Co-Founder of inventRight; Author of One Simple Idea Series
Stephen Key is an inventor, author, speaker and co-founder of
InventRight, LLC., a Glenbrook, Nev.-based company that educates entrepreneurs in how to bring ideas to market.
Making money from your ingenuity requires getting people as excited about the opportunity as you are.
Building it makes your idea real; video captures it visually. Do less of the first and more of the second to test the market sooner.
The trick is to show the benefit of your idea without disclosing exactly how it works.
Product development is a business. You can't afford rookie errors.
Take It From The Pros
When you pick yourself up after being rejected, you become a professional.
Luck is about chance, the chance of something good happening and finding reward in the opportunities.
A provisional patent application will provide as much protection as you need while determining if your idea can really go the distance.
Inventors too often focus on patents and expensive prototypes when what they really need is proof of demand.
Michael Boehm explains how he created one of the bestselling infomercial products of all time.
When I walked into Hallmark and saw "Sweet Darts," darts inscribed with the words 'I'm Stuck On You," I smiled. Seeing my name on the back never got old.
Do you really need a patent? It all depends on who you ask.
If you're on the career path you're meant to be on, financial freedom will take care of itself.
When you're in the midst of a creative surge, it's sometimes hard to narrow things down. Use this checklist to help.
If you want to license your ideas, focus on finding those companies that are going to truly embrace you -- companies like Fat Brain.
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