How to Make Money with Your Invention Idea with Brian Fried

The Daily Mastermind

This episode of the Daily Mastermind is a conversation with Brian Fried, an inventor, entrepreneur, public speaker, and the founder of Inventor Smart. With 15 patents and multiple licensed products to his name, Fried shares his journey from recognizing his inventing potential by observing everyday annoyances to becoming a successful inventor. The conversation delves into the process of taking ideas and transforming them into tangible, marketable inventions, highlighting the importance of research, prototyping, patenting, and understanding the market opportunity. Fried emphasizes the significance of trust, making informed business decisions, leveraging intellectual property, and the challenge of navigating emotional attachment to ideas. He offers actionable advice for inventors at any stage of their journey, stressing the potential for anyone, regardless of their background, to bring their ideas to life.

01:30 Unveiling the Inventor's Journey: Brian Fried's Story

04:31 From Balloon Band to Paper Towel Innovations: Brian's Inventions

07:39 Turning Ideas into Reality: Advice for Aspiring Inventors

09:58 The Business of Inventions: Building and Protecting Your Ideas

14:13 Understanding Intellectual Property: Patents, Trademarks, and More

18:47 Decoding Trademarks and Intellectual Property

20:13 The Power of Domain Names and Trademarks

23:32 Navigating Challenges in Intellectual Property

24:03 The Importance of Trust and Due Diligence

27:48 Strategic Advice for Protecting Your Ideas

“It’s Never Too Late to Start Living the Life You Were Meant to Live” George Wright III

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About Brian Fried:

Brian Fried, “The Inventor Coach,” ignites innovation. A dynamic innovator, author, and speaker with 15 patents to his name, Brian has transformed ideas into licensed products and successful ventures seen on QVC, in infomercials, and on the shelves of major retailers. For over 18 years, he has guided inventors from concept to commercialization as a dedicated invention licensing agent.

Brian engages audiences with insightful talks on innovation, sharing his expertise with budding inventors, corporate teams, and agencies. He is the author of three books packed with actionable advice for navigating the invention landscape. Additionally, through his online platform, InventorClass.com, he offers a comprehensive 3-hour eLearning course that provides DIY guidance for inventors at all stages of their development.

As the founder of the National Inventor Club, Brian hosts monthly livestreams featuring guest speakers who explore various aspects of the invention process, offering both inspiration and practical advice. In October 2023, Brian launched the Inventor Smart Community app, a groundbreaking platform designed to enhance networking, collaboration, and social media engagement among inventors. Available on Google Play and the Apple App Store, this app enables inventors to connect, share ideas, and access a wealth of resources, furthering Brian’s commitment to empowering global innovation.

Guest Resources:

LinkedIn Page: https://www.linkedin.com/in/brianfried

Facebook: https://www.facebook.com/brian.fried.39

Website: https://brianfried.com/

YouTube Channel: https://www.youtube.com/channel/UCHMzAuup-pvZSPOvwirZqY

About George Wright III:

George Wright is a Proven, Successful Entrepreneur- and he knows how to inspire entrepreneurs, companies, and individuals to achieve Massive Results. With more than 20 years of Executive Management experience and 25 years of Direct Marketing and Sales experience, George is responsible for starting and building several successful multimillion-dollar companies. He started at a very young age to network and build his experience and knowledge of what it takes to become a driven and well-known entrepreneur. George built a multi-million-dollar seminar business, promoting some of the biggest stars and brands in the world. He has accelerated the success and cash flow in each of his ventures through his network of resources and results driven strategies. George is now dedicated to teaching and sharing his Prosperity Principles and Strategies to every Driven and Passionate Entrepreneur he meets. His mission is to Empower Entrepreneurs Globally to create Massive Change and LIVE their Ultimate Destiny.