Side Hustle School Ep. 3139 - Q&A: “Can I sell my ideas for inventions?”
Aug 5, 2025
Ever dreamed of cashing in on your inventive ideas without diving into full-blown business? Discover the ins and outs of licensing concepts as a savvy, low-risk alternative. Learn how execution trumps mere creativity and why creating prototypes and effective sell sheets can make all the difference. The discussion also emphasizes targeting the right companies to pitch your inventions, turning your creativity into a potential income stream.
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Execution Trumps Ideas
- Ideas are common; what sets successful products apart is execution.
- Companies pay for demonstrated concepts, not just cool ideas.
Reality of Licensing Ideas
- Licensing product ideas without prototyping or patents is challenging but feasible with extra work.
- Going beyond just an idea increases your chances of successful licensing.
Steps to License Product Ideas
- Focus on one strong product idea and develop a sell sheet with clear benefits and mock-ups.
- Identify license-friendly companies and pitch directly instead of relying on invention submission firms.