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Navigating Your Licensing Agreement to Success

by Alan | Jul 4, 2017 | Invention, Keys to Success, Leverage, Licensing, Make the best deal you can, Manufacturing in China, Marketing, Profitability, Royalty rates, Shark Tank

Everyone has seen a Shark Tank episode where an offer was dramatically canceled, at the last moment. In almost every case, the inventor became a bit too greedy or unwilling to compromise, causing the shark to rescind an otherwise potentially lucrative deal. What a...

Persistence Pays

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...

Assessing Your Million Dollar Idea

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...

Key to Inventor Success – Research Marketing Channels

by Alan | Aug 14, 2014 | Invention, Keys to Success, Marketing, Research, Strategy, Why inventors succeed

In recent blog posts, I have described a variety of reasons why inventors often fail. So now, let’s look at reasons why inventors succeed. Today’s topic: Key to Inventor Success – Research Marketing Channels A key to success for any inventor is to recognize which...

5 Overlooked Keys to Inventing Success: C – Creative Financing

by Alan | Jul 2, 2014 | Crowd funding, Financing an invention, Invention, Marketing

In the previous blog – I – Invent Things that are simple and Low Cost – I posited that what seems common sense is not. People often seek to invent exotic, expensive products that have virtually no chance of over being commercialized. Let’s look at a much-discussed...
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