Pioneer technology — How to get Your Creation Idea Into the Right Hands

Whether your goal is to land a licensing deal with a major manufacturer invention ideas, sell your product to Walmart, or find an investor with deep pockets to invest in assembling your shed, you will need to create a proposal to encourage anyone to do something.

Your proposal must encourage your target that your product will benefit them somehow. Entrepreneurs lose view of this when trying to sell or licence their products. invention ideas No one wants to know how cool or great your idea is, they want to know that people will buy it.

Action 1: Research your target

You first need to determine what your target’s needs are by researching their history from needs to end. You can generally find a summary of a company’s history at the library in the publications section or online. You can search Google, Yahoo, or go to Hoovers. com. You can also locate you’re able to send website and look up their ‘about us’ page. Look at their pr announcements, especially the most recent ones.

Through these sources, you can determine the direction a company is going, and whether or not your product fits their current or future products.

Step two: Locate your choice maker

Find out who the key decision makers are. It’s usually the product manager, Vice us president, Us president, or owner. The best way to find out who manages licensing or adding new products to a company’s products is to call and have. Many companies have sectors for this now.

Whether it is a department or individual, someone is waiting for your call. Most companies are looking for new products, and even if your target company is not try really hard to searching for new product ideas, No one will miss a money maker. Guidelines not have a hard time finding a home, especially when they come professionally presented.

3: How to contact your target

After you have researched some companies in your preferred market and determined the ones you want to present recommendations to, begin contacting them. Phone calls are more effective and quicker than emails. Call and have for the name of the person in control of adding new products to the products. Ask the name of the person you talk to, beginning with the receptionist. That way, you can say, “Hello Mr. Downs, Marianne said that you are the person to talk to about adding new products to your company’s line. inch

If you do this in a natural tone, it comes across as a affiliate from Marianne. Now, you do not want to be unethical, but perception is quite important, and you want to appear confident and informed.

Step four: Making your initial pitch

Once you reach the right person, introduce yourself, and say, inch my company has changed an item that we feel will fit your current products. What is your protocol for reviewing potential new products? inch Then just listen and write down all the key information and follow it to the letter.

To avoid feeling intimidation if you have never done this before, keep in mind that they are hoping to obtain a phone call from someone who really does have a unique money maker that will increase their company’s revenue and make them look like trend spotters.

So tell them that, “I believe this product will significantly increase your company’s revenue. inch Every company likes to hear that phrase, and it immediately piques their interest. Now you can tell them what product category it fits into, but you do not need to describe your creation.

Step 5: Secrecy Agreement

Ask him/her to sign a Secrecy Agreement, or he/she may ask you to sign theirs. Either way, enter an agreement that says you will show them top secret information to be considered for their company’s products.

Step 6: Send your proposal

Now you can send your proposal with the comfort of knowing that:

1) they are expecting it,

2) they want to find it, and

3) they will never steal your idea.

Always remember to be professional, knowledgeable, and flexible to negotiate. Send your package with a job application letter restating what was discussed. Stamps or print ‘REQUESTED MATERIAL’ on the package, and then call to tell them that it is on the way. Contact the company about few weeks later, sufficient time for them to review, process, make judgments, and arrive at a conclusion.

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