How to sell your invention

The submarine and mobile communications once seemed only a figment of the imagination of writers. Today it is a familiar reality, without which we cannot imagine the modern world. A good idea is not only a gift to humanity, but also a valuable commodity.

You will need

An idea or invention, as well as at least a small amount of money

Instruction manual

1

Patenting. The first step is to focus on obtaining a patent. This is a title of protection that is issued for an invention and certifies the exclusive right of its holder to use a patent for an invention during its validity period.

This right will cost the inventor at least 3 thousand rubles. But the idea passes into his ownership for two decades, i.e. upon successful implementation of the project during this time, the patent holder will be able to receive dividends from his invention

Obtaining a patent is a necessary condition. However, the shelves of the Russian Patent and Trademark Service, occupying a 200-meter corridor, store thousands of folders with ideas and developments. Meanwhile, according to statistics, only one in a hundred inventions gets a ticket to life.

2

What to do next? As in the Russian fairy tale, there are three ways. The first option is to receive deductions for the use of intellectual property. If the patented product will be produced and sold, the inventor will receive a certain percentage - “royalties”.

The second option is to put the idea in the origins of your own business. In modern Russian realities, this is the most difficult way. A decent start-up capital is indispensable, and the prospects are very vague.

And finally, the third solution is selling the rights to the idea, i.e. patent. Thus, once having received a fee, the inventor loses the right to lifetime dividends, however, and gets rid of all kinds of risks.

3

You can sell a patent by your own efforts. The Internet will become a reliable ally in this endeavor.

Start by creating a website or blog. By spinning up a webpage dedicated to preference or an idea, it is much easier to attract companies interested in innovation. So that potential buyers do not pass by, do not hesitate to leave a link to a blog on specialized forums and sites.

You can use the services to place free ads that work with the purchase and sale of intellectual resources. Typically, these sites are a database of ideas for new products, equipped with a convenient search system for customers.

And finally, you can resort to the services of patent brokers. They will provide professional assistance in preparing documents, developing a sales strategy for an idea, and finding a buyer. Some sites that offer services of this kind are involved in

selling intellectual property through an auction.