How Do I Sell A Million Dollar Idea?

Go

online and visit uspto.gov

, The U.S. Patent and Trademark Office website. You can see if your idea already has a patent on it. If it does, contact the inventor and see if you can get rights to market/sell it.

How do I submit a million dollar idea?

1. Question everything. …
2. Brainstorm fearlessly. …
3. Look for solutions. …
4. Be on the lookout. …
5. Make a U-turn. …
6. Adapt and Adopt. …
7. Treat mistakes as stepping-stones.

How can I get rich off an idea?

1. Sell Your Services on Freelancing Sites. …
2. Give Your Idea to Somebody Else (for $$$) …
3. Make It a Side Project. …
4. Wait It Out. …
5. Go to Focus Groups. …
6. Make Money Off Your Ideas.

What are the steps in Million Dollar idea?

1. Brainstorm ideas. The first step in coming up with a truly unique and useful product is to brainstorm ideas. …
2. Decide on an idea. …
3. Document It. …
4. Research It. …
5. Make a Prototype. …
6. File a Patent. …
7. Create a presentation. …
8. Market Your Invention.

How do you sell an idea to a company without them stealing it?

You can sell an idea to a company without a patent. You need a way to stop them from stealing the idea from you. One way to do that without a patent is with

a nondisclosure agreement

, aka NDA. The NDA would limit the company’s ability to use your idea without paying you for it.

How do I start a million dollar business?

1. Find trustworthy partners. …
2. Create a strategy and focus. …
3. Say no to what’s off focus. …
4. Find peer support. …
5. Form a board of advisors. …
6. Hire slow and fire fast. …
7. Build great values and culture. …
8. Build your brand.

How do you sell an idea to a major company?

1. Know your market. This means gathering as much feedback as possible on your own invention idea. …
2. Do some legal legwork. Go as far as you can to determine if your invention is patentable or if it can be produced without infringement on other filed patents. …
3. Look into production.

How do inventors get paid?

An inventor usually authorizes a manufacturer (the licensee) to make and sell the invention in exchange for paying the

inventor royalties

. The royalties may be a percentage of the net revenues or may be a payment for each invention sold. … The license may be for the duration of the patent or for a shorter period of time.

Can you get paid for ideas?

There are different ways to get money from companies that buy ideas: They’ll pay you a

set amount for your idea

. They’ll give you a percentage of any profit made. They’ll pay you a set amount for each item or unit of item that’s sold.

How do I start an invention with no money?

1. Examine Your Invention Idea.
2. Ensure There Isn’t an Outstanding Patent for Your Idea.
3. Keep Documentation of Your Invention Idea.
4. Apply for a Patent for Your Invention.
5. Check Out These Similar Posts.
6. Take Out a Personal or Business Loan to Fund Your Invention.

How do you think of a billion dollar idea?

1. Improve Sales. Take any product and try to invent ways to increase their sales. …
2. Apply New Business Model. Pick a product and change its business model completely. …
3. Business Decomposition.

Does InventHelp steal ideas?

Essentially, InventHelp

assists you in packaging your idea

, submitting your idea to companies and providing patent referrals. All ideas are kept confidential, too. It takes a lot of work to take an invention from idea to actual product, so it’s to see why inventors often seek out the help of companies like InventHelp.

Can a manufacturer steal your idea?

Answer:

Manufacturers can steal your idea by selling your product to other customers

. … It should also state that the manufacturer cannot sell to other customers. Your best bet to enforce this contract if there is a problem is by having it written in the language of the manufacturer.

How do I protect my business idea?

1. Federal or State Registration. …
2. Non-Disclosure Agreements. …
3. Non-Compete and Non-Solicitation Agreements. …
4. Work-for-Hire Agreements. …
5. Provisional Patents. …
6. Trade Secrets Law. …
7. Use Secure Communication. …
8. Timestamp Your Ideas.

What business can make you a millionaire?

• Financial Services. …
• Eldercare. …
• Business Consultancy. …
• Investment Firm. …
• Education and Training Service. …
• Insurtech. …
• Cleaning Business. …
• Healthcare Consultancy.

What business can make millions?

1. B2B products and services. …
2. Online education. …
3. Wellness offerings. …
4. Food delivery services. …
5. Wedding services and products. …
6. Dropshipping business. …
7. Food truck. …
8. Subscription model business.