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September 1, 2006, Newsletter Issue #30: Royalties on Inventions
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Tip of the Week
The percentage of royalties paid to inventors for their inventions can vary from as low as 1-2 percent to as high as 15-20 percent depending on several factors that include the size of the industry, market and manufacturer. An average royalty though is around 5 percent.
Often, a large and well known manufacturer might offer a smaller percentage than a smaller manufacturer. But if that larger manufacturer can bring greater brand recognition, distribution and customers to the mix, the smaller percentage could end up equaling a larger amount of money.
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Exclusive Sponsor
This weekly Invention Tips newsletter is brought to you by InventHelp, "The Invent Help People," America's leading inventor service firm. InventHelp can assist you in trying to submit your invention or new product idea to companies, as well as help you obtain affordable patent services. To request more information, visit www.inventhelp.com or call toll-free 1-800-INVENTION.
