How To Sell Your Invention To A Company

Here is a summary of what's involved in selling your invention to a company:
Preliminary step: Secure your patent rights in the idea/invention first - file a patent application if possible BEFORE you attempt to sell the invention. If you don't have a patent application filed, then you'll need to have everyone sign a confidentiality agreement (including prospective companies).

1. Preparing the Idea or Invention for Demonstration:
Develop the idea to the point where it can be reliably demonstrated. Make a working prototype if possible and make that prototype as professional looking/working as possible. Use 3D printing if necessary. If it's a software invention, then develop it sufficiently that you can demo the software easily with the software performing smoothly and without glitches. The goal here is to make a prototype/demo that will blow people away! Make it as impressive as you can.

2. Identify the Companies You Want to Sell To:
Think about the sort of company that might be interested in purchasing or licensing your invention. If it's a physical product, then target manufacturers. If it's a software type product, then consider a service provider as a sales target. Use a business directory to target companies that match the companies you think might be interested. Search the database for companies that manufacture or sell similar products or services. You're more likely to have better success with a smaller local company, so search using location and number of employees. Google "business directory" and you'll find links to multiple websites and resources that can supply you with suitable lists of business which you can apply. Just get the contact information for the CEO or president or other key executives of the companies so you know who you have to contact.

3. Pitching your Invention for Sale to the Company:
This step is the hardest. The key here is to get in actual contact with the CEO, president or director of the company. You want to make a direct contact with the person who is "in charge" of the company. Avoid submitting the invention/idea to the "invention submission" department of the company and instead try to submit it directly to the "person in charge" of the company. A personal meeting is always best, so try to arrange a personal 1 on 1 meeting with the president/CEO of the company and give that person a demonstration of your invention. Presidents/CEOs are very busy, so make your presentation/talk/demo VERY quick and to the point (a few minutes at most). In the "sales business" this is called the elevator pitch - a pitch which is so short and to the point that you can lay it all out in the time it takes to ride the elevator with someone.

Conclusion: It's not easy to do, but if you take a methodic approach, you can maximize the chances of selling your invention to a company. Make your demo as profession and "wow inducing" as possible and try hard to get a personal 1 on 1 meeting with the key decision maker in the company. Expect rejections but stay optimistic and enthusiastic.

[matomeamos]

Greetings Elias....It is True... it is very difficult to reach critical decision makers of a company when it comes to selling a patent.
The best way for them to steal your invention is, immediately after your presentation they will tell you that "our in-house team is already working on it"... That's when you realize that they stole it on the spot.

[carolinekariu]

Extremely helpful information.
I am grateful.
Let me now work on my idea.

[malcolmekoolkid]

Thank your for the advice .im also working on one of my gadgets

[garygallegos]

Very informative, lots to think about.

[CALI]

Thank you so very much for this information.

[paperdollartzgeniuz]

Thank you so much. I have been told that my product is a knockout, so I need all the information that I can get from you. I'm like a student (with all ears) in your classroom.

[thairshegoes]

great information thank you for sharing !

[enzotech]

Hello Mr Elias i am a youtuber from Cameroun and the owner of enzotech Channel, i am very grateful for all what you said, i am an inventor or rather an innovator but for long now i am keeping my inventions in my shelf because i am afraid of those Big firms and Also i needed someone like you to clarify me in the simplest way as tout did in this video.How Can i get to make you see my invention so as to helf me sell it to a company?I have a short and explicit video description of my invention.thanks

[dolardesai]

very informative video. I am looking for help to market my idea.

[mattmacdonald]

I invented an overhead disinfection system for businesses and public places. I have the patent, drawings, video and the University of Georgia built the prototype and it won 3rd place out of 104 entries in their engineering competition. I think it could be good for public transportation, doctor's offices, etc. It uses disinfectant spray or UV lighting. I need help launching it. It can also disinfect grocery carts.

[HITCH-EASE]

What an interesting video. I have done most everything suggested in this video and have found you to be correct in your analysis. I have had two major companies and one smaller company express deep interest in my prototyped and patented product only to be rejected as the process continued due to back logs of their own products. I am continuing my search for a license agreement.

[jaredmerson]

Subscribed thank you I have a really great idea and I’m struggling with building the idea but I do need to find out if the invention already has a patent but I doubt it

[ClashGardener]

*Subscribed.* Hell I need a good friend with this sort of help. I have a lot of ideas I'd love to find a company.

[Illumislights]

I have the next generation SMART lighting with broad IP and am completing a working demonstration model. I have the key clients identified at least in terms of companies if not the key person and would really benefit from 3rd party input to create an excellent pitch. May I draw upon your experience to enhance my chances of success?

[gee]

Hi do you have examples of products you have successfully patented and help take to market ? Thanks

[TheMagicTaco]

Awesome video! Could you make a video on how to price your invention to sell to a company?? Thanks for your great tips..

[mvpstarz]

How can I find the companies directory's data base can you give us a link to find it or look up companies to sell your idea and I do have it patent pending. I don't have the finance's to proceed in my startup

[mottieful]

Your video is very informative. You've helped me so very much...and in less than 15 minutes. Thanks.

[rafaelbaeza]

Hi, , , , l do have a Drawing Idea (illustration), , , can you help me get it to a buyer company ?

[art_team]

Great info. Thanks. What type of patent would you recommend?