But on the other hand, some patent holders are able to generate funds from their patented products, makd by selling their patent altogether. But sometimes, the work and expenses that go along with marketing and selling items can be too costly or overwhelming. In this case, you can consider selling your patent to an interested buyer — often times research and development companies or larger companies looking for new, similar products. An interested patent buyer may approach you, or you can consider approaching them with your patented product. If your patent is just gathering dust, licensing your product can be a great way to recoup your losses or make a fortune. In some cases, you may not be willing to let go of a patent, but still want to make money from an interested buyer. You are omney your legal rights to license use of your innovation to companies or individuals, which allows them to use or sell your product, all the while generating money for you called royalties. Licensing is a ...