How to sell your ideas and inventions for cash part 6 of 7
Are you market ready?
Hi. This is Mike Rounds and welcome to part six of how to sell your ideas and inventions for cash called Are you market ready?
Even though your invention works perfectly, it may not be ready to take to the market or to offer it for sale to somebody else.
When we started offering this program, we had the opportunity to interview many of the directors of new product development for major firms and organizations that actually licensed the rights to inventions from independent matters.
When we asked them why many companies don't want to deal with independent inventors the answers we received was somewhat surprising.
It turns out that the primary reasons for companies not wanting to look at outside inventions is that most independent inventors don't bother to learn the rules, regulations, guidelines, safety factors, and other relevant performance criteria factors that each industry requires before a product can be offered to the public.
This means that even though the product works, it doesn't work per current industry guidelines and standards.
When we finished analyzing all of the inputs that we were given, it turns out that there are 14 significant areas of concern that every independent inventor must review and evaluate before you offer your invention percent.
If you don't, you are automatically building in a reason for a potential buyer to say no to your product even before they review it because whether they like it or not, if it doesn't meet current standards, as imposed by their industry, or outside organizations, these inequities will prevent it from being marketable.
Examples include design and operational considerations like current safety standards and compliance standards such as Underwriters Laboratories or the FDA that must be understood, and adhered to before you can take a product to the public.
For example, safety standards are of major concern in today's litigious marketplace because they can not only prevent sales of products but also incur multimillion dollar lawsuits and obviously, conscientious manufacturers won't be interested in a product that presents them with the potential bankrupting lawsuit.
The rules, regulations, and guidelines for compliance with these standards are readily available through a variety of resources and most of them are free and many of them are available online for download, reading, printing and study.
Conversely, many of them are simply common sense guidelines and reviews that you'll need to look at and see what applies to you before you release your product for sale.
If you're seriously interested in making money with your creative ideas and don't want to spend a lot of time, money or get ripped off in the process, we've got the answer for you.
We've been delivering this copyrighted program, for the past 25 years, to live audiences at over 500 locations throughout the United States including the Harvard School of Business, the University of California, The World famous Invention Convention, Rochester University, and the Los Angeles Public Library.
Now, this same program is available as a complete package including all of the workbooks, audio lectures, videos seminars, and legal support forms for less than $100.
This is a complete, comprehensive program, delivered in everyday language so that you'll be able to understand and apply the process.
We'll show you everything you need to know to protect, package, prototype, and offer your inventions for sale without spending a lot of money for things you don't need, can't use, and that won't make you a profit.
Plus, we'll show you:
• a variety of low cost, no-cost ways to establish the ownership rights to your inventions
• how to make sure that your invention is 'ready to take to the street'
• how to locate potential buyers
• how to solicit their participation, and
• What you can expect in terms of royalties and contractual conditions.
Forget about thousands of dollars -- we'll show you how to do the work yourself and find out if you've got the next great product for a few hundred dollars.
Click the link below to get complete information about our Invention Marketing Kit but in the meantime, we have a FREE manual to help you get started making money with your ideas and inventions for virtually NO MONEY.
It's called Kit Designing for the Clueless® - How to turn your ideas and inventions into a saleable kit.
It explains everything from the background of the kit business, stories about a lot of famous kit makers, and the step by step process for turning your ideas into a saleable kit and how to market it profitably for next to nothing.
Just click on the link and request your FREE down loadable manual and don't forget to watch the other six videos about profitably marketing your inventions without getting ripped off.
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2 - How to Sell Your Inventions - Part 2 of 7 The Folly of patentsby ltmfrounds239 views
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