What's new

Monetizing a foreign patent

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

4x4ord

It's all about freedom
LEGACY MEMBER
Read Fastlane!
Joined
Sep 28, 2015
Messages
97
Rep Bank
$780
User Power: 208%
This summer the news, youtube and US blogs blew up about a new gadget from Europe. The gadget is patented in the manufacturers country in Europe.

I searched to buy this product because I wanted one for myself, but found that only one retailer in the US has picked it up. It hasn't hit Amazon or ebay. Aside from that, the manufacturer is pushing social media hard and directing sales to their website. Their site says that they are out of stock for the foreseeable future.

So, this got the gears in my head turning. For the sake of speed, I already started a conversation with a Chinese manufacturer and sent them a sketch of my own rendition of the design. First things first is to see the margins. Maybe I can get to market before it floods and the bottom drops out of the prices.

What I'm questioning is whether or not patent issues with the manufacturer could come up. From what I understand, patents are regional. If it is manufactured in China and sold in the US, I don't see infringement issues with their patent. I plan to sell on Amazon, so I'm not sure if that could kick up foreign patent issues.

Anyone have any specific insight on this topic?
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom