To Sell or License Some Invention – Hope Is 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. During licensing or selling that can work, you need to help contact companies rather while compared to wait and hope they contact you.

There are numerous domains to post your new technology. Some of these conglomerates tell you they will surely match your invention at their thousands of business employers in their database. Don’t hold your breath.

For example, let’s presume your invention is every new power tool. The manufacturers of power specialist tools are easily known. Head to Home Depot potentially Lowes and you’ll decide Skil, Black and Decker, Dewalt, and the others. These are the vendors you need to get in touch with. Otherwise what’s the option these companies will connect with you first? Maybe people in a billion.

Contact Companies Directly

Calling companies is definitely that hard. Be prepared with what to say. Talk about the positive factors your invention has – offer the end-customer. And additionally talk about how to get a patent on an idea invention can benefit that company such as extremely high profit margins, easy in which to manufacture, and easy to help package and how to patent an idea sell.

When they ask during more information, send your Product Proposal. A Dietary supplement Proposal is a rapid document like a mini business plan. The Method Proposal clearly states the actual market need, product description, benefits, advantages over which the competition, profit potential, and additionally other information as requested.

Companies will want new product to grow. Companies are really often quite busy with monthly tasks in addition have little time that can be fresh to advance up that have new substance ideas. Brands need different products to finally increase profit, get to successfully market quicker, beat the competition, and thus provide whole lot of your selection to their members. And consisting of companies cutting back at staff, some are staring to you see, the outside for the purpose of new ideas.

Avoid generally Invention Help Submission Companies

Maybe you would possibly have seen Tv commercials, websites, or public notices on which the radio relating to invention submissions help issuers saying how they is able to help your entire family introduce your invention on to the industry.

The beginning thing they do is really get a person to pay money for a enhance report to get about $700. The report is a basic concept with main information ; basically worthless. With some of the report for hand, you tell you that all the market inquiry indicates any idea presents big chance.

Then with respect to $10,000 which will $15,000 that they say he or how to patent a product idea she will get your product introduced at manufacturers. The person also test drive to touched you higher for marketing programs those as presentations and proving your new technology at tradeshows.

Manufacturers get your these publishing packages every the time, and than throw the whole bunch straight under the garbage can. The publishing company is off the hook just because they thought they may submit this ideas as a way to the world. Don’t fritter away your a little time and moolah with quite a number of submission organisations.


Contacting one particular company who you are is a huge much better strategy over posting your primary invention at a website page and so therefore hoping a new company will probably find then you. Start to making each list to do with 10 companies that that you can contact right straight away.