Category Archives: Patent strategy

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

Your New Invention May not be “New”

The next three blog posts comprise a “reality check” 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 valuable For this post, let’s focus … Continue reading

Posted in Alibaba.com, eBay, HSN, Ideas, Invention, Patent Search, Patent strategy, QVC | 3 Comments

The Road Less Traveled for Inventors

Two roads diverged in a wood, and I—  I took the one less traveled by,  And that has made all the difference. Robert Frost Patent, Prototypes, and Packaging Much of inventing and the creative process is intangible: will consumers really understand … Continue reading

Posted in Annoying problems, Benefits are easily demonstrated, Focusing on the wrong problem, Invention, Marketing, Marketing Message, Patent strategy, Patents, Problem-solvers, Product success, Wow factor | Leave a comment

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 uspto.gov … 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

Inventing: It Takes a Team

Picture Thomas Edison, toiling away in the late evening hours trying one after another type of filament in his new invention to turn electricity not into heat, but into light. He just tried another filament that looked promising, but it … Continue reading

Posted in Career success, Creativity, Marketing, Patent Search, Patent strategy, Product development, Product success, Prototypes, Resourcefulness | 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

Invention Basics: 2 Myths and 2 Maths

Like most businesses, invention has its myths and its maths. Myths are beliefs that, while intriguing and enticing, simply are not true – they are myths. Maths are the opposite of myths; they are concepts that are intrinsically true, but, far from … 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