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Submit Your Ideas, Make Some Cash

Jupiterimages/Thinkstock(NEW YORK) -- Have you ever had what you thought was a simple, money making idea and wondered if anyone would be interested?

Well, guess what?  "Companies are looking for those ideas," says Steven Key, author of One Simple Idea.

And you don't have to reinvent the wheel to pocket some cash.  Key says you can make a profit by simply coming "up with small improvements on existing ideas."

For example, he explains, "If you got a new kitchen gadget, that's perfect."  You make your pitch "and if they like it, they take it to market for me, they take all the risk, and I get the royalty check every time they sell one."

Copyright 2011 ABC News Radio

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