How many times have you had an idea for a gadget that would be cinch to make millions? You know, things like harnessing the heat-retention properties of an fried egg roll and applying it to winter gloves. I am getting off track, but a new service called Quirky will help get your idea on track. You supply the marketable concept, they supply the customers.
Every week users post ideas on quirky to be rated by the quirky community. The community surveys the scene during the 7 day evaluation period, finally choosing one product from the pool of submitted ideas to move forward through the process. quirky’s community then contributes to all aspects of development, weighing in on everything from naming to logo selection to packaging.
So you’ve got the next great widget. Head over to quirky.com and submit your idea for a cool $99. From there, your project garners 7 days of commenting, refinement, and analysis. Every week the community votes for a project that will move forward. If yours is voted, woo hoo!
Then the community contributes more, settles on packaging, names, logos and the like and then the good is put up for pre-sale. If the product reaches a pre-sale level, production is begun and credit cards are charged. The money starts rolling in.
Where the dough?
As the inventor, you along with the contributors divy up 30% of the proceeds.
The first product to come out of quirky is the Sling Back, a clever little widget that becomes a universal wire retractor keeping your headphones, USB cables or similar tangle and mess free. It is on pre-sale now for $9.99 and has sold 41 out of the needed 500 to go into production. It will be interesting to see if it makes it. Check out this video from quirky.com:
Company site: [quirky.com]