If you have a home business with a proprietary product that you own and control, sooner or later you may start thinking about going to some bigger companies and see if they want to sell it.
The only problem is that there are horror stories all the time about how people take their products to bigger companies only to be told no and then see an exact duplicate of their product sold a few months later.
Is this a real concern that you should be concerned about?
Yes and no.
Yes, it’s a real concern, but no, it’s not something you necessarily need to worry about.
Because, you see, fair or not, there will always be people who see your idea and will scam you without shame or remorse.
But you can’t let that stop you. While there are some bad apples out there, most companies are honest and won’t rip you off.
And on top of that, many companies are scared to death of being sued for this very thing.
There are lawsuits going on right now where a guy worked for a company for 20 years, told someone about his idea, got fired or quit later, and then saw his product idea used by the same company.
And from what I’m told, most companies will avoid it at all costs.
So my point in all of this is, if you have a truly wonderful product, that people want and are willing to pay money for, go for the gold.
Try to get other bigger companies to sell it. Post the daylights alive out of it. Don’t worry too much about someone stealing it from you and extract as much money as you can while there is demand.
Plus, if you stay up to date with the latest and greatest marketing tactics, you’ll always be one step ahead of the thieves and sharks.