Selling ideas for royalty

[Brandnew]

I have been working on an idea recently and I need help selling it. I need to find a company that can produce it and be licensed to sell it for royalty.

[akula]

your naivity is on par with me saying "u.s. invaded iraq to help the iraqies"....it's pretty unseemly.
you are naive about the process of i.p. commercialisation
it doesn't work how you may think...people don't go around buying "ideas"

[ZingerIntl]

Akula... you dont ven know his idea. You are most likely right but give them the respect to ask their idea. Brandnew should not have a problem explaining the idea or product in full. So Brandnew, lets hear it.

[Encrypted]

Somewhat similarly to the post above, I sort of believe akula is right, but you could have presented that post in a nicer fashion.

Brandnew, I somehow doubt a company is going to pay you a royalty for your idea. The fact is, is that they can simply steal it if they wanted to. You can't patent an idea, however, you can patent a product. People copy off each other all the time in the corporate world. Look at McDonalds, Burger King, and Wendy's with those new "wraps". McDonalds started it off, Burger King attempted to copy, and Wendys followed right after.

[akula]

I have been working on an idea recently and I need help selling it. I need to find a company that can produce it and be licensed to sell it for royalty.

yea...look....the inventors, i.p. registrants, the thinkers.....all you guys have a hard time

generally speaking, unseasoned i.p. is bought for a limited number of reasons. the main one being defensive purposes (i.e. to stop others buying it). other than that, it's mostly untraded.

look..what i'm saying to you is this: look up the data from uspto. you'll find that over 97% of registered patents are uncomercialised....meaning that there are millions of people just like you out there sitting on patents hoping to sell them or lisence them or what ever (same diff)..which never happens. you don't wanna be one of those people.

what you do wanna do is be a broker who connects i.p. buyers and sellers - that's really where the opportunity is, not in another inventor, trying to sell another idea, with the whole thing ending up with predictible results

[akula]

Somewhat similarly to the post above, I sort of believe akula is right, but you could have presented that post in a nicer fashion.

agreed..i don't even know i'm so terse online
in person i'm rather sweet..or so i hear

[akula]

Akula... you dont ven know his idea. Y

mehhh..it's all, it's all, it's all.........the same

[dgold]

I think we can't really generalize here, ideas come in so many shapes and sizes. Yes many patents are of low commercial value and won't generate any revenues. However a good patent can generate massive amount of income if used correctly. I would tend to agree that turning around and licensing a patent for royalty is not very probable. It is not impossible though. Usually patents will be licensed/purchased after the technology has gotten some sort of market approval. It is unlikely that someone would risk their capital developing a corporately foreign invention that has not had market validation yet. If the idea is truly extraordinary a licensing deal can be worked out with companies in the particular market. However, inventions like that are hard to come by and the right people might be hard to get in touch with and sale to if you are already well connected in the particular industry.

[SteveG]

I tend to be a backyard inventor. When I think of something I ask myself, what percentage of the world or United Staes might potentialy buy this, if they bought it once is it something they would use again like toilet paper for instance. My company pays us for ideas, a really good idea might pay $1,000 but the most I have heard of so far was $500.00. I often design tools that might be used in truck repair shops as this is where I have spent the bulk of my adult life. I build one for our own shop and then watch and see how much it is used. So far nothing has motivated me enough to pursue a patent as I just don't see a large enough market to make it worth the time and effort. A friend of mine invented the expandable drain unclogger that swells up like a puffer fish when you turn it on. he did very well on that. Steve

[aliendropper]

Invent free energy patent
Im sure the oil companies will snap it up in an instant just like the many before yours and thrown in a vault to keep the world in a fossil fuel economy.

Lets ope 2012 is right and us nice people upgrade and leave all te orrible ones here

[fresh108]

Really depends on the product. For us scriptwriters, we can enter our ideas/scripts to the creatorsvault, so that if anyone else comes up with the same kind of show we can do something about it

[Paul22]

Selling the concept is the best idea.

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