Category Archives: Royalty rates

Real World of Inventing

Very little is written about the real world of inventing. Many wannabe inventors love to do the following: Come up with ideas for new products Create working prototypes of our ideas Hope to find someone to “buy” the idea or invention To succeed as … Continue reading

Posted in Financing an invention, Ideas, Innovation, Invention, Keys to Success, Licensing, Patents, Perceived market value, Product success, Royalty rates, Strategy, Success rates, Why inventors fail, Why inventors succeed | Tagged , , , , | Leave a comment

The Lonely Inventor: They’ll Never Understand

As I mentioned in a previous post, inventing is chaotic and confusing compared to other careers. Inventing is a lonely endeavor and one your friends and colleagues will never understand no matter how you try to explain it. Lonely Days and … Continue reading

Posted in Career success, chaos, Creativity, Ideas, Innovation, Licensing, Marketing, Persistence, Royalty rates, Strange lives of inventors, Struggling inventor, thriving in chaos | Tagged , | Leave a 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

Posted in Innovation, Invention, Invention failure, Licensing, Royalty rates, Why inventors fail | Tagged , , , | Leave a comment

Inventing Basics: Three Key Pitfalls You Must Avoid to Succeed

Many promising inventions fail to achieve success in the marketplace. Why? There are many reasons. In today’s blog, I want to discuss three key pitfalls that can and must be avoided for an inventor to achieve success with his or her … Continue reading

Posted in Ideas, Invention, Invention marketing companies, Investors, Keys to Success, Licensing, Royalty rates, Strategy, Why inventors fail | Tagged , , , , | Leave a comment

Another Perspective on Licensing: Risk versus Reward

In my last post, Inventors Success: Partnership and Trust, I mentioned that successful inventors must partner with others (and trust) them to be successful. Now I’ll touch on licensing again with a bit of a different perspective from previous blogs: … Continue reading

Posted in Invention, Keys to Success, Licensing, Product success, Royalty rates, Why inventors succeed | Tagged , , , | Leave a comment

Key to Successful Licensing – Compromise

In my last post, I described the strange lives of inventors. Now I’ll go back to a more conventional topic of interest to inventors: licensing: Today’s topic: Key to Successful Licensing – Compromise Almost every inventor dreams of licensing his … Continue reading

Posted in Invention, Keys to Success, Licensing, Marketing, Product success, Royalty rates, Why inventors succeed | Tagged , , | 1 Comment

Why Most Inventors Fail – Inventor Greed Kills the Deal

In the previous blog – Why Most Inventors Fail – Too Many Idea, Too Little Focus, I discussed both the strengths and weaknesses of creative thinkers. Inventors are great at generating large numbers of ideas (a strength) but weak at … Continue reading

Posted in Invention, Licensing, Representing your product, Royalty rates, Why inventors fail | Tagged , | 2 Comments