VERY URGENT: How can i sell my business ideas to the Companies which can use and earn a lot of money for that?
Also I cannot produce it myself too, besause I do not have that factory to do that.
So I really want to sell them to the companies but I am afraid of that if they say that;
-Ok good, but we do not interested that product,
But then they want to produce, after getting the idea!
What can I do?
Answer:
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there are a lot such sites that pays you heavily, i will give you those sites time to time,
Patent the idea and then market it to the industries or find financial backers and get a contract producer to produce the product for you and market it to the consumer yourself.
Corporates will steal and exploit any good idea that you give them, without paying you anything. The only way to profit from it is to get investors to help you patent and use the product yourself, or to start the company yourself and implement your idea. It isn't easy.
first patent your idea , it could have already been patented and in the works by someone else . If not once you get a patent search for a manufacturer to produce it , some will also distribute it and get the word out for you .
You can file for a patent, but filing a serious patent with good lawyers and with all the appropriate checks and such will cost around $10000.
If you are not willing to spend this much, you can find a NDA (Non-Disclosure Agreement) template online and modify it to put your name on it. Then you can go to companies and if they are willing to sign the document, you can tell them the idea. Then they are legally obligated not to produce the product without your consent, since you are under NDA. However you must keep logs of your conversation to prove that you discussed a particular idea. It's a tricky situation however trying to get a company to sign an NDA without knowing what it's for, so it's often good to give a teaser before you get them to sign the NDA and tell them the full idea.
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