How to exploit an idea
How much does an idea contributes to the success of a new business? Not much, what matters is execution. So the question seems to be: “How to exploit an idea?” What do you do when you have a great idea? The solution is not to throw it or put it in a drawer.
Depending on the type of the idea and the founder’s skills and finance, there will be available different opportunities.
The first step is to browse the web to see if this idea has been used, or if it is possible to execute it differently by offering added value to customers, gaining an edge over the competitor.
If you don’t want to undertake a new business, if we don’t have enough money or skills, then there are two alternatives: to sell it or to donate it for social purposes (an example is the OpenIdeo website where you can offer ideas and solutions to problems for humanitarian purposes, such as maternity or education in developing countries).
In most cases, the creator would like to profit from his labors. If it is a patentable invention it will be necessary to deposit the patent or sell the idea before patenting it to avoid high costs. However, in the second case you don’t have warranties, so it is better to carefully evaluate the buyer before revealing too many details.
However, if you have non-patentable ideas, it is still possible to show your idea in order to attract potential buyers. One way is to publish it for free on innovingbiz.com. By disclosing only the information necessary to attract attention.
On the website you will also be able to publish patents or models for sale or in order to find partners / money.
If you need more informations about our website or if you know other ways of “how to exploit an idea” write us!