I have gotten a couple of emails asking about using sites like Ideabuyer to post their product idea.
I have a problem with any site that says for a fee we will post your idea for companes to see and hopefully contact you about licensing, investing or buying your product. Ask yourself this, do you really think that Black and Decker, Kraft, Mattel, Craftsman, Rubbermaid, and all the other mainstream companies spend their time surfing these idea buying sites? I put in the search topic on Bing “invention Buyers” my results were 1-10 of 748,000 results. I know a number of them are repeats of the same companies so lets say you only have actually 748 of thoses as the correct number. Do you think any business like Black and Decker has the resources or cares to have their staff look through 748 companies for a new product they can sell? Why should they even bother when they have Inventors contacting them daily wanting them to review their ideas? The answer is they don’t.
You are wasting your money posting your idea on any site paying a monthly fee. A number of these sites also sell the service of making your spot on their site more professional looking in case the company happens to see your product.
Lets also take this into account I looked at Ideabuyers site and Ideabuyer has 18 catergories of products you can look through. If they have a minimum of 10 per catergory you have 180 products to review. Now multiply that by the 748 companies offering this type of service and you get 134640 products to review. Now that number will not stay static since you are adding new products as more Inventors join. So, again I ask does any one company have the resources or care to review these products even monthly? Your chances of getting picked up from one of these sites is small at best. You would be better served pushing your product yourself and targeting the companies you want to go after.
Forums » Selling » Topic
| Are Idea Posting Sites Worth it? | |
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Roger Brown
rogerbrown
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Insider Points
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Linda Linda
cattycatranch |
Roger says, “You would be better served pushing your product yourself and targeting the companies you want to go after.” Or maybe buying lottery tickets. |
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Julie Brown
sleepyhead |
Roger, Thank you for the information. I recently was contacted by Incuby.com and was told that I could introduce my invention on their site for free. When going to their website, at the bottom of the page there is a heading for “Features and Fees”. (You can’t get to that link without registering and I didn’t want to do that – yet.) I have been considering investigating Absolutely New (cut out page from ID). Looking forward to any responses you may have. |
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Roger Brown
rogerbrown
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Insider Points
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Check out http://www.edisonnation.com/forums/other/topics... http://www.uspto.gov/inventors/scam_prevention/... They used to be IP&R |
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Julie Brown
sleepyhead |
Thank you, Roger: I thought Inventors Digest didn’t let any company advertise if they (ID) didn’t also recommend them. Especially like that second link you provided. |
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Mike Drummond
madrummond
25,000
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Julie, That said, we tend to give new prospective advertisers in the inventing space the once over. We investigated AbsolutelyNew, which acquired certain assets from defunct IP&R, a once-notorious player in the invention industry. We found AbsolutelyNew, with its new management and stellar board of advisers and directors (including Staples founder and retired Harvard Business School prof Myra Hart) to be more than deserving of our trust. Hope that helps. Best, |
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Linda Thomas
function |
ATTN TO ALL: I too was scammed by AbsoulutelyNew. Yes, a new website and contact with a rep that assured me that they had the best interest in getting my patent invention great exposure/to the industry, etc. I was pressure on getting the monies to them to start the process. I refinance my home, gave them the monies and it went down hill from there. Basic work was done but only due to my follow up. They gave me the same presentation when they were IP&R, just different staff. All the way up to attending the Sporting Good show in Fla. (at that time) My invention was going to be on display at their booth and along with the rep I had been working, we were going to walk the convention floor and network with potential interests. This was all such a big build-up. At the last minute, my rep was reassigned to another dept., was not going to be attending the show and I was assigned a new rep whom I would meet at the convention. Met this person who was not prepared, did not know my product and complained the entire time that HIS feet were hurting from HIS new shoes. At the booth, my invention was not there. I was so disappointed but in wanting to make the best of it, I ‘saved face’ and tried to do what I could. I had bought with me a few extra prototypes of my invention and figure out a way to place it in their booth. It was just that, ‘placed there’ for the booth was not set up to include my product on display. … and yes, they had inventory of mine that they didn’t even bring to the show. No one would have known it was a product on display that they were representing. And when people came to the booth, they did not present it. I made a point of being at the booth to pitch my product at best but I was a ‘fish out of water’ and knew my efforts were only going to be received with politeness. Meanwhile, at the booth, there was more joking and being relaxed then there was a presence of “there to do business”. The ‘new’ rep that was assigned to me did not know how to network and engage dialogue as one would do at conventions. There was no energy or business presence coming from him. He was polite but clearly not prepared. So basically, this was for the duration of the 3 days of the show, THIS WAS AT BEST, all I was going to get out of ABSOLUTELYNEW. Now, I am back home, my contract had one month left on it. Much of nothing was done, no followup but to only find out that the rep I was assigned was no longer with the company. I got ABSOLUTELY nothing out of this BUT to know NEVER to do this again. For the basic work, all inventors CAN do themselves such as research, creating marketing material and going to a convention of your category choice. Get a feel for what it is like to be and do business in your product industry, etc. The aftermath. … I would look at ABSOLUTELYNEW website and yes, they may have changed/updated the website as well as the staff, I would be hard press to give them a chance, knowing what you NOW know. |
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Elaine Morton
usoil4me |
You are right on the money! ERIC CORL/IDEABUYER is not credItable. My Patent is. See RIPOFF report. I sold my Patent over a year ago, no integrity, no professionalism etc etc.Breached, defaulted, now in LITIGATION. SMOKE AND MIRRORS! oilrecoverytools.com |
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Julie Brown
sleepyhead |
Thank you Mr. Drummond of ID: I appreciate the fact that you responded because I know you are busy with that great magazine. (I actually receive two issues because I was already a subscriber before I became a Gold Member: I donate the extra copy to the local SBDC.) And thanks to both Linda and Elaine: I will not be contacting Absolutely New. I am going to investigate Incuby and pass on what I find: we need to protect one another and personal experience, not just heresay, provides the best evidence. |
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Linda Thomas
function |
You are so welcome, Julie. One can not ‘smoke-screen’ the truth for basic ‘how can I help you information’ and especially when it comes to keeping anyones hopes and dreams alive. To do otherwise, is not to be tolerated and certainly to be ignored. When one thinks about it, we spent quite a bit of time dodging the scams than we do making progress. This is mainly why it is taking a majority of us so long to accomplish what we set out to do. … and situations that do spark an interest, wonder why we had our own ideas for so long with mini-able progress. The one reward I get out of my ‘learned experience as well as others’ is, “I learn what not to do, by what others have done.” I don’t have a ‘budget line’ for mistakes. |
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Julie Brown
sleepyhead |
Budget? Went out the door a long time ago. Anyway, I just read a lot of reviews about Incuby.com and they were all good; however, I am unable to sign up or contact them because a page appears telling me the link is broken. |
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Linda Thomas
function |
From what I have discover on this site. The site is not active. All of the website pages with the exception of the home page is inactive. They have been around since 2007. Also they offer no protection for un-patented ideas. They will provide for a fee an provisional patent through an attorney office they use. The founder/CEO of this company is Omar Robert Gonzalez of San Antonio, Texas – no contact info to be found. I did review the video of the site and I could have sworn I saw dummy type where there was to be testimonial wording from inventors who have use their services. Could this still be part of their development stage? If I see products and people faces, I would think to see real text. All of my info was found outside of the site. Yes, so many say its a great concept but no contact info or people who will stand by their product is for now another smoke screen. So the search continues … |
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Julie Brown
sleepyhead |
I just went to www.InventionStatistics.com which is interesting facts and that site suggested www.InventorInsights.com which seems to be a copy of the first one. I also tried www.MoreInspiration.com but am not sure how it works and I didn’t sign up. |
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Linda Linda
cattycatranch |
Linda T., Thanks for posting that well-written summary of your experiences with AbsolutelyNew. I admired the way you kept your cool and tried to make the best of the situation. I would have blown a gasket if I’d paid them money and they hadn’t bothered to bring my prototype. But then I’ve never claimed to be a Mature Adult. (;^) I wish you better luck in the future. |
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ddot dan
ddot |
Pay to play? |
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JASON WINTERS
wintool
31,750
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i had a similiar encountour with “inventhelp” the stupid commercials with the caveman, making of the stone wheel i called them a couple of years ago wanting to know more about them and after that they kept on calling me to come to minneapolis to see them and promised me they could do big things for me i finally was at the point with my project that i did go visit them and they was impressed with my invention and wanted to get started marketing it FOR ONLY $3000.OO THEY COULD GET STARTED ON IT i already had a patent pending on it and website so i told them is there anyway to send my product without paying them $3000 he said yes, they would need a protoype all the pictures, blueprints, my existing marketing strategy AFTER A COUPLE OF WEEKS I GOT A LETTER SAYING SORRY BUT YOUR PRODUCT IS NOT FOR US WHAT SCARES ME IS THEY REALLY LIKE MY INVENTION AND WANTED PROTOTYPES BADLY BUT TOLD ME IN ADVANCE THAT THEY WILL NOT GIVE IT BACK ALONG WITH MY PICS ETC.. NOW THEY WON’T RETURN MY CALLS AT ALL AND ALWAYS SAYS THE GUY IS OUT OF THE OFFICE OR IN A MEETING I HOPE THEY ARE NOT USING MY PROTOTYPE AND REVAMPING IT ALITTLE TO SELL THEMSELVES IF SO, HELL WILL FOLLOW SO BEWARE INVENTORS OF THE USED CAR SALESMAN B.S. |
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SHAWN GALLOWAY
toolman911965 |
As I am sure has been stated many times here, I know I have made mention of it, why pay someone to do what you can do yourself, unless you are wealthy. |
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Roger Brown
rogerbrown
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I know a number of people have had issues with IP&R and don’t trust the new company since some of the old players are still involved with the new company. My question is has anyone had issues with Absolutely New since they basically started over? I will try and not condenm them for others actions, but at the same time I will keep a close eye on them and see where they go just as any other company offering those services. |
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Jerry Arsenault
nhharleyd
39,000
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Inventhelp AKA Invention Submission Corporation is a company that should be shut down by the government. I was a victim of ISC a few years ago and learned a valuable lesson. I feel for you Linda as I found out some disturbing facts about Absolutly New. Its too bad we spend more time on our projects and less time investigating the correct path to follow in getting our inventions to market. HOMEWORK |
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Roger Brown
rogerbrown
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Jerry, I am always har[ing about taking the time to do their homework and research up front before they spend any money. If they would it would save a lot of Inventors a lot of grief. |
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Linda Thomas
function |
Believe me, I am one for doing my HOMEWORK. But just as with any business, the work is only as good as the staff behind the job. All the components were there, sell sheets, trade show, etc. But what was key here is lack of “willing professionals” to stand behind what they set out to do. I have turned down Gunther Renker, QVC, HSN and other interest minded companies. Why, for once they get you sold on their interest, it would be only I who would come out short for they figure, I would do anything for the fame/association to their company. … when for me, its about the service of my product(s) and any monies rewarded me would only be for the business to grow. Monies spent is about ‘sweat equity’’ and ONE must invest in ones self to get to the next level as with anything, be it education, skill, etc. Now the deal is to not make repeated mistakes which I have not. Through my research/reading, I am an informed inventor/business person who makes calculating moves only. My business practice has been to gravitate to those only of ‘like minds’. My prepared discussions with businesses determine right up front whether we would be a good fit for one another. Its about keeping each other ‘honest’ in their intentions. And for that very moment in our correspondence, they can see I have done my homework which leaves them to politely back off or want to assist further in the future. Companies who can assist later, I monitor their business especially for my category for strength in services. There are soooo many complexies in doing business and even more so now for the focal point is always “money”. The deal again, is being on the same page to achieve that. I recently had an experience with a talent business of 2 individuals to do technical drawings. They represent well their skills, we had all the right paperwork in place for doing the job and they met my budget. Their pace was find until towards the end before I signed off on the drawings, there were still some tweaking to the drawings that had not been done. Contact stopped and I had no drawings for another new patent. Yes, I had a back up plan for getting my monies back.Luckily, their conscious allow them to contact me, discuss matters and move forward. It was all on them, not reviewing their work against my notes/drawings before sending to me. They thought as with many, that I would be passive and settle. End of the story, I got my drawings completed to my satisfaction and I paid them the balance due. Again, this is the “sweat equity” that one will have to employ for there are NO HANDOUTS. Investing in self is the only way for me to go and services are just that – facilitating an action. Yes, the component was there – “SKILLED TALENT” and would I do business with them again? The answer is YES, as long as they come within my budget. Because of my talk to the main partner, I let him know, the ‘own-ness’ was on him, "eat crow " but know this is not fashionable to conduct business like this in the future. He understood this professionally and I believed this is why I got the final job done. I write this for its important to understand and not within a few words, what it truly means to transact business. … and how to get it done PROFESSIONALLY. For me, its about the product, not me or the other individual I am dealing with at the time. it is my duty to keep us both on point so that we both can share in on the achievement. Its simply, “Good old fashion business”. Rare, but it can be found, its HOMEWORK! |
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william ricely
williamricely |
Function, u speak like Yoda and u should’ve taken the deals from Guthie Renker,QVC, and HSN! You would be selling millions of items right now if u had. |
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Linda Thomas
function |
One has to be wise. Its being clear in your thoughts which leads to no regrets not to mention, my head is free of stress. I have a saying, “If it wasn’t for other people(s) madness, I would have none.” I rest fine with my decisions for each had individual flaws that would not been a sound financial decision for myself at the time. Yes, it was tough to say no, but with the help of my attorney and accountant, I understood all of the reasons for not doing so and very much glad to this day, I have the proper support group around me to help me be wise in such decisions. Now, it is a natural way of conducting business which in many cases allow execs to even take the time to speak with me. Its a calculating moment when one feels, you are either in their scenario or they are in yours. This is the universe way of interaction in general. That moment can make you or break you. I consider myself, a “DOWNTOWN WARRIOR” when I transact business, especially. I know we all can attest to saying, “What just happen here or what did I just get myself into?” Its the BIG PICTURE and the LONG HAUL thats got to be factor in on a moments notice. When you figure out the formula in your head and speak your answer saying yes or no to any decision and not just see GREEN with nothing to lose, my friend then you are well on your way to make those riches you speak of. I’m not a gambler, my quarters have always been for the laundry. : ) There will be decisions like this from time to time. Sometimes they will haunt you but when you snap out of it, one realizes it was best at the time. I’m not driven by money and still, I get done what needs to be done, all in time and all worth it. The “glitter is not all gold”. … in due time, as it has been my path … I honor that. It has not serve me wrong thus far. |
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william ricely
williamricely |
Right on! Force be with u then. |
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