WE'VE MOVED!
We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co
We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co
Options
Harvey Reese Associates - Money4ideas.com
Sign In or Register to comment.
Comments
Inventit, are you for real? Did someone else write the message you just posted? If it was youself that wrote it I see an oppertunity to make a few dollars if you are happy to throw away $180! I will only charge you $150 and send you a the same info you have already recieved from the company you refer to, as I know you wont mind lossing it! Why don`t you give me the benefit of the doubt as well.
Alternatively you could do a little good with the money you obviously do not need and give it to a deserving charity.
However, if your idea IS that one in a thousand that is worth producing and you don`t have a patent on it, why would a company that is going to spend all the money manufacturing and marketing it pay you?
Ideas are a dime a dozen. The time, effort, and money to turn an idea into a profitable business is the only thing that is really valuable. Unless you have a patent.
Gary
AR777
Raj --- There are always people who will steal your idea, and there are ways to protect yourself without a patent, prior to a public unveiling of your product. An Inventors Notebook is essential --- after all, we`re a "first to invent" country --- for now at least. If they make a slight change and copy your idea, then it gets tougher. Documentation is key. Action is essential.
Thanks,
Gary
Is it not possible to make a protoype of an invention and sell it to a company who would take it, find a manufacturer and sell it. I don`t expect to get a % of royalities but just to be paid for giving the protoype to copy. I have a full time job and do not have the knowledge, time or desire to go and patent and manufacture my idea. Am I niave in thinking there should be LEGIT companies who take ideas and send them to market? They have the resourses and know-how and basically pay peanuts for an idea that can make them millions?
PS: i ended up at this site after reading Harvey`s web page and decided to search him out with "scam". I am naturally leary of someone who wants to charge $180 to submit an idea. I don`t want to be scammed and lose my hard earned money.
I sent an invention to Harvey Reese. He politely said "No thank you"
His 3 page letter also gave me an idea how to modify my invention to something even better.
I believe Harvey Reese is an honest and very good business man.
Protecting, producing, and profiting from an idea requires hard and smart work.
Presenting an idea to a big company and walking away with a license deal can happen but it is rare.
I recommend reading "Profit From Your Idea" by Richard Stim.
This book is must for any serious inventor.
I have a patented idea which I have two large manufacturing companies interested in partnering with me and producing. They are both excited about my idea and nation wide manufacturing companies. I read Harvey Reese's book How to License and decided it sounded easier to fit into my life than partnering and doing all of the hard work producing my product.
Before deciding which way to go I chose to send my idea to Harvey for review. I paid the $189.00 and sent all the information and pictures via his money4ideas website.
I requested confirmation on the items sent and the customer service was brief and unprofessional. I was told my "report" would arrive in a few days.
The report I received was completely factually incorrect. It described something completely different than what I sent. It was like they read someone elses submission and sent the very report to me. It also stated no manufacturing company would say Wow! and that no one would actually use this item.....whats funny is TWO companies LOVE it and want to partner financially with me.
It also stated in the report ," The hard truth is that even under the best circumstances, companies instinctively hate signing licensing deals. They hate paying royalties to outsiders.".. Something his site and book failed to mention.Thought maybe you would like to know this fact before you pay for the pipe dream they sell you.
I paid $189.00 and they did not even read the description of my patent. Huge waste of money. I have asked for my money back since they obviously did not read the submission due to the description being completely incorrect and not even close to what I invented and patented. I will let you know what the response to my request for a refund from Harvey Reese. (stay tuned)