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After talking with a few Companies,I get the inpression They seem to think that if there Company did not think of the idea than it is no good at all.Others feel like inventors are just pain in the butt Crackpots or Conmen. |
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Insider Points
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If you do use a Toy Broker, Inventor Submission firm,etc make sure you read everything carefully before you sign. The royalty split is across the board depending on their contract. I have seen them go as high as 25/75 with the broker getting 75%. |
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Did anyone here every hire a sales person to sell their idea for them? Seems like selling the idea is the hard part? |
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Thank you Mike for the Advice |
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Your message… |
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You must have a plan when approaching companys, pick out the top few and start there. Do some homework each one you intend to submit you idea to. Find out first if they are making money, because if there are about to go under they are not going to be looking new ideas. Make shure the idea you want to submit to them will fit in there product line. Then find out what there process is for new idea submissions and follow there guide lines, also try to get a contact name for new idea submissions. Prepair your submission with cover letter, photos, video dvd, and patent info. |