First thing you want to do is look carefully at the patent and see performs this patent really describe the same my idea does. Or even, or not exactly, you will want to consult a patent lawyer to see if you can patent for this existing patent and get reasonable protection.
What if someone else patented your idea exactly? You want to check to see if the product is available. Look online and stores to find out if you'll find it. Otherwise, contact what they are called or company on the patent. Question them if they are selling their product or if they've got licensed their patent. 97% of patents never make money, so there is truly a good chance which they aren't selling or haven't licensed this product.
Before we go any further, we ought to speak about why 97% of patents never generate income. Large corporations make an application for and receive many patents that they never want to pursue or aren't sure that they are going to pursue, which makes up about point about this 97%. There's also patent trolls who apply for patents to later sue others, that also is the reason point about this number. However the primary reason that most patents don't generate income is because it is sometimes complicated to bring an item to advertise. Inventors who don't look for help might have a very hard time because so many inventors work great about discovering creative new means of doing things but are really bad at running a business or learning how to generate a sales network. Therefore if a patented idea didn't generate income, that will not indicate the thought isn't good. Maybe the business behind the idea was run poorly or the product wasn't formulated and packaged in a way that would excite customers. This is important to remember and there's great instance of this below.
Therefore if the inventor or company indexed by the patent says they aren't selling the item with no other person has licensed the idea, inform them that you might be interested in licensing the thought from their store. Before you consent to anything, be sure you have inked your research. You must know in the event the market opportunity is large enough to support the product of course, if people will feel the method is a good solution (if you need assistance with this, we are able to provide you with Consulting or Invention Evaluations). In the event the product has got the potential, start licensing negotiations together. It is impossible to express in an article what terms to exercise, if the idea is practically prepared to bring to market, you need to pay them back more, if the idea is merely in writing, you ought to pay them less.