Whether you are looking to learn how to invent yourself as a person or invent products on your own, changing the way you look at the world can place your life on a whole new path. As inventors, we must look at things in our everyday life and try to come up with ways to improve them. It could be a physical product or maybe our career. Either way, looking at things differently can open up a whole new world of opportunities.
Life as an inventor
Life as a professional inventor can be both challenging and rewarding. Finding new markets where the products that we invent will have the most impact takes time and experience. Simply having an idea is not enough to make a drastic change in all of our lives. You must understand how to evaluate the potential for a product and know the best ways to implement your design so that you can maximize your chances of financial rewards.
Profit seems to be a bad word these days but the fact is that without the motivation to make money with your inventions, you won’t have a very long career in this field. Time and skill are not the only things needed to see your ideas turned into reality. Money is also required to design and build prototypes, manufacture products, create packaging, websites and all the rest of the things needed to see your ideas enter the marketplace.
Once you begin to build your life around the dream of being an inventor, you will soon discover that the process of turning an idea into reality isn’t as hard as you once thought. There is a systematic process that most of us use to work through our ideas in order to mold them into physical products that can earn money.
Opportunity for a change
With each new idea, we discover there is an opportunity to make a change in our lives. Now, I should warn you that being a successful inventor doesn’t necessarily mean that you will become a millionaire overnight. More realistically you could find yourself earning a great second income by shipping a few orders for your products each day. Imagine the pride you will feel each time you receive an email alerting you that you have received an order.
If you already have a full-time job it may be tough to manage both careers but over time you will learn how to create a schedule that is manageable and rewarding at the same time. You can grow the business at any pace you choose which means you will also be able to minimize your risks over time.
As I have mentioned before, one of the realities of being an inventor is that it costs money to create products from our ideas so having a job is actually the best position you could be in. Don’t worry about the costs of bringing your idea to life yet because we are here to show you that it definitely won’t break your bank if you just make some smart decisions along the way.
A new path is easier than you think
All of those invention help companies would have you believe that the process of invention is no more than coming up with an idea and waiting for the cash to roll in. Nothing could be further from the truth and those huskers are simply trying to get you to pay them money for information that you can easily find on your own.
Yes, there are companies out there willing to pay for patented inventions but most of the time, the costs involved in protecting those ideas far outweigh any potential you will have at earning real money. Of the successful licensing deals I have seen, very few have made more than a few thousand dollars.
Now if I haven’t lost you or scared you away by now, you will soon discover that it does take real work to turn your invention idea into reality but it isn’t as hard as you think. By following the steps many inventors use, you can take that idea from your head and turn it into a fully functional product on your own.
It doesn’t matter if you haven’t built anything before because those skills are just the tools you will need to learn along the way. With each new idea, you will be able to add more tools to your belt and begin to become a professional inventor.
The fact is that most people don’t want to put in the work that it takes to be successful in any field. The art of invention is no different in that it takes an ability not only to see things differently but also fail over and over before getting it right. If you lack the ability to push forward and keep moving than this career choice probably isn’t for you.
With this struggle of learning the right way to invent, comes the knowledge that allows you to lower your risks while making money. Being able to identify potential markets or filling voids in product offerings are just a few of the new skills you will learn that can carry you throughout your career. The first step on this path is by beginning to invent yourself without listening to all the noise out there that are simply trying to take money out of your pocket. Money that could be better spent on inventing your own products.
You can do it on your own
Yes, you can do it all on your own these days. With advancements in computer technology, it has never been easier to manufacture your own products. We no longer have to invest in large inventories and can build most of our products in very low volumes.
You may find it surprising to learn that you only need to make one hundred pieces of your invention out the gate. With the advent of worldwide competition for your business and the ease at which we can find companies willing to do our manufacturing, it’s just a matter of knowing the information needed to build your product.
You need to look at things in a different way. If you approach manufacturers honestly and let them know you are just starting out, they will always be willing to work with you and give you the best pricing. This is because they always have a vested interest in your long term success. They’ve done this many times before and have seen small ideas turn into big customers over the years. It will be your job to convince them that you have what it takes.
Convincing a company to take your product seriously is easier than you think. It is just a matter of packaging all the information needed for them to build your product in the easiest ways possible. You will also be asking them for a quote on a prototype, test run of one hundred pieces and also five hundred and one thousand pieces. This gives them an idea of what to expect in order volume and also gives you a chance to see what the actual first run of one hundred pieces will cost you. This is also how professionals approach the manufacturing process which will allow you to be taken seriously.
Finding the opportunities
There is a misconception that in order to have a good invention idea, you should look for a problem that needs to be solved. This advice is narrow-minded in that there are plenty of products purchased every day that do little more than bring us some sort of enjoyment or serve a simple purpose that is not always that important.
Being a successful inventor requires that we have the ability to determine areas of a marketplace that are underserved by the products for sale. What you are really looking for is niche markets where there are people with money to spend. Once you identify these markets, it simply a matter of observing the products that are already available. You then look for new ideas or products that you can build better at a lower price.
Find ideas you can invent yourself
One of the most important things to remember is that we are not looking to build low-cost products. Most of my inventions, as an example, have retailed in the $150.00 to $300.00 range. At this price, we have a large potential for profit with the lowest start-up costs. By picking products in this price range, we significantly reduce our risks while maximizing the potential to make money.
That doesn’t mean you can’t pick lower retail priced products but keep in mind that the lower the retail price, the more you will need to sell in order to make money. In addition, lower costs products tend to be the ones that are easily copied so you could find yourself the victim of knockoffs very quickly.
Sketch out a plan
We talk about getting your invention started by sketching your ideas but you also have to sketch out your plan. You don’t need a complex business plan but more of a simple roadmap you will use as a guide. This plan will contain the costs involved in making your product, a list of materials including manufacturers and finally a realistic timeline.
I usually do this part as my email chains along with a folder of invoices, design files, artwork and anything else needed during the process. It is up to you to decide how to organize your invention plan.
Start in the virtual world
This is the best part of being an inventor in the twenty-first century. The trick is that most of our product design will be done in the virtual world using 3D modeling invention software. Many new inventors have a hard time grasping this concept because they have never invented anything before. This is why we really don’t need as many skills as we think in order to be successful inventors.
It is our job to design the products, manage the manufacturing, market them and ship orders to the customer. We will not be running large industrial machines or stocking rooms full of inventory in most cases. Reducing capital expenses and inventory costs is another way we will be increasing our earning potential with our inventions.
A new journey of discovery
If you made it this far, you must be serious about learning how to be a real inventor. You have seen through the smoke and mirrors from all those invention help scams and are ready to bring your invention idea to the marketplace.
Inventing yourself or reinventing yourself is a lifelong journey that can be both challenging and rewarding. It’s up to you to decide if you are serious about making money as an inventor or if you are going to be lazy and fall for all those invention coaching scams.
The choice is up to you. I hope you will choose the path as an inventor as I did. All the inside information, including my secrets, can be found on this website.