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Moms invent! How to turn your new idea into money

Reported by: Marchelle Lee
Email: mlee@abc15.com
Last Update: 10/16 3:03 pm
Okay moms, think you've come up with a great product that you know will be a hot seller?

Here's your chance to cash in on that good idea!

Tamara Monosoff, Founder & CEO of Mom Inventors, Inc., creator of the Mom Invented brand and product line, and the Author of the Mom Inventors Handbook and Secrets of Millionaire Moms has launched a new product search for Arizona moms.

“I am thrilled to give Arizona moms the opportunity to come up with new Mom Invented products for 2010!” says Monosoff.

And that's not all. Your product is guaranteed to go somewhere thanks to one retailer.

Anna’s Linens, a leading home goods store, has already agreed to launch the top two winning products in their retail stores.

What products are they looking for? What are some tips? Monosoff answers your questions:

1. What kind of products are you looking for?
Our customers are mostly women. So, I am looking for items for the home and family

2. How does someone know if they have a good idea? What are some tips?
Ask yourself these questions.

1) Does it solve a common, every day problem?
2) Is the market large enough? In other words will enough people want to buy it?
3) Does it already exist? Do some online research to see and if so, is there room for another one or something similar with added benefits and features?
4) How difficult/expensive will it be to produce?
5) How will it be sold? The hardest thing to do is to get a product into retail stores.

That’s why we are so excited that Anna’s Linen’s has agreed to launch the top two Mom Invented winning products from this Arizona product search in 2010.

3. What is in it for the inventor?
Anna’s Linens is planning to launch the top two winning products next fall.

First prize will receive $750 cash and a $250 gift card at Anna’s Linens.

Second prize will receive $250 cash plus a $150 Anna’s gift card.

Plus the inventor's name will be put on the package to acknowledge her great idea and pay a percentage of future royalties!

4. What do we need to do to participate?
We are launching the product search on Saturday, October 17th at Anna’s Linen’s at Peoria Crossing from 10 am to 12 noon. There will be free coffee and treats. Come join us and bring the kids!

If you can’t come to the event, you can still submit your idea by going to the website www.mominvented.com until November 17th.

Your submission will be kept confidential and a patent is not required.
The Product Search kick-off event will happen live at Anna’s Linen’s on Saturday, October 17th from 10:00am-12:00pm.

All submissions must be received by midnight, Pacific Standard Time, November 17,, 2009 and the winners of the new Mom Invented product search will be notified on December 17th, 2009.

The first prize winner will receive $750 in cash and a $250 gift card at Anna’s Linens. Second prize will receive $250 in cash and $150 gift card. And, we plan to launch the products in Anna’s Linens next fall. 

 




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