If you have a new idea, an invention, a new art or craft, one of the things you ask is: “How can I profit from it especially after pouring thousands of dollars protecting it?” You can develop and market the product yourself (which of course requires tremendous amount of capital), or you can license it or sell it for millions of dollars.

The Web has made it easy to sell or license intellectual property through the so-called online intellectual property exchanges. If you have unused or underutilized inventions, you can generate new sources of revenue and get a return on all your research and development investment by tapping into this $100 billion market.

Here are some websites that link buyers and sellers of intellectual property:

NewIdeaTrade.com http://www.newideatrade.com/
Princeton WWW http://www.princetonwww.com/
TechEx http://www.techex.com/
Eureka Club http://www.eureka-club.org/

I personally have not had any experience with the above websites, but I would love to hear of your experiences in monetizing your intellectual property.