Sources of Revenue
Invention promotion firms generally make their money from fees charged to clients for services. These fees normally must be paid up front and a customer may be told that they may have very little time, such as three days or less, in order to make a decision. Invention promotion firms may also receive a portion of their fees as a share of the royalty that an inventor earns on his or her invention. The total fraction of an invention promotion firm’s revenue obtained from royalties, however, may be less than 1%.
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Famous quotes containing the words sources of, sources and/or revenue:
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—Harriot K. Hunt (18051875)
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—Anthony Trollope (18151882)
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—Bible: Hebrew, Proverbs 3:13-18.