How To Monetize Your Ideas

Most people have great ideas from time to time but do nothing with them because they don’t know how to make money from their ideas. Ideas are a valuable commodity, and if you can learn how to monetize your ideas, you can set yourself up for life.

Reputation As An Inventor

In order to make money from your ideas, you need to be known as an inventor. This means that you need to build a reputation as someone who comes up with great ideas and follows through on them. The more successful you are as an inventor, the more people will want to do business with you.

There are a number of ways to build a reputation as an inventor. Here the two best ways I’ve used.

Submit your ideas to competitions. This will give you exposure to a wide audience and will show that you are serious about your work.

Share your work on social media. Don’t be afraid to share some of your ideas on social media. This will help you gain credibility in the eyes of potential customers and clients.