Advice for Inventors

Understanding the Buying Process at Major Retailers

If you’re new to the game of selling to major retailers, then you’re probably wondering how their buying processes work. It’s a question that comes up all of the time in my workshops and classes. And this important topic rarely gets discussed, so I thought I’d take a minute to review!

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Bringing Your Inventions to Market in 2011!

by Product For Profit

Today I'd like to discuss the topic of Taking Action and bringing your inventions to market in 2011! I have been in contact with many inventors over the last year and it has been a wonderful experience. However, I've noticed patterns in that many of you start moving toward your goals of bringing your inventions to market, and then somehow get stuck along the way.

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The Batmobile Inspired Tank: Even In War, Life Imitates Art

by Myra Per-Lee

Yes, of course, inspirations can come from anywhere. But is BAE Systems taking cartoon-mimicry just a little too far with its Batman-inspired tank?

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Packaging Your Product For Major Retail Success

by Product For Profit

Packaging is essential to your success with Major Retailers. Therefore, it is imperative that you spend more time and effort on packaging! I've seen amazing product concepts not get realized by Major Retailers because of packaging. Truly, packaging can make or break a buyer's decision as to whether they buy your product or not.

Should I Manufacture or License My Invention?

by Product For Profit

I recently attended my local Inventors Association (Inventors Alliance in Northern California) and noticed that Inventors kept asking Andrew Krauss (President of Inventors Alliance) about the differences between Manufacturing and Licensing a product. New Inventors were confused about what these terms meant and wanted to learn more about the factors to consider when deciding which way to go for their own product. So I thought I'd take a minute to discuss both options as this comes up all of the time in my workshops and classes as well.

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Avoid Getting Ripped Off By Get Rich Quick Schemes

by Spencer Lanoue

Virtually any online get rich quick scheme that sounds too good to be true probably is. Some people are so eager to make quick money that they don't put in the due diligence to ensure a company is legit, and they end up getting scammed and losing their money.

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Important Considerations For Starting A Business

by Spencer Lanoue

So you've been thinking about starting your own business. Perhaps it's been a long term goal of yours, or just an idea that came to you recently. Either way, there's some information you should consider before taking any further steps. Take a few minutes to evaluate yourself. Ask yourself, "What am I good at? What are my talents?" Next, ask yourself, "What am I bad at? What are my weaknesses?" As you evaluate, be honest - if you're not honest you're only doing a disservice to yourself.

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Innovation Enterprise Conference - For Inventors

by Ron Docie Sr.

Inventors with patents, new product ideas and technology that may have military or government applications will have a special opportunity to have their invention reviewed at the Innovation Enterprise 2010 Conference, November 15 - 17, in Macon, GA.

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Looking for Investors for your New Invention

by Spencer Lanoue

Looking for investors for your new invention can be an arduous process - by understanding what potential investors are looking for in a lender, you'll be better equip when pitching your idea. Obviously they expect the details of the business, such as organization, location, marketing strategy and implementation strategy, but investors also have specific key areas they focus on. They want to see that you know the ins and outs of the industry, how your product or service is unique, if you have researched your competition thoroughly, if they can expect a return on their investment, and how soon.

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Anatomy of an Invention Scam - Part 1

by Ron Docie Sr.

Inventors with a patent, invention, innovation or new product idea are ripe candidates for scams. This is part one of a four-part series that unveils the ugly truth about the rip-off artists that rob millions from inventors annually.

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Can Small Scale Really Sell Products to Major Retail?

by Product For Profit

A common misconception about selling to Major Retailers is that you have to be a large established company in order to sell to them. This is absolutely not the case! The truth is that there are many small start-up companies with just one product SKU that have gotten their products into Major Retailers.

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Selling Your Inventions To Major Retailers

by Product For Profit

Selling Your Inventions To Major Retailers: What Not To Do (And What 95% Of People Tend To Do!)

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Mom Inventors Make Millions With Kids 'Boogie' Product

by Product For Profit

Ever come up with a solution to an everyday problem that was driving you nuts? The Boogie Mom's did and they made millions!

Submiting Your Patent Or Idea To A Company Can Be Challenging

Submitting a patent to companies can be frustratiing

by Ron Docie Sr.

Learn what to send, (and not send) about your idea or invention to a company who may be interested in commercializing your patent or new product by reading this helpful article.

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Hem Gems and Your Denim: How Good Products Present Simple Solutions to Widespread Problems

by Ashton Audall

Simple, Effective, Valuable, and Playing in a Big Market. This is the stuff of great products. Do you have ideas that measure up? To give you an example, let's look at a product and assess these issues.

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A Look into a Direct Retail TV Company - Lenfest Media Group

by Alexis

We've all seen them. At first, we used to see them only late at night and for anyone who hasn't slept well, you know what I mean. Now we see them through out the day and on almost every channel. I'm talking about direct response television ("DRTV"). One form of DRTV that is commonly known is called the infomercial. Ring a bell for you? One interesting company involved in the DRTV space is Lenfest Media Group.

Mom Inventor Turns Millionaire With Simple Product Idea

by Product For Profit

Imagine being a stay-at-home mom, coming up with a brilliant idea, creating a quick prototype with a sewing machine, and then generating millions of dollars in revenue from that simple idea? That's what happened to Kim Levine, the creator of the Wuvit

Inventor Success Stories That Inspire: The Slinky

by Product For Profit

Every Kid Wanted One: Ever heard of the Slinky? The fun toy that sold more than 250 million units worldwide!The creators of the Slinky were just ordinary people that came up with a simple product idea. And that simple product idea produced more wealth then they could have ever possibly imagined!

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Inventor Success Stories That Inspire

by Product For Profit

People are funny. They hear stories of how ordinary people make millions of dollars from their simple product ideas and then chock it up to being ‘lucky’ or ‘being at the right place at the right time.’ But the truth is, luck is only part of it.

6 comments

Confidentiality Agreements For Inventors Without A Patent

by Ron Docie Sr.

Learn when and when not to demand a confidentiality agreement from a manufacturer. You may not need a patent initially if you get the right company to consider your invention or new product idea.

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