by Alan | Oct 31, 2015 | Financing an invention, Ideas, Innovation, Invention, Keys to Success, Licensing, Patents, Perceived market value, Product success, Royalty rates, Strategy, Success rates, Why inventors fail, Why inventors succeed
Very little is written about the real world of inventing. Many wannabe inventors love to do the following: Come up with ideas for new products Create working prototypes of our ideas Hope to find someone to “buy” the idea or invention To succeed as an...
by Alan | Oct 11, 2015 | Career success, chaos, Creativity, Ideas, Innovation, Licensing, Marketing, Royalty rates, Strange lives of inventors, Struggling inventor, thriving in chaos
As I mentioned in a previous post, inventing is chaotic and confusing compared to other careers. Inventing is a lonely endeavor and one your friends and colleagues will never understand no matter how you try to explain it. Lonely Days and Lonely Nights Many inventors...
by Alan | Sep 27, 2015 | Big success, Keys to Success, Licensing, Marketing, Product success, QVC, Resourcefulness, Strategy, Why inventors succeed
It has been said so many times that it has become a cliche, but here it is again: if you want to succeed you must be persistent, very persistent. Persistence is a key element of all business success, but persistence is crucial to inventing. Why? Inventing is one of...
by Alan | Sep 7, 2015 | Benefits are easily demonstrated, Critiquing ideas, Licensing, Patents, Paths for your product, Product success, Profitability, Strategy, Why inventors succeed
IYou’ve just come up with a brainstorm, a million dollar idea! Why hasn’t anyone thought of it before? It is so simple, but everyone will want to buy it! All you have to do is just get it out there and you’ll be a millionaire! Ah, if it was only that...
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!...
