Invention Scams - How To Avoid Companies That Claim To Make You Millions From Your New Invention Idea
July 17, 2008 | 1 Comment
There are many invention promotion firms who will advertise that they will take your idea to market for a fee that can range from $1,000 to $40,000. They advertise that they will contact manufacturers for you, give you a website to promote your product, and to promote your product in magazines and other media.
Unfortunately there are companies that are scams. They conduct inventor fraud by operating in unethical ways.
Here are some tips for determining if an invention promotion firm is legitimate or a scam.
1. Check the U.S. Federal Trade Commission website. The U.S. Federal Trade Commission’s job is to protect consumers. If you type “invention promotion” in their search box on the U.S. Federal Trade Commission website, you will come up with some very helpful articles on what to look out for when dealing with these firms. Read more
