How Do I Start Selling My Invention?

What is the most profitable invention ever?

The light bulb is arguably one of the most game-changing and lucrative inventions ever created..

What hasn’t been invented?

26 Products You Can’t Believe Don’t Exist YetSquishable cups made from edible Jell-O. … A towel dryer that not only dries your towels, but disinfects them with UV light. … Shoes that easily transform into a mobile shelter. … A water sterilizer for your fresh foods. … A memory foam chair, otherwise known as the “Never Leaving My Goddamned House” chair.More items…•

Does InventHelp steal ideas?

In fact, the suit alleges, InventHelp does not make sure it sends clients’ inventions to legitimate, operational companies still interested in receiving new ideas. … Indeed, the lawsuit claims, the industry “matches” were “baffling.”

Is being an inventor a career?

As a full-time career, inventing provides an uncertain living for all but the most talented. … Many inventors work part-time as inventors and spend the rest of their time in jobs as engineers, corporate research scientists, or in academia. Still, a good idea can be worth pursuing.

What can I sell to make money?

Here are 10 things you can sell to make money today.Books. You probably won’t get rich selling old books online. … Gift cards. Unwanted gift cards can be turned into cash. … Furniture. Make more space and cash by selling old furniture. … Clothing. … Sports equipment. … Disney VHS tapes. … Scrap metal. … Kids toys.More items…•

How do I sell my invention?

Three Steps to Selling Your IdeaKnow your market. This means gathering as much feedback as possible on your own invention idea. … Do some legal legwork. Go as far as you can to determine if your invention is patentable or if it can be produced without infringement on other filed patents. … Look into production.

Can you sell an idea to a company without a patent?

Yes, you can sell an idea to a company without a patent. However, the company needs to enter into a contract such as a nondisclosure agreement (NDA). Otherwise, they can steal your idea. Unfortunately, many companies will not enter into an NDA.

Where do I start my invention?

5 Steps for Turning Your Invention Idea Into a ProductStep 1: Document It. Image credit: Shutterstock. … Step 2: Research It. Image credit: Shutterstock. … Step 3: Make a Prototype. Image credit: Shutterstock. … Step 4: File a Patent. Image credit: Shutterstock. … Step 5: Market Your Invention. Image credit: Shutterstock.

How much money can you make from an invention?

A recent survey showed that 54 percent of inventors think their invention will make over $5 million with another 24 percent expecting at least $1 million.

What jobs make you a billionaire?

15 Jobs that Can Make You a BillionaireInvestment Banker. There’s plenty of confusion about what investment bankers actually do. … Author. Becoming a successful author is not a breezy walk in the park; it’s more like running a marathon on a scorching day without any shoes on. … Athlete. … Entrepreneur. … Lawyer. … Real Estate Developer. … Surgeon. … Inventor.More items…•

How much do inventors make on royalties?

Royalties often range from 2% to 10% of net revenues. Such inventors often choose to form a business and to manufacture and market the product themselves. Of course, this will require considerably more financial input than licensing.

What if my idea is already patented?

People can easily discover whether an idea is patented already. … The United States Patent and Trademark Office (USPTO) checks your concept compared to present patents and pending patents. Your patent will probably be rejected if it is too similar to a present patent, and you will lose the application fee.

Who is the richest inventor?

Top 10 Richest Inventors in HistoryThomas Alva Edison – Estimated Net Worth Today: $200 Million.Alfred Nobel – Estimated Net Worth Today: $300 Million.Richard Arkwright – Estimated Net Worth Today: $310 Million.Gary Michelson – Estimated Net Worth Today: $1.5 Billion.James Dyson – Estimated Net Worth Today: $3 Billion.More items…

How can I get a patent with no money?

If you don’t have money now to patent, apply for a provisional patent (costs around Rs. 2000/- without any professional help). It gives you a window of one year by which you have to submit the complete specification of your invention. Try selling your product during this period.

Who is the youngest inventor in the world?

Sam Houghton. Samuel Thomas Houghton is a British inventor. In April 2008, at the age of 5, he received a patent for his “Sweeping Device With Two Heads” invention.

What inventions would make you rich?

12 Inventions That Could Make $1 BillionEnergy storage. A man installing solar panels | iStock.com. … Asteroid mining. This astronaut knows you have a billionaire inside you | NASA via Getty Images. … Cheap, portable water filtration. … Superior fracking tech. … Reverse microwave. … (Good) meatless meat. … Scalable desalination. … Antigravity.More items…•

Can a patent make you rich?

Having a patent will not in and of itself make you rich. … You may also hear about the poor inventor who toiled away for their entire career, came up with a great idea but didn’t protect their invention with a patent, and so companies made millions of dollars from the idea but never paid a single cent to the inventor.

What is a poor man’s patent?

A Poor Man’s Patent. … For those of you who are not familiar with it, a “poor man’s patent” involves mailing a description of your invention to yourself in order to authenticate a date of invention for you by the Post Office. “The proof is in the sealed envelope and the date the postage was cancelled.”

How do I get an invention with no money?

What You Should Do With an Invention Idea But No MoneyDocument Your Invention Idea.Research the Idea to Ensure it Will be a Success. Initial Patent Search. Market Research.Creating a Prototype.Filing for a Patent.Marketing the Invention.Finding the Money. Finding an Investor. Inventor Financing. Loans from Friends and Family. Angel Investor. Search for Grants.

Who is the poorest person in world?

Niger. A combination of a GNI per capita of $906, life expectancy of 60.4 years, and a mean 2 years of schooling (against an expected 5.4) lead to Niger topping the UN’s human development report as the world’s poorest country.Central African Republic. … South Sudan. … Chad. … Burundi. … Sierra Leone. … Burkina Faso. … Mali. … More items…•