Business Plan:

Overview:

The platform will serve as a bridge between inventors with innovative ideas and experienced product developers who can help bring these ideas to market through licensing agreements. Inventors will be able to find suitable product developers to collaborate with and earn passive income through royalties on successful product launches.

Target Market:

The target market includes individual inventors, product developers, innovation companies, and businesses looking to license new technologies or product ideas. The platform will cater to both novice inventors looking for guidance and established inventors seeking collaboration opportunities.

Revenue Streams:

Membership Fees: Offer different membership tiers for inventors and product developers to access the platform's features and connect with each other.
Transaction Fees: Earn a percentage of the royalty payments that inventors receive from licensed products.
Premium Services: Offer premium services such as legal assistance, marketing support, and prototyping help for an additional fee.

Marketing Strategy:

Online Marketing: Utilize social media, content marketing, and search engine optimization to reach inventors and product developers online.
Partnerships: Collaborate with innovation hubs, universities, and industry organizations to reach a wider audience.
Events and Workshops: Organize workshops and events to educate inventors and product developers about the benefits of licensing and partnering through the platform.

Financial Projections:

Monthly Revenue from Membership Fees:
Estimated number of members: 500
Average monthly membership fee: $50
Total monthly revenue: $25,000
Monthly Revenue from Transaction Fees:
Estimated total royalty payments processed: $100,000
Platform fee (5%): $5,000
Monthly Revenue from Premium Services:
Estimated revenue from premium services: $10,000

Estimated Monthly Revenue:

Estimated MRR: $40,000

By providing a platform that connects inventors with experienced product developers, this business aims to empower innovators to bring their ideas to market successfully while generating revenue through membership fees, transaction fees, and premium services.

Startup Idea: A platform that connects inventors with experienced product developers who can help them license their innovations and earn passive income through royalties.