MarketingExpert wrote:There is a difference! Most of the companies referred to as "invention promotion" companies do not do what the inventor "thinks" they are going to do. Nevertheless, if the inventor actually reads the agreements from these companies, they do what they tell you they will do...not much of anything of value. Mass mailing of information about your product concept with no legal protection in place is the norm. If it sounds too good to be true, it usually is..
I agree with the above - in order to aoid being sued Invention Promotion COmpanies will spell out what they will do BUT probably don't say what they WON'T do.
Inventors might think they're getting a lot more then they actually do get.
I personally would want someone promoting for me who is on a commission based on results rather thens omeone working on a fixed rate.
Marketing is a huge part of a successful new product - you can make the most useful gadget in the world but people have to know it exists, and know where to go to buy it. More recently in the UK we've seen a company called JML which has been very good at marketing certain products, with TV adverts and in store Televisions playing their demonstrations over and over to passing shoppers. I hear the deals JML offer aren't always great for the inventor but if it helps get them publicity and there is an agreement in the contract that allows them for a better deal should the product be a success or a way to sel to others the same product later on under a different brand then it might be a good way forward for some.
The inventor has to think of all the possibilities and make sure there is a way out for them if the marketing company doesn't perform as expected.