Patent Monitoring & Watch Service
Monitor patent databases for new patents and potential infringements
Overview
Patent monitors generate $80,000-$600,000 annually with 80-95% margins.
In 2025, monitoring competitive patents informs strategy.
Revenue from patent watch services ($200-$2,000 monthly per client), competitive patent monitoring ($300-$3,000 monthly), patent citation tracking, technology landscape monitoring, infringement alert services, and custom monitoring reports.
Successful services use patent monitoring tools and software, track new patent publications, identify relevant patents and technologies, alert clients to competitive developments, and provide monitoring analysis and insights.
Companies with patent portfolios, R&D organizations, and patent attorneys as clients.
Marketing through patent attorney networks, R&D and IP departments, patent monitoring expertise, alert systems and reporting, and technology tracking.
Required Skills
- Patent Monitoring Tools
- Patent Searching
- Alert Configuration
- Technology Tracking
- Analysis & Reporting
- Patent Classification
Pros and Cons
Pros
- Recurring monthly monitoring revenue
- Leverage monitoring software and automation
- Help clients track competitive IP
- Can serve multiple clients simultaneously
- Growing patent activity to monitor
Cons
- Patent monitoring software costs
- Need critical mass of clients for revenue
- Competitive patent information services
- Must provide valuable insights beyond raw alerts
- Client retention depends on value delivery
How to Get Started
- Invest in patent monitoring tools and software
- Develop monitoring and alert processes
- Build monitoring report templates
- Market to companies and patent attorneys
- Set up monitoring for client technologies
- Track new patents and competitive developments
- Deliver monitoring alerts and analysis
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