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What about an Insider Funded Search?

skyrocket's Avatar

Sorry if this has ever been proposed but I didn't see anything. Okay I just want to say firstly this is a crazy idea and it's a bit rough around the edges. I don't have everything figured out about how it might work. I think EN should start an insider search funded by insiders and even non insiders could donate if they wanted to. Think of it as continuous crowd funding ala Patreon. I'll explain the details and you can tell me if I'm crazy.

So most insiders are waiting for the next product search hoping that their new ideas will be chosen by a company. If you have gotten a rejection of an idea that you were 99% sure it was really good then..... join the club. This post isn't about rejection though it is about trying something new. I think we can all agree not every good idea or even great idea gets chosen. This can be for alot of reasons. I think their should be a search for those ideas.

In this search I'd love to have insiders and EN staff vote on which ideas are chosen. Of course if you were in the search you wouldn't be allowed to vote. So maybe their could be a peoples choice winner and a EN staff pick. I know that not all categorizes would work. Some inventions cost too much and are to hard to make for a small company to produce. 

Well I can't speak for anyone else but I don't mind paying more for this in my subscription. I think insiders should have to choose to be in a search like this so its just an option not part of the normal insider subscription. I know that EN is probably already stretched thin but I think this might be profitable for their company. I know it would be worth it to the insiders but I dunno about EN so I can't say on that front. Also EN doesn't have to sell the product themselves forever. Once the product is a hit and sells like hot cakes I'm sure many companies would be willing to buy it from EN and take over producing and selling it. 

The reason why I think this could work is because insiders would support each others ideas and this might create a stronger EN too. Sometimes when I submit I feel like I don't really know what the company truly wants even after reading the search description over and over. This is not EN's fault or the companies. It's no ones fault but it would be great to not have to feel that when I submit an idea. Having an idea chosen by other inventors and EN staff would be great don't you think? Anywho I know its a long shot of ever happening but that's my rough idea I thought I'd share. What do you think? 

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crystaldiane's Avatar

Hi Patrick, I think you are suggesting something similar to Quirky - and THe Grommet which are other crowdfunded based invention marketing companies. However, both of these SEEM to be failing as businesses.  Crowdfunding seems to appeal to a more technical/younger group of people.  Just something to think about. 

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skyrocket's Avatar

Hi Crystal, I was on Quirky for awhile but quit because I didn't like the system. I believe I am proposing a better system than say Quirky. One where the community and Inventors are actually part of the process. I think you have all these inventors waiting around for the next search... why not use that and create an alternative to company searches. I would wager to bet most inventors here have tried to or have thought about starting their own business. If you have a large group of creative people willing to pay and be a part of the process why not try? Were all creators so I'm proposing that EN and us inventors create something. 

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crystaldiane's Avatar

I guess I am having a hard time getting my thoughts around this.  I do know one thing for sure - when you have a lot of people involved its nearly impossible to gain consensus.  Im not clear on the 'structure' of this - perhaps you can flesh it out a bit?  But most of us Inventors are not cash rich and costs - even kind of small to some -matter to a lot of people including myself.  To launch ANY product you are talking tens of thousands of dollars if not more - so i dont know how a few people could captilize this - just my two cents...

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magurn's Avatar

Hi Patrick!

Thank you so much for your suggestion! We'll definitely consider it. One of the most important things we always consider and why we do not share ideas is due to the intellectual property associated with those ideas which is why we have not done any type of "crowdsourcing" arrangement to date.

But, it is definitely something to toss around and we appreciate the idea!

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skyrocket's Avatar

Thanks for the responses.Well its just a rough idea. I also had another. I recently started using Fiverr it's an app that you can sell digital and physical goods. Imagine  if their was a app for inventors like this. Sure you can try and sell your invention on your own but it is extremely tough. 

Having a company like EN at least back your invention would mean alot. It would be great if there was a process to help broke inventors with a great idea get a patent and at least start the process of getting to market. EN could have its own market place for inventors to sell their inventions to who ever wanted to buy. It's not a perfect example but its an idea. When you create a prototype and then create the real thing most of time you put it in storage or just through it away and give up. Theirs no market for inventions that don't have a business behind it but their could be. Going solo and trying to sale your invention by yourself is extremely hard. 

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crystaldiane's Avatar

I love the Fiverr app. I have used them for many things in the development of my various projects.  In fact, I am using them right now for new package design for my current first generation products I make and sell locally.    I think the best part of it for me but also the most PAINFUL Part, is that an app like this requires one to be razor clear on their objectives.  The process itself is challenging but the outcomes, when you 'click' with your resource on the other side are stellar.  But never has there been a better time in my life where ordinary people can connect with the extraordinary.  Interesting idea....something new to ponder.

Karen C Adams
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