How Do You Make Money With Ideas, Inventions, & Discoveries?
You have a great idea for the next killer product or service, or maybe you’ve just created a new product. Coming up with a new idea is an exciting process, but it can be difficult to think of ways to make money from your idea. Nevertheless, there are some steps that you can take to get started in turning your new idea, inventions and discoveries into moneymaking ventures. Patent your new invention. Holding a patent on your idea will let you develop it without others stealing it for themselves. You may also be able to license your new idea to a company that wants to use it once you hold a patent. Visit the U.S. Patent and Trademark Office website. Sell your idea to a larger company that will take the risks for you. Depending on your invention, you may be able to take it to an established company to have it manufactured, and take a cut of the profits. Investigate other companies in your market and contact them about possibly collaborating. Hire freelancers to create your prototype. If yo
