Inventing 101

Dive into the world of invention with practical insights from an experienced inventor. Learn the essentials of turning ideas into reality, based on real-world experiences and lessons learned. Perfect for aspiring creators seeking a grounded guide to innovation.

Inventing 101

Your Profit Formula

As a general rule, a product needs to be manufactured for 25 percent of its expected price to consumers to make money. This is due to distribution and selling costs. That means that your manufacturing costs must be less than 50 cents if your product’s retail price is $2.

Inventing 101

Understanding Improvement Patents

With an improvement patent, you add improvements to a previously patented invention. If you are not the owner of the previous patent, you might be able to get a patent but not be able to sell the product related to the patent because you would be infringing on the original patent.

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