Category Archives: Invention failure

Inventor Financial Blunders – and How to Avoid Them

Inventing is a challenging profession: it is capital intensive and many big costs occur in the beginning and the profits, if any, may not come until years later, if ever. Who wants to sign up? Obviously, I ‘signed up’ or I wouldn’t be … Continue reading

Posted in Capital risk, DRTV, Due diligence, HSN, Invention, Invention failure, Invention marketing companies, Patent Search, Patent Search International, Patents, QVC, Sell on TV | Leave a comment

Turning No’s into Inventing Success

I hesitated to write this particular blog post. I knew lots of readers would roll their eyes and say to themselves, “oh boy, another tawdry tale about failing in the process of success.” I know. But, honestly, I had to … Continue reading

Posted in Dealing with rejection, Invention, Invention failure, Marketing, Paths for your product, Product success, QVC, resilience, Sell on TV, Setbacks, Turning no's into success | 3 Comments

Your Invention: Fail Early and Fail Fast

You have an idea for a great new product. Now what? What you choose to do next is key to your success (or lack of it). Here are your first three steps: Do your own free patent search on … Continue reading

Posted in Career success, Critiquing ideas, Culling ideas, Invention, Invention failure, Patent Search, Patent strategy, Patents, Product development, Product success, Prototypes | Tagged , , | Leave a comment

No-No’s for New Inventors

Much is written about what inventors should do to be successful. But, equally important is what inventors should avoid doing to be successful: inventor no-no’s.  Below are three no-no’s every inventors must avoid to achieve success. No-No 1: Rushing out … Continue reading

Posted in Ideas, Innovation, Invention, Invention failure, Invention marketing companies, Licensing, Patents, Why inventors fail | Tagged , , , , , | 1 Comment

How Not to Kill Your Licensing Deal

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! … Continue reading

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Near Zero: Tragic or Magic?

Entrepreneurs must be prepared to take risks, sometimes spectacular risks. Billionaire technology mogul, Elon Musk, famously accrued $165 million from the sale of his share of PayPal to eBay. He then invested virtually all of it into three speculative ventures: … Continue reading

Posted in Career success, Invention failure, Keys to Success, Near Zero, Persistence, Resourcefulness, thriving in chaos, Why inventors fail | Tagged , , , | Leave a comment

Have a Great Idea? What to Do Now?

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 … Continue reading

Posted in Career success, Innovation, Invention, Invention failure, Keys to Success, Marketing, Patent Search, Patent strategy, product pricing, Success rates, Why inventors fail | Tagged , , , | Leave a comment