Category Archives: Financing an invention

Inventions are Cash-Eating Pigs

Face it: inventions are cash-eating pigs.  Why? Inventing is an extremely risky business venture that is front-loaded with costs and profits, if any, come much later, sometimes never. Your invention is a hungry pig that will happily consume all of … Continue reading

Posted in Economies of Scale, Financing an invention, Invention, Invention marketing companies, Lambert & Lambert, Patent strategy | 1 Comment

Real World of Inventing

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 … Continue reading

Posted in 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 | Tagged , , , , | Leave a comment

Invention Success: Follow the Rules

When I was a child, one of the first lessons I learned from my parents was “follow the rules” – of appropriate behavior. Throughout our adult lives we learn to ‘follow the rules’ for success in our career (show up on time, … Continue reading

Posted in Career success, Financing an invention, Invention, Invention failure, Invention marketing companies, Investors, Keys to Success, Licensing, Why inventors fail | Tagged , , , , | Leave a comment

Inventing on a Limited Budget

There are many challenges to inventing, not the least of which is: how to succeed on a limited budget. Patents are expensive – approximately $5,000 – $10,000 or more (depending on invention complexity). Developing, marketing, and bringing your own product … Continue reading

Posted in Career success, Creativity, Crowd funding, Financing an invention, Ideas, Invention, Keys to Success, Licensing, Patents, Why inventors succeed | Tagged , , , , , , , | 2 Comments

Inventing Basics: Too Many Ideas – Too Few Products

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 … Continue reading

Posted in Critiquing ideas, Crowd funding, Culling ideas, Financing an invention, Ideas, Invention, Keys to Success | Tagged , , , , | Leave a comment

Inventors Checklist: Get Real!

The next several blog posts will be upon “checklist” items for inventors: Today’s topic: Inventors Checklist: Get Real In the last post, Inventors Checklist: Due Diligence, I discussed the importance of doing solid due diligence in two arenas: Patent research … Continue reading

Posted in Financing an invention, Invention, Inventors checklist, Investors, Keys to Success | Tagged , | Leave a comment

5 Overlooked Keys to Inventing Success: C – Creative Financing

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 … Continue reading

Posted in Crowd funding, Financing an invention, Invention, Marketing | Tagged , , , | 1 Comment