I am currently an independent contractor for a fortune 500 company who pays me a nominal fee per product sold. The product is of a residual nature though I only get paid one time for each sale.
In my region I am the number one salesman, mostly due to the fact that I had the idea to sell the products at a retail location (another fortune 500 company) that is highly relevant to the particular products I sell. The main transactions at this retail location dovetail perfectly into what I sell, it's like hunting at the zoo.
My question is how do I go about selling this idea to either or both of these companies? Right now the retail locations that I sell out of are satellite locations (franchisee i.e. privately owned), I hired someone to sell out of one of their corporate stores but was kicked by a regional manager after a few days because of liability concerns.
I am certain logistical challenges like liability can be sorted out by the decision makers in respective companies.
My idea would involve these two companies forming a co-op of sorts where what I'm currently doing would just be replicated on a large scale.
The idea would be an economic windfall for both companies and forward their current missives long and short term particularly when it comes to outdoing competitors in their respective businesses.
It's literally a can't miss proposition for both companies, a homerun. How should I go about drafting a proposal, who needs to see it?
Is it possible for me to copyright the idea so that these megaliths don't just poach my idea?
What should I ask for in terms of payout? Optimally I would like a lump sum plus some form of residual compensation for any account derived from the co-op.
In my region I am the number one salesman, mostly due to the fact that I had the idea to sell the products at a retail location (another fortune 500 company) that is highly relevant to the particular products I sell. The main transactions at this retail location dovetail perfectly into what I sell, it's like hunting at the zoo.
My question is how do I go about selling this idea to either or both of these companies? Right now the retail locations that I sell out of are satellite locations (franchisee i.e. privately owned), I hired someone to sell out of one of their corporate stores but was kicked by a regional manager after a few days because of liability concerns.
I am certain logistical challenges like liability can be sorted out by the decision makers in respective companies.
My idea would involve these two companies forming a co-op of sorts where what I'm currently doing would just be replicated on a large scale.
The idea would be an economic windfall for both companies and forward their current missives long and short term particularly when it comes to outdoing competitors in their respective businesses.
It's literally a can't miss proposition for both companies, a homerun. How should I go about drafting a proposal, who needs to see it?
Is it possible for me to copyright the idea so that these megaliths don't just poach my idea?
What should I ask for in terms of payout? Optimally I would like a lump sum plus some form of residual compensation for any account derived from the co-op.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
