Frequently Asked Questions
What Does PWM Do?
In order to determine if your patented product is marketable, we will need to complete our product review. We do not charge for the review because we first need to determine if we can assist with the marketing of your patent. Depending on the complexity of your product, the review can take approximately 3-4 days to complete. All of the information we gather during the review will be shared with you.
The product review consists of our directors compiling a competitive analysis to determine if there is in fact a market for your product. We can never promise you that we can assist with the marketing, but we can promise to provide an unbiased professional opinion. If for some reason the product is not selected, please do not take it personally; although the company was founded on the idea of helping inventors, there are many factors to take into consideration when selecting a patented product to represent.
Are There Costs to get the Product Licensed?
There’s no sugar coating, licensing can be a long road. We’re thankful to have secured agreements in as little as (1) Month, however this is most certainly not always the case as we’ve had many others take us (2) years.
With no product being the same, it’s nearly impossible to gauge how long it can take until a product is licensed and making money until we do a full deep dive on the product itself, the market, patent coverage, and timing of the industry.
If PWM has any doubt the product will not make it after our initial review, it will not be something we’re willing to represent. Although this road can be a long one, our outlook on that is:
Stay Patient and Persistent and A Good Product will make it.
99% of what we do is help inventors in bringing their products to market. Pacific World Marketing can help you take your patented ideas to the next level.
“We didn’t invent marketing, we just perfected it.”
As one of the top successors in the Patent Industry, we focus on working only with marketable ideas and helping inventors obtain a license agreement.
Is My Patented Product Marketable?
It’s no secret that in any business the goal is to keep your overhead as low as possible, unfortunately in every business there is always an overhead.
Your patent is your business. Although you never have to do anything, IF you want your business to thrive and be successful, like anything else, there will be money involved. If you speak with one of our Directors, they will explore the different options and how we can help you with your overhead and/or upfront costs.
