They are very professional at what they do. I call their reps up every so often and they inform me on the progress. The service from Idea Buyer has been great and I've no complaints at all.
Idea Buyer works for the general population. My involvement with Idea Buyer has been incredible. They have served numerous individuals with their prosperity. I would prescribe them to every one of my companions.
We struggled to grow our business beyond a few local stores and then applied to their fast track program. After a few months, we worked out a deal and they partnered with us. The results were incredible. After a lot of initial work that took about 5 months, they got us in front of five major sporting goods stores.
My experience with ideabuyer was great. They made it so easy for us to sell our patent with just a click of a button. We have gotten offers that were reasonable and have saved a lot of time. Can't wait to sell my other patent.
If you have an idea dont waste your time. They said they liked my idea, then asked if I had $35k to get it started and a patent etc. I said no thats why I contacted your company. They said ok well call us back when have funds to move forward.
I submitted my product to Ideabuyer. I was told i would hear from them within 48 hrs. Two emails and two weeks later i haven't heard a word
Hi Carl - You should have received an email explaining why we had not contacted you or an email requesting additional information. Can you please send the best email to contact you via a private message so I can follow up with you accordingly.
Thank you!
This company conned me for over 30,000 to build my app. After they built it it went on the app store. When I would question where and when my money would start coming in they transferred me from person to person. Then there attorney Mike Schadek hit me with a cease and decist and said any contact could result in a police arrest. How convenient run with my money and my idea and to this day never paid me a penny. Lol Eric Corl is an absolute joke. Also he will tell you he's affiliated with shark tank and the only person he's affiliated with is the homeless. Trust me run from this company!
According to Idea Buyer records, there is a large outstanding balance on this account. As outlined in capital letters in Mr. Toth's agreement, Idea Buyer does not and cannot guarantee financial gain or success. We do however believe that this specific app has great potential, however much of any business' growth is reliant upon the entrepreneur(s) behind it.
Further, our records indicate that attorney involvement was a result of Mr. Toth's threats to physically harm Idea Buyer employees.
As stated in the FAQ section of the website, Idea Buyer makes no claim to be affiliated with Shark Tank:
"Idea Buyer is a product and technology development company that helps entrepreneurs develop and prepare their ideas for market. No matter the stage of the idea, Idea Buyer can help prepare your business. While there is no direct affiliation with the TV Show, Shark Tank, Idea Buyer helps position entrepreneurs for investment opportunities. As of 2019, Idea Buyer has worked with several entrepreneurs that have been involved with Shark Tank."
Should Mr. Toth like to make payment and code transfer arrangements, Idea Buyer is happy to oblige.
Over $800,000 taken from those who trusted him with their ideas. Eric Corl's idea was to take the money and shut down... and walk away without accountability. Loser with no moral character.
I spent a year trying to bring my product to market by myself with the help of my patent attorney and friends/family. I was unsuccessful and finally came across Idea Buyer.
I have gotten further in 3 months than I did the entire year before with less stress, less cost, and knowing I have an amazing team behind me.
Thanks Ron! We appreciate the kind words!
Bringing an idea into a market and selling it as a product was an amazing experience with idea buyer. I was very convinced with their approach. They were excellent in delivering details to the clients.
Great company to work with. I worked with Davison prior to this and what a relief to work with a solid company. They created a prototype for me for 50% of what Davison quoted and did wonderful product and packaging designs. They also did not feed me any bs and told me that the market has to validate the product which it is currently doing. Saw this site and thought I'd let other inventors know, I give them two thumbs up.
Very happy to post a positive review here. I first was introduced to the company through my friend who did my
Patent work. It was nice to have the intro because it helped me license
My app to a gaming company that has taken it to the next level. I now don't have to worry about the daily operations
But get to focus on the creative side. While I'm not getting huge checks yet, the royalties have replaced my income
As a software developer and allowed me to now focus on my own creations daily.
Mr. Corl was very kind to me on the phone even though I didn't have any funds when I first spoke to him. His advice helped me get back on my feet and I can't wait to hopefully work with them in the future.
If you are an inventor, contact them first. A friend of mine who sold his patent on the website sent me a newlsetter of theirs when I had a new idea last year. From my research, it seems like the only company out there that practices what it preaches. I ended up getting my patent and prototype from them for 30% less than what I had been quoted. I also listed on the site and received inquiries from three manufacturers. I received a cash downpayment from one with 2% royalty on sales with a guaranteed minimum payout. I recommend them 110%.
I got a call from a consultant to idea buyer just a few moments ago asking about my experiences working with them, I told them i am real happy which i am. I have retired from my corporate job, and now have a full time staff of 10. I got my start with idea buyer 5 starts!.
Faye was exceptional. I have to say that she is the best thing about this company. You can't imagine the pain I went through prior to working with Faye and the team. I worked for over 5 years to bring my product to market and get it protected. Now I have my product in over 22 stores. I have made more in the last 6 months from my product than I did from the 4.5 years before that.
The website has been very helpful for us to grow our sales by getting us into more retailers. We have received five leads from the site and three of the stores have placed purchase orders for our product.
It took just 1 week from registering on the site to get our first lead, we couldn't recommend the website enough and we will be using it again in the future.
I submit the information for my patented installation system for the Building Industry and received no response. I reached out via the contact us field/form on the website and sent two direct e-mails to an individual recommended on their voicemail. Still no response. They had no problem charging me through PayPal.
Hi Charles - I believe you received a full refund, correct? You had purchased a listing service and due to a technical error, we refunded your listing fees. I want to make sure you received that from Paypal.
I came up with an idea that seemed to work really well and I didn't know how to go about getting it patented or marketed, so I thought maybe Idea Buyer can help me with it. So that's the way I went and everything's been pretty good.
Idea buyer takes care of all the formalities that are needed to convert an idea into a product. They make the agreement with the client. Communication is an important part of the deal.
Overview
IdeaBuyer has a rating of 3.3 stars from 121 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with IdeaBuyer most frequently mention purchase orders and patent attorney. IdeaBuyer ranks 3rd among Manufacturing sites.
Idea Buyer partners with entrepreneurs to help them turn ideas into businesses. The company is based out of Dublin, OH, and was founded by serial entrepreneur Eric Corl in 2007. The company has been recognized three times as one of America's fastest growing privately held companies in the United States by Inc Magazine. Idea Buyer has also received recognition from the likes of Entrepreneur.com, The US Chamber of Commerce, Bloomberg, the White House, and more.
Eric Corl states, "The more we've grown, the more success we've had, the more we've learned from our failures and successes. We've become more and more selective of our partners given the nearly 40 bad ones we've had over 12 years. Our satisfaction rating is over 97% but that 3% really frustrate me because our team works so hard on every project. We would rather not work with you than have any chance that there are issues six months in. Some people are 100% not cut out for entrepreneurship."
The companies growth has disrupted an antiquated industry and ruffled some feathers. The company has been attacked by some competitors who have tried to copy it's style and method, but have been unable to replicate it's success.
The company is ranked in the 99th percentile in it's industry by SiteJabber compared to other companies in the industry.
The company has been named to Inc Magazine's Inc 500 twice and Inc 5000. Eric Corl currently serves as the company's CEO.
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- Dublin, Ohio, United States
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Business History
Idea Buyer was founded by serial entrepreneur Eric Corl who led it's rapid growth. He currently serves as the company's chief executive officer.
History of Idea Buyer:
2004 - Corl purchases the domain.
2007- Idea Buyer launched as the first online marketplace to license and sell patents.
2010- Corl began working on launching Fundable.com
2012- Idea Buyer CEO Eric Corl named as one of the top 100 entrepreneurs under the age of 30 by the White House and UN.
2014- Eric Corl returns full time to focus on Idea Buyer.
2016- Idea Buyer is named as the 168th fastest growing privately held companies in the United States.
2017- Idea Buyer is named as the 196th fastest growing privately held company.
2018- The company is recognized on the Inc 5000 - joining the ranks of less than 5% who have hit the list 3 times.
2019- Eric joins the US Chamber of Commerce Main Street Leaders program.
Company Representative
- Sitejabber’s sole mission is to increase online transparency for buyers and businesses
- Sitejabber has helped over 200M buyers make better purchasing decisions online
- Suspicious reviews are flagged by our algorithms, moderators, and community members
- Sitejabber’s sole mission is to increase online transparency for buyers and businesses
- Sitejabber has helped over 200M buyers make better purchasing decisions online
- Suspicious reviews are flagged by our algorithms, moderators, and community members
Hi Mike,
That actually sounds like good advice! Don't start before you are prepared! We have thousands of people contact us per month. We work with less than 1% of them. One requirement we have is that anyone we work with must have realistic resources set aside to launch their business. For select businesses, we discount our services in exchange for upside but there is always a financial requirement. Starting a business is risky and takes time and money. We are not Santa Clause and just as you wouldn't expect to get groceries for free, it isn't fair for you to expect us to provide services to you for free. We hope you understand.