where you sell your
27:19
business I can list these statistics I can be prepared to I I can give my
27:24
elevator pitch uh reference the website reference the data of the sales the
27:29
split between Shopify and Amazon I can reference all that and a company might offer me a 5x multiple on my profit
27:37
what's 250 Time 5 1.25
27:43
million uh and maybe they would cash me out and and give me 1.25 million and I
27:49
could I could be done and there's my payday then you pay taxes on that I don't know if it's capital gains I don't
27:55
know but you're going to pay taxes on it so you know maybe you're left with
28:00
900,000 and uh and that's it and they're going to go turn it into $30 million in
28:07
a pretty short amount of time because you did all the hard work you proved the product you you took away all the guess work you
28:15
you did it it's like running a marathon but stopping at 26 miles and not doing the last point two or three or whatever
28:22
the hell it is so how do you exit how do you you
28:28
make millions off of an invention you just sell a lot of
28:33
it you learn how to run a business no one wants to buy a business
28:40
that doesn't run my business is attractive right now
28:46
to me because look at what I'm doing right
28:51
now it's 1:30 on a Monday afternoon Black Friday is in four days
28:59
and I can spend the afternoon talking into a microphone like a jackass because I've designed my
29:04
business to run without me we're handling $1.5 million doll in sales and
29:11
what do I have to do today there's plenty I can do this is part of it and I'll shoot some viral videos after this
29:17
I'll go out in the driveway you know stuff like that but if one thing was on my plate today if one thing went wrong
29:24
if if just I had to handle returns today you know we're we're right now we're
29:29
getting 100 orders a day that's two returns a day and say they had piled up
29:35
on Stephen and he couldn't take care of the returns if I just had to take care of like apologizing to customers sending
29:41
them back their money and sending them shipping labels to ship the product back to me and then going to the warehouse
29:47
and inspecting them and seeing should we resell these or throw them in the
29:53
trash imagine trying to sell that business to an aggregator
29:59
or a large company yeah we're it's a great company we do 1.5 million in sales
30:04
yeah I make a ton of money as the owner oh great okay so when we buy it and you
30:10
go home and it's left with us what do we have to do well you just got to you know return 13 items a day pack out 81 orders
30:19
uh go through all your bookkeeping make sure your books are up to date go through your financing uh engineer products you know
30:26
work on engineering for about an hour a day you need
30:32
to I could go on and on you can't sell a business that doesn't run without you
30:38
that is not that's not an investment that's a job if they want a job they'll
30:43
just go get a job at the gas station right they want somewhere to park their money and watch it
30:50
grow so that's what I've learned about money it's not about buying this for $10 and selling it
30:57
for $30 and Grant keeps the 20 it's buy this for $10 sell it for
31:04
$30 and make sure the whole 20 goes back to work for you one new employee one new
31:11
piece of business software one new AI tool for customer service
31:17
whatever and plan on making money later now I took that probably too
31:23
far as I've said canonly in many podcasts but but now I'm in a position
31:29
where it's Black Friday 2024 my fourth year in business we're selling 7 to 8
31:35
Grand a day already it's November 25th Black Friday is in for four days we're already selling 7 to eight grand a day
31:41
that's 105 orders a day as I said probably an average of two two and a half returns per
31:47
day 100 torque straps getting put into boxes different variations skews some
31:53
people add on R TR adapters some people add on 20ft extensions some people want a mix of HDs M500 some people are
31:59
pre-ordering the pros and have lots and lots of questions about when they're going to get their Pros all this
32:07
happening systematically without me my guys know don't tell me about
32:14
anything I don't want to hear it the less I hear throughout the week or the
32:20
year the more I know you're doing your job and you're solving problems without involving
32:25
me that is priceless and at the end of the year when that
32:31
$250,000 in profit is sitting there I'm going to divvy it up I'm going to give the guys what they deserve because they
32:37
killed it they gave me i i this morning I worked out for an hour and a half I ate a bull of chicken at noon and we're
32:44
doing a podcast now I owe my employees so much for that they're you know
32:49
bonuses whatever I can do I don't know my numbers yet I haven't looked I got to call my account and say how do we do but
32:55
reinvest and pay the people you want want but anyway that 250 you give your guys some you give you
33:02
the rest so half this year I didn't take a paycheck I've told you guys that many
33:07
and many of times but why do you think I did that so I could ensure that at the
33:13
end of the year daddy comes home for Christmas with a big chunk of change
33:18
Mama's real happy kids are feeling good no money is not everything it's
33:24
it's arguably nothing in the scheme of things but it is life
33:33
lubrication you know use it use it abuse it money make of the world go
33:40
round so these are the things I've learned about myself about people about running a business
33:48
look inventing is going to change your
33:53
life go back and listen to the episodes during this break the truth is all
33:59
there a lot of people ask me very specific questions that we've addressed and I get it I look there's a handful of
34:07
podcasts that I listen to and I cherry-pick episodes and then I go in the comments
34:12
and ask the stupid questions I get it guys this isn't your life this is my life I'm just here to remind
34:20
you that all the answers are there I I I and Marcus started this podcast when we
34:25
were very young very vulnerable we've gone through everything you're thinking
34:31
about trying now every bad video idea you're thinking about trying every
34:36
Kickstarter you're thinking about campaigning and running we've gone through that and we've documented it
34:41
very very well on the podcast so take the time go back through
34:50
it get comfortable with it let it soak think about it and come
34:58
back next season ready to kick butt now what I want you guys to do for all my final listeners listening to this sign
35:04
off is leave comments about what you want to see on season
35:10
two send me an email invent podcast
35:16
gmail.com uh leave a YouTube comment whatever it is what do you want to see
35:21
in season 2 because we there's podcast out there I think it's called inventors
35:27
helping invent and for years guy sounds great I don't know him
35:32
but he sounds great but for years he's been bringing on an inventor asking them
35:39
two or three questions pretty much all based around patents and then on to the next one and
35:48
he can do that forever and he Pro from the sound of it he will I think he's also selling some licensing
35:55
course there's always an agenda we sell nothing here the patreon I currently I
36:00
make $212 a month off of patreon right there's not a lot of money to be made
36:06
here this is not why we do this uh could I make more yeah if I made it my life and if I lied to you guys if I lied to
36:13
you about how fun licensing is and how it's going to change your life and one simple idea can turn you
36:21
into an inventor but no your one simple idea
36:27
must turn you into a business owner you must learn the ins and outs of it if you don't know
36:33
how find the people who do be resourceful remember the balls
36:39
motivational speech yeah get after it I mean I don't
36:46
know I don't know episode 49 this is
36:55
it I mean it's a bummer I'm at 37 minutes I got nothing left to say but
37:01
that's the reality of this subject we've divulged as much as I know to without
37:09
really creative redirection of the show which I'm counting on you guys for uh there's not much left to say we
37:16
can be redundant we can keep on interviewing inventors and going through the process it's pretty simple I had an
37:22
idea I prototyped it in my garage I found somebody who knew how to 3D print I got on Alibaba had it manufactured I
37:29
had one bad you know a bad shipment come and I remedied it and I ate it and then
37:35
I learned how to shoot social media videos I went viral on social media I started running that as an ad and now I make four grand a day that's the
37:42
formula some of the inventors that come on they do it wrong some do it right that's the that's the formula that's
37:49
it no this is not about Home Depot no this is not about Lowe's no this is not about Best Buy no this is not about
37:55
someone bigger than you smarter than you better than you coming and sweeping you off your feet like Richard Gear you
38:01
ain't pretty woman you're just another inventor until you
38:11
sell it's just an idea all right guys I want to thank you all from the bottom of
38:17
my heart you guys know who you are my die hards you've given me such an
38:24
outlet and a place to document this stuff I listened back to old episodes and I
38:30
can't believe the stuff that was coming out of my mouth not because it was wrong but because it was so virgin it was so
38:36
young it was so timid it was so scared I could hear
38:42
it all in my voice and you give me a place to be vulnerable vulnerable about that and and give it to you and I and
38:50
look you you filled my heart with warmth you've shown me that you're listening
38:55
you've shown me that you care he a lot of you have signed up for the Discord which is just amazing to me that $200 a
39:02
month means more than eight grand a day in sales I can tell you that as a fact
39:08
I'll brag to my wife I got another Patron six bucks a month cool you said you said six six $6.0 per
39:17
month yeah yeah yeah isn't that great yeah don't you run torque strap well yeah yeah I do that
39:22
too anyway thanks guys listen uh if you're on YouTube like and subs subscribe if you're watch listening on
39:29
Spotify apple or other follow the show give it a rating remember Marcus myself all the
39:38
great inventors who have come on the show we took the punches so you don't have
39:43
to take care guys and I'll see you next year