FAQ

The process of reserving your idea

Step 1: Create an IdeaBay account.

Step 2: Browse ideas and if you find one that fits your interest than choose it (by clicking on it).

Step 3: In the beginning you’ll only find the idea name and a short (256 character) description. If the description was interesting to you then you’ll have an option to deep-dive into it by purchasing a single view through our shopping cart or you’ll be given the option to subscribe to our service.

Step 4: Once you choose the viewing option you’ll be directed to our payment service to unlock the idea(s).

Step 5: Once your payment has been received. You’ll be able to read the full long description and any additional information submitted by the user.

Step 6: If you’re still interested in the idea and wish to purchase the rights to use it than click on the reserve idea button.

Step 7: Once you press the reserve idea button you will have the option to have a conversation with the user who posted the idea.

Step 8: Once you and the user have reached a consensus as to the form of contract (form of contract can be found in our FAQ). You can make the payment using www.escrow.com.

Step 9: Once the user receives the payment he transfers the right to use his idea.

Step 10: Then he marks the idea as sold.

Step 11: Once the idea is sold the reserve idea option will not be available to any other users. If the user wishes to sell a license to any other user he must re-submit the idea to IdeaBay.



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