How do people earn money from patents?
If you have a marketable invention and a marketable patent, there are a variety of ways that a patent can be used to generate revenues. As the exclusive holder of the technology, a patent owner can exclusively manufacture, sell and use the technology. Some patent holders sell products directly to the public. Some patent holders manufacture their patented product and send to others to handle sales and distribution. Other patent holders may choose to license the patent for a royalty, which may be per unit, or based on a percentage. Some patent holders may sell the patent application outright based on the patent’s fair market value.
