03 Dec

For Sell or License Your Invention – Hope Is also Not a Strategy

You have a modern product idea that your company want to sell to a manufacturing company or even a license for royalties. For licensing or selling that will work, you need if you want to contact companies rather than just wait and hope men and women contact you.

There are numerous pages to post your advent. Some of these enterprises tell you they is likely to match your invention so that you their thousands of manufacturers in their database. Better not hold your breath.

For example, let’s articulate your invention is the new new power tool. All manufacturers of power ways are easily known. Head to Home Depot or how to patent an idea perhaps even Lowes and you’ll see Skil, Black and Decker, Dewalt, and the new ones. These are the vendors you need to reach. Otherwise what’s the chance these companies will make contact with you first? Maybe one particular particular in a billion.

Contact Companies Directly

Calling companies is not necessarily that hard. Be willing to with what to for example. Talk about the benefits your invention has to offer the end-customer. And talk about how your invention can benefit that company such as significant profit margins, easy in which to manufacture, and easy towards package and sell.

When they ask for the purpose of more information, send a Product Proposal. A Service or product Proposal is a short-lived document like a mini business plan. The Lotion Proposal clearly states the market need, product description, benefits, advantages over this particular competition, profit potential, but other information as asked.

Companies need to have new pieces to raise. Companies can be often very busy with day-by-day tasks in addition have little time to be extremely to advance up with new product ideas. Insurers need different products to increase profit, get to assist you to market quicker, beat the competition, InventHelp Success and provide any more of a selection into their buyers. And featuring companies cutting back on staff, are trying hard to you see, the outside for new strategies.

Avoid generally Invention Make it possible to Submission Service providers

Maybe you’ve seen Tv on your computer commercials, websites, or public notices on which the radio for the invention submission help corporations saying how they will help you introduce ones invention on to the business world.

The beginning thing they do is really get most people to buy a market report to about $700. The description is a fabulous basic theme with easy-to-follow information – basically pointless. With the report while in hand, they can tell then you that my market research indicates your current idea is complete with big prospect.

Then intended for $10,000 to assist you $15,000 they can say they will get your new technology introduced on manufacturers. They also try to hit you higher for ariellebrockblog.wordpress.com marketing / promoting programs such as clips and showcasing your advent at tradeshows.

Manufacturers be sent these publishing packages most of the time, and then throw the whole bunch straight hooked on the garbage can. The supply company is off an hook because they asserted they would submit your ideas in which to the industry. Don’t waste your moments and funding with these submission sellers.


Contacting one particular company is a much very much better strategy in comparison with what posting those invention on a internet business and so therefore hoping the best company will probably find you. Start to making a list of all 10 companies that that you can contact right these days.