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Industry: Consumer Products & Services
This company is ranked #197 on the 2016 Inc 5000 list!
Inc Magazine says this about them:

Operates a marketplace for licensing and sale of patents that connects people with patent ideas to businesses that will engineer and market them.

Located in Columbus, OH, Idea Buyer saw a 1912% growth in 2015 and generated $2.2 M in revenue.

Check out their website: ideabuyer.com

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Industry: Consumer Products & Services This company is ranked #197 on the 2016 Inc 5000 list! Inc Magazine says this about them: Located in Columbus, OH, Idea Buyer saw a 1912% growth in 2015 and generated $2.2 M in revenue. Check out their website: ideabuyer.com

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Idea Buyer, LLC Tops Inc. 5000 List at No. 197 - The Business Journals

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Idea Buyer, LLC Tops Inc. 5000 List at No

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Even businesses with relatively modest goals may need an update.

Part of securing capital for business growth is adapting to new factors. In Ohio, this could mean changing how you interact with possible consumers and where you focus your funds and energies.

An Associated Press story gives us one example of the need for changing strategies to stay competitive. The source quoted Bryan Clayton of GreenPal, who said that his business required a new revamp just a year after launching.

This was mainly because the company's website was no longer fit for the mobile experience possible customers were demanding. With so many interested consumers trying to access the official site through their phones, Clayton said a change was clearly necessary.

"We knew we had to completely gut the entire experience and build it from a mobile-first perspective," he said. "You don't walk into the other room and sit down at your computer. You just do it on your smartphone," he added, describing the new normal when it comes to web browsing.
"According to Root Metrics, Columbus, Ohio, is a premium location for cell phone coverage."
Ohio-based businesses could have special concern for this. According to Root Metrics, Columbus, Ohio, is a premium location for cell phone coverage.

The city placed at the top of a recent list that ranked all of the state's cities for coverage. Judging by the company's general MetroArea Root Score report, it measures high marks for major mobile-carrier coverage and also exhibited perfect cell phone performance and network reliability.

A chance for growth
Though this is just one example of possible growth, it does tie into the need for businesses to be aware of changes they have to make. As they gain more of an industry presence, small companies may need capital finance even more to welcome bigger numbers.

There's clear evidence of business opportunities in the Buckeye State. In a recent press release, Idea Buyer LLC pointed out Ohio's presence on the latest Inc. 5000 list. This list compiles the fastest-growing small businesses, and according to the source, nine of the top 500 are Ohio-based. The full list contains several more, including construction, storage and logistics businesses.

Placing on this list can be a great accomplishment, but for some businesses, it could also mean time to modernize and invest in the future. It doesn't have to be just the technology itself, either, that signals when it is time for a new change.

When it's time to modernize
Small business consultants may be necessary when trying to figure out a growth strategy. Growth Capital can provide access to local loan programs that favor small businesses. The Ohio 166 Regional Loan Program, for example, can be a valuable resource for qualifying businesses with construction or land acquisition needs.

Visit this page to learn more. You can also sign up for our mailing list for more information.

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Ohio small businesses still need to change with the times

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Even businesses with relatively modest goals may need an update. Part of securing capital for business growth is adapting to new factors. In Ohio, this could mean changing how you interact with possible consumers and where you focus your funds and energies.

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, Aug. 17, 2016 /PRNewswire/ -- Inc. Magazine released its 2016 Inc. 5000 list today on Inc.com. Of the top 500 fastest-growing privately held companies in the country recognized, nine are headquartered in , including -based, Idea Buyer, LLC.

Photo - http://photos.prnewswire.com/prnh/20160816/398735
Logo - http://photos.prnewswire.com/prnh/20160816/398737LOGO

As one of the most prestigious awards in business, the Inc. 5000 is known to have the cream of the crop apply for this award and it was evident as they called this year's list one of the most competitive. The average percentage of three-year revenue growth for the Inc. 5000 list was 433%. More than quadrupling the average at 1,192.2%, Idea Buyer's growth was noted in its placement at No. 197.

Idea Buyer President & CEO, , attributes some of their success to the state being small-business friendly:

"In addition to , specifically , boasting a supportive entrepreneurial community, the individuals that make up our company are the real reason that we have grown so drastically," says Corl. "Some of these people have been on board since the beginning, over ten years, and without them we wouldn't be where we are today."

The 35 th annual Inc. 5000 list only included privately-owned, independent, for profit, U.S based companies with a minimum 2012 annual revenue of $100,000 and a minimum 2015 annual revenue of $2 million.

"Our company is unique in the sense that we are growing organically," says Idea Buyer Partner, Colin Egbert . "With no debt, our focus is solely on growth and that's rare, especially on a list like this."

Along with the other companies recognized on the Inc. 500 list, Idea Buyer's ranking will be published in the September issue of Inc. Magazine. The Inc. 5000 conference and awards ceremony will be October 18-20 in .

More about Idea Buyer, LLC:
Idea Buyer, LLC is a new product development company that focuses on bringing new products to consumer markets. Idea Buyer President & CEO, , founded the company in 2007 while attending The Ohio State University. While Corl originally started Idea Buyer as an online marketplace for intellectual property, the company has found significant growth through partnering with select entrepreneurs and providing assistance in bringing their products to a targeted market.

Idea Buyer, LLC has grown to over 30 employees and are currently looking to add to their team. In addition to the main office, the company hosts other offices in and .

For more information, visit www.IdeaBuyer.com or Email.

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/ohio-small-business-growth-notable-in-inc-500-numbers-300314546.html

SOURCE Idea Buyer LLC

Related Links

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Ohio Small-Business Growth Notable in Inc. 500 Numbers

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Aug. 17, 2016 /PRNewswire/ -- Inc. Magazine released its 2016 Inc. 5000 list today on Inc.com. Of the top 500 fastest-growing privately held companies in the country recognized, nine are headquartered in , including -based, Idea Buyer, LLC. Photo - http://photos.prnewswire.com/prnh/20160816/398735 Logo - http://photos.prnewswire.com/prnh/20160816/398737LOGO As one of the most prestigious awards in business, the Inc.

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Over the past several years, Central Ohio companies have had an increasing presence on the Inc. 5000's list of fastest-growing privately-held companies in the U.S. In 2012, 40 companies made the list and in 2013, 42 companies. That number rose to 45 in 2014 and again in 2015 to 49, before hitting a five-year high of 50 in 2016.

Previously published research from the Kauffman Foundation shows that Columbus is actually one of the best places in the U.S. to grow a business, ranking #4 Highest in Growth Entrepreneurship Activity in 2016. The index looked at three measures - rate of startup growth, share of scaleups and high-growth company density.

High-growth companies defined as "private businesses with at least $2 million dollars in annual revenue with 20 percent annualized revenue growth over a three-year period," made up 144 of every 100,000 employer businesses in Columbus. As for startup growth, startups turning five years old had grown by an average of 51.9 percent.

While just over 50 percent is a strong growth rate, some Central Ohio businesses saw rates in the thousands over a three-year period as measured by the Inc. 5000. Small Business Owners of America earned the area's highest ranking, landing just outside the top 10 in the country at #11 with a growth rate of 12,060 percent. Fab Glass and Mirror, Idea Buyer and Apeks Supercritical also saw growth rates in the thousands.

Apeks represents one of a number of businesses that have earned a spot on the list for multiple years. King Memory, RevLocal, Updox, treetree, Dynamit, Zipline Logistics, Adept Marketing and more made the list for at least the second year in a row.

Newcomers to the list included businesses involved in the development that seems to be taking place on every corner of Columbus including Compton Construction and Kaufman Development. IT Services and related industries like software and computer hardware made up the largest portion of ranked Central Ohio businesses at 38 percent. Again looking at the Kauffman findings, IT is an industry in which Columbus performs well with the #4 highest density of high-growth companies in the IT services industry.

The complete list of local companies making the Inc. 5000 include:

11 - Small Business Owners of America

185 - Fab Glass and Mirror

197 - Idea Buyer

236 - Apeks Supercritical

431 - King Memory

454 - Janz

455 - MES

517 - TeamBuilder Search

571 - Updox

657 - Kaufman Development

674 - Test Double

734 - RevLocal

825 - Compton Construction

916 - Ventech Solutions

926 - AlerStallings

1095 - Medical Staffing Options

1328 - IM Creative

1381 - Coastal Ridge Real Estate

1471 - treetree

1646 - geoAMPS

1755 - MeridianSoft

1891 - Signature Closers

2082 - Environmental Remediation Contractor

2224 - Plug Smart

2256 - United Software Group

2424 - Dynamit

2465 - IMPROVEIT 360

2669 - Zipline Logistics

2762 - Adept Marketing

3075 - Network9

3131 - Pillar Technology

3235 - Sophisticated Systems

3252 - Gerber

3301 - ERP Analysts

3304 - Lightwell

3394 - ARCOS

3551 - eSchoolView

3620 - Deemsys

3755 - StarTech.com

3796 - Quantum Health

3877 - Hamilton Capital Management

3922 - REMEDI Electronic Commerce Group

4374 - American Business Solutions

4378 - AXIA Consulting

4576 - Atlas Butler Heating and Cooling

4689 - Just Smiles

4717 - Navigator Management Partners

4794 - Proforma Graphic Services

4880 - Strategic Systems

4936 - Questline

For the full list, visit inc.com/inc5000/list/2016/.

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50 Central Ohio Companies Make 2016 Inc. 5000

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Over the past several years, Central Ohio companies have had an increasing presence on the Inc. 5000's list of fastest-growing privately-held companies in the U.S. In 2012, 40 companies made the list and in 2013, 42 companies. That number rose to 45 in 2014 and again in 2015 to 49, before hitting a five-year high of 50 in 2016.

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Spread the Word: Idea Buyer Is No. 165 on the Inc. 5000 This Year!

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Idea Buyer: Operates a marketplace for licensing and sale of patents that connects people with patent ideas to businesses that will engineer and market them.