One Way to Get a Product into Big Chains Could this new contest from the folks at 'Everyday Edisons' help you get your product on the shelves of big box stores?

By Carol Tice

Opinions expressed by Entrepreneur contributors are their own.

How Entrepreneurs Can Get Their Products into Big ChainsIt's the dream of many inventors to get a big retail chain to carry their product. This summer, there's a unique opportunity to get your ideas in front of several major national retailers -- but it'll cost you.

A "Made in America" contest is being held through Aug. 29 by consumer-product development company Edison Nation. The organization -- which spun out of the award-winning PBS-TV show Everyday Edisons -- has a $25 million Innovation Fund that invests in new ideas.

For $25, you can send in your product idea. Why might you want to consider this? Contest partners include Bed Bath & Beyond and PepBoys, which are both on the lookout for new products out of the contest they could add to their shelves.

As you may have guessed from the name, the purpose of the competition is to stimulate more U.S.-based manufacturing. If your product is chosen a winner, the National Institute of Standards and Technology's Manufacturing Extension Partnership helps you find an appropriate American facility in which to make your product.

Your business also gets a $2,500 advance against future royalties. Here may be the dark side of this contest -- Edison Nation takes a 50-50 split of royalties on products they help develop. That's a big chunk of future revenue to give up, so consider carefully if this opportunity is right for you.

Made in America is one of many contests Edison has running. Other active product searches are sponsored by Irwin Tools and As Seen on TV, which is looking for the next hit infomercial-type product -- if you think you have the next Hooked on Phonics or Snuggie, check it out. Other current contests are for product categories including pets, mobile apps, and medical products.

But that 50-50 royalty split seems to be standard with all Edison's contests. The contests offer a strong opportunity to get your product in front of a major retailer -- but be ready to split the future income that might come from your brainstorm.

Will your business enter any contests this year? Leave a comment and let us know where you compete.

Carol Tice

Owner of Make a Living Writing

Longtime Seattle business writer Carol Tice has written for Entrepreneur, Forbes, Delta Sky and many more. She writes the award-winning Make a Living Writing blog. Her new ebook for Oberlo is Crowdfunding for Entrepreneurs.

Editor's Pick

Related Topics

Side Hustle

Anyone Can Start a Passive Income Side Hustle For Easy Money — But Only If You Know These 5 Essential Tips First.

The rise of digital automation technology has made starting a passive income side hustle easier and more accessible than ever before.

Side Hustle

He Launched His Creative Side Hustle Out of a Garage. Now It's Worth $225 Million.

Tom Humble, CXO and founder of E.C.D. Automotive Design, followed his passion for custom auto design into big business.


Don't Just Babble on LinkedIn — You Need to Carve Out Your Own Niche. Here's Why.

To ultimately unlock the full potential of your LinkedIn experience, you need to establish yourself as a thought leader in a specific niche. This is why (and how).

Business News

This Company Promised to Transform Drive-Thrus With AI — But the Secret Powering Its Tech? Humans.

Presto Automation Inc., one of several major players in AI-ordering tech, has made headlines for using off-site employees in places like the Phillippines.


How to Start a 'Million Dollar' Morning Routine

Restructure your morning with a few simple steps that may help to amplify your energy.

Growing a Business

How an Executive Coach Can Help You Set Better Goals — And Transform Your Business

Ways to enhance your competitive advantage — and psychological wellbeing — with the assistance of a seasoned, results-focused professional.