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How to profit from product ideas?

Discussion in 'Off Topic' started by rtz, Sep 18, 2016.

  1. rtz

    rtz Member

    Joined:
    Nov 26, 2013
    Messages:
    142
    Location:
    United States
    I have a list of items to be made. I could approach a company that makes similar ideas and they'd say "thanks, that's a great idea" and proceed to make it. And I would be no better off financially for it.

    My question is; how do I make any money from an idea? I don't feel making the product myself is the answer as other companies will eventually make similar items; most likely at a lower cost.

    An example idea:

    [​IMG]

    As you can see; the situation with that flag is less than ideal. Yet that is the case in many windless or light wind areas. Solution is two flags on offer. One built heavy duty explicitly for use in highwinds. The other; built very light weight and also employing some other tricks to make the flag always look good even in no wind or light wind.

    [​IMG]

    Now some company that already manufactures flags could offer specialized models for specific applications. Now how and why would they pay me for my "idea"?

    I have many more "ideas" for products that don't currently exist on the market; but how do I make any money from them?
     

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