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How can I sell an idea for a product feature to a company? 07/05/2010
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You're going to find that companies are interested in ideas that will directly save them money first, followed by ideas that might make them money. This means you need to think about strategy and find an answer to the question "Why would [specific company name] be interested in buying my idea?" If you're wondering why, the reason is simple. Saving money is lower risk.

For example, an idea designed to make a company money by selling more products will require marketing, selling, and other expenses before it has a chance of success. An idea that could save money won't cost them anything if it works since the savings will recover its costs. In a worst case scenario, the idea won't cost much if it doesn't work well since it probably will never be implemented.

So ask yourself, will your idea save the company money? If not, can the idea be transformed so that it will? It would be ideal if you can get to yes on these questions.
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What are some options for an individual to market a product idea to Wal-Mart? 06/13/2010
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You should expect to find that Walmart will show little interest in an idea. Their business model involves offering discounted products they can purchase that have a demonstrated demand from consumers rather than taking ideas and making them products.

You should try to create a small batch of products from your idea and market them directly to potential buyers. You will find that about one person per hundred is willing to take a chance on an unknown product or company. These people are often referred to early adopters and this community can often be found (or will find you) on the Internet.

Once you have some customers you can approach small resellers and work your way to larger ones, eventually convincing Walmart to carry your product.
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