How can I make money getting a great idea to the right company without a patent?
Hi my friend's do you really have great ideas ? so don't worry about it i have best solution for that
I'll assume
you're referring to licensing and/or acquisition of the product.
Start with
research. Know your market, what people in it want, and what is out there
already. Figure out how yours will be better. Keep a list of every company you
come across in that space.
Draw a design,
and then have it made in 3D CAD. get a prototype made cheaply - Do it yourself
if you have to, or get one 3D-printed and make it look nice. If it's complex,
you'll have to get more creative. For most simple products, it's well worth the
small cost.
Now, do
prospecting research. Find all of the companies you might license it to, and
compile a list of contacts. You should already have a good start if you did
enough market research. Things you're looking for: they sell to your market,
they produce complimentary products, and they produce in the materials with
which you'll need your product made.
Get a provisional
patent. Google Gene Quinn or ipWatchdog for this. You can write it yourself
using his software, and it's cheap. It's also cheap to file. This gives you one
year to say "patent pending" while you search out your licensee.
Get a sales sheet
made. It needs to look professional, and keep it simple. All you need is a nice
3D rendering of the product as it would look when finished, and a few BRIEF
bullet points on benefits of the product. Start calling your contacts to gauge
their interest. For those that want to know more, send the sales sheet. You
want them to ask questions and request a prototype. Build the relationship.
Then send the prototype.
The rest is a lot
of back and forth, and negotiation if you're lucky. Don't get discouraged if it
doesn't work out. Keep working on all your potential prospects.
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