Tag Archives: licensing

2016: Thoughts on Inventing in the New Year

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

Your Invention: Fail Early and Fail Fast

You have an idea for a great new product. Now what? What you choose to do next is key to your success (or lack of it). Here are your first three steps: Do your own free patent search on uspto.gov … Continue reading

Posted in Career success, Critiquing ideas, Culling ideas, Invention, Invention failure, Patent Search, Patent strategy, Patents, Product development, Product success, Prototypes | Tagged , , | Leave a comment

The American Dream: Myth and Reality

There is much talk and a plurality of articles playing the dirge of death: the American Dream is dead. This recent article from Atlantic magazine is a typical example. If the American Dream is equated to an easy way to … Continue reading

Posted in American Dream, Ideas, Keys to Success, Law of supply and demand, Myth of easy success, Risk versus reward | Tagged , , | 1 Comment

No-No’s for New Inventors

Much is written about what inventors should do to be successful. But, equally important is what inventors should avoid doing to be successful: inventor no-no’s.  Below are three no-no’s every inventors must avoid to achieve success. No-No 1: Rushing out … Continue reading

Posted in Ideas, Innovation, Invention, Invention failure, Invention marketing companies, Licensing, Patents, Why inventors fail | Tagged , , , , , | 1 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

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

Persistence Pays

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

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

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

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Sacrifice Leads to Success; Sacrifice Follows Success

One must sacrifice to achieve success. Hundreds of books have been written with this simple corollary as the central principle. In Outliers, Malcolm Gladwell cites the 10,000 hour rule: that to achieve mastery in a field, one must expend 10,000 hours of … Continue reading

Posted in Invention, Keys to Success, Leverage, Licensing, Sacrifice, Selling time for money, Why inventors succeed | Tagged , , , | Leave a comment