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 | 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 15, 2015 | Creativity, Ideas, Innovation, Invention, Keys to Success, Patents, Paths for your product, Problem-solvers, Product success, Strategy, Why inventors succeed
I have observed that engineers, accountants, architects and other professionals who put many long, hard hours not only into their profession, but into continuing educations to maintain their skills in the marketplace. Makes perfect sense: to succeed and advance in...
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 simple. Do you...
by Alan | Aug 22, 2015 | Benefits are easily demonstrated, Invention, Licensing, Product success, Representing your product, Strategy
Almost every inventor considers licensing his or her invention to a manufacturer in exchange for a percentage of royalties of all sales of the product. Your great new innovative product solves a problem almost everyone has. You make a few prototypes, then file a...
by Alan | Aug 7, 2015 | Big success, Career success, Invention, Keys to Success, Licensing, Marketing, Persistence, Product success, Struggling inventor, TV testing, Web testing
After writing over 100 posts, I decided to cover something new: why I chose to become an inventor and my journey from successful engineer to successful inventor. My hope is that readers might see something of themselves in my story and choose to invent the next big...