Step 1 involves searching for manufacturers that might be interested in your invention. When locating manufacturers to send your marketing letter to, you should search for companies who already make products similar to your invention.
You should attempt to locate at least 20 to 100 manufacturers in the field of your invention. There are four places you can search for potential licensees:
You should have no problem locating 20 to 100 manufacturers with these resources -- for free! After locating 20 - 100 manufacturers that would potentially buy or license your patent rights, you should then rank the manufacturers into a list based upon which manufacturers you want to approach first.
You should also contact the companies and ask if there is a specific person or department you should mail you marketing letter to. The second step is to prepare your Marketing Letter.
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