by Alan | Feb 7, 2017 | Culling ideas, Focus, High profit margin, Invention, Licensing, Paths for your product, product pricing, Risk versus reward
When I conceived my idea for a thin, flexible wallet invention in 2002, I was very excited about the potential of my invention. But, I had no clue what I should do first. So I found a patent attorney and filed for a utility patent on my product. Ready, fire, aim!...
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 | 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...
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...