People frequently believe that the only method to profit from an idea is to turn it into a business. And while this is one method to see your ideas become a reality, other companies are willing to compensate you for your innovative concepts.These organizations are seeking a new perspective on their product lines. If your mind is continually generating creative solutions, there is no harm in selling them for money.
Is It Possible to Make Money From Your Ideas?
Examine existing or pending patents, trademarks, and copyrights before submitting your ideas to a company. It may be worthwhile to hire a patent attorney to ensure that all jurisdictions are covered. Once resolved, you can proceed to the following list of companies eager to receive your suggestions. There are additional websites on the internet that accept suggestions for the companies listed below. However, these organizations merely function as middlemen and reduce your potential profit.
The following is a list of top idea-paying companies.
AUTOMOTIVE SECTOR
Ford
Ford Motor Company is an automobile manufacturer that prioritizes “freedom of movement” in its business practices. They have been developing new automobiles for well over a century, so they are well-versed in the process of turning ideas into finished goods. You are able to send them direct submissions of your innovations.
General Motors
Another car firm on the lookout for environmentally friendly modes of transportation for humans. They are seeking for the next suite of inventions to add to their repertoire, which already includes the catalytic converter, electronic starter, Onstar, and airbags, and they need your assistance. By following this link, you will be able to submit your inventions to General Motors.
HOME IMPROVEMENT
3M
The production of abrasives, adhesives and tapes, films, filtration, and other similar goods is the primary focus of the company. You can send 3M a description of your invention using this link if you have a new piece of technology that relates to health care, office supplies, or electrical devices.
Coleman
Is going on camping trips something that interests you? You most likely utilize Coleman’s outdoor equipment like lights, tents, or stoves when you go camping or hiking. You may send Coleman your suggestions using this link if you have any more ideas that might be useful on your trip.
Colgate-Palmolive
The organization is always looking for new ways to improve its offerings in the following product categories: oral, personal, home, and pet care. You are welcome to visit the site that Colgate-Palmolive has created if you have expertise in areas such as quantified health and analytics, new business models, biotechnology, new delivery systems, and the like. The is the link.
Dorman Products, Inc.
This company’s primary focus is on product distribution; nevertheless, they are looking for fresh innovators of hardware, houseware, or automotive items. Follow this link to communicate your thoughts and suggestions to Dorman Products.
Spectrum Brands
This one is for you if you’re interested in things like home and garden, hardware and home renovation, worldwide pet care, or home and personal care appliances. Within this link, Spectrum Brands is looking for creative suggestions and ideas.
Henkel
The Adhesive Technologies, Beauty Care, and Laundry and Home Care businesses are the core aspects of this corporation’s operations. If you have an original concept that you would like to share with Henkel, you can do so by following the link provided in their partnership program.
Jokari Home Solutions
Another retailer of home goods is at your disposal now. You can send in your suggestions using this link if you are in the process of inventing a new appliance for use in the kitchen or anything else that might assist you in better organizing your home.
New Soda
Cooking is a skill that is required of everyone, regardless of whether they have a family or not. Inconveniences are bound to arise in the course of carrying this out on account of the tools that are currently at hand. The company New Soda specializes in providing customers with easier and more simple ways to prepare food. You can provide New Soda with details regarding your one-of-a-kind concept for the kitchen by following the link.
Coastal Pet Products
If you have some furry friends living with you, you will want to provide them with the finest possible care so that they can enjoy a longer life. Coastal Pet Products welcomes inventions, and you are welcome to send the company your own unique idea.
FOOD
Starbucks
If you’re the kind of person who drinks coffee first thing in the morning, you may have some recommendations for Starbucks. You can either propose an original proposal or suggest an improvement to one that has already been proposed. Click on the link for further information.
Hershey
Hershey is interested in hearing from you if you are a baker yourself or if you are a sweet tooth who has some ideas on how to better handle chocolates since they want to improve their products. You can submit your entries by following the link provided below.
PepsiCo
PepsiCo, one of the most successful corporations in the food and beverage industry, has decided to invest in technology. You can go to this link if you want some ideas on the procedure and the equipment, the product and the ingredients, the packaging, and the materials. You are free to still send in your submission, even if it features a solution that differs from the ones that have been presented above.
Unilever
This organization is always looking for new designs and innovative technical solutions for their wholesome goods. You can submit your ideas at U-Partner Open Innovation by following the link provided. This will enable the company to target your thoughts either toward their needs or toward any open competitions.
General Mills
The company primarily operates as a food business with the goal of enhancing the wellbeing of its customers. They are looking for suggestions concerning marketing messaging and Betty Crocker kitchens. You can email your suggestions using this link if you want to submit them.
SPORTS APPAREL
Under Armour
If you are an athlete or know someone who is, you may have recently become aware of certain concerns regarding the clothing alternatives available to them. Those might work as a solution for the next product from Under Armour. You can send us your suggestions by clicking on this link.
Nike
Another clothing company that is ideal for any vigorous neighborhood is presented here. Nike is interested in working with both established firms and individual inventors like yourself who have ideas that can enhance the way customers utilize their products. You are welcome to check out this link if you already have something in mind.
New Balance
New Balance comes in last on our list. This company also focuses on athletic footwear, clothes, and related accessories in addition to its primary business. They are receptive to new product concepts and designs. You can find further information by following this link.
HEALTH
Boehringer Ingelheim
Boehringer Ingelheim is looking for new and innovative ways to improve both human and animal health. Their primary focus is on developing new treatments that would either lengthen the lifespan of humans and animals or provide better protection against disease. You can send us your suggestions by following this link if you work in the medical industry.
AGRICULTURE
Syngenta
A business that specializes in agriculture is investigating various agricultural-related fields, including biotechnology, synthetic chemicals, germplasm, breeding, and seed technologies. You can check out this link if you think you have what it takes to do this.
Bayer
Another agricultural company on the lookout for potential solutions out in the field is this company. If you are interested in developing innovations for this particular company, you may use the link provided below to send them a direct message with your suggestions.
Other
Nokia
Nokia, which is making a comeback in the technology landscape, is looking for inventors who are not affiliated with the corporation. Follow this link if you are interested in the development of electronic devices and would want to contribute your ideas. They have previously prepared a diagram that shows what to anticipate when they examine your design.
World Vision
World Vision does not shy away from the difficulties of social innovation. You can visit this page to find out what opportunities are currently available if you are interested in participating in competitions to find solutions to various problems that exist in a variety of nations that are currently considered to be developing.
Making Money With App Concepts
The prevalence of mobile phones is evident in both entertainment and productivity. The mobile app industry is thriving, improving the lives of users in a variety of disciplines. You can earn money from your idea in the following ways:
- Sole Production – If you have coding-savvy pals, you can create the application on your own. Sell the app where you are certain to find your target market. The return on an investment will result from the acquisitions.
- Free Demo – Limit the amount of time or services that users can test your app for free. Once you’ve piqued their interest, they can utilize your app’s comprehensive capabilities.
- Advertisement – Whether or not you have exclusive access to the app, you can position ads to increase your earnings.
List of Companies Buying App Ideas
This company is one of the most successful app stores, which is known as the Google Play Store. You will have access to a large number of clients who are using the Android operating system if you choose to offer your software on this platform. You can submit your ideas by going to their website.
Apple
The Apple Store is yet another industry leader in app stores. Specifically because of iOS, a large number of people are utilizing their products, and this does not only include phones. You can visit their website to learn more about the steps involved in carrying out the process.
Mobile App Fund
If you do not have a stand-alone app, you can try submitting your app idea to Mobile App Fund instead. You can earn the shares in their profits as they release it to the market.
Supercell
The program known as “Clash of Clans” was developed by this company. They have a global presence and are therefore familiar with the products that are successful in the market. Your suggestions can be posted on their website if you so like.
King
Another company whose primary focus is on video games may be found here. Candy Crush, an app that is still popular to this day, was developed by King. You can visit their website and make your suggestion if you believe you have a good one for breaking up the monotony of everyday life.
Additional Tips in Submitting Your Ideas
It is not as simple as filling out the company’s consumer feedback form to sell your idea. You are responsible for determining whether this aids in achieving the goals of consumers, including your own. Focus on how beneficial it would be for the company to implement your idea. They are interested in discovering ways to make their products sustainable from the beginning. Remember that products address problems for consumers so they can perform tasks at home or at work more efficiently. In the submission portal, be as succinct as possible about what this idea can contribute. Give only what they request. Some businesses require necessary information, while others require a 3D model to better visualize the product.
Consider the abundance of submissions seeking royalties or commissions for their ideas. You must be strategic about where you provide your valuable insight. Additionally, recognize that not everything is worth a million dollars. Your idea may be lost if you do not permit the company to test it and generate its own profit. If you are still uncertain about the best approach to take, you can examine the current obstacles in your way of doing things. Whether at the office or at home, there will be tasks that you can perform more quickly and effectively. That will be optimal for companies attempting to improve their consumers’ processes, as they will eventually discover their relevance in the consumer’s life.
