Category Archives: Success rates

Inventors Hold the Keys to Success

Inventors work full time at their “day jobs” and nights and weekends spending time, energy, and capital hoping their inventions will someday “hit it big.” Yet less than 3% of patent holders ever profit from their inventions. Inventors hold the keys to success in … Continue reading

Posted in Career success, Innovate or deteriorate, Innovation, Invention, Keys to Success, Success rates, Thinking differently, Why inventors matter, Why inventors succeed | Leave a comment

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

DRTV Basics Part 2: Testing

In the previous post I stated: The PedEgg product has earned over $450 in revenues since 2007. It is just one of many DRTV product successes. Below is how the sentence should have been stated: The PedEgg product has earned over $450 million  in … Continue reading

Posted in Benefits are easily demonstrated, DRTV, Keys to Success, Licensing, Marketing, Product success, Success rates, TV testing, Web testing, Wow factor | Tagged , , , , , | Leave a comment

Your Invention on TV: DRTV Basics

Internet-enabled gadgets from laptop computers, to tablets, smart phones and now smart watches give us instantaneous and continual access to news, sports, and content of every ilk imaginable. Who needs TV any more? TV as we know it is dead, right? Wrong! … Continue reading

Posted in Benefits are easily demonstrated, DRTV, High profit margin, Keys to Success, Licensing, Marketing, Product success, Success rates, Wow factor | 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

Successful Inventors Ignore Statistics

In our information world we are inundated with statistics on every circumstance imaginable including crime rates, business success rates, graduation rates, and even inventor success rates. (More on the latter shortly). For a variety of reasons, statistics are widely misunderstood … Continue reading

Posted in Career success, Graduation rates, Ideas, Invention, Invention failure, Patents, Statistics, Success rates, Why inventors succeed | Tagged , | Leave a comment