Ways Inventors Can Get Stuff Made Maybe you don't want to give up the rights to your brilliant idea. We understand. Here are some options for inventors.
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If you can get the attention of a direct-response marketer like Telebrands, you're pretty much guaranteed to make millions. CEO and founder A.J. Khubani, the originator of the ubiquitous "As Seen on TV" logo, says the minimum five products they launch each year are always hits, and that 2011 will be a record-breaking sales year for the company, in the hundreds of millions. If you don't make the cut for Telebrands' new TV show--"a cross between American Idol and Shark Tank," here's what to do:
Process: Submit your idea to InventorsDay@Telebrands.com. If it's good enough, you'll be invited to give a five-minute pitch at an Inventors Day, which is held in various cities every six to eight weeks. "It's like a book deal," Khubani says. "We're the publisher, the inventor is the author. If we like your idea, we'll contact you." Royalties differ depending on patents, uniqueness and other variables. You keep the rights, but Telebrands licenses them until the contract expires.