need advice on selling my design

[T.Jackson]

I attended a class presented by Mike Rounds, one of the developers of Teddy Ruxpin. He sold a disk with contracts and such to help you try to sell your idea, he stated in the class the average royalty was 3%, I do not remember if that was gross or net, I think it was gross.
JS

3% makes a lot of sense huh. I mean like; without the idea they would have 97% of nothing. These business people are ruthless. Passionate about seeing the rich get richer and the poor get poorer. On the other hand, the people behind all of the magic, the designers who come up with the ideas are genuinely just passionate about their work.

Few years ago I often wondered what exactly would motivate someone to create a virus. I now know the motivation behind it. My advice: if you have a seriously good idea, keep it to yourself until you can personally fund it.

Don't ever trust anyone

Trent Jackson

[sayzer]

Patent your product first.
Use your patent as your weapon, sign a contract with a manufacturer and have your share on the paper.


OR wait for years and years to collect the fund you need and when you are just about to be there to manufacture AND market your product, go and buy it in WallMart for 10 bucks.


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[T.Jackson]

Patent your product first.
Use your patent as your weapon, sign a contract with a manufacturer and have your share on the paper.


OR wait for years and years to collect the fund you need and when you are just about to be there to manufacture AND market your product, go and buy it in WallMart for 10 bucks.


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I see flaws with patents. For starters they mean nothing to Korea. They will manufacture anything. Regardless. If the idea isn’t entirely distinct, someone gaining word of it could possibly embark on modifying it to avoid infringement. With some applied creativity, and the fact that they may actually be on the other side of the World, they may just succeed! (The whole things a hard call in all respects)

Best Regards,

Trent Jackson

[sayzer]

Jackson,

Take a deep look at this post when you have time.

http://www.picbasic.co.uk/forum/showthread.php?t=3965

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[T.Jackson]

Jackson,

Take a deep look at this post when you have time.

http://www.picbasic.co.uk/forum/showthread.php?t=3965

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Interesting thread, I agree with it mostly.

Best Regards,

Trent Jackson

[nimonia]

thnx guys for the replies and comments.. patenting takes a few years here in my place so dont think its worth while and it costs a bunch too.. haha...

anyways guys.. i've had this idea and it was put in the deal.. u see i am selling them the design schematic and layouts and idea with a one time sum xx,xxx and instead of royalty i would supply them the programmed PIC heahaeeha so basicly the chip itself would be the royalty... every unit they come up wif they need one programmed PIC to go with it.. just somethign i wanna share with u guys who are kinda like in my situation too..

[mister_e]

Yeah... something like Parallax already do with their BasicStamp... but with intelligence inside

[T.Jackson]

thnx guys for the replies and comments.. patenting takes a few years here in my place so dont think its worth while and it costs a bunch too.. haha...

anyways guys.. i've had this idea and it was put in the deal.. u see i am selling them the design schematic and layouts and idea with a one time sum xx,xxx and instead of royalty i would supply them the programmed PIC heahaeeha so basicly the chip itself would be the royalty... every unit they come up wif they need one programmed PIC to go with it.. just somethign i wanna share with u guys who are kinda like in my situation too..

I think someone is having himself on.