How Do You Know You Have a Good Idea?

Is your idea good? How do you know? How does anyone know when they have a good idea? Product licensing expert Stephen Key explores this topic and explains why he doesn't believe you ever really know you have a good idea at the beginning. And you probably shouldn't believe anyone who insists they have all-knowing powers of insight into whether your product idea is good!

That said, there are indicators that a nearly finished or finished product will be a success, and that often comes down to the details — the experience of the product. When MicroPuzzles landed on Stephen's desk because the entrepreneurs who make them are a fan of his advice, he was totally blown away and impressed by the product and its packaging. He explains in detail why he thought it was a good idea, and why he decided to reach out to his longtime mentor Steve Askin, who is a product scout and a very successful entrepreneur in his own right.

Learn more about MicroPuzzles: https://micropuzzles.com/
Learn more about Steve Askin: https://youtu.be/fQnIzF4Dn_w

Go deeper into the topic of how you test and evaluate your ideas for products with Stephen: https://www.inventright.com/deepdive

Stephen Key and Andrew Krauss are the world's leading experts on how to license a product idea. If you have an invention idea, this is the show to watch. Steve and Andrew are the cofounders of inventRight, a coaching program that has helped people from more than 60 countries license their ideas for new products. Visit http://www.inventright.com for more information and to join the one-one-one coaching program.

If you have questions about how to invent, how to be creative, design, how to do market research, prototyping, manufacturing, negotiating, pitching, how to sell, how to cold call, how to reach out to open innovation companies, licensing agreements, non-disclosure agreements, patents, copyright, trademarks, and intellectual property in general — subscribe to inventRightTV! New videos every week, including tons of entrepreneur success stories.

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Contact us at #1-800-701-7993 or https://www.inventright.com/contact.

This is the book you need to license your product idea: “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: http://amzn.to/1LGotjB.

This is the book you need to file a well-written provisional patent application: “Sell Your Ideas With or Without a Patent.” Find it here: http://amzn.to/1T1dOU2.

Determined to become a professional inventor? Read Stephen's new book "Become a Professional Inventor: The Insider's Guide to Companies Looking For Ideas": https://www.amazon.com/gp/product/1653786256/

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