Pitching Your Idea - Deepstash
Beat Procrastination

Learn more about entrepreneurship with this collection

How to create a productive environment

The importance of self-care in productivity

How to avoid distractions

Beat Procrastination

Discover 99 similar ideas in

It takes just

11 mins to read

Pitching Your Idea

Pitching Your Idea

If you decide to bring your idea to market then you need to be schooled in business. This means you need money, management, and accounting, production, sales and marketing. Then after you have all this, you need customers. All of this is hard.

Pitching your idea to the big guys is the way to go. They have the name brand, infrastructure and distribution channel to hit millions of people NOW. Everybody hates to cold call but this is required for you to pitch your idea. This is much easier than it seems because companies want new ideas and that is the hook for you to get in.

382

1.13K reads

MORE IDEAS ON THIS

One Simple Idea: Eliminate Your Competition By Partnering With Them

When you come up with ideas that are incremental improvements, they have the benefit of being validated already. If people buy red umbrellas, chances are they’ll buy green ones too. However, it also means that there will already be plenty of others trying to sell differently colored umbrellas.

387

2.63K reads

Using Referrals

Renting out your ideas means that in the end, you’ll stand for the product’s quality with your name, so make sure you live up to it.

Whoever manufactures your product better be good. But the best suppliers already have a lot of business, so how can you get a class A producer as a newbie?

372

1.71K reads

Appeal To The Sub-Audience

Appeal To The Sub-Audience

Chances are you won’t stop at renting out one idea, because if you can get it to work once, you’ll want more of it. But there’s one pitfall you have to avoid when coming up with more products that are similar to your previous one: changing the target audience.

People who buy map sets wa...

379

1.37K reads

Tips For Licencing: Look For Ideas

Tips For Licencing: Look For Ideas

You do not have to be Einstein to have a break through idea. If you have ever been shopping, then you can come up with ideas. The key here is to focus on thins that really annoy you. If they annoy you then maybe they annoy others. This is a starting point for a new idea. Think about problems and ...

389

1.38K reads

Tips For Licencing: Protect Your Idea

Tips For Licencing: Protect Your Idea

Contrary to negative belief; most companies do NOT want to steal your idea. The traditional way to protect your idea was to submit for patents. This is a very expensive endeavor.

PPA: This is a provisional patent application and costs $110 to submit. This gives you Patent P...

381

1.22K reads

Tips For Licencing: Prove Your Idea

The traditional licensing model works like this. Find an idea, build an expensive prototype, spend a small fortune for patent protection and hope it sells. This is why most people don't think of licensing as a viable career because the barriers APPEAR too big to bridge. Proving your idea before y...

372

1.25K reads

The Three Key Takeaways

The Three Key Takeaways

Here are 3 lessons from One Simple Idea:

  • Eliminate the competition by partnering with them.
  • Get your foot in the door of manufacturers with referrals from established buyers.
  • For new products, always make sure they appeal to a sub-audience.

428

4.87K reads

Related collections

More like this

Pitching

Start by drafting a pitch and putting it up on your wall. Look at it every day, and ask how you can simplify it. Can you get it down to one breath? Can you explain it to a ten-year-old? 

Next, you need to prepare different versions. Your first floor pitch is the single sentence elevator pit...

Present Your Position First

  • While pitching to decision-makers, the normal way of establishing the background and context, followed by the conclusion (that you wish is implemented) does not work.
  • You need to pitch the conclusion first and then back it up with reasons and context

Describing your work

Think about the best definition of your work, your status, and your goals. Practice it a bit, to have something to say when people ask you what you’re up to. Everyone would prefer hearing a little bit of a pitch than hearing “eh, kind of nothing, except a little of this, but it’s not important...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates