65+ Ways to Get Paid For Your Ideas That PAY WELL In 2024!

Have a good idea? Well, Did you know that you can get paid for your ideas?

With the right idea and research, you can make extra cash or even passive income through royalties from your idea.

There is a long list of companies that will pay individuals for ideas. These companies constantly seek ideas for invention, improvement, content, and much more.

Depending on the company, you can get paid for different types of ideas. The most common of them are invention ideas.

Other ideas include apps, websites, software, or even design ideas.

So, if you are like me and you have tons of ideas just lingering in your head, Write them down and sell your ideas online! Who knows what million-dollar ideas you have just waiting to be uncovered?

I get the best ideas during my hikes and morning walks.

This article provides an extensive list of companies that will pay for your ideas depending on your niche.

Get Paid For Your Ideas With These Companies!

1. Sharper Image

2. 3M

3. Henkel

4. Jokari Home Solutions

5. Under Armor

6. Idea Buyer

7. BD

8. Wilson

9. Escalade

10. Dorman Products, Inc.

11. Eco-Products

12. Play with a Purpose

13. Far Out Toys

14. Fat Brain Toys

15. Wham-O

16. Hasbro

17. Zing

18. Dr. Brown’s Baby

19. Mustang Survival

20. Unilever

21. Spin Master

22. Oxo

23. Flippa

24. Tiny Love

25. New Soda

26. FastCap

27. Crown

28. Hillman Group

29. All Star Innovations

30. Nautilus, Inc

31. General Mills

32. Oak Patch Gifts

33. Coleman

34. LEGO

35. SKLZ

36. New Balance

37. Stanley Black & Decker

38. Spectrum Brands

39. WillowWood

40. Hershey

41. Coca-Cola

42. Bosch

43. Kikkerland

44. Quirky

45. Invention City

46. DJO

47. Fila

48. Reckitt

49. Rico

50. Philip Morris International

51. Avery

52. Lear

53. Medtronic

54. Applied Medical

55. Mattel

56. OTC

57. Colgate-Palmolive

Companies That Pay For App Ideas

1. Google

2. Mobile App Fund

3. King

4. IdeaPros

5. Supercell

6. Apple

7. GungHo Online

8. ArtJoker

Disclosure:

Some of the links here are affiliate links, and I may earn if you click on them, AT NO EXTRA cost to you. I hope you find the information here useful! Thanks!

53 Companies That Pay For Invention Ideas

1. Sharper Image

Sharper Image is an American company that produces home electronics, gifts, air purifiers, and high-tech lifestyle products.

The company is constantly looking for the next best thing. They have a dedicated branch for partnership and startup ventures that will pay for your ideas.

When submitting your ideas, you need to include the following:

A description of your product.
photo, video, or mock-up drawings of the product.
Your contact information (name and phone number).

The company also pays for ideas that you have sold. Include information on where you have sold them and the total sales made.

You can email your idea submission to productideas@sharperimageonline.com.

2. Get Paid For Your Ideas – 3M

3M is a company that manufactures and distributes a broad range of products to serve its industrial and consumer markets.

The manufacturing company is known for its culture of innovation and investment in research and development. It is actively interested in buying new ideas.

You can submit your ideas and read their terms and policies on 3M’s Submission page.

3. Henkel

Henkel is a massive organization that provides worldwide solutions for adhesives, sealants, and functional coatings. They also lead consumer businesses such as Dial, Persil, and Schwarzkopf.

They aim to improve the daily lives of people across the globe through innovation. Thus, they actively seek new technologies, product ideas, patents, and other intellectual property.

You can get paid for your ideas through their Henkel Innovation Partnership Programs (HIPP). The HIPP seeks to build relationships with selected partners to develop innovative business ideas and reward you with a fair share of the innovation’s worth.

Get paid for your ideas with HIPP.

4. Jokari Home Solution

Suppose you have an excellent idea for kitchen gadgets, storage, organizational products, or other household solution gadgets.

In that case, you can get paid for your commercial ideas by Jokari as they are one of the invention companies that buy ideas.

The company specializes in home solutions and aims to improve people’s lives through inventions. You can visit their inventor’s page for your idea submissions, and their representative will contact you.

5. Under Armor

Under Armour is one of the leading performance apparel brands. They design, market, and distribute products to improve athletes’ performance.

If you have any ideas that can help improve the performance of athletes, then Under Armor would like to hear from you. Unfortunately, the company is accepting ideas from the United States only.

To sell your ideas online to Under Armor, you will need to provide the following:

Idea title
Personal information (name, email address)
Idea description
Work category (apparel/ digital/ footwear/ accessories)

Visit their Innovation Ideas Submission page.

6. Idea Buyer

Idea Buyer is a development company that partners with inventors to launch their ideas to the market.

The company itself does not manufacture the products. Instead, they do it through their marketplace partners like Walmart, Amazon, Lowes, and Home Depot.

If you are looking for companies that help inventors, Idea Buyer has an expert team to get your product idea into the market.

So, how do I sell my idea to a company like Idea Buyer?

Stage 1: Submit your idea online through their website.

Stage 2: Evaluation of the product idea by their team. Idea Buyer will come up with an offer to joint venture if selected.

Stage 3: collaboration begins to launch it to market after the offer is accepted.

Learn more on how to get paid for your ideas from Idea Buyer.

7. Get Paid For Your Ideas -BD

BD is a medical technology company that manufactures and sells medical devices, instrument systems, and reagents. The company is committed to enhancing the safety and efficiency of clinicians’ care delivery process.

BD can enhance outcomes, increase efficiencies, improve safety, lower costs and expand access to healthcare by working in close collaboration with customers.

BD would like to hear from you if your idea is in the healthcare niche.

But first, if you want to submit ideas for money you must print and fill up their Consideration of Suggestions document and mail your copy to the address below.

Office of New Product Suggestions

21 Davis Drive – PO Box 12016

Research Triangle Park, NC 27709-2016

Visit their New Product Idea page for further information.

8. Wilson

Wilson is another sporting goods company that will pay for your ideas. The company is well known for the “W” logo on tennis balls and other sporting equipment.

The company believes that great products start with great ideas, and new ideas compensation incentivizes innovation.

So, if you have an idea under the sporting niche, you can submit it under Wilson Idea Portal.

9. Get Paid For Your Ideas -Escalade

Escalade Inc manufactures and sells sporting goods. They specialize in producing equipment for sports such as table tennis, archery, darts, game tables, and more.

The company welcomes ideas for new products or services within the sporting goods and outdoor recreation markets from the general public. Submit your ideas by filling up Escalade’s idea submission form.

10. Dorman Products, Inc.

If you’re a car enthusiast with an idea about automotive improvement, Dorman would like to hear from you. The company is a leader in manufacturing aftermarket repair solutions for automotive.

Any idea for a new or existing Dorman Product category can be submitted at their New Product Idea page.

11. Eco-Products

Eco-Products manufactures biodegradable food service products like hot and cold cups, deli containers, cutleries, and more.

The company aims to eliminate single-use packaging for a zero-waste future.

If you have a green idea that can support their mission and have a social and environmental benefit, you can submit it at their Submit an Idea page.

12. Play with a Purpose

Play with a Purpose is a toy manufacturing company specializing in physical activities to encourage children to learn, develop, and grow.

If you have a creative idea that you think kids would love and get them moving, then you can reach out to Play with a Purpose through their Contact Us page.

Be sure to select “New Product Idea” in the subject dropdown.

13. Far Out Toys

Far Out Toys is another toy company that is always looking to innovate. As a result, Far Out Toys is one of the fastest-growing companies in the toy marketplace.

If you are a toy inventor with new games or toy ideas, you can reach out to Far Out Toys Contact Us page. Just fill up their submission form, and a representative will get back to you.

14. Fat Brain Toys

Fat Brain Toy is a top-selling toy company that manufactures and retails educational toys and games. The company is in the niche of producing open-ended toys, games, and gifts.

The company is open to product submission for toy inventors. If you have a toy or game in mind that is suitable for their product catalog, you can submit it in two ways.

So, how to get paid for ideas with Fat Brain Toys?

If you have a sample ready, Ship a sample with product information and wholesale price to their address at:

Fat Brain Toys

Attn: Product Reviews

20516 Nicholas Circle

Elkhorn, NE 68022

If no sample is available, you can email them your product information with photos at products@fatbraintoys.com.

You can find further information on product submission at Fat Brain Toys.

15. Wham-O

Wham-O is the toy manufacturer behind the famous hula hoop and Frisbee. The company has over 70 products, primarily toys for active, outdoor play.

Wham-O is continuously innovating to bring new and high-quality products to market.

They are looking for ideas from people with vivid imaginations and the ability to see beyond the ordinary. So if you think your idea can be the next iconic toy, reach out to Wham-O on their Idea Submission page.

16. Hasbro

If you have played Monopoly, you have heard about this company.

Hasbro is a global entertainment company that designs, manufactures, and markets toys, games, interactive software, puzzles, and infant products.

Want to get paid for your commercial ideas from Hasbro? Then you can follow these three simple steps.

Step 1: Fill up your personal information, such as name, address, and contact information. You will need to be 18 years old to submit your idea.

Step 2: Description of your big idea. Submission must be in English and include the product’s most precise details and specific materials.

Step 3: Categories of submission. Select which category your idea sits in the market.

Get started to submit your idea with Spark Hasbro.

17. Get Paid For Your Ideas – Zing

Zing is another developing and manufacturing company focusing on creating toys that encourage outdoor play and a healthy lifestyle.

They welcome ideas from inventors that fit their toy concept. If you want to know how to get paid for your ideas by Zing, you can submit your proposal at their Inventor Relation page.

18. Dr. Brown’s Baby

Dr. Brown’s is a baby product manufacturer that has been operating for 20 years. The company is well known for its unique baby bottle design that preserves the necessary nutrients from the baby’s milk.

As the leading pediatric-recommended baby bottle in the US, the company continues to focus on innovating and developing products with great for great functionality for parents and good health of the baby.

They openly accept idea submissions aligned with their business. So if you have an idea for baby products, you can reach out to Dr. Brown’s Baby.

19. Mustang Survival

Mustang Survival is an American company that produces marine apparel and safety products like dry suits, Inflatable Personal Flotation Devices, water gear, and more.

The company has an excellent reputation for designing, engineering, and manufacturing products for NASA, Navy Seals, Coast Guard, and even Professional Athletes.

They are dedicated to producing the best marine safety products on the market. If you share the same passion and have an original invention in mind, then you can submit your new product ideas to them.

You must consider three things before submitting your idea to Mustang Survival.

Your idea is a working product.
Your idea is a new invention.
Your idea must be commercially viable.

Find out more about the submission process at their New Product Idea Submission page.

20. Unilever

Unilever is one of the largest consumer good company in the world. They are the company behind well-known brands like Lifebuoy, Dove, Sunsilk, Knorr, Rexona, Ben & Jerry’s, and many more.

They welcome inventors to submit their ideas for products under the Unilever umbrella. However, your idea will need to be able to address a list of specific challenges.

The challenges include climate action, a waste-free world, health & well-being, and a few more that they specify in their submission portal.

You can visit their Unilever Open Innovation Portal platform to start your submission.

21. Spin Master

Spin Master is another toy and entertainment company from Canada. The company is known for brands like PAW Patrol, Rubik’s Cube, Kinetic Sand, and many more.

Well-known for its innovative toys, entertainment franchises, and digital games, the company is open to ideas from the public.

If you want to know how to get paid for your idea by Spin Master, you can visit their Inventor page and contact them at inventorrelations@spinmaster.com.

22. Get Paid For Your Ideas – Oxo

Oxo is an American manufacturer that produces kitchen utensils, office supplies, and housewares. Their mission is to improve people’s lives through simple, thoughtfully designed products.

They welcome inventors who can develop ideas that improve a product or a process and make everyday life easier. Submission can be in the form of four types of formats.

Hand drawings
Photographs
Video demonstrating the product in use
Website about your product

Find out more on Oxo Inventor Submission.

23. Flippa

The online marketplace Flippa is where you can sell websites and other online businesses. Flippa is a great place to sell your ideas that have been developed into an app.

Selling through Flippa ensures you get all the revenue from selling your idea. It cuts out the middleman.

However, the site does impose a small listing fee from $10 to $49 as you will get access to a large number of potential buyers.

You can follow Flippa’s guide to start selling your digital assets.

24. Tiny Love

If you are a parent with great ideas about baby or kid’s toys, then your idea can earn from Tiny Love.

Tiny Love is a baby products company that makes stimulating developmental toys and products that encourage babies’ growth.

If your idea, invention, or design can offer smart solutions for babies (0-24 months) and their parents, then Tiny Love would like to hear from you.

You can reach Tiny Love through their New Idea page, and the company representative will get back to you.

25. New Soda

New Soda is an idea-based company that manufactures kitchen products. The company loves to receive ideas and turn them into original products. Then, if they like your idea, you can earn royalties from the sale.

Here is how it works:

Step 1: Submit your idea to New Soda

Step 2: New Soda will review your idea

Step 3: New Soda will do the prototype

Step 4: Final packaging and color selection

Step 5: Product exhibition to buyers

Step 6: You start receiving a commission for every unit sold

26. FastCap

FastCap manufactures woodworking products and tools to accommodate professional cabinet makers and woodworkers.

Founded by a veteran woodworker, the company was born from his idea to create a self-adhesive screw cap cover now known as Fastcap.

FastCap is open to receiving idea submissions for the woodworking trades from inventors via video submission and pays a 2% to 5% royalty.

You get a hold of FastCap via email at paul@fastcap.com.

Learn more on how to submit your ideas at FastCap.

27. Crown

Crown is the leading global supplier of rigid packaging products like metal beverage and food cans, aerosol metal containers, and metal closures.

The company wants to hear ideas for packaging products and process innovations for the following:

Metal packaging of food and beverages
Metal packaging for other fast-moving consumer goods
Transit packaging

You can start your idea submission process at Crown’s Innovation Page and expect the company to respond within 30 days.

28. Hillman Group

Are you in the hardware niche, wondering how I can get paid for my ideas? Then, you should reach out to Hillman Group.

The Hillman Group manufactures quality fasteners, including nuts, bolts, screws, and washers.

Hillman prides itself on being the industry leader in builder solutions. They have achieved this through strong partnerships with the customers they serve.

You can submit your idea by filling up the submission form.

If you would like to sell invention ideas to Hillman, you can read more about the submission process at Hillman’s Invention page.

29. All Star Innovations

All Star Innovations is a consumer product company that brought you products like the Snuggie, Magic Mesh, Happy Nappers, and many more.

Their business model is bringing quality manufacturing through direct-to-consumer advertising and retail.

All Star is constantly seeking ideas to be the next big consumer product. Visit their submission page to learn all the categories they accept and follow their four-step idea submission.

30. Nautilus, Inc

Nautilus, Inc manufactures exercise equipment, including stationery bikes and treadmills. They are behind brands like Nautilus Fitness, JRNY, Schwinn Fitness, and Bowflex.

Suppose you have a great idea for exercise equipment. You can reach out to the Nautilus address below. All ideas must be patented and published patent-pending ideas.

Nautilus Innovation Center

17711 SE 6th Way

Vancouver, WA 98683

31. General Mills

General Mills is an American manufacturer and marketer of processed consumer food sold through retail stores. Their portfolio of brands includes Cheerios, Betty Crocker, Pillsbury, and many more.

The company is interested in receiving ideas and solutions from the general public relating to products or technologies within its line of business.

Submit your ideas to their Consumer Relations team using the email below.

Email: cshelp@genmills.com

Phone: 1-800-248-7310

Learn more about their submission criteria at General Mills Criteria & FAQ.

32. Oak Patch Gifts

Oak Patch Gifts is a leading supplier of fun and unique gifts.

Want to get paid for your creative ideas for gifts or fun inventions, then reach out directly to the company to inquire about submitting an idea through their contact form.

33. Coleman

Coleman is an American brand that manufactures outdoor recreation products, especially camping gear. The company strives to bring its customers great products to get more people outside to have fun.

If you have an idea about outdoor equipment, you can reach out to Coleman’s contact center.

34. LEGO

Did you know that you can get paid for your creative idea by LEGO? This toy brand is most famous for manufacturing interlocking plastic bricks you can find in almost every household.

If you are a fan of LEGO, then you can unleash your inner child and create your own LEGO set. If LEGO likes your idea and commercializes the set, your original design will receive 1% royalties.

You can visit LEGO’s web page to start submitting your ideas.

35. SKLZ

SKLZ is a producer of athletic skill and performance training products. Among the products that SKLZ produces are mini bands, speed chutes, training balls, massage tools, and many more.

If you have an idea for sporting equipment, you can contact SKLZ for an idea submission.

Bear in mind that SKLZ is looking for products that fit their product line and are viable (effective, can be made for a reasonable cost, and retailers want it).

Get in touch with SKLZ on their Contact Us page.

36. New Balance

New Balance is a major sports footwear and apparel manufacturer known worldwide. Started in 1906 as a one-man operation is now a global corporation selling in 120 countries.

New Balance is open to receiving patented ideas from individuals. However, the ideas submission must fulfill the following condition:

Relevant to New Balance’s core business (athletic footwear, apparel, and related accessories)
Economically viable from a manufacturing and marketing
Satisfy the needs of their customers

You can submit your idea via email or mail by filling up the External Submission Form together with any related materials. Further information regarding the process can be found on their Idea Submission Page.

37. Stanley Black & Decker

American manufacturer Stanley Black & Decker is known worldwide for producing power tools, hand tools, storage, digital tool solutions, lifestyle products, outdoor products, and other industrial equipment.

The company has been operating since 1834. Its leading position in the market is due to the company’s continued focus on innovation and technology.

Stanley Black & Decker calls for makers and creators to partner with them to turn their ideas into commercialized products.

Idea submission must be made to submityouridea@sbdinc.com and include the following:

Name
Phone Number
Email Address
Mailing Address
Issued Patent or Published Application

You can learn more about the submission process at Stanley Black & Decker Idea page.

38. Spectrum Brands

Spectrum Brands is a diversified global company that markets consumer products, pet care, and home essentials.

The company is structured around growth and efficiency and is constantly developing solutions to improve how people live at home.

Spectrum Brands is open to innovative ideas under four categories (home and garden, hardware and home improvement, global pet care, and home and personal care appliances).

If you want to get paid for your idea, you can fill out the submission form.

39. WillowWood

Founded in 1907, WillowWood manufactures and designs prosthetic products. The company utilizes technology to create prosthetic products that feel comfortable and functional.

WillowWood aims to provide a product that allows amputees to remain active and have an improved range of motion.

Suppose you share the same passion as the company and have an idea for a product. Then, you can fill up their submission form for review.

You can find more about WillowWood’s Idea Submission Policy.

40. Get Paid For Your Ideas – Hershey

Hershey is one of the largest American chocolate manufacturers in the world. The company has an extensive portfolio of brands like Kit Kat, Reese’s, Cadbury, Jolly Rancher, and many more.

Hershey welcomes any idea from the public as they always look for new snacks for the market. So if you have sweet or savory ideas, you can reach out to Hershey.

41. Coca-Cola

Any soda fans will know the Coca-Cola company. This household name has been serving up this sweet carbonated beverage since 1892.

Their vision is to create drinks that people love. If you have an idea that you would like the company to consider, then go to their Idea Submission page.

42. Bosch

Bosch is a German company that is a worldwide leader and supplier of technology and services. The company is known for its power tools and electrical appliances.

Bosch is on a mission to develop products that make life better while conserving natural resources. If you have an innovative product or solution idea, you can reach out to Bosch on their Innovation page.

43. Kikkerland

Kikkerland is a design company with the most extensive collection of ingenious items. Their products are not only functional but equally delightful to have.

Since 1992 the company has been supporting and representing self-producing and independent designers worldwide. Design that was chosen to be produced as a Kikkerland product gets paid up to 5% royalties.

So what are you waiting for? Submit your design idea at Kikkerland if you want to turn your out-of-the-box idea into a selling product.

44. Quirky

Another company that turns your great idea into a product is Quirky. You can get paid to come up with ideas.

Coming up with an idea takes time, but with Quirky, it is possible to get paid for your time as they want to turn your idea into a great product.

How it works is that:

Step 1: Submit your idea by filling up a submission form

Step 2: Every month, Quirky will select one idea and turn it into an actual Quirky product

Step 3: The selected product is made and distributed to major stores to be sold

Step 4: You will start to get paid for every product sold. Inventions are paid 1.5% in royalty.

You can find Quirky’s submission page here.

45. Invention City

Invention City helps inventors commercialize their ideas. You can submit your ideas for free, and if they like your idea, they will offer a licensing deal to you.

The company also provides a service to review your idea for $95.

They take 5 working days to review your ideas. No response within the 5 days means they aren’t interested.

Their licensing deals are structured to pay royalties on sales from 1% to 5% and revenue sharing on sub-licensing between 20% to 60%.

You can submit your ideas at Invention City.

46. DJO

DJO is a medical device company based in Texas known for its orthopedic products, which are made and used for rehabilitation, pain management, and physical therapy.

If you have an idea or solution for foot care or healthcare and recovery, then you can get paid for ideas online. Just reach out to DJO or submit your idea online.

47. Fila

Fila is a South Korean-owned athleisure brand known for their polo shirts, sweatshirts, and shoes.

The company is interested in receiving innovative ideas for future products that meet customers’ needs and desires.

So, you can get paid for ideas by providing your patented ideas via hard copies sent through mail.

Send your patented ideas via regular mail at:

Legal Department: 1411 Broadway, 30th Floor, New York, New York 10018.

48. Reckitt

If you are looking for other companies that pay for ideas, especially innovative ideas for health and hygiene, you can submit your ideas to Reckitt.

This global hygiene, health, and nutrition brand is home to some of the most popular brands, such as Dettol, Vanish, Durex, Nurofen, and many more.

Reckitt welcomes innovative submissions that can make the world a cleaner and healthier place. You can apply through their website to get money for ideas.

49. Rico

Are you an NFL and NBA players fan and have always wanted to share your product idea for merchandise and novelty gifts? Good news!

Rico is a company that makes wholesale gifts and novelty sports memorabilia products. If you have an idea that fits Rico’s business and is a ready-to-go product, Rico would love to hear from you.

You will need to send your submission via postage to:

Rico Industries, Inc.

1028 Heath Springs Industrial Dr

Heath Springs, SC 29058

Attention: New Product Coordinator

50. Philip Morris International

Philip Morris International (PMI) is an American multinational tobacco company best known for its popular brand Marlboro.

The company is committed to developing new products and is open to receiving new ideas and innovations.

So, if you have an idea related to cigarettes or smoke-free products like heated tobacco or e-vapor, you can contact the PMI Ideas & Partnerships team.

51. Avery

If you have an idea for office supplies and self-adhesive products and are looking for a place to sell your ideas for money, look no further than Avery.

They are the leading manufacturers of self-adhesive labels and office, home, and school-related supplies.

If you have a patented product idea that fits Avery’s business, you can email your idea to their Care Center.

52. Lear

Lear is an automotive technology company that specializes in seating and E-Systems. Its focus is on implementing intelligence in vehicles to improve safety and the customer experience.

Lear is always driven by innovation and is one of the many companies that buy invention ideas. So, if you have any innovative ideas, they have a dedicated team to review idea submissions.

All submissions can be sent via their webpage.

53. Medtronic

If you are a doctor, engineer, or even someone with a medical background and wondering, ‘How do I sell my idea to a company?’ then try looking up Medtronic.

Medtronic is a healthcare and technology company that produces life-saving devices that solve health challenges related to chronic illnesses.

They are passionate about developing and supporting breakthrough medical technologies, so they welcome ideas that can help develop treatments for chronic diseases.

Medtronic is also one of the companies that help inventors with research funding for medical research devices.

Any ideas in medical technology can be submitted through their website.

54. Applied Medical

Applied Medical is a medical device company that develops innovative products to improve patient outcomes and enable the advancement of minimally invasive surgery.

Its portfolio includes over 700 surgical products.

They are constantly looking for innovative ideas for surgical devices and welcome any ideas for a new product that would complement or enhance their existing product line.

You can get paid for invention ideas by visiting their idea submission page and submitting them through their online portal.

55. Mattel

Do you have a great idea for a toy invention? Why not sell ideas for money and see your ideas come to life as a product?

Mattel is a leading global toy company with big brands like Barbie, Hot Wheels, Disney, Fisher-Price, and more.

They are one of the biggest toy invention companies that will buy your invention ideas, concepts, or designs for toys. On their website, you can share your product ideas for consideration for the next toy.

56. OTC

OTC is a tool and equipment manufacturer founded in Owatonna, Minnesota. They manufacture and supply vehicle electronic diagnostic equipment.

Suppose you are searching where can i sell my ideas for money. OTC is always looking for innovative tool creations that can provide solutions to make automotive technician life easier and more efficient.

Submitting ideas to companies like OTC would not only get you paid, but you would also see your ideas become a tool in someone’s toolbox.

They have an Invent with OTC program where you can submit your tool idea. They will review it for a potential prototype that could lead to manufacturing and selling it on the market.

Selected ideas that become products under OTC will receive royalties for every tool sold. So, what are you waiting for? Submit invention ideas for royalties with OTC here.

57. Colgate-Palmolive

Colgate-Palmolive is an American manufacturing company that produces household and commercial cleaning products, dental and other personal-care products, and pet foods.

If you are looking for companies that buy ideas for products in the oral, personal, home, and pet Nutrition categories, Colgate-Palmolive is actively pursuing innovation and partnership solutions.

They have their ‘Open Innovation Submission Portal,’ where you can find their submission form and get all the information needed to submit your idea.

Companies That Pay For App Ideas

App ideas are highly lucrative. Your side project creating apps can earn you a lot more than some extra money as app development is a full-time job, and companies are willing to pay for those great app ideas.

Here is a list of companies that will pay for your app ideas.

1. Google

Google Play Store allows you to sell your already-developed app. Millions of consumers use the service, making it a great platform to sell your app.

Earnings for the app are dependent on your monetization strategies. Approximately you can make around $0,004 per app download.

However, if your app has yet to be developed, you can reach out to Google to see if they would like to invest in its development.

2. Mobile App Fund

Suppose you’re looking to get paid for your app idea. In that case, Mobile App Fund’s business model is about funding and developing new app ideas.

The company provides funds from $5K to $1M to develop, deploy and market the app.

In addition, you will be able to share the profits from the app after it is released to the public. You can submit your ideas on their Submission Page.

3. King

King is a mobile entertainment company famous for developing the Candy Crush Saga.

King is always on the lookout for the next big thing, and there are one of many companies that buy app ideas, so if you have a game app idea, you can reach out to the company through their Contact Us page.

4. IdeaPros

Earn money by giving ideas to IdeaPros.

IdeaPros is an organization that helps build, launch and distribute apps. The company acts as a strategic partner to help you get paid for your app idea.

You can submit your app idea on their website, and they will also give a free evaluation of your app idea submission.

5. Supercell

Supercell is a gaming company from Helsinki. Supercell’s most popular and successful game is Clash of Clans, an online mobile strategy video game with over 1.8 million users.

The company welcomes new app ideas. You can contact Supercell through their social media platform or website to enquire about submitting your ideas and get paid for app ideas.

6. Apple

Like Google Play Store, you can sell your developed apps on Apple’s App Store. However, the company has been known to purchase apps directly. If your app has great potential, reach out to Apple and ask about their submission process.

7. GungHo Online

GungHo Online is a Japanese game company with apps like TEPPEN and Dokuro. The company is also known for the game Ragnarok Online.

The company is always looking for new game app ideas to be featured under their company.

Unfortunately, they do not have an official submission channel, but you can reach out to them directly at their Contact Us page.

8. ArtJoker

ArtJoker is a company that specializes in web and mobile application development. They are always looking for new ideas for apps. You can contact ArtJoker to submit your app idea.

Must Ask Questions To Get Paid For Your Ideas

1. Is The Idea New?

If your idea has been done before, then there is a good chance that you won’t be able to sell it. You can check if your idea is new with a simple Google image or Google Shopping search.

If nothing similar appears, then you are good to go.

2. Is The Idea Patented?

Make sure your idea is not patented. To do this, you need to do a patent search. A database of patents is available for patent search by the United States Patent and Trademark Office.

You can also do this with Google, as they also index patents.

3. How Big Is The Market For Your Idea?

New products take up considerable resources to produce, and companies must ensure that your product is feasible to manufacture and commercialize.

It would be hard for companies to sell your product idea if the market is too niche.

4. Is Your Idea Easily Explained?

Your idea must be easily explainable. Companies do not want an idea that will be hard to explain to customers. Educating customers on how to use a product is time-consuming and expensive.

5. Will It Be Expensive To Manufacture?

Being able to manufacture at a competitive price is vital for products to make a profit, and companies want to make money out of your idea.

However, if it is too expensive to manufacture, then it’s unlikely that you will be able to sell your idea.

Always have the manufacturing cost in mind when you are designing your idea. Most of the time, simplicity is key for an idea to work.

Get Paid For Your Ideas FAQs

How Can I Get Paid For My Ideas?

You can get paid for your idea by identifying the companies that pay for invention ideas, such as:

Sharper Image
3M
Henkel
Dorman Products, Inc
BD
Jokari Home Solutions
Wilson
Eco Product

You can find details and the submission process for the listed companies in the article above.

How Do You Sell An Idea To A Company Without Them Stealing It?

You can sell an idea to a company without them stealing it with patents. Although expensive, it can run from $5000 to $8000.

Another way to sell an idea to a company without them stealing it is with a nondisclosure agreement, aka NDA.

The NDA will only allow the company to use your idea if paying for it.

Will Companies Pay For Ideas?

Yes, companies will pay for ideas! Suppose you have an idea that is valuable and potentially profitable.

In that case, many companies are willing to receive new ideas from the public and either buy them or create a license.

The submission process will differ from one company to another, but these companies welcome good ideas from inventors.

How Do I Sell My Idea To Google?

If you are wondering how to sell your idea to Google and get paid for your idea by this tech giant, then here are some steps that you can follow.

Step 1: Patent your idea.

Step 2: Do market research on your idea.

Step 3: Increase your idea’s visibility toward Google.

Step 4: Promote your idea by creating a website.

Step 5: get licensing for your idea.

Can You Sell An Idea For An Invention?

Yes, you can sell an idea for an invention! But first, you need to find an interested manufacturer.

After that, you can sell your invention idea or outright sell it for one large lump sum as compensation for your idea.

Another way you can earn from your idea is through a licensing agreement.

Apps That Allow You To Get Paid For Your Data

Did you know that you can get paid for your data? Here are apps that will allow you to get paid for your data:

DataCoup
Monetha
UpVoice
HoneyGain
Paribus
PhonePaycheck
Nielsen Computer and Mobile Panel
Evidation
Permission Research
National Consumer Panel
ScreenLift
Dosh
Killi
Pei
MobileXpression
SavvyConnect
UBDI
Money SMSget paid for your ideas
CashMagnet

Where Can I Submit Invention Ideas For Royalties?

Here is a list of companies where you can submit invention ideas for royalties:

Lego
New Soda
FastCap
Quirky
Invention City
OTC
Idea Buyer
Jokari
Dorman
Henkel
Hasbro
Gung Ho
Under Armour

There is a lot of earning potential from selling your ideas. Although the process takes time and effort, the outcome can be rewarding, especially if you receive royalties.

An idea that can create solutions and fill the market gap will be very attractive to companies. However, protect your ideas by reading the fine print before submitting them to a company.

With some research and creativity, you are well on your way to getting paid for your ideas.

Now that you know the best place to submit invention ideas, just reach out to the companies that are listed and start selling your ideas.

Good Luck!

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