Turning A Million Dollar Idea Into A Million Dollars
If you have a million dollar idea and need some advice on how to get started, a new book and an inventor’s conference may be your ticket to booming business says 9News.com.
The Hoola Hoop, Crocs, Post-it Notes, The Snuggie – all simple ideas that turned into millions of dollars for independent inventors and stimulated the economy in depressions and recessions.
So just how do you turn that little idea, like blankets with sleeves, into cold hard cash?
Louis Foreman, author of the new book “The Independent Inventor’s Handbook” and Executive Producer of the PBS show “Everyday Edisons” says it is all about profitability.
“The first thing you want to do if you have a great idea and we all have great ideas is to figure out whether or not you can actually make money from your idea. I’ve seen too many inventors go down a path of pursuing an invention only to find out later that there’s not an economic return to be justified from that investment,” Foreman said.
Foreman says even though the economy is sluggish, the recession is the best time for innovation.
Photo by Everyday Edisons.
JimKukral on November 10th, 2009 12:22 pm
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ThinkTomDotCom on November 10th, 2009 12:26 pm
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IdeatoEmpire on November 10th, 2009 12:53 pm
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Mark B on November 10th, 2009 4:26 pm
This is great, but how many people have it in themselves to invent something that will be commercially successful? Very few.
The best way for most people to make money is with something simple that they can easily understand. There is no need to complicate things, the simple ways are usually the best.
My free blog details ways that make money for anyone without getting over complicated to set up.
http://www.myprofitablebusiness.net
Mark B
litopchoice1 on November 11th, 2009 2:46 am
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BradleyLevinson on November 11th, 2009 3:34 am
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edisonnation on November 11th, 2009 5:13 am
RT @danec Turning A Million Dollar Idea Into A Million Dollars – Business Opportunities Weblog http://bit.ly/3ypghd
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RedHotFranchises on November 11th, 2009 6:01 am
The key is to promptly act on your idea to make it a reality, only then will you truly discover if your idea can take off, with the power of the Internet, all it takes is one Great Idea for a life-time changing experience with almost minimal or no investments!
If you don’t act, someone else surely will.
BizLaunch on November 11th, 2009 12:50 pm
RT @danec Turning A Million Dollar Idea Into A Million Dollars – Business Opportunities Weblog http://bit.ly/3ypghd
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jmmprettySMART on November 12th, 2009 8:06 am
RT @danec Turning A Million Dollar Idea Into A Million Dollars – Business Opportunities Weblog http://bit.ly/3ypghd
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