Category Archives: High profit margin

New Inventor Startup Kit

Posted on 02/07/2017 by ideaworth

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 … Continue reading →

Posted in Capital risk, Culling ideas, Focus, Footprint, High profit margin, Invention, Keystone pricing, Licensing, Paths for your product, product pricing, Risk versus reward, Shelf space | Leave a comment

Doubts and Demons of Inventors

Posted on 01/22/2017 by ideaworth

I have written frequently in this blog about the challenges of being an inventor including: The Entrepreneurial Roller Coaster The Lonely Inventor How to Avoid Inventor ‘Bear Traps’ Now, I will write about a key challenge to inventors: ‘doubts and demons’ … Continue reading →

Posted in Demons, Doubts, High profit margin, Invention, Persistence, Resourcefulness | Leave a comment

‘Olympian’ Inventor: Go for the Gold

Posted on 08/13/2016 by ideaworth

The eyes of millions are riveted on their TV sets as the world’s top-echelon athletes compete in the summer Olympics in Rio de Janeiro . All the athletes are “going for the gold,” but very few will win gold, silver, or bronze … Continue reading →

Posted in Annoying problems, Benefits are easily demonstrated, DRTV, High profit margin, Invention, low cost products, Manufacturing in China, Michael Phelps, Olympic athletes, Problem-solvers, Sell on TV, Simone Biles, Wow factor | Leave a comment

Your New Invention May not be Commercially Viable

Posted on 07/24/2016 by ideaworth

This post is the third of three key issues that every new inventor should consider. The reality is that your new invention idea: May not really be new May not be patentable May not be commercially viable For this post, we’ll focus on the fact that your new invention may not … Continue reading →

Posted in Benefits are easily demonstrated, Commercially viable products, Footprint, High profit margin, Invention, Logistics planning, Profitability, Ready to use | 1 Comment

3 Keys to Inventing Success

Posted on 03/27/2016 by ideaworth

Imagine a travel company that advertises a two-day scenic 500 mile train ride through the Great Smokey Mountains for $300. When you ask for schedules, towns connected, details of the train, you receive the following answers: We don’t actually have … Continue reading →

Posted in Annoying problems, Career success, DRTV, High profit margin, Invention, Keys to Success, Price elasticity of demand, Sales price less than $20, Visualize your success | Tagged , | 1 Comment

Your Invention on TV: DRTV Basics

Posted on 07/19/2015 by ideaworth

Internet-enabled gadgets from laptop computers, to tablets, smart phones and now smart watches give us instantaneous and continual access to news, sports, and content of every ilk imaginable. Who needs TV any more? TV as we know it is dead, right? Wrong! … Continue reading →

Posted in Benefits are easily demonstrated, DRTV, High profit margin, Keys to Success, Licensing, Marketing, Product success, Success rates, Wow factor | Tagged , , , | Leave a comment