Make your mobile page for Product inventors and convert leads into revenue

It all depends on the industry, the company, and the idea itself. For many consumer product goods, speed to market is more powerful than intellectual property. That said, there are still plenty of companies that would like for you to have filed some intellectual property.

Yes. But you must be careful. Many companies actively seek out innovative ideas from outside sources to improve their products, services, and operations. However, the process of monetizing your ideas can be complex and varies depending on the company and industry.

The first step in selling your idea is to gather as much information as possible. This involves knowing the market or markets in which your idea will be most valuable. Once youve identified where your idea can have the most impact, compile data on similar solutions.

They are: Conceptualize Your Invention And Prepare Yourself. Document Your Idea. Perform Product Market Research. Design your Product. Manufacture a Prototype. Apply For A Provisional Patent. Find a Manufacturer (Optional if Licensing) Sell/License Your Product.

Steps to Selling Your Idea Research your market. Make sure the legalities are on the up and up. Research your production options. Once you have completed these steps, you will then need to show it to those who may want to license your invention.

How to bring a product to market Evaluate your idea. Develop a high-quality prototype. Visit government websites to access PPA information. Find the right market. Evaluate the cost of manufacturing. Make revisions to improve your product. Design and create marketing materials. Contact the right companies.

Technically, yes, you can sell an idea to a company without a patent. However, this is where we circle back to entering into an NDA contract before sharing said idea, as mentioned previously. This would be your last line of defense to protect your idea, though, unfortunately, many companies wont enter into an NDA.

Companies That Pay for Ideas Some have brilliant ideas that could change the world, but they lack the funding needed to take action. If thats your case, consider reaching out to Henkel, 3M, Wilson and other successful companies that pay for ideas below are a few examples: Jokari. Sharper Image.