To Sell or License Your Invention – Hope Is just Not a Strategy

You have a fresh, new product idea that you want to sell to successfully a manufacturing company aka license for royalties. For the purpose of licensing or selling that will work, you need on to contact companies rather than wait and hope all the people contact you.

There are numerous domains to post your creativity. Some of these contractors tell you they is likely to match your invention to their thousands of companies in their database. Typically hold your breath.

For example, let’s presume your invention is a new power tool. All manufacturers of power specialist tools are easily known. Go to Home Depot or Lowes and you’ll see Skil, Black and Decker, Dewalt, and the the rest. These are the companies you need to reach. Otherwise what’s the luck these companies will make a call you first? Maybe an individual in a billion.

Contact Companies Directly

Calling companies is not necessarily that hard. Be designed with what to say. Talk about the benefits your invention has with regard to offer the end-customer. And as a result talk about how a person’s invention can benefit how the company such as very high profit margins, easy to manufacture, and easy towards package and sell.

When they ask for more information, send any Product Proposal. A Service or product Proposal is a quite short document like a modest business plan. The Thing Proposal clearly states a new market need, product description, benefits, advantages over this particular competition, profit potential, plus other information as wanted.

Companies will require new product to increase in numbers. Companies are really often very busy with every single tasks and have much time if you want to be fresh to advance up that have new product ideas. Providers need new products to finally increase profit, get to assist you to market quicker, beat the competition, plus provide any more of a particular selection into their customers. And consisting of companies mowing back on a staff, some are in appearance to the outside towards new smart ideas.

Avoid generally Invention Information Submission Companies

Maybe you would possibly have seen Tv commercials, websites, or ads on each of our radio needed for invention submission move help outfits saying on what they will help your entire family introduce ones invention in accordance with the industry.

The first thing they do is really get for you to choose a current report with regard to about $700. The record is a meaningful basic arrangement with standard information – basically incomprehensible. With the specific report in the hand, you tell that you that any market research indicates your idea carries big prospect.

Then intended for $10,000 to assist you $15,000 they say how they will get your formulation introduced at manufacturers. The person also use to hit you higher for marketing / promoting programs such as movie clips and proving your invention at tradeshows.

Manufacturers be sent these submission move packages all the the time, and afterward throw the whole bunch straight under the junk. The poster company is off one particular hook just because they said they may submit this ideas returning to the industry. Don’t squander your your time and money with this submission people.


Contacting a trustworthy company is any kind of a much increased strategy over posting your company’s invention regarding a website and so therefore hoping a company may well find your corporation. Start when making each list on 10 companies that a can reach right these days.