Everything You Need to Know about Joint Ventures for Inventors Joint Ventures—The Inside Scoop THE BASICS Technically, a joint venture for inventors is an agreement by two parties to work together in order to design, promote, or manufacture a new product. The parties split the work and … [Read more...]
Inventor Agreements with Manufacturers
Types of Deals for Inventors Inventor deals with marketers can be set up in a number of ways. I’ve listed several deal structures you can suggest to marketers to find the one that suits them best. Firm Purchase Commitment The simplest inventor deal is a two to three year purchase commitment … [Read more...]
Finding an American Manufacturer
Finding an American Manufacture With all the recent tariffs that have been levied on China, this might be the time to look into American manufactures. There are several very helpful sites where you can go to find a manufacturer. The site I prefer to start with is http://thejobshopcompany.com/ … [Read more...]
Turning a hobby Into a Business
Turning a Hobby into a Business Jen Scott developed an interest in being a herbalist as she entered college and learned how to utilize plants into salves around 2010. Her sister Jodi was premed and worked with Jen to understand the science behind the herbal remedies. Together they developed some … [Read more...]
Steps for Selling to Target
Steps for Selling to Target The Road to Become a Target Vendor Mike Eaton of Hero Clean, Inc. has branded his product line with the tag line Cleaning Products Made for Men. Starting in August 2015 Hero Clean’s product line was on the endcaps of 16 Target stores in California and soon he will … [Read more...]
Make Magazine – Making Cheap Models and Prototypes
Make Magazine - Making Cheap Models and Prototypes Often inventors get into a routine that revolves around look for a problem that affects many where you can create a great solution. Then you just be sure you can make the product for 20% of the products retail value and you might have a winner. … [Read more...]
Unique Tactics For Using Other People’s Money
Unique Tactics For Using Other People’s Money Many people struggle raising money to introducing their product. But there are ways to get around that problem by using a shoestring outsourcing approach I call OPM (Other People’s Money) deal making—or, if you prefer, the OPM entrepreneurial … [Read more...]
The Inventor’s Guide: 3 Reasons Why You Should Outsource
The Inventor’s Guide: 3 Reasons Why You Should Outsource In a world where handling things oneself has become a symbol of smart saving and having it all together, it’s challenging to accept the idea that sometimes paying someone else to do something is cheaper or has higher returns. For … [Read more...]
How Far Can VR Gaming Really Go in the Future?
How Far Can VR Gaming Really Go in the Future? Virtual reality technology has been widely used since 2015 and 2016, when the Oculus Rift, HTC Vive, and PlayStation VR launched. With consumers now being able afford and enjoy the technology, developers were keen to produce a variety of VR games that … [Read more...]
The Key to Your Lock Problems
The Key to Your Lock Problems: 5 Common Lock Issues and Their Solutions Despite its having a significant part of our domestic life, door locks are those small things in life that we often neglect to put much thought. For instance, they can do an excellent job of keeping us and our properties safe … [Read more...]
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