I'm always coming up with ideas.. inventions and such, even when I'm not trying. It runs in the family, I suppose, as my great grandfather invented the water meter, though he sold it for a dime including all the credits (or so the story goes)
Anyway... I have an idea that I know is solid gold... it's completely unique and marketable, health and beauty related... and no I'm not telling anyone until I have a patent on it, LOL!
I knew someone who used to go on at length about their inventions and such, and I know the way they went with their product, they hired an engineer with the graphics computer program to map out all the specs of the item before they got the patent, and paid for it out of their own pocket. Don't think anything ever came of the idea though.
But I need my brilliant BYC friend's input here.... How would you go about this process with an idea for a product?
After getting the patent would you try to go it alone, with private investors and make your own company around this item (sellable on it's own, could be a line of products)... or would you sell the rights to a big company for royalties?
Despite all the good points for it, the problem with the private route would be, how do you get the needed investors?
The problems with selling the idea to a big company for royalties would be, no or little control of the product, the quality, packaging, marketing and all such other factors would be out of your hands. The amount recieved from royalties might be questionable in comparison to the true worth of the product, especially over the long term.
So I suppose I really want to do it private... but I don't have any millionaire neighbors
What do you all think?

Anyway... I have an idea that I know is solid gold... it's completely unique and marketable, health and beauty related... and no I'm not telling anyone until I have a patent on it, LOL!
I knew someone who used to go on at length about their inventions and such, and I know the way they went with their product, they hired an engineer with the graphics computer program to map out all the specs of the item before they got the patent, and paid for it out of their own pocket. Don't think anything ever came of the idea though.
But I need my brilliant BYC friend's input here.... How would you go about this process with an idea for a product?
After getting the patent would you try to go it alone, with private investors and make your own company around this item (sellable on it's own, could be a line of products)... or would you sell the rights to a big company for royalties?
Despite all the good points for it, the problem with the private route would be, how do you get the needed investors?
The problems with selling the idea to a big company for royalties would be, no or little control of the product, the quality, packaging, marketing and all such other factors would be out of your hands. The amount recieved from royalties might be questionable in comparison to the true worth of the product, especially over the long term.
So I suppose I really want to do it private... but I don't have any millionaire neighbors

What do you all think?