IdeaBuyer Questions & Answers

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Here’s what consumers have asked with answers from IdeaBuyer staff and previous consumers.

22 questions answered
9% answered in 1 day
Question:

Hi can i be sure about producing?

Answer:

Without seeing your CADs, I am unsure as to whether our manufacturers would be able to help you with production. Have you already been quoted by a manufacturer?

By Eric C., Owner
Question:

On average how much money do i have to pay for this service

Answer:

Deidra, We are not a service provider that you can just hire. We receive applications, and if it is a good fit, we look at everything from where the project is to what the goals are. If it is a fit, we'll offer to heavily discount our services, but in exchange we'll want upside interest in the business. The costs are all based off an evaluation of what needs to be done. Here are some of the things we evaluate: 1. Is it a unique product that solves a real problem or makes people very happy? 2. Is it in a large, growing market, where we have experience? 3. Does the entrepreneur understand the hard work involved in launching a business? 4. Is the entrepreneur financially capable and responsible? 5. Does the entrepreneur seem like they would be pleasant to work with? 6. Do they have a patent? Is it pending or is it issued? What type of patent is it? Who was it done by? 7. Do they have CAD's/Engineered drawings? 8. Do they have inventory/samples available? 9. Do they have professional branding? Have they filed for a trademark? 10. Do they have retail ready packaging? Do they have a GS-1 UPC code? 11. Do they have any existing sales? If so, where? 12. Do they have the capacity to run a business? There are more, but that gives you an idea. We don't offer traditional services, and we steer clear of any type of "license your invention" or "invention promotion". We help build businesses. I hope that was helpful.

By Eric C., Owner
Question:

Do you just buy ideas

Answer:

Yes. Using idea buyers for quite some time. It helping me very much in my bussines.

By Elise T.
Question:

How is my idea protected when people read the listing

Answer:

Hi John, You'll want to protect your idea prior to listing to ensure you have proper IP protections in place.

By Eric C., Owner
Question:

Answer:

I think a provisional patent would protect your idea for up to 12 month check out legal zoom.

By Kay B.
Question:

Hello, since you folks play the role of a facilitator, what do you charge and at what stage? thanks

Answer:

Hi Adrienne, We only work with select products in specific industries. We would need to learn more about your project to comment. Please email info@ideabuyer.com and our team would be happy to answer any questions.

By Eric C., Owner
Question:

I have an invention currently "trying" to be marketed by inventhelp. after spending waay too much money and getting no results, how will your company be any different, should i switch to you?

Answer:

If you would have done your Patent, artwork and copy right on your own it would've cost you less than $2,000.

By Hugh P.
Question:

Has anyone ever used idea buyer for development of a mobile app?

Answer:

Hey I have a meeting with the head guy on a app idea I gave him. Some rich guy keeps asking about $15000 if I could pay.

By Sean s.
Question:

I really wanted to license my patent but am having no luck. how does ideabuyer differ from the other companies?

Answer:

Ideabuyer is an Online Marketplace where inventors put their patents up for sale. You can join for free and create a free listing. Once you decide to market that listing on our website, you follow through on step 3 which takes you to the PayPal checkout and you cam cancel at any time through PayPal, 24 hours a day, 7 days a week. Once you post your listing on the site it will be broadcast to the Buyers, Investors and manufacturers who are members of our site. These are people who are actively seeking new products to put on the market. The interested parties contact you through our site and you deal with them if you like their proposal. We do not take a percentage of that sale; the money is yours. I don't know of any other company that works the way Ideabuyer LLC does. Here is a sample of what you can do with a Listing page. http://www.ideabuyer.com/ipavail/ideabuyer-listing-page-example

By Tom S.
Question:

How is my product protected from someone steeling it?

Answer:

You need a patent to protect your idea from being stolen. Patents are acquired from the United States Patent and Trademark Office. USPTO.gov

By Tom S.

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