As an International Patent Examiner, your unique skill set in assessing and protecting intellectual property can open doors to lucrative side hustles. In this blog post, we’ll explore 10 diverse and promising side hustles that leverage your expertise while providing the potential for significant extra income.
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Travel Website for Sale | Potential Profit: 5000$/month
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Description: Fully Automated Travel Website – Hotels, Flights, Cars – $200/day Potential
Huge Profit through travel affiliate programs (Flight, Hotel, & Rental Car). Start an online business with this gorgeous, professionally designed, affiliate travel website. It is a powerful travel comparison website that allows users to find the best prices for hotels, flights, and car rentals. This type of website is currently very popular as more people try to save money when booking their next vacation.
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How to Start: You can build a website and online business from scratch or go with a readymade solution provided by Sitefy.
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Investment: 99$ to start the website.
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Skillset & Learning: No skillset required. Basic skills are required that can be learned in a couple of hours.
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Success Rate: Moderate to high, reliant on the monthly traffic to the website.
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Pros & Cons: It takes very little time to start this online business and ROI is the highest among all the businesses mentioned.
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Market Size: Globally, travel and tourism directly contributed approximately 2.9 trillion U.S. dollars to GDP
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Whom to Hire: You can hire developers, designers and marketing experts from different freelancing platforms or you can go with a readymade all-in-one solution.
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Where to Hire: Freelance platforms, specialized tech companies.
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Biggest Source of Marketing: Organic Traffic across the globe.
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- Patent Writing Consultant:
- Description: Assist inventors and businesses in crafting well-written patent applications.
- Earnings Potential: $50 – $100 per hour.
- How to Start: Gain additional knowledge in patent writing through online courses or workshops.
- Investment: Minimal investment required for professional development.
- Skillset: Strong knowledge of patent law, excellent writing skills.
- Skillset Learning: Enroll in specialized patent writing courses or workshops.
- Success Rate: High, especially with a solid understanding of patent writing guidelines.
- Pros and Cons: Pros include flexibility; cons involve potential legal complexities.
- Market Size: Growing, with an increasing number of inventors seeking professional help.
- Hiring: Consider partnering with legal professionals for legal aspects.
- Patent Illustration Services:
- Description: Create detailed illustrations for patent applications.
- Earnings Potential: $30 – $70 per illustration.
- How to Start: Acquire software skills for patent illustration.
- Investment: Moderate for software and training.
- Skillset: Proficiency in graphic design tools.
- Skillset Learning: Online graphic design courses and tutorials.
- Success Rate: Moderate, with demand for quality illustrations.
- Pros and Cons: Pros include creativity; cons involve competition.
- Market Size: Steady, with a consistent need for visual representation in patents.
- Hiring: Graphic design professionals may be needed as workload increases.
- Patent Search Services:
- Description: Offer comprehensive patent searches for inventors and businesses.
- Earnings Potential: $40 – $80 per search.
- How to Start: Enhance search skills through specialized courses.
- Investment: Low investment for online courses and software.
- Skillset: Strong research and analytical skills.
- Skillset Learning: Attend patent search workshops or online courses.
- Success Rate: High, with accurate and thorough searches.
- Pros and Cons: Pros include intellectual satisfaction; cons involve time commitment.
- Market Size: Growing, as inventors seek thorough prior art searches.
- Hiring: Collaborate with researchers or legal professionals.
- Patent Blogging:
- Description: Share insights on patent law, innovation, and industry trends through a blog.
- Earnings Potential: $500 – $1,000 per month (monetized through ads and sponsorships).
- How to Start: Create a blog and develop a unique angle or niche.
- Investment: Minimal, for hosting and domain registration.
- Skillset: Writing, SEO, and basic marketing skills.
- Skillset Learning: Online courses in blogging and content creation.
- Success Rate: Moderate, with consistent content and promotion.
- Pros and Cons: Pros include creativity and flexibility; cons involve building a readership.
- Market Size: Expanding, as interest in intellectual property grows.
- Hiring: Freelance writers for additional content creation.
- Patent Coaching Services:
- Description: Guide inventors through the patent application process.
- Earnings Potential: $50 – $150 per hour.
- How to Start: Develop coaching skills and create coaching packages.
- Investment: Low investment for coaching certification.
- Skillset: Communication and coaching skills.
- Skillset Learning: Attend coaching certification programs.
- Success Rate: High, with satisfied clients and successful applications.
- Pros and Cons: Pros include helping others succeed; cons involve time commitment.
- Market Size: Growing, as inventors seek personalized guidance.
- Hiring: Administrative support for scheduling and communication.
- Patent Review Services:
- Description: Offer expert reviews of drafted patent applications.
- Earnings Potential: $60 – $120 per review.
- How to Start: Stay updated on patent law changes and market demands.
- Investment: Minimal, for continuous education and marketing.
- Skillset: Detailed knowledge of patent laws and regulations.
- Skillset Learning: Attend legal seminars and workshops.
- Success Rate: High, with accurate and insightful reviews.
- Pros and Cons: Pros include honing legal expertise; cons involve potential liability.
- Market Size: Stable, with law firms and inventors valuing expert opinions.
- Hiring: Collaborate with legal professionals for additional reviews.
- Patent Translation Services:
- Description: Translate patent documents for global clients.
- Earnings Potential: $0.10 – $0.25 per word.
- How to Start: Gain proficiency in relevant languages and legal terminology.
- Investment: Moderate for language courses and legal translation tools.
- Skillset: Fluency in multiple languages, legal translation skills.
- Skillset Learning: Language courses and legal translation workshops.
- Success Rate: Moderate to high, depending on language proficiency.
- Pros and Cons: Pros include global reach; cons involve maintaining accuracy.
- Market Size: Expanding, with increased international patent filings.
- Hiring: Collaborate with professional translators for additional languages.
- Patent Monetization Consulting:
- Description: Assist inventors in monetizing their patent portfolios.
- Earnings Potential: Commission-based, percentage of successful monetization.
- How to Start: Build a network in the patent industry and stay updated on market trends.
- Investment: Low investment for networking events and market research.
- Skillset: Business development, negotiation skills.
- Skillset Learning: Attend business development workshops and networking events.
- Success Rate: Moderate, contingent on successful monetization deals.
- Pros and Cons: Pros include potential for significant earnings; cons involve market volatility.
- Market Size: Steady, with inventors looking to capitalize on their inventions.
- Hiring: Legal professionals for contract review and negotiation.
- Patent Event Planning:
- Description: Organize events, workshops, and conferences related to patents and innovation.
- Earnings Potential: $1,000 – $5,000 per event.
- How to Start: Develop event planning skills and create a network in the patent industry.
- Investment: Moderate for event planning courses and initial event expenses.
- Skillset: Event planning, networking, and marketing skills.
- Skillset Learning: Event planning courses and workshops.
- Success Rate: Moderate, contingent on successful event execution.
- Pros and Cons: Pros include networking opportunities; cons involve event logistics.
- Market Size: Growing, as the patent industry values knowledge sharing and networking.
- Hiring: Event staff for logistics and coordination.
- Patent Licensing Brokerage:
- Description: Connect patent holders with potential licensees for their inventions.
- Earnings Potential: Commission-based, percentage of successful licensing deals.
- How to Start: Build a network in the patent industry and understand licensing trends.
- Investment: Low investment for networking events and market research.
- Skillset: Negotiation and business development skills.
- Skillset Learning: Attend licensing and negotiation workshops.
- Success Rate: Moderate to high, contingent on successful licensing deals.
- Pros and Cons: Pros include potential for significant earnings; cons involve market dynamics.
- Market Size: Steady, with inventors looking to monetize their patents through licensing.
- Hiring: Legal professionals for contract review and negotiation.
These side hustles offer diverse opportunities for International Patent Examiners to leverage their skills and expertise, providing both intellectual satisfaction and additional income. By exploring these options and tailoring them to individual strengths, patent professionals can unlock new avenues for professional growth and financial success.
