by Alan | May 15, 2017 | DRTV, Due diligence, HSN, Invention, Invention failure, Invention marketing companies, Patent Search, Patents, QVC, Sell on TV
Inventing is a challenging profession: it is capital intensive and many big costs occur in the beginning and the profits, if any, may not come until years later, if ever. Who wants to sign up? Obviously, I ‘signed up' or I wouldn't be writing this blog....
by Alan | Jul 31, 2016 | Dealing with rejection, Invention, Invention failure, Marketing, Paths for your product, Product success, QVC, resilience, Sell on TV, Setbacks
I hesitated to write this particular blog post. I knew lots of readers would roll their eyes and say to themselves, “oh boy, another tawdry tale about failing in the process of success.” I know. But, honestly, I had to write this post. Why? Three reasons:...
by Alan | Dec 19, 2015 | Career success, Critiquing ideas, Culling ideas, Invention, Invention failure, Patent Search, Patent strategy, Patents, Product development, Product success, Prototypes
You have an idea for a great new product. Now what? What you choose to do next is key to your success (or lack of it). Here are your first three steps: Do your own free patent search on uspto.gov – the US Patent Office website Search everywhere for similar...
by Alan | Nov 8, 2015 | Ideas, Innovation, Invention, Invention failure, Invention marketing companies, Licensing, Patents, Why inventors fail
Much is written about what inventors should do to be successful. But, equally important is what inventors should avoid doing to be successful: inventor no-no's. Below are three no-no's every inventors must avoid to achieve success. No-No 1: Rushing out to File a...
by Alan | Sep 3, 2015 | Innovation, Invention, Invention failure, Licensing, Royalty rates, Why inventors fail
You presented your innovative new product to a manufacturer and great news, they are proposing a licensing deal to you! Congratulations! Inventors often spend years attempting to license their product unsuccessfully. Now don't kill the deal before it is done! Many...
by Alan | Jul 2, 2015 | Career success, Invention failure, Keys to Success, Persistence, Resourcefulness, thriving in chaos, Why inventors fail
Entrepreneurs must be prepared to take risks, sometimes spectacular risks. Billionaire technology mogul, Elon Musk, famously accrued $165 million from the sale of his share of PayPal to eBay. He then invested virtually all of it into three speculative ventures: Solar...
