Sales Techniques – How to sell your idea if you don’t have the money to build it

how to sell your idea if you don’t have
the money to build it so I got a great
question from one of my YouTube fans
love you guys who wrote in to say this
is the island monster and he said I’ve
been watching the Shark Tank episodes
I’ve seen so many inventions and so many
ideas and they’re really great but I
have an idea that will sell and if I
invent it it won’t cost a lot but I’m
sure it will solve really good so my
question is how to show your idea and
invent it if you don’t have that money
to build it and who can help you build
it if you don’t have the money to build
it by the way thank you for your video
help a lot
ok Island monster great question and one
that a lot of inventors go through so
this is a chronic problem for a lot of
inventors right you have a great idea
you don’t have the money to build it up
yourself but you know that it could do
really well in the market so your first
step is you have to protect your idea
you need to get a patent and the first
step is a provisional patent and then
your full-on patent if you don’t have a
patent then if you go out and you go
talk to a big company they’re just going
to take your idea and use it themselves
right there’s no reason why they need to
pay you I don’t know what your idea is
but we’re going to sell this idea to
whatever big corporation they’re going
to look at it and say that’s a great
idea and if you don’t have the patent
they’re just going to say ok team run
with it there’s no reason to pay you for
right they’re trying to maximize their
profits that doesn’t include paying you
so you need to get the patent to protect
your idea so that’s first first time
second part is to actually go out and
sell this to them they need to see
something right the closer you have to a
finished product the easier it is to
understand what it is that you do and
the benefit but you want to try to avoid
just having an idea on paper right
you’re thinking what is the Minimum
Viable Product right what is the the
minimum I need to show them that this
thing will work they don’t necessarily
expect you to have a degree in
industrial design and it to be perfect
but they need to understand that it can
work for them right so what is the
minimum that you need to create so you
can show them that your invention will
help them that’s what they need to see
and it could be you
jerry-rigging something in your basement
but if you don’t have the technical
skills to do it a great option is to go
to a local college or university and
tell them here’s what you’re trying to
do find one of their classes and often
they are looking for projects to help
out on right just just for experience
right the students need classes that’s
any projects for their classes and they
have a lot of experience and they’d love
to make it a real-world project that
they can then add to their resume to say
hey I worked with XYZ inventor company
makes it look good on the resume so
again number one get the patent you need
to protect yourself you need to protect
the idea if you really believe this is
something that will take off and then
number two you have to show you have to
show me something right show me that
this thing will work just a minimum
level so that I can understand the
concept and see yes I think this is a
good idea or not and that could be you
building it yourself an early prototype
or getting the help of students to help
you build this thing up that’s my advice
believe those you guys watching thumbs
up below let me know what you would do
if you’re an inventor I’d love to hear
how you have gotten your product to
market leave it in the comments below
and if you guys want to see more videos
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the channel thank you so much I’ll see
you soon