The following is a list of ideas for inventors who are trying to figure out what to create next. It’s not just about having an invention idea, we must pick products that people will be willing to buy at a price where we can afford to manufacture them.
- Pet Related Products
- Camera Accessories
- Automotive Accessories
- High Priced Gadgets
- Hunting and Survival Gear
- Scuba Diving related products
- Boating Accessories
- Golf Related Products
- Sporting Goods
- Camping Gear
- High-End Household Items
- Motorcycle Accessories
- Bicycle Equipment
- Work Out Equipment
- Construction Equipment
There are hundreds of more categories you can explore. The ideas you can come up with are only limited by your imagination. Just remember to come up with ideas that can make you money.
Ideas have no real value
The thing that separates a real inventor from somebody that has ideas is that an inventor knows how to identify market potential and then build products that will sell. I’ve talked a lot about this the difference between an idea person and somebody that’s a real inventor. We all have ideas that we think are the next billion-dollar opportunity, but the problem is you need to make that idea a reality first.
The only good ideas are the ones that we get out of our heads and turn into products. Turning an idea into a tangle item is not easy for most of us. It’s not because we lack the skills but more from a fear of trying. Many people get hung up on this idea that someone is going to come along and copy it before they even try to create it. The odd truth about this is that you have already failed if you don’t at least try to start working on the invention idea. This way of thinking is so unrealistic, and I cannot tell you how many times I have heard it, and I see it as an excuse for you not to start working.
1. Pet Related Products
Pet care is headed to becoming a three hundred billion-dollar business in North America, according to data collected by market research firms. That means there is plenty of money to go around if you decide to invent a new product for pets or their owners.
2. Camera Accessories
My first series of inventions were for the camcorder and camera industry. Photographers and filmmakers love to spend money on new gear. This is definitely an industry where I have seen many new inventors become very successful.
3. Automotive Accessories
The aftermarket automotive industry is on its way to becoming a four hundred billion-dollar marketplace. People love to spend money on their cars so it’s a great market to jump into.
4. High Priced Gadgets
Personally, I have made millions of dollars creating gadgets like my Trackstick and other electronic devices. Electronic products are easy to manufacture and very popular worldwide. Just keep in mind that we don’t want to invent low priced gadgets. Make sure you look for products that you can invent that go for at least one hundred US dollars or you will have a hard time making any real money. This marketplace is very crowded and low-cost electronics always get knocked off at even cheaper prices.
5. Hunting and Survival Gear
A few friends of mine have made huge amounts of money creating products that they sell to preppers, survivalists and the military. With the world in political turmoil, there is always a group of people looking to prepare for the worst.
6. Scuba Diving related products
One of my passions has always been underwater photography and scuba diving. Divers have plenty of money to burn so creating accessories for them is a sure bet. Keep in mind that scuba diving is dangerous so you may want to avoid invention ideas that have any kind of liability.
7. Boating Accessories
Not much needs to be said here. People who own boats usually have plenty of money to spend on accessories. Coming up with invention ideas for boaters would be fun and profitable.
8. Golf Related Products
Talk about a group of people with money burning a hole in their pocket. If you can tap into this almost eighty-five billion dollar market, you have hit a hole in one!
9. Sporting Goods
Sporting goods play an important role in our everyday life. Our kids use sports gear at school and on the weekends. Families live their lives around sporting events and have an unbreakable bond with their favorite teams. If you can figure out how to tap into this market, your invention ideas will hit a home run.
10. Camping Gear
Like sporting goods, camping gear is another important part of the lives of most families across America and Europe. From sleeping bags to camp lights, there is no shortage of ideas for you to invent. Just make sure you pick products that will be profitable for you to manufacture because there is lots of competition in this marketplace.
11. High-End Household Items
Everyone has to live somewhere and we need household items in our everyday lives. Whether it is in the kitchen or the back yard, there are literally thousands of items that you can imagine. Just look around your house to see what ideas come to mind.
12. Motorcycle Accessories
There is a certain fanaticism that people have when it comes to motorcycles. You either love them or hate them. Either way, there are plenty of people out there willing to spend money on motorcycle accessories.
13. Bicycle Equipment
The health craze has become an important part of most of our lives. Many people now schedule their vacations around events where they can ride their bikes throughout cities and towns worldwide. There is an endless opportunity to design accessories for people with a passion for their bikes.
14. Work Out Equipment
Like the bike craze, working out has become an obsession for many people. Although many of the products in this industry are low costs, there are still plenty of mid-priced invention ideas for you to explore.
15. Construction Equipment
Depending on the invention idea, many construction-related products can be pricey. This leaves you plenty of room for profit and an opportunity to create inventions that can help build our economies. It really just depends on how handy you are.
Not just for building houses, tools play an important role for all of us. With the popularity of the DIY crowd and things like maker spaces, there are plenty of tools you could invent. Any product that makes it easier to build things will always be a hit among this resourceful crowd.
Release yourself from the idea
It’s all about turning your idea into a product you can sell. Pretty much every one of my ideas has been copied. The trick is that by the time this happens, I have already made my money and moved onto something new. And that’s the way you should think about protecting your inventions. Become the leader in the marketplace by creating original products and then just keep innovating more ideas.
The next issue that arises is when an inventor starts thinking that they need a patent. While patents do play an essential role in the invention process, most of us can’t afford the costs involved in both filing a utility patent and then defending it should anyone try to infringe on our idea.
If it makes you feel better, go out and get a utility patent or whatever else makes you sleep better. Just be very careful when listening to the advice of those invention help companies because the only thing they will do is take your hard earned money and give nothing in return.
Forget about a provisional “patent” application that offers no real protection. If you are serious about a patent, you will need to see an attorney, so be prepared to spend some money. Even if you file on your own, advice from an expert in intellectual property laws can be an asset. After you pay all the fees and get your patent approved, you probably will be no closer you making money with your idea. After all, the statistics aren’t in your favor because very few patents recover even their filing fees.
Find the marketplace before the invention idea
The internet has changed the way the world does business. When you’re thinking of your ideas, they should be items that we can sell on the internet. That’s the only place where we will be able to be competitive in the beginning.
You will notice one common theme throughout Invention Therapy and that is that I do things opposite to what everyone else has been teaching you on other invention websites. This is an example of where my experience as an inventor can save you years of struggling.
Invention idea-top tip: pick the marketplace first and invent your products for that audience. There is no point in coming up with product ideas that won’t sell. Look for niche markets that have people with money ready to spend.
I always try to come up with good ideas for inventors to use on their journey to creating new products. If you liked this article and want to see how new ideas are turned into reality, check out the twelve steps of inventing.