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THE ONLINE INVENTOR – March, 2010 issue

 

(c) 2010 Market Launchers, Inc.

 

http://www.marketlaunchers.com

 

Editor:  Paul Niemann

 

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Dear Inventor:

 

There are 2,100 subscribers to this newsletter, which made its debut in 1998. My goal is to grow it to 3,000 subscribers by April 30. Please help me by forwarding this issue onto your inventor friends. Thanks.

 

Also, beginning next week, this newsletter becomes a WEEKLY newsletter. You will receive a new issue every Monday. Now, on to this issue. Enjoy!

 

Best Regards,
Paul Niemann
Paul Niemann
www.MarketLaunchers.com
(217) 224-8194

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CLEVER QUOTE …

“The difference between ordinary people and the rich is that ... rich people have more money!” – author unknown

 

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Article # 1:    “Fail fast, fail cheap”
Paul Niemann of MarketLaunchers.com

 

Last month I went to a seminar for the newspaper industry, and a guest speaker named Mike Blinder. His audience was full of advertising sales managers who, like you and I, have to make sales calls in order to succeed. Mike said something that sounded odd at first, but what he said applies to you and I.

 

He said that sometimes we should “Fail fast, fail cheap!” What does this mean, and how does it apply to inventors?

 

Inventors usually have more than one new invention idea. The problem that we sometimes face is that we don’t know when to move on from a bad idea – and move on to the next idea, which might be much better. Pursuing a bad idea can prevent us pursuing a good idea in the future.

 

Admitting that your current idea is a bad one means that you have to admit failure. Big deal … Thomas Edison failed 10,000 times before he succeeded in creating the incandescent light bulb.

 

The point that the speaker was making is that …

 

(continued after the break)

 

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The point that the speaker was making is that we need to move on to the next better idea as soon as we find that the current one is going to fail – and to make sure this costs as little time and money as possible.

 

It’s a simple concept, but every one of us at one time or another must ask ourselves if we’re wasting too much time pursuing an idea that has very little chance of succeeding. Why do we do this, and are there any solutions to it?

 

Reasons include pride and a lack of wanting to fail. Sometimes we’re just plain stubborn.

 

One solution is to get an unbiased, third-party to evaluate your idea. To use another quote, this one by Kenny Rogers, sometimes you have to “Know when to hold ‘em, know when to fold ‘em.”

 

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Paul Niemann runs MarketLaunchers.com, building web pages for inventors. He can be reached at [email protected] or at (217) 224-8194

 



CLEVER QUOTE …  

“I’d rather have a bottle in front of me than a frontal labotomy” – unknown  

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Article # 2:    “There are 3 things that every industry has”
Paul Niemann of MarketLaunchers.com

Last week Variety magazine reported that "Gilligan's Island : The Movie" has the green light at Warner Bros. The TV show’s producer, Sherwood Schwartz, want actor Michael Cera to play Gilligan.  

This reminds me of something that I’ve said in this e-zine before – that there are 3 things that every industry has (even the movie industry), and those three things are:  

1.         Trade association

2.         Trade publication(s)

3.         Trade show or conference  

One of the most common questions I get from inventors is “How do I get my invention out there” (meaning “on the market”?)  

I usually recommend that you start by finding out the name of the trade magazine(s) that serves your industry. You can find them by either using Google or looking it up in a book called The Encyclopedia of Associations, which you can find in the reference section of your local library.  

Then see when and where the trade show or conference is for your industry. There might be more than one each year, if you’re lucky. This is a great way to learn a lot about the people and companies in your industry, as well as meet them, whether or not you get a trade show booth (most of the time, I do not get a booth when I go to a trade show, but I spend a lot of time walking the floor).

Sometimes the trade association produces the trade publication(s) and / or the trade shows (or conferences). You can also approach the editor of your trade magazine about writing a feature story about your new product.

By the way, do you want to know what Gilligan’s first name was? Or was Gilligan his last name?

(continued after the break)

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ADVERTISEMENT:  

PRIMO Design Imports, Ltd.

 ARE YOU THINKING OF HAVING YOUR INVENTION MANUFACTERED OVERSEAS?

 If you want to have your invention manufactured overseas, but don’t know where to turn, WE CAN HELP.

 ·        Direct Importer & Invention Manufacturer             

·        One-on-One Superior Customer Service

·        Free Cost Evaluation on Producing & Delivering Your Invention

·        Qualified Account Representative to Handle Your Account

Contact Us Today:

[email protected]
4020 Palos Verdes Drive North, # 107
Rolling Hills Estates, CA 90274

Tel: 310-324-7900 ext
. 103

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Although he only went by the name of Gilligan, his official name was Willie Gilligan, according to Executive Producer Sherwood Schwartz, who said that the name of Willie was never used on the show. And where did he get the name of Gilligan? He picked it out of the phone book! Seriously.  

# # #  

Paul Niemann runs MarketLaunchers.com, building web pages for inventors. He can be reached at [email protected] or at (217) 224-8194

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