How to sell just an idea

Discussion in 'General Business' started by eruct, Sep 23, 2007.

  1. #1
    So,

    Say I have an idea for a new product. Not a web service, but an actual tangible object. For example, let's say that it is a new type of candle. Now, I have no way of making this candle and it would work best if the idea was sold to a company that already makes candles. There would be less overhead on my side and the candle would benefit from being sold by a trusted brand.

    My question is, how do I sell just the idea for this new candle? How do i protect myself so when I am shopping it around to different manufacturers they don't just steal the idea? How do I contact these manufacturers?

    Any and all insights would be appreciated. Thanks!
     
    eruct, Sep 23, 2007 IP
  2. magda

    magda Notable Member

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    #2
    magda, Sep 24, 2007 IP
  3. WM7

    WM7 Peon

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    #3
    Patent your Idiea first and then approch to Niche specific companies.
     
    WM7, Sep 24, 2007 IP
  4. chris20492002

    chris20492002 Guest

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    #4
    just curious on the niche? its not candles is it?
     
    chris20492002, Sep 24, 2007 IP
  5. DjSap

    DjSap Peon

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    #5
    Patent it...however like 99.9% of the ideas out there it probably will be considered shitty once you approach the company.
     
    DjSap, Sep 24, 2007 IP
  6. Game Producer

    Game Producer Well-Known Member

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    #6
    If you find a way, please share the rest of us ;)
     
    Game Producer, Sep 24, 2007 IP
  7. stratorider

    stratorider Peon

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    #7

    is this valid for the World?
    let´s say: Europe, Asia,...

    or there are some kind of World Comitee or something?
     
    stratorider, Sep 24, 2007 IP
  8. forumrating

    forumrating Notable Member

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    #8
    chk up the market, find big players who trade and distribute these products
    make the products unique so that they outperform to its competitors.
    also keep a fair price.
     
    forumrating, Sep 24, 2007 IP
  9. rgremill

    rgremill Peon

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  10. eruct

    eruct Well-Known Member

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    #10
    Thanks for the input. I didn't know that you don't need a working prototype to file for a patent so I might look into that.
    Thanks rgremill for the recommended book. Looks like it is exactly what I am looking for.

    Also, the idea is not a candle, that was just an example. It is however, related. It would be a new scent for an already existing product.

    Thanks for the encouragement DjSap!
     
    eruct, Sep 24, 2007 IP
  11. JasonLP

    JasonLP Member

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    #11
    Patent your idea. A lot of patents get rejected these days, so you'll have to have a really unique idea. Once you have done this, and own the rights to this idea, you can start pitching your idea to companies. I would recommend actually trying to schedule a face-to-face with a higher up in the company you're trying to pitch to.
     
    JasonLP, Sep 24, 2007 IP
  12. n-james

    n-james Well-Known Member

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    #12
    You need to get a worldwide patent.

    See: http://www.patentlawlinks.com/patoff.htm for details.
     
    n-james, Sep 24, 2007 IP
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  13. Raithe

    Raithe Well-Known Member

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    #13
    You can't really patent an idea. A patent is securing a "process".

    You can't patent a drive through window, but you can patent the "process" of saying "$5 is your change OR *you can buy blah blah blah". (An actual patent. Some store patented the process of offering a product for equal value of their change).

    Grab a non disclosure or trade secrets agreement with them. (Trade secrets protects you more).
     
    Raithe, Sep 24, 2007 IP
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