Brokers

Hello,
What is the role of a broker and how much of a % do they generally take from the inventor?
Thank you for your time
Sally Hopkins

Hey Sally!! How are you??

There is no simple answer for this because depending on the product and the product category, brokers (or licensing agents as they are called) can request anywhere from a few percent to as much as 50% of the royalties that are generated from the sale of your product! A broker's role is to represent your product to corporations who are capable of doing a licensing deal and to get the deal done!

Hope this helps!!

jim