Can You Patent a Design Idea and Sell it to a Much Larger Company?

[hayden47c]

If you had a way that you think you could improve the product of another business, could you patent your idea and sell it to them? If so, would this even be a consistent way to make a profit?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Muhammad Ibrahim]

If you had a way that you think you could improve the product of another business, could you patent your idea and sell it to them? If so, would this even be a consistent way to make a profit?

theoretically yes but unless you give context this is vague discussion

 

[hayden47c]

theoretically yes but unless you give context this is vague discussion

IDEA - Chip Dip Jars

I'm not sure how cheese (or other flavors) dip companies manufacture their jars, if it comes from a third party or if they do it themselves, but why are they always taller than they are wide? It makes so much more sense to fit the same amount of cheese into a shorter, wider jar than vice-versa...

www.thefastlaneforum.com

 

[GuestUser4aMPs1]

If you had a way that you think you could improve the product of another business, could you patent your idea and sell it to them? If so, would this even be a consistent way to make a profit?

There's a guy here that does this, I forgot his handle...

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Muhammad Ibrahim]

IDEA - Chip Dip Jars

I'm not sure how cheese (or other flavors) dip companies manufacture their jars, if it comes from a third party or if they do it themselves, but why are they always taller than they are wide? It makes so much more sense to fit the same amount of cheese into a shorter, wider jar than vice-versa...

www.thefastlaneforum.com

Ok just read it. Yes it could work and yes you could definitelt patent and sell it. But you have to know a few things first.
-what would be the value to the companies: would they even care enough about it to buy it? For how much? And how much would it help them? How easily can that advantage be seen (or shown)
And also
Is there a reason they dont do this? What if you think your idea is great but its already been tested and has failed (for reasons you dont know yet) very possible.
Also i remember hearing about some people who would just do this, patent, sell, license, sell.
the point is, doable but do your reasearch

 

[hayden47c]

Ok just read it. Yes it could work and yes you could definitelt patent and sell it. But you have to know a few things first.
-what would be the value to the companies: would they even care enough about it to buy it? For how much? And how much would it help them? How easily can that advantage be seen (or shown)
And also
Is there a reason they dont do this? What if you think your idea is great but its already been tested and has failed (for reasons you dont know yet) very possible.
Also i remember hearing about some people who would just do this, patent, sell, license, sell.
the point is, doable but do your reasearch

Sounds good, thanks for the help

 

[Vigilante]

There's a guy here that does this, I forgot his handle...

Stephen Key
One Simple Idea, Revised and Expanded Edition: Turn Your Dreams into a Licensing Goldmine While Letting Others Do the Work https://a.co/d/hKNGTsg

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Jrjohnny]

Something you can do is patent it and make licensing deals for royalties.

You can sell the patent for cheaper and then ask for a royalty.

Your going down the path of licensing, im pretty sure there are a bunch of books and tips on that.

Best of luck and I like your idea!

 

[Likwid24]

Stephen Key
One Simple Idea, Revised and Expanded Edition: Turn Your Dreams into a Licensing Goldmine While Letting Others Do the Work https://a.co/d/hKNGTsg

This is exactly what I was going to post.

 

[ZCP]

@Rearden

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.