Friday, May 18, 2007

How To Make Money Buying And Selling Ideas Online

George M. Davison had an idea about ideas. A lot of people have ideas. Some ideas are very good. So why not buy ideas from people and then resell them for a profit. Sounds impossible? Well, it's not.

George Davison started his first business in 6th grade. He would buy candy in bulk from a local merchant each morning and then sell it to the children at Shadyside Academy that day. Buying Charms lollipops for five cents and then selling them for 25 cents, he learned first hand how to buy and sell, as well as to create his first inventory system. As time passed, he found himself leading his fellow Kiskimenetas Spring School (prep) students as one of only a few students selected to run the dorms. He attended school six days a week in a coat and tie and held down his first major job managing his classmates.

When it came time for college, George Davison had two letters of nomination to the U.S. Naval Academy, one from Congressman Lyle Williams, and the other from Congressman Don Bailey. He decided to attend Allegheny College in 1982. On the first day of school, he met his wife, started a vending machine business, ran the commissary, and became house manager for The Phi Delta Allegheny Chapter. Davison graduated in 1986 with a Bachelor of Science in Economics and a minor in Computer Science.

Wanting to follow in his ancestors' footsteps, Davison realized that he too wanted to run his own business. He spent two years after graduation making a new product that killed toothbrush germs. Like most inventors, Davison felt the pain of someone beating him to market with an idea. Davison decided there must be an easier way to design, develop and present ideas to corporations. These obstacles are what prompted him to come up with a way for inventors to get their ideas designed and presented to corporations for possible licensing. Through this process, Davison came up with his greatest invention - Inventegration, which is the unique process that drives his company. Today, Davison's company employs over 285 people in Pittsburgh. This is how it works

Once a new idea is presentation ready, Davison focuses on presenting the product to corporations with the intent of securing a license agreement. But Simply having an invention does not guarantee that a product will make its way onto a store shelf. For a product to have a fighting chance, it requires skills and knowledge that come from experienced professionals. Davison's licensing efforts have placed products in Wal-Mart, Dick's Sporting Goods, Bed Bath & Beyond, and Target, just to name a few.

So if you have a worthwhile idea and want money for it, you may want to run it by George. He'll give a free estimate about how worthwhile your idea may be. And if you are lucky, you'll get a lot of money for it.

P.S. At this point Inventegration works only with US residents.

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