Social Question

mazingerz88's avatar

How can I best pursue this idea without losing credit for it and possibly future financial gains?

Asked by mazingerz88 (29220points) October 22nd, 2011

I can’t write codes, I don’t have money and next to nothing knowledge in internet business dealings or marketing and such. All I have is a concept for a retail website with a big twist that few people who I have discussed it with all said it has great potential.

To push the concept forward, someone suggested learning to write codes in my own while another mentioned looking for a trustworthy web programmer to be a partner. I have no clue on how to go about that one. I’m wondering if any jelly out there might have some suggestions? Thanks.

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7 Answers

HungryGuy's avatar

There are a number of packages that will let you put a site together visually. But you’re limited to the tools the package comes with. If you want to do something unique with custom features (such as build Fluther from scratch), your choices are (1) hire a programmer for mega-buckazoids or (2) learn AMP (Apache, MySQL, and PHP) along with HTML, CSS, and Javascript and have lots of free time to work on your site.

mazingerz88's avatar

@HungryGuy Thanks. The ideas for the site would definitely need a mega-buckazoid programmer to work on it. I could not hire anyone so he or she would have to, in case they find the concept worth their efforts, be a major partner. The question is would they even bother to include me in any deal?

HungryGuy's avatar

That, I can’t say. I suppose you’d have to “pay” them with a promise of a business partnership and sharing of future profits. There’s lots of technical people out of work these days, so maybe if you network on someplace like LinkedIn you might find someone. Of course, you’ll have to convince them that your idea will become the next Facebook or Amazon, and you’ll risk them bailing once they get a “real” job.

As for protecting your idea, that’s easy. Make them sign a confidentiality agreement before they start.

mazingerz88's avatar

@HungryGuy Yes, I already tried LinkedIn, sending out messages to people I thought might be interested. I did not mention the words “confidentiality agreements” to see if anyone would bite short of me actually mentioning the actual web idea. A web author advised confidentiality agreements do not help in pushing an idea since it tends to turn people off.

Did not get any response from messages I sent in LinkedIn. What I got was people checking my page, just that. I have no doubt serious professionals moved on after seeing I only have an idea to offer at the table.

HungryGuy's avatar

Then it’s time to hit the …For Dummies books.

CWOTUS's avatar

You have the idea, and if it’s truly a good idea, then that’s worth a lot. It’s worth more than “simple coding”, too. So you have to treat it with that kind of value.

What you need to do first is write it up as clearly and simply as you can – a page or two, if you can limit yourself to that – to give a non-coder an idea of what the idea is, and then you need to write it up again with pseudo-code to describe the processes in a way that the techniques of the idea are captured on paper. Then enlist an attorney on your behalf to review what you’ve written and draft a Confidentiality / Nondisclosure Agreement.

That agreement is what you’ll take to potential coders, which you can find via google or any other search. There are a lot of out-of-work coders right now, so it’s truly a buyer’s market, and you’re the buyer here. Shop a lot and meet people face to face during your second round of interviews. Be very careful here, because you’re essentially shopping for a business partner or two. You should also be very clear at this point that this is a partnership arrangement, that you’ll retain at least 51% control, no matter how many other partner-programmers are brought into the team, and there’s no salary involved for now. This is all on spec.

When you find one or more that you feel you can work with (and can work together, if you decide to break up your plan into modules, which is an excellent idea), then have them read and sign the NDA and return to you. They shouldn’t have any problem signing that; after all, the only loss they could suffer at this point is not seeing your idea. (The NDA doesn’t prevent them from stealing your idea, of course, but it gives you a hook to mount a lawsuit with an excellent chance of winning, should they strike gold the idea that you have shared with them, with the explicit understanding that they won’t use it against you.)

When you have your small team in place, and your “partners” understand that there’s no money to be made until you have something working, then let them have free rein to put your idea into mockup reality. It may be too soon for a functioning website, because others with deeper pockets than yours could stumble on that and steal the idea and not owe you diddly. So you need to keep this strictly under wraps until you have something that works, and can be readily implemented and scaled up if it takes off. (You wouldn’t want to invent Facebook, spend all the time perfecting it, and then do a half-assed release, only to watch someone else do it better and steal your thunder.)

When you have something that works, and before you have made it public at all, now you need to find a venture capitalist and sell that person on the idea. Then you’ll have the resources to start paying your partners (and yourself) a modest salary and cover your out-of-pocket expenses, and release a fully functional, tested, backed-up implementation – and pay to promote it heavily.

Good luck.

mazingerz88's avatar

@HungryGuy and @CWOTUS can’t thank you enough. Now I have solid new steps to undertake in pursuing this. Much obliged.

And yes, @CWOTUS you got it perfectly when you said keep it under wraps until ready for a real launch since there is a good chance retail websites would quickly implement, add the format to their own sites if the site gets in their radar, assuming it gets to that level. This is the reason why I thought about why not proceed with an app(?) that could be embedded in interested parties existing sites.

Btw, any interested jelly web pro developer out there, please get in touch by all means. : )

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