Business Opportunities Weblog

Inventors Can Partner To Win

By on August 10, 2010 in Inventions

It takes more than just ingenuity to get a product onto retailers’ shelves and into the homes of millions of American consumers.

It takes money, marketing and distribution–and most inventors don’t have any of these things.

Michael Weinstein is an entrepreneur and internet marketer who runs the Internet division of Lipenwald Inc., a 60-person direct-response marketing company that finds, creates and markets consumer products through the internet, catalogs, direct mail, retail and television, reports Entrepreneur.com.

As Chief Internet Officer, Weinstein is responsible for finding products, driving website traffic and increasing internet revenue, as well as ensuring effective online creative development and execution for more than 200 websites that offer thousands of products ranging from collectibles and horticulture to cosmetics and “As-Seen-On-TV” general merchandise.

“Most inventors do not have the resources, the experience or the capital to take a product from concept to market,” Weinstein says. “From manufacturing an item to creating an offer, producing and airing television commercials, creating and marketing websites and fulfilling orders, these are tasks that are not familiar to most inventors.”

That’s where Lipenwald comes in. Rather than charge inventors for its go-to-market services, Weinstein’s company partners with them, taking the product from conception through marketing, manufacturing and distribution.

Typically, Lipenwald seeks out inventors who have products or product ideas that the company believes have mass market potential. Lipenwald then manufactures the item, purchases large quantities of the item after market testing, and stores the item in its warehouse while driving sales through a multimedia marketing campaign.

Lipenwald has successfully marketed hair-removal products, automotive products, pet products and collectibles.

“We only succeed if the product succeeds, and we assume the risk,” Weinstein says.

Inventors can submit their inventions or product ideas at Lipenwald’s website.

Photo by Westfair.

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Rich Whittle has added 6,226 posts to Business Opportunities Weblog.

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    What Lipenwald is doing is consistent with the whole outsourcing model that has become so popular. It makes sense to simply have people focus on their own unique expertise.

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