Sell an Invention Idea or New Innovative Products to Wal-Mart

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How to Sell Innovative Products or Idea to Wal-Mart

New innovative products for sale: If you have a product to sell and you think you have a gut to present your product for selling at Walmart, you have a chance to do so. Here we will discuss on how to sell innovative ideas with Walmart? The concept must be unique and innovative. Following steps ahead you to make your path bright.

How to Sell an Invention to Wal-Mart

Steps to Sell an Invention to Wal-Mart

  1. Bring your innovation with physical estimations. Calculate manufacturing cost in large quantities to compute estimated total cost of an item. Then, divide the total cost by the number of units you produce. You will get cost price of each unit. To set the wholesale selling price, double your cost price. 
  2. It is not enough to copyright your idea only. To protect your production/ idea from copyright, apply for a trademark or patent. If you are not aware what to do to protect intellectual property by patent or trademark, visit legal sites for it. 
  3. You need not pack your product as the company will pack them if it will buy your idea. You can also notice in Walmart store items packed in boxes, on backer cards, in plastic sleeves, blister packs or in any other way.
  4. You must present your item in a proper way- professionally by describing all features and benefits.
  5. Send a letter to 702, SW 8th Street, Bentonville, Arkansas 72716-8611 and ask for an appointment at Wal-Mart's corporate office. You also call at the corporate headquarters on main number 1-800-925-6278. 
  6. Do not give invention details when you call to any person at Walmart. Your conversation with a person should be professional and short. Fix a meeting with the main manager to Bentonville. 
  7. At the meeting, present adequate presentation along with several samples of your invention and plan. 
  8. Decide in advance what type of compensation you want. Perhaps you choose to license your idea and receive regular royalty or you can sell your idea by giving up all claims to the product design.
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