Quirky is a platform where you can submit your product ideas and if selected, they will turn it into a product and give you a commission. They take care of all the production and marketing for you, so it doesn’t cost you anything.
Compare that to trying to manufacture a product yourself. You could spend tens of thousands on design, patents, and prototypes. With no guarantee that your product will be successful.
If you are the kind of person who is always thinking of improvements to current tools or equipment you use, but don’t have the money to get it to market, this could be a great option for you.
There is no fee to join or submit your idea.
Payments
“The combined User Royalty (for all Influencers) for a Product Idea submitted on or after December 22, 2015, shall be: (a) up to 3% of product revenue from sales of products by Quirky (see, Three Percent Transaction below); or (b) up to 1.5% of revenue associated with licensing by Quirky to a third party of Intellectual Property Rights associated with a Product Idea (see One and One Half Percent Transaction below); or (c) up to 5% of revenue associated with sale by Quirky to a third party of Intellectual Property Rights associated with a Product Idea.”
Yes, of course you will earn less than if you managed the whole process yourself, but you also risk nothing.
Instead of letting those ideas gather cobwebs in your head, get them out there and if selected, at least earn something for them!
