by Alan | Jul 9, 2017 | Invention, Keys to Success, Licensing, Make the best deal you can, Risk versus reward, Royalty rates
My last post Navigating Your Licensing Agreement to Success was, …. well a success. It seems many readers liked the post. So, I decided to add a Part II to the post. In that post, I mentioned that many inventors get ‘greedy' when they are on the cusp of...
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...
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 | Oct 11, 2015 | Career success, chaos, Creativity, Ideas, Innovation, Licensing, Marketing, Royalty rates, Strange lives of inventors, Struggling inventor, thriving in chaos
As I mentioned in a previous post, inventing is chaotic and confusing compared to other careers. Inventing is a lonely endeavor and one your friends and colleagues will never understand no matter how you try to explain it. Lonely Days and Lonely Nights Many inventors...
by Alan | Sep 3, 2015 | Innovation, Invention, Invention failure, Licensing, Royalty rates, Why inventors fail
You presented your innovative new product to a manufacturer and great news, they are proposing a licensing deal to you! Congratulations! Inventors often spend years attempting to license their product unsuccessfully. Now don't kill the deal before it is done! Many...
by Alan | Jul 26, 2015 | Ideas, Invention, Invention marketing companies, Investors, Keys to Success, Licensing, Royalty rates, Strategy, Why inventors fail
Many promising inventions fail to achieve success in the marketplace. Why? There are many reasons. In today's blog, I want to discuss three key pitfalls that can and must be avoided for an inventor to achieve success with his or her product. Below are three common...