by Alan | Feb 7, 2017 | Culling ideas, Focus, High profit margin, Invention, Licensing, Paths for your product, product pricing, Risk versus reward
When I conceived my idea for a thin, flexible wallet invention in 2002, I was very excited about the potential of my invention. But, I had no clue what I should do first. So I found a patent attorney and filed for a utility patent on my product. Ready, fire, aim!...
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 | Jul 30, 2015 | Culling ideas, Ideas, Invention, Keys to Success, Lambert & Lambert, Licensing, Paths for your product, Strategy
Want to take on a challenging and risky business venture? Great, become an inventor! Typically, less than 3% of all patent holders every profit from their inventions. Inventors who choose to launch their own business venture around their product will immediately face...
by Alan | Jan 29, 2015 | Critiquing ideas, Crowd funding, Culling ideas, Financing an invention, Ideas, Invention, Keys to Success
Many new inventors suffer from a common malady: Too Many Ideas – Too Few Products I have touched on the subject in a variety of ways in prior posts. In essence, the problem is that many inventors approach inventing and product development more like a hobby than...
