2. License Your Idea?Licensing is when you sell your invention idea to a company who will take your idea and complete its development and then begin marketing and selling it and then pay you a royalty for everyone that is sold. Royalty is usually three (3) to five (5) percent depending on where the new invention idea is in the development and protection stages. Go pick up a book or two and learn about how to licensing a product you just might find the one company out there looking for new products and willing to make licensing deal. 3. Get Inventing Help?Perhaps you are a busy professional without the time and knowledge. There are many companies that can assist. But Inventor Beware! Do your homework first. Research the company or individual. Get References. 4. List or Market Your Product HereIf you have an invention or new product developed, think of Inventors' Place as another avenue to promote and market your product to consumers. A sort of mini Amazon - but focused on new product inventions. Contact us for Details. 5. Wait While Someone Else Brings It To Market? By doing nothing, there will be a good chance one day you will see your idea on the shelves of a store because someone else got off their butt and developed and marketed the idea.
6. Take It To The Grave.If your decision is to do nothing with your invention idea except keep in your head until you die - The world is at a loss. Give it life. 7. You Could be Successful!You could also be successful. You could have something you thought of being purchased by, and enjoyed by, consumers. You could possibly achieve financial success from your idea. Nothing better then being mocked all the way to the bank.
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