Patents explained – How to make money with a patent

Patents explained – How to make money with a patent

HomeEvan CarmichaelPatents explained – How to make money with a patent
Patents explained – How to make money with a patent
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http://www.amara.org/en/profiles/videos/Evan%20Carmichael/

/"Hi Evan, recently discovered your YouTube video helping young entrepreneurs. I must say they hit the mark. I myself have developed a patent, it has gone through all the patenting processes, etc. However, the thing is that in order for my product to work, I need to do mass production and capture the market as much as possible. My product is not expensive, but buying/manufacturing so many units is very expensive. And buying only small quantities would not be cost effective. What would you suggest as the best solution: sell my patented product (with working samples and proven concepts) or try to get more investors or try to create a franchise to reduce the capital required to start the business. I just want to know what if I sell it, the best approach would be to sell it to an already existing company in the same industry?
Frans Jaco Willemse/"

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