So let’s say you woke up on the morning of January 1st, 2017 with the most brilliant idea the world has ever known. You think about it and you decide to write it down. You turn it over and over in your mind and finally come to a conclusion that it needs to be shared with the world. But! There’s a “BUT”. As much as your idea is most likely the next big thing, deep down your mathematical senses and guts won’t let it go scott free without getting a little “reward or compensation” in return. You want to get paid for your ideas, so you begin to imagine who on this planet would be the highest bidder for your amazing idea, but you’re stuck.
Not to worry, this article will teach you all the tricks you need to learn in order to get paid for your ideas in 2017. Who knows, you could be well on your way to becoming the next Mark Zuckerberg or million-dollar baby.
So, how can you get paid for your ideas? Well, the concept is simple: Find companies, individuals or organizations who will be willing to pay for your ideas, so long as they can bet that your ideas will bring them maximum profit, you both would be smiling to the bank at the end of the day.
#RULE 1: Companies searching for new ideas – There are companies out there willing to listen to anyone for input, and that will pay for ideas. However, there are probably hundreds or even thousands of companies online that officially say they will pay you for your ideas, in CASH. A quick search on Google will help you to discover more of these great opportunities. Some companies will tell you directly that they are searching for new ideas, and that if share your ideas with them, then they will pay you if they decide to use your idea. Only be ready to go all out with your presentation, strategy, artwork, case studies and any other inputs necessary to build confidence in the minds of your buyers.
#RULE 2: Patent your Idea – First of, you need to determine if your idea is a general idea or a more specific (niche) idea. If it’s a niche idea, it’s easier to customize. A great way to search for patents is to use Google Patent Search at google.com/patents. Here you’ll find more than 7 million patents. As defined by Wikipedia, a patent is a set of exclusive rights granted by a state to an inventor or his assignee for a fixed period of time in exchange for a disclosure of an invention. Once you have ascertained that your idea really is unique and that there is no patent identical to your idea then go ahead.
Yes, there’s always a BUT.
You need to understand that getting a patent will cost you some money, so you might want to consider selling the idea itself instead of receiving a patent. In some cases this would obviously be a mistake, in other cases this may be the easiest and fastest way to make some quick money. What you could do is “lay open” your idea with a trusted person or company in exchange for a reward. Naturally, make sure you don’t spill the beans before you know for sure that you get your reward.
#RULE 3: Start your own Start-Up Company!
So what if you have a really great idea, but you don’t want to sell it or share it with others. Then there’s only one option: Use your idea to start a business.
If you believe in your own idea, then use it to generate a solid income for yourself. However, you should note that most businesses fail in their first 3-5 years. If you want to keep your business alive, then you need to learn what you need to learn and apply your knowledge.
A great idea will never make you rich. It’s what you decide to do with that idea that could make you a fortune.
It’s not too late to start. Get paid for your ideas today!