Route 1: Licensing your Idea
For many individuals the best way to profit from your idea is to license the protection of the product to a company and let them make and sell the product as their own, in retun for a percentage of the sales.
This requires finding and convincing a suitable company that they can profit from your idea, and negotiating a mutually beneficial licensing agreement between you
Once you have your product developed and protected you’re nearly there. It’s now about getting yourself out there to sell your product to a company and secure that licensing deal. Realise can also approach companies to try and sell your product for you. Click here to find out how
Route 2: Manufacture & sell it yourself
For some people willing to take a greater risk to gain more from their idea, then starting a business to manufacture, market, sell and distribute their product can be a very rewarding option.
Typically as a start up you will chose to partner with a manufacturer in the UK or abroad and focus you activity on the marketing, sales and distribution