Category Archives: Financing an invention

Inventions are Cash-Eating Pigs

Posted on 08/29/2016 by ideaworth

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

Posted on 10/31/2015 by ideaworth

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

Posted on 06/03/2015 by ideaworth

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

Posted on 04/01/2015 by ideaworth

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

Posted on 01/29/2015 by ideaworth

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!

Posted on 09/12/2014 by ideaworth

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

Posted on 07/02/2014 by ideaworth

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