by Alan | Jan 31, 2015 | Crowd funding, DRTV, Ideas, Invention, Keys to Success, Licensing, Marketing, Product success, Strategy, Why inventors succeed
When I started my invention career in 2002, it took a great deal of time to get any real progress on commercializing my first invention: Savvy Caddy wallets. Below are 3 things I wish I knew when I started: There are many paths to the marketplace for an innovative...
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...
by Alan | Jan 24, 2015 | Invention, Patent Search, Patent strategy, Patents
New inventors tend to put a great deal of focus on filing and prosecuting patents. Not every invention is patentable, however, nor should every invention be patented. This essential fact is often overlooked. There are three patenting options every inventor should...
by Alan | Jan 19, 2015 | Invention, Keys to Success, Prototypes
An idea is the beginning of an invention; a prototype is the beginning of a product. Prototypes are critical to success. Some inventors focus excessively on the initial idea and invention and too little on creating and refining prototypes. The first prototype can be...
by Alan | Jan 15, 2015 | Invention, Keys to Success, Marketing, product pricing, Profitability, Strategy
Inventing Basics: Price Points and Profit Margins This is the first post in a series of inventing basics – key focal points for the new inventor. Price points: cost to manufacture; wholesale; and retail sales price are crucial to the success of any consumer...