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Feedback Friday: Get Paid for Your Product Ideas

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You’re a genius. Prove it.
 
Welcome to Feedback Friday and boy is today’s right on the money, literally. Has this ever happened to you? You have this fabulous idea for a product and no clue where to go about getting it made.
 
Or, you know where to get it made, but don’t have $100k up front to do all the fun stuff like: trademark, prototype, get investors and see if maybe it’ll sell? Too much commitment up front, right?
 
Genius Crowds is exactly for people with an inventive mind. There are so many times I think about a product that would be so popular, but I just don’t want to deal with all the work getting it made and all the upfront cost.
 
I think this is such a fun way to get noticed and get some royalty money for it! Yep, you get a percentage of the royalties if the product gets made and sold. Can you tell, I’m really liking this site?!
 

HOW DOES IT WORK?
  1. Each month is a product ‘theme.’ Submit your idea and hit the ‘love’ button for other ideas you think are, genius!
  2. Their expert panel will narrow it down and pick the ones they think have the most potential.
  3. Voting begins among the community with the chosen top ideas.
  4. Crowd favorites receive gift cards and a shot at the big prize.
  5. Regardless if it wins or not, all are still in the running to make it to the store shelves and win royalties!

 

Extra fine print: You keep all trademark and copywrights to the product, even if you submitted on site.

 

Right now they are looking for product ideas for Mattel! If you know what every kid dreams of having on their bike, you could get $2,500.

 

I scoured the website for info on  how much royalties you get if the product does end up on store shelves and it’s in the fine print, but I couldn’t find it? I did some research online and it seems your cut is 25%.

 

They also have an ‘open mic.’ So if you just cant wait for the right theme to pop up to submit your idea, you can submit it directly through a form.

 

 

If you find otherwise, please let me know and I’ll update the post!

 

Have you heard of them? Any product inventors out there?

 

Comments

  1. I've never heard of them, but I love the idea!

  2. caringmom007 says:

    Wow, I'm glad I came to visit you. I have an invention with all rights and licensing all I need is capital to help me get it out. You can see it here http://nighthelperwatches.com It is for kids and it is protected.

    I'm wondering if I could seek there help!

    Thanks soo much for posting this!

  3. That is pretty awesome, I love what they are doing! I just wish I had some good ideas. :P

  4. caringmom007 says:

    Wow, I'm glad I came to visit you. I have an invention with all rights and licensing all I need is capital to help me get it out. You can see it here http://nighthelperwatches.com It is for kids and it is protected.

    I'm wondering if I could seek there help!

    Thanks soo much for posting this!

  5. caringmom007 says:

    Wow, I'm glad I came to visit you. I have an invention with all rights and licensing all I need is capital to help me get it out. You can see it here http://nighthelperwatches.com It is for kids and it is protected.

  6. An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers

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