The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

How to license another companies technology?

Remove ads while supporting the Unscripted philosophy...become an INSIDER.


Bronze Contributor
Read Millionaire Fastlane
Speedway Pass
May 24, 2013
New Jersey
Hey guys!

The question is in the headline but frankly, I don't even know if I'm asking the right question. Maybe you guys can help point me in the right direction for a little research adventure?

I'm developing a product that has a widget stitched inside of it... The only problem is that the widget that I've been using has been a complete piece of dog sh*t. My manufacturer can't seem to get it right and at this point, I don't have the expertise to help them any further (regardless of the engineers I've hired to help me help them).

The widget that goes inside of the product is already being created by another company... My whole idea came from me buying their product and thinking "Hm... that's cool... but it'd be cooler if I took it and put it in one of these!" - bam my creation was born.

So. What is it called for me to ask them if I can use their product in my product for a fee? That's licensing, right?

If it is do you guys have any idea how to approach companies to make it happen? My plan as of now is just to blast them from all angles - cold calling, email, linkedin, etc.

Another issue is that they could pretty easily rip the idea off. I don't know that it'd be worth their time to - buuuttttt they could without a doubt. Any advice?

I started this thread with the intention of only asking a single question... sorry for the three additional ones. ¯\_(ツ)_/¯

Don't like ads? Remove them while supporting the forum. Subscribe.

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Fox' Web School's "Legend" Group Coaching Program 2020
This year has been quite crazy so far, and a lot of people have reached out to ask me if web...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
Got it several weeks ago and have listened to it several times now. I've definitely met both...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Just got off the phone with @LightHouse. Having just a 45 minute conversation with him has...
  • Sticky
MARKETPLACE Kill Bigger Incubator
@Kak Out of curiosity, what types of businesses are you advising on? (I read this whole thread...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Just bought 5 of your Upwork courses. Thanks for making valuable content Lex!
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
Thanks for your offer to look at my book. Here's the link to the squeeze page Buy The Prosperous...

Forum Sponsor


Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom