How To raise Money for Your Invention at No Cost

Here are some options you may find interesting other than paying for the patent yourself;

Go Into Business For Yourself;If you're the inventor, you have the right to do this. You've made your invention and you have the rights if you make and sell it by due "diligence". The problem here is 4 out of 5 small businesses fail. Although this is a low rate of sucess it's at least as high as Multilevel Marketing and much higher than winning the lottery.


As Seen On TV

Sites like Sylmark allow promotion at no cost whatsoever for the inventor with the chance for 10 million dollars or more if you have a good household invention, ect. If you are in poor health or poor credit history ect. this may not work because they do a web search and will turn you down perhaps, ect. First I must say this seems to be good business practice in a sense, they don't want some rich bum like JD Clampett promoting their business if he makes them "look bad", was J.D. Clampett so bad really? What about people like Elton John or James Taylor (70's musicians) who had bad luck before they were renouned, and all the other people like them who would say thanks with their life and greatness if allowed to be themselves and be great. The problem with too much surveillance is it is based only on past performance and there's no way to predict the future from the past, there's no future there as often. Mark Twain, Edison, Benjiman Franklin, Einstein, Lincoln, they weren't perfect but they were good for the world. The Sylmark site and other As seen on TV's may be of worth for many, even so....

Third Option (This may be the best of them Because it's General);


Angels Via Inventors Organizations

 If you can't sell as some, but you are a good inventor (and you have smart people in your family and lots of neighbors who like you like good inventors tend to have) it may be of worth to you to either join a local inventor's club or enlist your relatives ect. to sign up and ask the union for contact info to reach investor anjels, often rich people who will help fund the patent. The new first to invent laws no longer protect you if you are the first to have an idea for an invention. Now you have to have what's called diligence, that is you have to develop your invention to practice, like making a prototype, research and or actively patenting your invention before anyone else to claim the right. This means you can no longer proclaim your invention and have the rights. This is why it's important to only disclose the general idea and examples of others like it of the general type to the anjel or when at the inventors union, and then when you show the actual invention to the anjel first be sure to ask them to sign what's called a nondisclosure document, so they can't claim the rights themselves if you are the inventor. Actually idea theft is rare, even so this is good insurance.

The reason this third method may be better than even the above is because there are just a few As Seen on TV's seen and since there are inventor's unions in most states with perhaps five angels per union, if you have say 100 good inventions, in 50 states that's 25,000 ways you might win, and once you're in you're rich "per se". As seen on TV has far fewer options even if it has potental with it. If you can't have your reps sign up for you in your state, there are the other 48. If your idea is good, and there are ways to improve your bet, e.g. read magazines like PS or PM to find what's going one now in the invention world so you have a way to boost your brain and so on and not waste your time with ideas that have already been seen. It's been said your chances of being first are not a lot, even so Edison had ideas for 10,000 patents even in the 1800's what are the options in the 21st century right?

By this method you can find angels who may like you more than the rest, so even if you are poor like Lincoln if you make enough labor sooner or later you may find you're to reach the realm of more gold you hope for, well who knows.


Fourth Method

Crowdfunding

This is where new laws allow you to either offer up your idea as per se on the internet for funders who will help you pay for a return of your profits if you make any. If you're wise about inventions though you aren't an inventor this may also be used to your advantage by funding the right inventions, often much more lucrative than 50% stocks or 50% bombs!




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