How do I sell an invention to a company?

You can sell your invention idea, or you can outright sell the invention itself for one large lump sum as compensation for your idea. The second option is to enter a licensing agreement. You would collect royalties each time your product is sold.

Can you make money selling an idea to a company?

Many modern inventions involve patents, which allow inventors to make money out of their innovative ideas. However, selling your business idea is not a simple cut-and-dry deal. To get paid for your ideas, you first need to develop them into something the market will take interest in.

Who will buy my invention?

Companies That Pay for Invention Ideas

• Idea Buyer. Idea Buyer is a product development company that will help you bring your idea to the market.
• Sharper Image. Sharper Image produces and sells various items such as toys, electronics, gadgets, and technology.
• Dewalt.
• Cal-Van Tools.
• Avery.
• Mattel.
• Unilever.
• Nautilus.

Where do I go with an invention idea?

Visit the U.S. Patent and Trademark Office (USPTO) website and investigate any patents on items like the one you want to invent. If you have questions or want to be sure your invention is legal for you to create and sell, consult with an attorney specializing in patents and IP law.

How much does InventHelp charge?

InventHelp cost InventHelp does not publish rates on its site, but, according to the New York Times, a two-year agreement can cost $800 to $10,000. The price varies based on the marketing plan and what services you utilize.

Where can I take my invention idea?

Whether you want to produce and market your invention yourself or license it to another company, the only way to make money from your invention and to guarantee that no one will steal your idea is to file a patent with the U.S. Patent and Trademark Office.