Whether in the form of a webcast, podcast, or YouTube video, digital media offers great vehicles for marketing your intellectual property licensing opportunity. The key is figuring out which form or combination of forms best suits your IP.
Digital media helps bring the intellectual property to life as opposed to a one or two page data sheet with an image or two. A well-done video and/or audio makes it a dynamic presentation and helps the audience understand how the IP works.
Potential licensees can get more details, see the IP ‘in action,’ and hear directly from the IP owner, allowing them to quickly determine if the IP fits their needs. In addition, digital media is a cost-effective method of IP marketing. A short five-minute video can save you hours on the phone with potential licensees explaining the IP.
Figuring out whether to present your intellectual property through audio (podcast), video, or both (webcast) depends on the IP. For example, video is great for IP that requires physical demonstrations, such as a new product or software.
The IP must be in a prototype stage and have something tangible to show. If the IP is in its early development stage, and there is nothing tangible to show, then audio (podcast) would be a better format. This format let’s you present the IP and how it fills a valuable need or offers a solution for an industry or market.
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Rand Brenner is an IP professional whose passion is helping inventors, startups, and businesses of all sizes use licensing to turn their IP into income-producing products, services, and technologies. His decades of experience run the gamut from medical devices to food technology to consumer products. He’s licensed some of the biggest Hollywood entertainment blockbusters including the Batman Movies (1 and 2), and the number one kid’s action TV show, the Mighty Morphin Power Rangers. Rand speaks about licensing and is a featured speaker at investment conferences, trade shows, colleges and startup events. He’s a published writer with articles appearing in several prestigious trade magazine including The Licensing Journal, Intellectual Property Magazine, and License India. Rand also mentors at the Cal State Fullerton School of Business and Economics and is a judge for their startup business plan competitions.