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by bottleslingguy » Sun Jun 29, 2008 12:55 pm
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bottleslingguy - Black Belt
- Posts: 1770
- Joined: Sun Oct 22, 2006 7:41 am
DSlackman wrote:Michelle,
... They don't believe that refining the product and marketing is part of the inventor's realm. Yet these are the very areas where most inventors fail. It seems that many inventors lack the skills and knowledge (and perhaps inclination) to monetize their creations. In addition some lack the skills necessary to find or negotiate with others who can monetize the invention for them. How often have we seen a newbee inventor post the comment "I just want to sell my idea to someone"? and we know it rarely works that way.
D
Inventors Create the Future
http://www.cafepress.com/inventorshop
It rarely works that way because not every person who has a potentially good idea has the knowledge or skills for those other parts of the job. Obviously not everyone CAN patent, build AND market their idea. That's why people go to college and get degrees in those fields. Just having hands or vocal chords doesn't make you a musician or singer by default. My product, in the proper hands, could go viral but for some reason my way of doing and seeing things is what is holding it back.
You can't just say EVERYBODY with a good idea should be able to do all the necessary things it takes to get it on the shelves. That's why companies have separate departments within the company. They hire people who specialize in those particular areas and then uses each person's qualities to complete the job. They hire people who know what they are doing and have experience in that particular field. Heck most companies have to look to banks or other lenders in order to pay for the whole thing. Not many successful companies are comprised of one person doing everything.
It really doesn't work that way.
by DSlackman » Sun Jun 29, 2008 5:13 pm
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DSlackman - Green Belt
- Posts: 144
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BSG
I think we agree. I didn't say that inventors must have business and marketing skills. I noted, as you did, that many do not have those skills. I also noted that business is where they have the most difficulty. If they don't have business and marketing skills, they must at least have the skills to deal with the people who do.
D
Inventors Create the Future
http://www.TenbyTech.com
I think we agree. I didn't say that inventors must have business and marketing skills. I noted, as you did, that many do not have those skills. I also noted that business is where they have the most difficulty. If they don't have business and marketing skills, they must at least have the skills to deal with the people who do.
D
Inventors Create the Future
http://www.TenbyTech.com
inventor
by Roger Brown » Tue Dec 09, 2008 8:06 am
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Roger Brown - Black Belt
- Posts: 1208
- Joined: Mon Oct 30, 2006 2:53 pm
- Location: USA
I would point out that when Edison filed his patents there was more open ground to work. Today patents are harder to get approved since there are around 8 million filed. My first patent was in the 6 million numbers. That is a far cry from Edison's which were below the one million mark.
Edison also didn't have to contend with all the fly by night invention submission firms wanting to empty his wallet.
http://edison.rutgers.edu/patents.htm
Edison's U.S. Patents Execution Date Patent Number
1868–1879 90,646–242,901
1868–June 1881
1880–1882 248,416–288,318
July 1881–Dec. 1883
1883–1889 293,432–431,018
Jan. 1884–June 1890
1890–1899 434,585–610,706
July 1890–Dec. 1898
1900–1909 622,843–976,792
1899–1910
1910–1931 991,433–1,908,830
1911–1933
Subject (#)
Batteries (147) Cement (49)
Electric Light & Power (424) Mining & Ore Milling (53)
Miscellany (50) Motion Pictures (9)
Phonographs & Sound Recording (199) Telegraphy & Telephony (186)
Edison also didn't have to contend with all the fly by night invention submission firms wanting to empty his wallet.
http://edison.rutgers.edu/patents.htm
Edison's U.S. Patents Execution Date Patent Number
1868–1879 90,646–242,901
1868–June 1881
1880–1882 248,416–288,318
July 1881–Dec. 1883
1883–1889 293,432–431,018
Jan. 1884–June 1890
1890–1899 434,585–610,706
July 1890–Dec. 1898
1900–1909 622,843–976,792
1899–1910
1910–1931 991,433–1,908,830
1911–1933
Subject (#)
Batteries (147) Cement (49)
Electric Light & Power (424) Mining & Ore Milling (53)
Miscellany (50) Motion Pictures (9)
Phonographs & Sound Recording (199) Telegraphy & Telephony (186)
Come visit my sites at http://www.RogerBrown.net
or http://www.looking2license.com
I have gotten 9 products licensed spending less than $100 on each, you can too.
or http://www.looking2license.com
I have gotten 9 products licensed spending less than $100 on each, you can too.
by Michelle » Thu Dec 11, 2008 9:10 am
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Michelle - Black Belt
- Posts: 1529
- Joined: Wed Oct 11, 2006 7:27 am
I agree with Roger that the patent landscape is completely different.
In terms of inventors as entrepreneurs, I think that successful inventors have to be successful businessmen in the sense that you need to have good business sense.
Making sure a product is marketable, protectable, prices right, partnered right etc. all take some business sense. So I would say to be a successful inventor, you must first be a good business person...or have one working with you.
Michelle
In terms of inventors as entrepreneurs, I think that successful inventors have to be successful businessmen in the sense that you need to have good business sense.
Making sure a product is marketable, protectable, prices right, partnered right etc. all take some business sense. So I would say to be a successful inventor, you must first be a good business person...or have one working with you.
Michelle
inventing
by Roger Brown » Thu Dec 11, 2008 9:32 am
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Roger Brown - Black Belt
- Posts: 1208
- Joined: Mon Oct 30, 2006 2:53 pm
- Location: USA
Michelle, I couldn't agree more. You can have the best ideas in the world, but if you have no business sense your chances are high you will get ripped off or fail due to sloppy presentation.
In the last month I have gotten three license deals with a U.S. company and one license deal with a Canadain company. These were due to me adapting to current economic trends and providing them with ideas that are easy to market at a reasonable price point.
These items are slated for August 09 release.
In the last month I have gotten three license deals with a U.S. company and one license deal with a Canadain company. These were due to me adapting to current economic trends and providing them with ideas that are easy to market at a reasonable price point.
These items are slated for August 09 release.
Come visit my sites at http://www.RogerBrown.net
or http://www.looking2license.com
I have gotten 9 products licensed spending less than $100 on each, you can too.
or http://www.looking2license.com
I have gotten 9 products licensed spending less than $100 on each, you can too.
17 posts
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