How To Sell Your Ideas And Earn Royalties

Here is a way to cash-in on your ideas you may never have thought of but there are people who do nothing
but this and earn lots of passive income!

IMPORTANT:
This report is not meant to replace solid, competent legal advice, nor is it to be seen as legal advice. Please seek competent legal counsel before signing or preparing any legally binding document. The purpose of this report is for entertainment and informational purposes only in regard to the subject matter.

Having said that, here’s the way this business generally works:

If your ideas are unique, some company just may be willing to pay big bucks for some of them. Let’s talk about how to protect your ideas to make sure that you get paid for them.

Your saleable ideas can be something tangible or intangible. Ideas include such things as mechanical
methods, chemical compounds, designs, works of art, advertising and business plans, ideas for improving
a design, flavor, etc. of an existing product or service.

Millions are paid out to idea men each year by various industries. If your idea will increase production, increase sales or improve the product they might be willing to pay substantial money when they accept it either through a single lump-sum payment or royalties, or a combination of both.

First, you need to know how to protect the ideas that you generate. Ideas that are made public by word of
mouth or even in writing become public property unless you first make an agreement to retain all rights to
the expression of your ideas.

You can further protect the expression of your ideas through a copyright, trademark or patent, but in most
cases that is not necessary for this plan.

Let’s say that you have an idea for increasing the sales of an existing product for company XYZ. Write them a letter similar to this one in duplicate:

SAMPLE:

Gentlemen, I have developed a new idea for increasing the sales of your product. This new method might not increase your costs in any manner. If you are interested in the full details I shall forward them to you upon receipt of the below signed agreement.

AGREEMENT TO REVIEW IDEA.

We the undersigned agree to receive, in confidence, full details about an idea for increasing the sales of widgets as submitted by (your name).

It is further understood that we assume no responsibility whatever with respect to features which can be demonstrated to be already known to us. We also agree not to divulge any details of the idea submitted without permission of (your name) or to make use of any feature of information of which (your name) is the originator without payment of compensation to be fixed by negotiation with (your name) or his lawful representative. It is specifically understood that in receiving the idea of (your name) it will be
reviewed in confidence and within a 30 day period we will report to (your name) the results of our findings and will advise whether or not we are interested in negotiating for
the purchase of the rights to use said idea.

Have them sign both copies and return one to you.

Why would they sign this? Number one, if it is a really valuable, new idea it could significantly increase their profits or reduce costs if your idea does both, then even better!

Once the company has signed this you must submit complete detailsof your idea to the company. After they review your idea they must, by law, follow the instructions of the agreement.

There are a number of people earning a really good living ($100K+/yr) just thinking of new ways to help market or improve other people’s products and services!

Some are earning substantial money, $1 Million and more.

Just imagine one small improvement made to an existing product that pays you just 1 cent per unit in royalties. If millions of these are sold each year, you’ll make money non-stop for years to come - all passive income.

The sky is the limit but just be sure that you first get the agreement signed prior to disclosing your idea or
submitting any details at all. It’s true though, many companies will be reluctant to sign these agreements, but those that do can be your path to a whole new (passive) way to make money.

To increase your chances of having ideas accepted, spend lots of time preparing complete (and I mean complete) details before you submit them. This is the key!

Include illustrations of drawings if it’s necessary, or even complete 3D ‘models’ to help sell your idea or flow-charts, etc the more professional your presentation the better your chances are of getting it accepted.
 

Nick Marks