Inventor Reveals How To Profit From Your Ideas ...

Have you ever had a great idea and wondered what to do with it?

Does selling your idea seem difficult, complicated, confusing and expensive?

When I first started, I had nothing to show for my efforts but debt and an ever increasing list of people who confused me.

Maybe you can relate.

For some reason only a small percentage of inventors are successful.

In fact, 93% of inventions are never commercialized.

Obviously, something is wrong here!

There are a lot of people giving advice who have never invented anything or made any money from commercializing inventions.

They're all over the Internet.

Here are some interesting statistics.

In the United States there are 32,797 patent attorneys and agents.

The national average billing rate is $250 per hour.

That amounts to over 8 million dollars an hour, if there is enough work for everybody.

This generates 93% of the patents that are never commercialized.

According to the Federal Trade Commission, invention promotion companies (most of whom send out free invention kits) receive an estimated 300 million dollars annually from inventors yet their success rate for commercializing inventions is less than 1 percent.

Would you follow the advice of someone who had a 1% success rate?

Here's The Truth

There is considerable misinformation about what is important and what steps you should take with an inventive idea.

I'm not just talking about inventions, but any original great idea.

We're told to do the wrong things, at the wrong time, in the wrong sequence, for the wrong reasons with the wrong people.

It's a horrible mess of hype, lies, myths, disinformation, and misconceptions.

Why is this happening?

This Is Why

It happens because a lot of people make a lot of money selling you thousands of dollars worth of stuff.

We're told that it is very important to buy this stuff to be successful.

This simply isn't true.

Many of the people selling you stuff don't care about your idea or how valuable it is - they only care about selling you their services that will never make you any money.

Fairy Tale

It's the fairy tale that all you do is give someone a lot of money and you'll get rich.

I've never met anyone that has done this simple two-step get rich scheme.

All the rich innovators I know, have never done this.

You absolutely can get rich with a great idea, but there are key steps between getting the idea and getting rich and these key steps are common to all successful inventors.

Success

Success is directly related to convincing others that your idea and your ability to innovate will make them a lot of money.

You may be asking yourself: How do you do that without spending a lot of money? How do you get people to give you money for your ideas?

I'm going to tell you.

Two Questions For You

How many great ideas do you have?

How often do you have great ideas?

If you're like most innovators you probably have more than you can possibly handle.

You've probably had more innovative ideas in the past year than most people have in a lifetime.

There isn't a creative person who does not believe their idea is worth a lot of money, just like there isn't a parent who does not believe their child is beautiful.

There is nothing wrong with this. In many cases their idea is worth a lot of money.

But too often they spend tons of money worrying about protecting their ideas rather than establishing whether anyone would invest or buy them.

Many of us believe that we can't talk about our ideas to anyone until we spend thousands of dollars protecting and perfecting them.

This isn't actually true and there are ways to do this. Many of us are given false information about how to promote our inventive ideas and how to get people interested in them.

There are always companies, and individuals, who are interested in innovative ideas because that is how they keep ahead of their competitors. How do you do that without spending a lot of money? How do you get people to give you money for your ideas?

I'm going to tell you.

Sad Stories

Not long ago, I met a retired scientist who told me a sad story.

He paid an attorney $80,000 to patent a simple two-piece mold and then went broke.

About a month later, a carpenter told me how he paid $20,000 to an invention promoter for a 20 page “market research" report and "connections" to potential manufacturers for licensing. He went hopelessly into debt.

An electrician told me about how he had lots of great ideas but didn't know what to do with them because he didn't have any money. Later on, he was upset to learn that many of his great ideas were eventually invented by others.

THIS IS RIDICULOUS!

Find out the truth. Learn how to make money with your ideas.

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