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 | 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 | Jul 23, 2015 | Benefits are easily demonstrated, Keys to Success, Licensing, Marketing, Product success, Success rates, TV testing, Web testing, Wow factor
In the previous post I stated: The PedEgg product has earned over $450 in revenues since 2007. It is just one of many DRTV product successes. Below is how the sentence should have been stated: The PedEgg product has earned over $450 million in revenues since 2007. It...
by Alan | Jul 19, 2015 | Benefits are easily demonstrated, High profit margin, Keys to Success, Licensing, Marketing, Product success, Success rates, Wow factor
Internet-enabled gadgets from laptop computers, to tablets, smart phones and now smart watches give us instantaneous and continual access to news, sports, and content of every ilk imaginable. Who needs TV any more? TV as we know it is dead, right? Wrong! According to...
by Alan | Jun 27, 2015 | Career success, Innovation, Invention, Invention failure, Keys to Success, Marketing, Patent Search, Patent strategy, product pricing, Success rates, Why inventors fail
Every great invention begins first with an idea, an aha moment. Dealing with problems often points to unexpected opportunities. Not surprisingly, many invention ideas are solutions to annoying problems. Now that you have your aha moment, your great idea, what should...
by Alan | Jun 13, 2015 | Career success, Innovation, Invention, Invention failure, Keys to Success, Marketing, Patent Search, Patent strategy, product pricing, Success rates, Why inventors fail
Like most businesses, invention has its myths and its maths. Myths are beliefs that, while intriguing and enticing, simply are not true – they are myths. Maths are the opposite of myths; they are concepts that are intrinsically true, but, far from being...