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| | Inventions and How to Sell your Ideas?? |    |
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streetfightermatt
Posts: 588
Join date: 2010-06-18
Age: 26
Location: Australia
| | Subject: Inventions and How to Sell your Ideas?? Sat Feb 11, 2012 8:16 am | |
| I've often wondered this, but never seriously looked into it... If you have some great Invention that you think will kick off.. how do you go about it? do you right it down with some rough drawings, descriptions etc and claim copyright ASAP then hire your own crew to produce it? Or do you simply have an idea and sell that idea for a lump sum to a buyer... or to a production company for a certain percentage of their profits?? I'm sure if i google it I will find out, but I need sleep lol..
Anyone kind enough to give advice to this topic? thanks |
|  | | |SaD|Justth3tip
Director of Recruitment Operations
Posts: 3646
Join date: 2010-09-04
Age: 26
Location: Hawaii Kai, HI
| | Subject: Re: Inventions and How to Sell your Ideas?? Mon Feb 13, 2012 10:45 pm | |
| As far as I know, unless you already have a functioning Prototype. You'll likely wound out paying a production company for a percentage or royalties to build it and promote it for you. Well, I'm not sure if it's the same in Australia. But since an idea won't get you a Patent here in the States, lol. You won't get anyone to invest into your product because there's nothing tangible. Or as the saying goes, ' The proof is in the pudding!' I mean, if you have nothing to convince yourself that your idea/product actually works. How the hell are you expecting any company/investor, to believe in it also right? Anyway, hope this could be of some help and all the best bro!  |
| | | | |SaD|Peter
Forum Supervision Officer
Posts: 731
Join date: 2010-06-04
Location: East Bay San Frisco
| | Subject: Re: Inventions and How to Sell your Ideas?? Tue Feb 14, 2012 12:17 pm | |
| | |SaD|Justth3tip wrote: | | As far as I know, unless you already have a functioning Prototype. You'll likely wound out paying a production company for a percentage or royalties to build it and promote it for you. Well, I'm not sure if it's the same in Australia. But since an idea won't get you a Patent here in the States, lol. You won't get anyone to invest into your product because there's nothing tangible. Or as the saying goes, 'The proof is in the pudding!' I mean, if you have nothing to convince yourself that your idea/product actually works. How the hell are you expecting any company/investor, to believe in it also right? Anyway, hope this could be of some help and all the best bro! |
Yes what do you think Thomas Edison was?The inventor of the light bulb?HAAA!
Just ask Nichol Itesla 
Basically Edison was the promoter like that of a champion fighter that took an idea,and used other ideas to hype it up,then made all the real money of another man's invention while the idea maker died nearly penniless.
Although inspite of this I will say it was much much easier to invent something back in those days and have the royalties to yourself,nowdays with the new age of technology and commerical marketing thats nearly impossible.Even if you do create something better than the corperate powerhouse are able to come up with and mimic they will get ahold of your device,analyze it and come out with a completely different version that if doesnt work better is more readily available.
Henry Ford once arrogantly said "Its not the Qaulity,its the Qauntity that makes our product great".
If nothing else they can outproduce you and make more money off your idea. |
| | | | |SaD|Justth3tip
Director of Recruitment Operations
Posts: 3646
Join date: 2010-09-04
Age: 26
Location: Hawaii Kai, HI
| | Subject: Re: Inventions and How to Sell your Ideas?? Fri Feb 17, 2012 10:55 pm | |
| Yea, I don't know what the Patent laws were back then. But these days I know it only last like 20 years. It's also the very reason as to why it's recommended to get a 'confidentiality agreement' drawn up prior to presenting your idea/prototype, to production companies/investors. Which most of the BIG BOYS likely won't ever sign. No, not necessarily because of your idea/prototype itself. But because it cuts their future freedom or exclusive rights to do what they want, with your idea. Or as you mentioned above... "...Even if you do create something better than the corperate powerhouse are able to come up with and mimic they will get ahold of your device,analyze it and come out with a completely different version that if doesnt work better is more readily available..." Sighs...  |
| | | | IronMan64
Posts: 521
Join date: 2010-06-05
Age: 28
Location: Germany
| | Subject: Re: Inventions and How to Sell your Ideas?? Sat Feb 18, 2012 5:43 pm | |
| | |SaD|Justth3tip wrote: | Yea, I don't know what the Patent laws were back then. But these days I know it only last like 20 years. It's also the very reason as to why it's recommended to get a 'confidentiality agreement' drawn up prior to presenting your idea/prototype, to production companies/investors. Which most of the BIG BOYS likely won't ever sign. No, not necessarily because of your idea/prototype itself. But because it cuts their future freedom or exclusive rights to do what they want, with your idea. Or as you mentioned above...
"...Even if you do create something better than the corperate powerhouse are able to come up with and mimic they will get ahold of your device,analyze it and come out with a completely different version that if doesnt work better is more readily available..."
Sighs... |
this |
| | | | IronMan64
Posts: 521
Join date: 2010-06-05
Age: 28
Location: Germany
| | Subject: Re: Inventions and How to Sell your Ideas?? Sat Feb 18, 2012 5:45 pm | |
| | |SaD|Peter wrote: | | |SaD|Justth3tip wrote: | | As far as I know, unless you already have a functioning Prototype. You'll likely wound out paying a production company for a percentage or royalties to build it and promote it for you. Well, I'm not sure if it's the same in Australia. But since an idea won't get you a Patent here in the States, lol. You won't get anyone to invest into your product because there's nothing tangible. Or as the saying goes, 'The proof is in the pudding!' I mean, if you have nothing to convince yourself that your idea/product actually works. How the hell are you expecting any company/investor, to believe in it also right? Anyway, hope this could be of some help and all the best bro! |
Yes what do you think Thomas Edison was?The inventor of the light bulb?HAAA!
Just ask Nichol Itesla
Basically Edison was the promoter like that of a champion fighter that took an idea,and used other ideas to hype it up,then made all the real money of another man's invention while the idea maker died nearly penniless.
Although inspite of this I will say it was much much easier to invent something back in those days and have the royalties to yourself,nowdays with the new age of technology and commerical marketing thats nearly impossible.Even if you do create something better than the corperate powerhouse are able to come up with and mimic they will get ahold of your device,analyze it and come out with a completely different version that if doesnt work better is more readily available.
Henry Ford once arrogantly said "Its not the Qaulity,its the Qauntity that makes our product great".
If nothing else they can outproduce you and make more money off your idea. |
Edison was the inventor of the light bulb lol.Although he wouldnt have been anything if it wasnt for Tesla's introduction of the mass commerical electric concept.Some call him the father of the first tech revolution lol. |
| | | | |SaD|Justth3tip
Director of Recruitment Operations
Posts: 3646
Join date: 2010-09-04
Age: 26
Location: Hawaii Kai, HI
| | Subject: Re: Inventions and How to Sell your Ideas?? Sun Feb 19, 2012 10:50 pm | |
|
Hmm... I believe I'm understanding it correctly or is it not? I mean, I know I didn't include the fact that some or most production companies may not be interested because they might already be working on something similar in their research and development labs. But I do know that a signed 'non-disclosure' or confidentiality agreement (NDA), puts production companies at risk. Because it negates the option of creating something similar in the future. Huh... Actually, these big competitor's could still take your idea, create it and simply invite you to sue them. Which you'll likely wound up losing in court, due to lack of resources.
But any how, I just came across a way where you could say "F*@% YOU BACK!" and it's called a 'logbook' (since you can't patent an idea, you can still patent something you create from it). In which, you want to write down detailed records of key concepts, test results and anything else having to do with the creation of your idea (especially the DATES). Also, do NOT keep your logbook in a loose-leaf paper. Instead, opt for a bound notebook. The US Patent and Trademark Office trust these because they make it very difficult to conceal the fact that pages were added or taken out. So yea, just be sure to keep extensive, detailed logs of all your progress. Once you're done, you can apply for a provisional patent application with all your ducks in a row. |
| | | | |SaD|Colt.45
XBox Live Division Commander
Posts: 3658
Join date: 2010-06-04
Age: 26
Location: Chicago,IL
| | Subject: Re: Inventions and How to Sell your Ideas?? Sat Mar 24, 2012 4:07 pm | |
| | |SaD|Justth3tip wrote: |
Hmm... I believe I'm understanding it correctly or is it not? I mean, I know I didn't include the fact that some or most production companies may not be interested because they might already be working on something similar in their research and development labs. But I do know that a signed 'non-disclosure' or confidentiality agreement (NDA), puts production companies at risk. Because it negates the option of creating something similar in the future. Huh... Actually, these big competitor's could still take your idea, create it and simply invite you to sue them. Which you'll likely wound up losing in court, due to lack of resources.
But any how, I just came across a way where you could say "F*@% YOU BACK!" and it's called a 'logbook' (since you can't patent an idea, you can still patent something you create from it). In which, you want to write down detailed records of key concepts, test results and anything else having to do with the creation of your idea (especially the DATES). Also, do NOT keep your logbook in a loose-leaf paper. Instead, opt for a bound notebook. The US Patent and Trademark Office trust these because they make it very difficult to conceal the fact that pages were added or taken out. So yea, just be sure to keep extensive, detailed logs of all your progress. Once you're done, you can apply for a provisional patent application with all your ducks in a row. |
The best thing you can do with an invention or innovative idea is what the creators of Facebook,Myspace and Youtube did.Build your business or idea up to superstar status and then sell it to the highest bidder .
I mean lets face it,your not going to outdoor defeat corperate and as they say if you cant beat em join em or atleast make money of em'.These corpracracies (as my dad calls them) are the best way to make money that way you get rich and dont have to worry about managing your creation child,unless you just want to keep it for bragging rights lol.
Kind of view it like musicians and the record labels that sign them.There are many music aritsts out there that are just local,most of their talent will remain unheard by the outside world but if given the right promoting,radio time and media hype would be just as enviable and revered as any other group or solo act.Thats where the middle man comes in.
If you have some invented material or device that you want to sell then contract out to a company that already produces things of this nature and since its your patened idea just like a music artists makes so many dollars per record sale,you take your percentage per item sale.
Trying to mass produce an idea on your own,you'll fall flat on your face in a world where business moves at the speed of light....well atleast sound. |
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