On how to advertise it without money? Or have you any other legal solution to propose on how to solve my dilemma?
2006-07-20 08:15:46 · 8 answers · asked by Hole in one 4 in Business & Finance ➔ Other - Business & Finance
NOLO is a great, free informational site. Also, be sure to read what else the USPTO (United States Patent & Trademark Office) has to say about patents.
Associations may be a good avenue to explore as well. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.
Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:
* From Patent To Profit: Secrets & Strategies For The Successful Inventor, Third Edition by Bob Dematteis
* How to License Your Million Dollar Idea: Everything You Need To Know To Turn a Simple Idea into a Million Dollar Payday, 2nd Edition by Harvey Reese
* The Inventor's Bible: How to Market and License Your Brilliant Ideas by Ronald Louis Docie
* The Complete Idiot's Guide ® to Cashing in On Your Inventions by Richard Levy
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
2006-07-20 09:07:18 · answer #1 · answered by TM Express™ 7 · 1⤊ 1⤋
Ok first of all why would you pay a lawyer to market it, if you already have a patent on it you just need to get it out there, try e-bay, try marketing it yourself, if you need an investor hit me back and I will introduce you to a couple of them. Also I have a way that you can make enough money in one year to make it possible to market the entire project yourself. Contact me asap.
2006-07-20 15:27:01 · answer #2 · answered by Doctor feel good 2 · 0⤊ 0⤋
One way to fund a startup business is to consider PO Financing. Of course, this part comes after the initial marketing, once you already have purchase orders in place. You may want to look for an invenstor to fund your initial marketing phase.
Trizoko: Biz Journal says: "An angel investor is one who invests her own money into a business—usually at the startup stage. The common belief of angels is that they’re all millionaires. It’s not true. Most angels make $50 - 100,000 annually, so they’re all around you.
You don’t have to confine yourself to the typical doctors, lawyers, accountants, and other businesspeople that normally stereotype the angel investment community. It’s a good chance your Uncle Joe who lives in that nice home can also be your angel investor. Relatives, friends, acquaintances, and business associates are some of the most used angel investors."
Once you have orders in place you can look to a company like Crossroads Financial in FL (561-988-7098) for the funding you will need to fulfill your orders.
Last, once you have receivables in place you can look to a factor for accounts receivable financing. This little known form of finance has been around for thousands of years but in more recent times has been known only to a limited few.
The advantages of looking to a factor include: full service credit support (a factor will typically research your client and prospect base through trade credit reporting agencies like D&B to give you an idea of an acceptable credit limit), receivables management (a factor will effectively take the place of your receivables department performing collection calls to ensure proper turn of your portfollio), most importantly a factor will put you touch with funds that otherwise would have taken 30,60 or 90 days to collect. That access to cash allows you to take vendor discounts as well as fund growing sales.
In addition, where a bank would be looking at your credit strength and your length of time in business, a factor is primarily concerned with the strength of your receivables and the credit worthiness of your customers.
2006-07-20 16:39:23 · answer #3 · answered by Nicole M 1 · 0⤊ 0⤋
investors is the anwers, make some calls, do a reserach get contact spedn some money in gifts or restaurants, you will get the money that you need from rich people network that investors, hope you do well!
2006-07-20 15:20:07 · answer #4 · answered by smartwoman 2 · 0⤊ 0⤋
Walk around with one of those sandwich boards, handing out flyers. Rad.
2006-07-20 15:18:11 · answer #5 · answered by Anonymous · 0⤊ 0⤋
throw said product in bin to save money
2006-07-20 15:18:42 · answer #6 · answered by me j 3 · 0⤊ 0⤋
UPS it to yourself but never open it until someone else comes up with it.... Then demand it was yours to start with.
2006-07-20 15:19:58 · answer #7 · answered by JOHNNY D 3 · 0⤊ 0⤋
i'll give you $25.00 for it
2006-07-20 15:18:42 · answer #8 · answered by frog 2 · 0⤊ 0⤋