Frequently asked questions.
What is Tell Your Idea?
Tell Your Idea is a platform where people can tell and sell their ideas which they are not able to bring alive for some reason – let that be the lack of time, money or just not having the necessary infrastructure.
Tell Your Idea provides everything that is needed for a great idea to come true: from businessmen through marketing experts to developers and designers - all of them professionals. The goal of Tell Your Idea is to break down those barriers standing in the way of genius ideas coming to our everyday lives.
How does it work?
Just tell us your idea, we review it and if it fits us, we develop it and you get rewarded. (This last bit is based on which reward package you have chosen for the idea you submitted).
Who are behind the project?
There is a great core team behind Tell Your Idea who are working on this project full time, all of them are successful investors, entrepreneurs or professionals on their own field. When the team is flooded with ideas, we can still use our wide range of connections to help implement any new concepts.
What kind of ideas are welcome?
Since our core team is mainly experienced in the IT-related world, we are rather open for new ideas for applications, websites, online services (these may include games, cloud computing, big data, or actually any kind of solution that comes to your imaginaton)but we don’t exclude anything from our portfolio. And even if your concept does not fit our core team’s field of experience, we might still be interested in it.
Do you review every submitted idea, one by one?
Yes, we do. We take your idea seriously and we review it carefully, before taking it into deeper analysis. Of course, you will be notified about each step of the reviewing process on your Dashboard and by email.
What things do you take into consideration during the review?
We always try to find out if your idea is something really worth to start working with it. As it solves a real problem, or it could help in the everyday life of people, or it might be really entertaining for them. So after all, if it really could make the world a better place.
We analyse the opportunity behind your idea as well as the work and investment needed for the implementation and market launch.
Can I see someone else’s idea?
No. You can only see featured ideas of others which we found interesting and the owner of the concept let us feature it on our website.
Is there any idea that you won't implement?
Of course, e.g. if you have a great idea how to colonize Mars, you can tell us about it, but the guys at NASA might better fit your needs. Despite that, we are always pushing our own boundaries, so you are just better off with submitting your idea and the worst that can happen is we say: not yet.
Is there any idea which is a “taboo” for your team?
We are not dealing with any ideas supporting the spread of racism, inequality, hatred. We also leave the 18+ industry to others.
What kind of legal things do I have to deal with when giving you my idea?
If you only require money without any share of the project company based on your idea, you only have to have a bank account to be able to receive the money in case of the approval of your idea.
If you choose to have share of the project company, you will have to sign some legal documents. The costs concerning this process will be paid by us according to the General Terms and Conditions.
Do you exclusively decide the name of the final product or do I have a word on that?
We are always happy to listen to your ideas for the final product’s name, but since the success of the product might depend on its name, the final word - as well as all the risks - must be at our hand.
What guarantees that you don’t steal my idea?
Our goal is to establish successful companies based on your ideas in order to turn great visions into reality. We ensure you that we will abide the rules of our General Terms and Conditions, hence we will give you your reward as you have chosen.
If I submit an idea, will it be visible to others?
No. If your idea does not get developed, it could become a featured idea on our website, but only with your permission.
Why have my idea got moderated?
Your idea got moderated because it has violated our content policy. For further information please see our General Terms and Conditions.
What does "Featured" idea mean?
Featured ideas are ideas which we decided not to implement due to some reasons, but still find them interesting enough to tell the world about them. We only feature an idea if its owner grants us permission for that.
How many ideas can I submit?
If you have more than one brilliant concept in your mind, don’t worry, you can submit all of them one by one.
What happens if the same idea is submitted by more than one person?
When you submit an idea, the date and time of the submission is stored in our system. This way we can easily follow who was the first one coming up with a similar idea and the earliest idea could be rewarded.
What happens if I have sent an idea and another very similar one got selected which was submitted later?
In this case we might have made a mistake. If you are absolutely sure that you submitted the same idea earlier, you will be rewarded as well. If you are certain that this is the case, please do not hesitate to contact us.
What makes two ideas similar?
If they are focusing on the same problem with a very similar solution, we consider those ideas similar ones.
How long will it take for you to evaluate my idea?
The first stage of our evaluation process usually takes 1-2 weeks. As we are analyzing all submitted ideas one by one, sometimes it may take a little longer.
If after this stage we recognize your idea has a potential for implementation, we will continue with a deeper analysis. The second phase before the final approval of an idea usually takes 60-90 days.
You will receive dashboard and email notifications after each step, and we may contact you for additional information about your concept via email.
How do I get my money?
If we approve your idea and start its implementation, we will contact you by email in order to get your bank account number to transfer your money within 30 working days.
What is the “Instant Reward”?
The Instant Reward is the gross sum of money that you will get instantly for your idea.
What does "Shares" mean exactly?
The percentage size of the share indicates the proportion you will receive from the project company after the approval of your idea. If you choose to have shares that means you own a certain percentage of the project company, which has been established to be the home of the new product of your idea.
How much money and share can I have for my idea?
On one hand you may simply choose 5000 USD. On the other hand if you do not really need money or you believe your idea will start the next big bang, you might prefer a modest share of the project. During the idea submission on the website you can choose from many different reward packages combining money and share.
I’m under 18. Is that a problem?
No. We don’t think age should be a restriction of genius. The only thing is we might need your parents or guardians to sign the contracts in your name if your idea gets our approval for implementation.
Why do you need my email address?
It is just for your own sake. We need a unique identifier for you which can prove that you are the legitimate owner of the submitted idea.
Besides that, your Dashboard and your email address are the primary channels for us to reach you.
I have signed up, but cannot login
Please check if you are really trying to log in to the site with the email and password you used for registration. If it is still not working, click here to get a new password.
I cannot access with my email account.
In that case, you need to contact our support team.
The dates on the site are confusing
For every idea, we display the submission date on the dashboard. If something is still not right, check out the time zone settings on your profile page.
How does the invitation system work?
It is quite simple. If you invite a friend to submit an Idea and we approve it for development, you’ll get a reward of 500 USD. Of course if your friend has been invited by someone else (we display this information about your invitees on the Invite page), you need to find others to invite.