What to do if you think you have a million dollar idea?
Table of Contents
What to do if you think you have a million dollar idea?
Go online and visit uspto.gov, The U.S. Patent and Trademark Office website. You can see if your idea already has a patent on it. If it does, contact the inventor and see if you can get rights to market/sell it. A lot of times, the inventor doesn’t have those skills, or he tried and gave up too fast.
How can I get rich off an idea?
1. Find a Business That Is Already Living Your Idea
- Sell Your Services on Freelancing Sites.
- Give Your Idea to Somebody Else (for $$$)
- Make It a Side Project.
- Wait It Out.
- Go to Focus Groups.
- Make Money Off Your Ideas.
How do business ideas make money?
Some of the latest ideas to make money are mentioned below:
- Freelancing for Professionals: Freelancing is one of the options to earn money instantly, as the freelancer receives the money just after the project completion.
- Food & Beverage Business:
- Blogging:
- Boutique:
- Digital Marketing:
- Custom Jewellery:
- Conclusion:
What businesses make a lot of money?
The Most Profitable Business by Sector:
- Accounting = 18.4\%
- Lessors of Real Estate = 17.9\%
- Legal Services = 17.4\%
- Management of Companies = 16\%
- Activities Related to Real Estate = 14.9\%
- Office of Dentists = 14.8\%
- Offices of Real Estate Agents = 14.3\%
- Non-Metalic Mineral and Mining = 13.2\%
What is the best advice for someone with a Million Dollar Idea?
The best advice for those wanting a million dollar idea is to forget about the million dollar idea. The money winning idea is born out of a want for something more than money. The money is the means, not the end. For Roger Adams, it was the yearning for the nostalgia of childhood.
What is the connection between a Million Dollar Idea and regular idea?
The final and most important connection between a million dollar idea and a regular idea is the response of the marketplace. Even if others see it as a great idea, the consumer must want to buy it. When the idea is right, the marketplace responds.
Darrell Zahorsky is a former writer for The Balance Small Business. He is an experienced search engine optimization (SEO) and marketing manager. Million dollar business ideas have no boundaries, age limits, race restrictions, timelines, or economic class.
How do you convince a big company to buy your idea?
Get them to sign a non-disclosure on the idea (this probably won’t happen because big companies say ‘you are not giving us any ideas we do not already have’. And they are usually right! 2. Make it look like a full product or service and sell it. Get the order and then build it to suit them.