Barriers to Market for Inventors
Ever since the beginning of time people have been coming up with new ideas and beating their heads against the wall to get them on the market. In spite of their efforts less than 2% of these inventors are successful in making it to the market. I am by no means an expert on this subject however after over ten years of working with inventors, investors, banks, and government agencies I have a pretty good idea of some of the problems.
Inventors come from all walks of life and every nationality. They have more determination than most people and dream dreams far beyond what most could even imagine. They have the ability to conjure up an idea out of nowhere and visualize a finished product sitting on the store shelf. So why are they not more successful?
Inventors are good at coming up with good ideas but they often lack the finance or the skills necessary to develop the project. There are many stages in the development process and no one can be an expert in all of them.
There has been quite a bit of mistrust in this industry because inventors have a tendency to trust the wrong people and usually end up having their project stolen from them. Also inventors find it difficult to work in a controlled environment where the investor is calling all the shots. It is also rare that an inventor will be in a position to associate with the right people capable of developing the project so they have to rely on strangers.
Investors on the other hand usually didn't come by their money by accident. They are diligent hard working calculating individuals. They are also bombarded by friends and relatives with new investment proposals and have the opportunity to pick and choose. If they invest in a project they have the most to loose so they want to control the project. They also want a good return on their investment for the associated risk. If they do get involved in a project it is usually something in the area they are familiar with and with someone they feel comfortable with. This alone reduces the odds of an inventor and an investor that can work together.
What about the government can't they help? With all the potential of developing these projects and the employment that could be created why don't they get involved? Well the answer is they do. You have to remember the only thing on a politicians mind is getting re elected.
They are more interested in spending money through research centers and universities where they will get more credibility for their funding and there is already a team of experts to work on the project. In a lot of cases when they do get involved they also want to control the project and everything they do is to make themselves look good. In a lot of cases this is expensive and causes the project to fail.
There is grant money available for new inventions if you meet the required criteria. This can be helpful but usually stops short of providing sufficient capital to get beyond the testing stage at best.
Those of you in business know that you make it in business in spite of the banks rather than because of them. Banks only invest in secure investments and they consider developing a new product is quite risky. This is unless you are a major corporation with an extensive background in product development. I do not see the banks as even an option in this country unless you are willing to re mortgage your home as well as everything else you own,
I am getting quite a response from all over the world and it is great to see. There are a lot of inventors out there willing to get involved in this organization and wanting to help out with a project. The problem seems to be that they don't know where to start and they believe they need a masters degree before they can contribute to a project.
This simply is not the case as you can well imagine if you had 100 people in various parts of the world who could just sell your product to their friends and relatives this could develop into quite a few sales for you. Now if each one of these people had just two friends or relatives who were also interested in selling your product to their friends and relatives your sales would take off considerably.
What if fifty of these members were to happen to get your product into at least one retail outlet in their local area the sales potential for your product can be quite substantial.
You don't have to be a marketing genius to figure out what an impact you could have on a project. This could not only help the inventor but also provide a pretty substantial income for those doing the selling.
There is also another advantage for those involved in the sales of the products. If you were to set up a small business in your home the tax advantage would be overwhelming. You would then be in a position to write off several thousand dollars each year on your income tax.
This would allow you to claim things like a portion of your rent or mortgage payment, Telephone, travel and fuel, auto repairs, and many others depending on the tax laws in your area. You could pay your spouse or children to offset your income tax.
Remember this is a win-win organization where everyone can benefit all you have to do is get involved. We have a few projects ready to go and we will constantly be adding to this list.