How To Sell You Ideas For Huge Royalties
Here is a way to cash-in on your ideas. If they are unique
some company just may be willing to pay big bucks for some
of them. This report explains how to protect your ideas to
make sure that you get paid for them. Your saleable ideas
can be something tangible or intangible.
such things as mechanical things, chemical compounds, designs,
works of art, advertising and business plans, ideas for
improving a design, flavor, etc. of an existing product or
Many thousands of dollars are paid out to idea men
each year by industries. If your idea will increase production,
increase sales or improve the product, they will be willing to
pay substantial money when they accept it. First, you must know
how to protect the ideas that you generate.
Ideas that are
made public by word of mouth or even in writing become public
property unless you first make an agreement to retain all rights
to your ideas. Let s say that you have an idea for increasing
the sales of an existing product for company A.
Write them a
letter similar to this one in duplicate: Gentlemen: I have
developed a new idea for increasing the sales of your product.
This new method will not increase your costs in any manner. If
you are interested in the full details I shall forward them to
you upon receipt of the below signed agreement.
TO REVIEW IDEA. We the undersigned agree to receive in
confidence full details about an idea for increasing the sales
of widget s as submitted by (your name).
It is further
understood that we assume no responsibility whatever with
respect to features which can be demonstrated to be already
known to us. We also agree not to divulge any details of the
idea submitted without permission of (your name) or to make
use of any feature of information of which (your name) is the
originator without payment of compensation to be fixed by
negotiation with (your name) or his lawful representative.
It is specifically understood that in receiving the idea of
(your name) it will be reviewed in confidence and within a
30 day period we will report to (your name) the results of
our findings and will advise whether or not we are interested
in negotiating for the purchase of the rights to use said
Have them sign both copies and return one to you.
Then you must submit complete details of your idea to the
company after they review your idea they must by law follow
the instructions of the agreement.
Many idea men are earning
substantial money following this procedure. The sky is the
limit buy make darn sure that you first get the agreement
signed prior to disclosing your idea.
Otherwise no go!
To increase chances of having ideas accepted spend lots of
time preparing complete minute details before you submit them.
This is the key! Include illustrations of drawings if it's
necessary to get the story over.
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