Thread by @Patent_assoc

Why isn’t everyone starting a six figure patent monetization side gig?

If I was broke & hungry, here’s how I’d start raking in that #patenttroll dough with NO start up costs: 🧵🧵🧵

(1) find your niche: go to a local university website, find their engineering department, and look for “recent publications”

Do this for at least 5 schools.

Don’t actually read the papers, just save the abstracts to a word doc

All these papers are about something - and that something? It can be turned into cold hard cash 🤑

Make a list of the 5 biggest and most valuable topics from all those papers

(2) write your patents

Feed #ChatGPT all those abstracts you saved and use it to write a bunch of patents on new, interesting technology

(3) file with the PTO - did you know you can file a patent for just $64?

That’s right! If you qualify as a “micro-entity” (you’re broke, so you probably do), it only costs 10 Starbucks lattes to file a patent.

(4) sue people - this is the real key to this side hustle, and it’s the industry’s best kept secret:

Lawyers will sue people for a “contingency fee,” meaning you don’t have to pay for a lawyer, they only get paid when you win 👨‍⚖️

That’s right, you can assert all those patents you wrote FOR FREE, and lawyers will do all the hard work 💰#smarterNOTharderr

All you do is sit back and rake in that sweet sweet settlement cash

Reinvest your settlement winnings in new patents - maybe even buy the full articles this time (NOT NECESSARY)

This business model is simple, requires almost NO upfront investment, and can create MASSIVE returns.

Follow my substack for more genius side hustles 🔥🔥🔥