Apr 30, 2006

Millions With 'No Business'!!

Just by seeing the topic, do you think I'm talking about people who are not having jobs or who are not running a business? I'm taking about people who have 'No Business' but are making millions!

You should have heard about RIM (Research In Motion) paying like $612.5 Million to retain its BlackBerry product & their market to NTP. Also, eBay has paid like around $25 million to MercXchange. Who are NTP & MercXchange?

NTP has never done anything in querying & reading emails over a cell phone like BlackBerry. All they have done is create a Patent for that market and now they have made millions. Likewise, MercXchange didn't even start an online auction or retailing market. But, all they did is file a patent for 'Buy It Now' option. Isn't it great to make millions of dollars not by running some plant & assembly lines but just by filing a patent?

I already wrote about 'Search With Voice'. This patent has been created by Google and so, you know, who has advantage. Google will wait for Yahoo, MSN and other search leaders to get permissions from them, for using this technology in their search sites. BTW, is Subway's toasted subs breaching some patent of Quiznos'?

So, if you have an idea and if you are sure, that idea is going to revolutionize some future business market, why don't you right away run for patenting the same?

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