Tag Archives: commercializing inventions

Grit for Inventors

Posted on 05/08/2016 by ideaworth

Inventors always are searching for new product ideas; and always seek the elusive secret to inventing success. Spoiler alert: there is not a secret to inventing success. Success comes from practicing a combination of many behaviors consistently over time. I separate … Continue reading →

Posted in Angela Lee Duckworth, Critiquing ideas, Disappointments, Grit, Invention, Keys to Success, Myth of easy success, Persistence, resilience, Setbacks, Wow factor | Tagged , , , | Leave a comment

2016: Thoughts on Inventing in the New Year

Posted on 01/05/2016 by ideaworth

It is a new year, a great time for reflection and to consider your goals and objectives for 2016. This could be a great time to get to work on your product idea: the one that has been bouncing around … Continue reading →

Posted in American Dream, Ideas, Innovation, Invention, Persistence, Product success, Risk versus reward, Sacrifice, Visualize your success, Why inventors succeed | Tagged , , , , , , | Leave a comment

Inventing as a Career

Posted on 12/08/2015 by ideaworth

Many parents have heard these fateful words from their sons or daughters: Mom and Dad, I’m dropping out of college to become a ——— Fill in the blank with actor, rock star or inventor. All three endeavors have one common thread: … Continue reading →

Posted in Career success, Creativity, Focus, Ideas, Invention, Keys to Success, Persistence, Resourcefulness, Strategy, Why inventors fail, Why inventors succeed | Tagged , , , , , | Leave a comment

Real World of Inventing

Posted on 10/31/2015 by ideaworth

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

Persistence Pays

Posted on 09/27/2015 by ideaworth

It has been said so many times that it has become a cliche, but here it is again: if you want to succeed you must be persistent, very persistent. Persistence is a key element of all business success, but persistence … Continue reading →

Posted in Big success, DRTV, HSN, Keys to Success, Licensing, Marketing, Persistence, Product success, QVC, Resourcefulness, Strategy, Why inventors succeed | Tagged , , , , , , , | Leave a comment

Inventors: Become Curious Observers

Posted on 09/15/2015 by ideaworth

I have observed that engineers, accountants, architects and other professionals who put many long, hard hours not only into their profession, but into continuing educations to maintain their skills in the marketplace. Makes perfect sense: to succeed and advance in … Continue reading →

Posted in Creativity, Ideas, Innovation, Invention, Keys to Success, Patents, Paths for your product, Problem-solvers, Product success, Strategy, Why inventors succeed | Tagged , , , | 1 Comment

Assessing Your Million Dollar Idea

Posted on 09/07/2015 by ideaworth

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

How Not to Kill Your Licensing Deal

Posted on 09/03/2015 by ideaworth

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

Presenting Your Product for Licensing

Posted on 08/26/2015 by ideaworth

In the prior post I discussed how you should prepare for licensing before you leave home to present your product. In today’s post, the follow up to last week, we’ll address tips on effectively presenting your product to a potential … Continue reading →

Posted in Annual report, Benefits are easily demonstrated, Enticing intro, Invention, Licensing, Representing your product, Strategy | Tagged , , , | Leave a comment

Preparing to License Your Product

Posted on 08/22/2015 by ideaworth

Almost every inventor considers licensing his or her invention to a manufacturer in exchange for a percentage of royalties of all sales of the product. Your great new innovative product solves a problem almost everyone has. You make a few … Continue reading →

Posted in 10K report, 10Q report, Annual report, Benefits are easily demonstrated, Enticing intro, Invention, Licensing, Product success, Representing your product, Strategy | Tagged , , , | 1 Comment