Did you know that your ideas can earn you money? We’ll look at the different companies that buy ideas so you can get paid for your creations.
If you have a lot of great ideas, you’re probably on the lookout for companies that buy ideas. The good news is that there are businesses that will purchase your invention ideas and much more.
Coming up with a fantastic and unique concept is simple for some people. If you are one of those people, there is no reason why you should not be compensated for your inventions.
The key is to figure out how to make money off of your ideas. It’s a great way to make money if you can pull it off. You simply come up with new, scalable solutions to real-world problems.
While some businesses will purchase your inventions, others will pay you for your ideas, such as a new app or a way to make mowing your lawn a lot easier.
I’m attempting to make money in as many ways as possible in order to secure a source of income that will last indefinitely. Inventions are the only thing where you can earn royalties for the rest of your life if you hit it big.
Personal Capital has allowed me to keep track of my cash flow and net worth for free. It’s been a fantastic way to keep track of all of my finances in one place for no cost.
The sections that follow are divided into the following groups:
Companies that are interested in purchasing your invention or invention concept, as well as
Companies that are interested in your app concepts.
Sell Your App Creation on an App Market
You have a few options if you’ve already developed your app idea and want to sell it outright. App markets are similar to eBay, except you’re selling your app code instead of a physical item.
Markets to Assist You in Making Money From Your App Ideas
Flippa is the most popular online marketplace for buying and selling apps. Flippa has the lowest market fee for sellers, and since there is no fee for buyers, your app will be seen by a large number of people.
Companies that Buy Invention Ideas
A list of companies willing to pay you for your inventions is provided below. Outdoor, petcare, supplies, medical, and other industries are represented by the businesses. Let’s get started.
This is the parent company of the Right Guard and Dial soap manufacturers. The Henkel Partnership Program is also run by them. This is a competition that they host for aspiring inventors and technologists.
Those who have new inventions or ideas are encouraged to submit them to the program. New ideas in the areas of laundry products, home care, cosmetics, and adhesives are particularly appealing to the Kenkel Partnership Program.
They also promote environmentally friendly concepts.
2 Sharper Image
This is a business that prides itself on being ahead of the curve when it comes to technology, toys, and cutting-edge gadgets. They form teams that are solely responsible for sifting through the ideas submitted by new inventors.
Sharper Image requests that you send them an email with a description of your product, as well as a picture or video, when you submit a new idea.
If you have already begun producing your invention, they would also like you to include information on sales numbers and where it is being sold.
If you’re familiar with 3M, you’re probably not surprised to learn that the company welcomes new inventions. 3M is constantly releasing new products.
This company manufactures a wide range of products, including electronics, office supplies, and health care items. Here is where you can submit your invention idea to 3M.
This is a medical technology-focused firm. They disseminate new medical research to the general public in order to improve patient outcomes around the world.
If you want to submit your ideas, the company provides an Acceptance of Terms form that you must agree to and sign.
You must mail the form, along with your product ideas, to the address provided.
5 Dorman Products
This business specializes in hardware, housewares, and automotive items. Dorman is primarily a product distributor, but they are always on the lookout for new items to add to their inventory.
If you are already producing your product, you can send them a 3D sample for their review team to consider.
6 Jokari Home Solutions
If you have an invention idea that falls under the category of houseware, Jokari Home Solutions is always on the lookout for new products to sell. You should consider submitting your idea here if you’ve created a new kitchen gadget or home organization product.
On their website, Jokari Home Solutions has a form where you can fill out your information and send it in for consideration.
7 Coastal Pet Products
This business is dedicated to providing consumers with the best pet collars and leads. This could be the ideal place to pitch your idea if you’re a pet lover.
They are constantly on the lookout for new product ideas that will improve the lives of pets and their owners. Company would be interested in hearing about your idea for a new type of pet collar.
8 Hearlihy & Company
Hearlihy & Company manufactures a wide range of educational materials, from drafting tools to Life Education and technology.
This is a good company to submit your idea to if your invention falls into this category.
9 Builders Inventions
If you’re a tradesperson with a new tool idea, there are Companies that Buy Ideas, such as Builders Inventions. This business specializes in manufacturing tools designed by builders and tradespeople.
You can contact this company to learn more about the submission process if you have an idea for a tool that contractors and builders could use on their job sites.
If you have an idea for a gadget that would be useful for outdoor recreation, Coleman is one of the companies to look into. Coleman manufactures a variety of outdoor products, including camp stoves, tents, lanterns, and even camp trailers, to name a few.
You can contact them and submit an idea for an outdoor product that would be a good fit for their offerings.
Wild Planet Entertainment
Toys made by Wild Planet Entertainment encourage children to be creative. Their products are designed to spark a child’s imagination and encourage them to learn more about the world around them.
Wild Planet Entertainment is committed to creating products that are both safe and enjoyable for children of all ages.
If you have a product idea that fits within this company’s product line, you should contact them and inquire about their idea submission process.
Pro Performance Sports
This company specialized in sports training equipment. If you have a product idea that you think would be a good fit for Pro Performance Sports, you should print a copy of their submission form and send it to them as directed on their website.
Companies That Buy App Ideas
The mobile app market is massive. As a result, mobile app insiders are constantly vetting app ideas from their neighbors, children, and relatives.
The sad reality is that most app ideas never get off the ground.
Some app ideas fail for a variety of reasons, ranging from the app being too similar to something already on the market to it being incompatible with current technology.
Perhaps the concept isn’t all that great.
On the other hand, there are some app concepts that have a lot of potential. There are companies that buy app ideas if you believe you have a million-dollar app idea. Here’s how you can profit from your app concepts.
Make Money From Your App Ideas
You can profit from your app ideas in a variety of ways. You have the option of producing and marketing the app yourself or looking for companies to invest in your idea.
Bring your app idea to life with a detailed plan
It’s always a good idea to fine-tune your app concept before attempting to monetize it. Some of the questions you’ll need to ask yourself are:
- Is there a niche for your app in today’s market?
- Is it possible for you to prototype your concept?
- Will it entice potential buyers or investors?
- Will the final app be better than other similar apps already on the market?
To make money, you don’t necessarily need a new concept, but you do need a new way to present it.
Make Money With Your App Idea by Monetizing It
Here are a few options for making money with your app idea.
Directly Monetizing Your App – You can make money by developing the app yourself and selling it on a variety of platforms. The user will either buy the app or subscribe to it. Although this is money in your pocket, you should be aware that some platforms will deduct a percentage of your earnings.
Free Demo – Make your app available as a free download with limited functionality on various platforms. The best way to making money this way is to keep some of the app’s features locked behind a paywall for those who purchase the full version.
Advertisers Can Help You Make Money With Your App – Offering a free download and advertising for other vendors on your app is one way to make money from your app idea. It’s always possible to combine this with an upgrade or full version purchase option to double your revenue potential.
Indirect Ways to Make Money from Your Ideas
The issue with self-developing your app idea is that it will cost money. It will be extremely difficult to bring your app to market if you do not have enough working capital.
If you can find an investor, you’ll have more money to work with and the ability to market your app to a larger audience.
Private companies that invest in start-up business ideas are known as start-up accelerators.
Angel Investors are individuals or small groups who help fund a startup company or app idea.
Crowdfunding – This entails attracting a large number of small donors in order to raise enough money to fund your idea or start-up company. The best part about crowdfunding is that you can raise a significant amount of money before your app idea has even reached the development stage.
Companies that Buy App Ideas
all with the hassle of finding investors or developing your app idea.
Before you start looking for companies to sell your app idea to, you should first patent your concept. Anybody can take your concept and turn it into their own without a legal patent.
It’ll be time to start looking for a company that wants your idea once you’ve mastered the technicalities of a patent.
Google – You can sell your app in the Google Play Store, but you should also consider approaching Google as a potential buyer. Google is always working on new apps and technologies, so there’s no reason not to pitch them your idea.
Mobile App Fund – Mobile App Fund is a place where you can submit your app idea, and they may invest up to one million dollars in your project after reviewing it. They handle the development and marketing, and they split the profits with you.
FundedApps – This company will pay you for your app idea in exchange for a 25% cut of the profits once it is released. You must first submit your concept. Your suggestion will be evaluated by a group of experts. They will contact you if they believe your idea is viable.
GungHo Online – This Japanese firm is one of the world’s most successful app developers. They are the publisher of Puzzles and Dragons, which you may be familiar with. If you have an app that you think would be a good fit for this company’s apps, contact them to learn more about the submission process.
Supercell is the company behind the popular Clash of Clans game. Supercell is still in the app business and is based in Finland. If you want to submit an idea, go to their website to learn how to do so.
King is the company behind the still-popular Candy Crush game. Why not contact this company and inquire about their app idea submission process if you think your app concept is going to be the next big thing?
Apple, like Google, is more than just a phone company. You can either sell your app in the Apple Store or contact the company to inquire about the app submission process.
What is your favorite companies that buy ideas?