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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
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
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
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 product pricing
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