Category Archives: Profitability

Your New Invention May not be Commercially Viable

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 More Keys to Inventing Success

In last week’s blog, I described 3 keys to inventing success: Solve an annoying problem Retail Sales Price is Less than $20 Must Have a 4X to 5X Mark Up In today’s blog, let’s consider 3 more keys to inventing … Continue reading

Posted in Dollars per square foot, Footprint, HSN, Invention, Keys to Success, Product development, product pricing, Profitability, QVC, Ready to use, Wiling to reconsider | Leave a comment

Assessing Your Million Dollar Idea

IYou’ve just come up with a brainstorm, a million dollar idea! Why hasn’t anyone thought of it before? It is so simple, but everyone will want to buy it! All you have to do is just get it out there … Continue reading

Posted in Benefits are easily demonstrated, Critiquing ideas, Licensing, Patents, Paths for your product, Product success, Profitability, Strategy, Why inventors succeed | Tagged , , , , , | Leave a comment

Inventing Basics: Price Points and Profit Margins

Inventing Basics: Price Points and Profit Margins This is the first post in a series of inventing basics – key focal points for the new inventor. Price points: cost to manufacture; wholesale; and retail sales price are crucial to the … Continue reading

Posted in Invention, Keys to Success, Keystone pricing, Marketing, product pricing, Profitability, Strategy | Tagged | Leave a comment