Outsource Your Inventions and Collect a Royalty Stream!

Outsourcing your inventions is now a reality.  For those of us long on ideas and short on execution, there’s now a solution!  With this new service, you can post your ideas online, let the community vote on viability and commercialization potential, and then sit back and collect a handsome revenue stream once the product is developed and marketed.

How to Outsource an Invention

The latest innovation combining social media, the web and financial innovation is Quirky.  In essence, everyday you’re probably thinking of some practical solution for a common problem, but lack the resources, time or inclination to actually do anything about it.  Now, you can quickly head over to Quirky and submit your idea for $10.  If the online community deems it worthy of promotion, the product may well end up being produced, sold and you collect a royalty stream forever!  Quirky works with major retailers like Target, Toys R Us, Safeway and more to promote products stemming from the service.

Some example products that have made the big-time with Quirky include the PivotPower strip, which is essentially a circular/adjustable power strip (what a great idea!), the Spacebar which allows a keyboard to slide under your laptop (who couldn’t use some extra space at their workstation?), and numerous other consumer products and inventions that you’ve probably thought of yourself but never got around to acting on!

Of course, if you really want to impress potential suitors with your idea, you’ll want a nice rendering or AutoCAD mockup of your invention which is one of our specialties.  We do dozens of projects per month for inventors just like you, so hop on over to our contact page to submit your details and an account manager will show you what we can do for you at guaranteed hassle-free low priced services.

It’s a really neat service and if for nothing else, it’s probably worth joining the community, learning more about how it works and possibly submitting an idea yourself.  Here at CAD-Sourcing, we have no affiliation with Quirky whatsoever, but we love to blog about neat outsourcing and business ideas, so make sure to follow us on Twitter, RSS or Facebook for more stories just like this!

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Outsourcing in the News – March 2012

In this month’s outsourcing news, we take a look at some shifting trends in global outsourcing and offshoring, as well as some structural changes within the US:

  • India Losing Its Luster as Outsourcing Leader – BusinessWeek wrote an eye-opening piece on how India is no longer the primary choice to consider outsourcing for many companies.  Last year, there were more outsourcing facilities in Latin America and Eastern Europe than there were in India which is a marked shift from prior years.  The trend to higher value white collar outsourcing roles seems to be shifting outsourcing volume out of India and into countries like Poland and Argentina.  Definitely a trend to watch.
  • Outsourcing 401(k) Plan Oversight – One of the last bastions of outsourced services, now retirement plan outsourcing is becoming increasingly common.  An interesting driver is the lack of perception of conflict of interest and liability to employees when outsourcing compared to managing plans in-house.
  • Would You Go to a College That Outsourced its Professors? Apparently that’s en vogue at some of the nation’s universities given budget cuts and dwindling state aid.  For instance, colleges in Florida and Missouri have partnered with the Poynter Institute to outsource their online journalism classes.  This seems logical for virtually delivered content.
  • As US Outsources R&D, Are We Losing Our Edge?  This is an age-old question that scholars will probably look back on with mixed opinions.  On one hand, if your competitors are outsourcing their R&D, in the near-term, research productivity would increase and you’d find yourself needing to mimic their strategy in order to compete.  However, in the long-term, are we enabling new future competitors in countries such as China and India?  Harvard Business Review takes on the topic.
  • School Board Outsourcing – In yet another story involving school systems evaluating outsourcing workload, Savannah officials are looking to hire private firms to manage everything from nurses to custodians.  Evidently, the school is facing a fiscal gap of over $15 Million and this is a logical step.  How school systems find themselves in such a hole to begin with says something about perhaps the mismanagement at the top to begin with, but faced with such challenging financial gaps, outsourcing seems to be a necessity.
If you enjoyed this month’s outsourcing news, make sure to follow us via the social media buttons in the sidebar, and of course, consider using our services for your AutoCAD, REVIT and Rendering needs.
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Outsourcing in the News – December 2011

There have been some interesting outsourcing news items in recent weeks; here are a few that caught our eye: Outsourcing ruled out citing public safety – A hot topic in many towns and cities is whether or not to outsource police and firemen.  While this notion was completely unheard of in recent years, due to [...]

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CAD CAM Tools and Resources

You have probably heard at some point that people often talk about CAD or CAM Tools and similar applications that can help any engineer to achieve amazing results. The truth is that without CAD CAM Tools and Resources the world as we know would not be possible. There are various CAD CAM Tools and Resources [...]

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Outsourcing in the News

Always the hot topic, there have been several news items in the past few weeks involving outsourcing.  Here are a few that caught our eye: Outsourcing of Crime Lab – This isn’t one that commonly makes the news, but Houston is outsourcing some of their toxicology cases to help resolve a backlog.  In reading through [...]

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Outsourcing Trends In Business – A 2011-2012 Overview

With the advent of the internet technology, the East met the West and successfully made the world flatter as Thomas Friedman put it. Outsourcing helped develop new trends in business along with an exchange of lifestyles from the East to the West and vice versa. We saw the world converging as one under the global [...]

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Outsourcing Trends: City Workers and Municipal Operations

As cities and states continue to see their budgets implode from declining revenues and increased costs, we’re increasingly seeing news reports of once-vaunted public sector jobs ranging from sanitation to police and fire forces being outsourced to private sector third party companies. The primary driver tends to be cost savings, which begs the question as [...]

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Outsource Tasks Locally – Amazing Service Combines Social Media and Outsourcing

Have you ever wished you could get a snapshot of the daily menu posted outside your favorite restaurant BEFORE you decided to go there for dinner?  Have you ever wondered how nice a particular venue is but don’t want to spend the timing driving down there in advance?  How about how bad the traffic is [...]

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Outsourcing Life – A Look at What We DO Outsource vs What We SHOULD

After reading numerous tomes on organization and efficiency ranging from Tim Ferris’s 4 Hour Workweek to working in an outsourcing role myself, I often ponder which parts of my personal life I presently outsource and whether I should be doing more, less, or even identifying new areas I hadn’t previously considered. While some people abhor [...]

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CAD Outsourcing Companies – How to Choose the Right Partner

CAD Outsourcing Companies differ in several aspects, so depending on your firms particular needs, you’d want to rank key attributes accordingly.  As a former sourcing professional, the methodology common throughout industry is to tank service providers based on the following criteria (AQSCI): A -Assurance of Supply – This is usually a top criteria since your [...]

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The Best Companies in the World are Outsourcing. Why Aren’t You?

Outsourcing is started to gain more acceptance as a routine and expected part of running a business, but there still tends to remain some skepticism and uncertainty amongst leaders and decision-makers.  While things can and do go wrong when outsourcing business and manufacturing operations, the best-run companies in the world are outsourcing.  Apple computer for [...]

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Exterior Design Tips and Time Savers

A lot of people dream of designing their home from scratch. Unfortunately, most don’t know how to start. Especially when they’re not quite ready to hire an architect, but already have an idea of what their dream home may look like. Here are a few tips to help realize that vision: 1) Focus on one [...]

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Free CAD Software Resources

There are many different free CAD Software Resources. Some of them are very easy to work with or to follow and then there are some that are not. On the internet you will be able to find even some that will make you believe that you do not even need a commercial software for anything [...]

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