Would-be inventors: submit your idea to Quirky for a $10 fee and the community will help develop it. Each week the staff votes on ideas, and the winning product gets launched via Quirky’s unique, communal process.
Cash in: Inventors get 30% of every sale on Quirky.com and 10% of every retail sale.
Got an idea for a creative project? Post it on Kickstarter, along with a funding goal and a deadline (up to 60 days). Spread the word to get backers—anyone with a credit card can pledge money to your project (but you keep ownership of it).
Cash in: If you reach your goal, you get the cash (Kickstarter’s cut is 5% plus 3–5% for processing). If you don’t reach your goal, you get no money—but you’re not charged, either.
IndieGoGo is like Kickstarter, but your project can be creative or business-oriented. Set a funding goal and a deadline (up to 120 days).
Cash in: You keep the pledged cash regardless of whether you meet your funding goal. If you do meet it, IndieGoGo’s cut is 4% plus 3% for processing. If you don’t, the commission is 9% plus processing.
Monetizing Your Big Ideas Comments
- By DailyWorth Team
- September 20, 2011
You have a million-dollar idea for a project or product—here are three ways to get the resources to bring it to life.
Join our community of ambitious women.
Get started and sign up now.
10 Habits of High Net-Worth Women10 Habits of High Net-Worth Women
It’s Time to Stop ApologizingIt’s Time to Stop Apologizing
Pay Less for Everything From Massages to MedicinePay Less for Everything From Massages to Medicine
6 Millionaire Myths Debunked6 Millionaire Myths Debunked
How We Paid Off $440,500 in DebtHow We Paid Off $440,500 in Debt