Where can you submit your ideas for money?

Discussion in 'Starting A Business/ Business Ideas' started by Miles, Jul 26, 2016.

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  1. Miles

    Miles Newbie

    Where can you submit ideas for money? Like many people on this Forum I'm trying to find some money and one way to do that was to think of a great invention or business idea other people can use to make money. I am looking for a company or business that pays upfront money for business and invention ideas. I do not wish to get involved in the process of getting the business or invention going, I just want to submit the idea and get money. If anyone has submitted an invention idea for money please share your experience or send me a Private Message, would love to hear from you.
    admin likes this.
  2. admin

    admin Administrator Staff Member

    Admin Post

    You can submit your ideas to businesses who are searching for new ideas to make the next best thing. ThinkGeek.com offers $250 in cash or $300 in gift certificates if they act on your ideas. Another company is Innocentive.com and like Think Geek is rewards you for invention ideas, the company also up to a million dollars for creative solutions to problems in business, enterprise, chemistry, engineering and science.

    Another option you have is contacting companies direct with your invention ideas. You should make a list of 20 reputable companies that would find your idea useful and contact them direct with a prototype of your invention. You should ask them to sign a non-disclosure agreement just in case your idea is leaked. You can then sell your idea and live off royalty payments.

    The final option is patenting your idea and then selling it on the open market. A patent is a contract which gives you exclusive rights which are granted by the state to an inventor over a fixed period of time in exchange for disclosure of the invention. You should do a patent search on Google Patent to see if your invention already exists. If it doesn't then you could patent the idea and offer it to companies that might the invention useful. Patenting your ideas is relatively straightforward, check out the video below for more information.

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