by Alan | Jun 21, 2016 | Career success, Innovate or deteriorate, Innovation, Invention, Keys to Success, Success rates, Why inventors matter, Why inventors succeed
Inventors work full time at their “day jobs” and nights and weekends spending time, energy, and capital hoping their inventions will someday “hit it big.” Yet less than 3% of patent holders ever profit from their inventions. Inventors hold the...
by Alan | Jun 4, 2016 | Attitude, Invention, Keys to Success, Licensing, Make the best deal you can, Why inventors succeed
There are many aspects to licensing your invention rather than building a business around your product. Prolific inventor Stephen Key has written many good articles on the benefits of licensing. Let's instead focus more narrowly on 3 keys to licensing your invention...
by Alan | May 8, 2016 | Critiquing ideas, Disappointments, Invention, Keys to Success, Myth of easy success, resilience, Setbacks, Wow factor
Inventors always are searching for new product ideas; and always seek the elusive secret to inventing success. Spoiler alert: there is not a secret to inventing success. Success comes from practicing a combination of many behaviors consistently over time. I separate...
by Alan | Apr 15, 2016 | American Dream, Annoying problems, Invention, Keys to Success, Licensing, Persistence, product pricing, Product success, Struggling inventor, Why inventors succeed
Everyone wants the good life, for themselves and their families. The frequently overlooked question is: what really comprises the good life? Is it about earning a high income or having wealth and a secure retirement? Is devoting time to family, friends, and loved ones...
by Alan | Apr 3, 2016 | HSN, Invention, Keys to Success, Product development, product pricing, Profitability, QVC, Wiling to reconsider
In last week's blog, I described 3 keys to inventing success: Solve an annoying problem Retail Sales Price is Less than $20 Must Have a 4X to 5X Mark Up In today's blog, let's consider 3 more keys to inventing success (surely you didn't think there were just three)....
by Alan | Mar 27, 2016 | Annoying problems, Career success, DRTV, High profit margin, Invention, Keys to Success, Visualize your success
Imagine a travel company that advertises a two-day scenic 500 mile train ride through the Great Smokey Mountains for $300. When you ask for schedules, towns connected, details of the train, you receive the following answers: We don't actually have the schedules in...
