Places like China, Taiwan, or India may seem very attractive with their low costs of manufacturing thanks to low cost of labor. It can seem easy to send your product to be manufactured in another country and reap the rewards of higher profit margins. However, there are several reasons for manufacturing onshore– or, manufacturing at … Continue reading Made in America: Manufacturing Onshore In The US Still Makes Sense
Is traditional funding limiting your ability to raise the necessary cash to bring your idea to life? Let’s explore some alternative funding options. The most top-of-mind resource might be traditional banking, and if your finances are good enough for you to borrow money, this might be the right avenue for you. However, it can prove … Continue reading Alternative Funding and the Benefits
Many people can– and do– make millions from inventing, but it can be a long road from idea to invention, and you have to be prepared to make that journey. So, what is the difference between an idea and an invention? An idea is an unproven concept that comes from your imagination; it’s a lightbulb … Continue reading Idea Versus Invention
American culture is replete with countless stories of inventors who dreamed up new products and made handsome fortunes. In reality, most inventions do not meet with commercial success—even if they are potentially great products. Carrying a product from concept to prototype to mass production is an infinitely complex process, fraught with difficulties and challenges at … Continue reading RESOURCES FOR INVENTORS: Building a Team for Success
Inventors Digest Guest article written by Tommy Kirk, chief operating officer of Goldston, N.C.-based Alotech Deciding whether to look for someone to invest in your new product does not have to be daunting or overwhelming. As with anything, take the time to do your homework, and you will reap the benefits. An inventor should keep in mind … Continue reading Inventors Digest: SEEKING AN INVESTOR? 5 POINTS TO KEEP IN MIND
Many inventors put great effort into developing superior and ingenious products, but fail to build successful businesses from their creations. Many different factors come into play when taking a new product to the market, but one single root cause can perhaps explain most commercial successes and failures: the use of capital. Capital and Obsolescence Obsolescence … Continue reading An Inventor’s Most Efficient Use of Capital is Through Outsourcing
“There are around 1.5 million patents in effect and in force in this country, and of those, maybe 3,000 are commercially viable.” – Richard Maulsby, director of the Office of Public Affairs for the U.S. Patent & Trademark Office Inventors tend to exhibit excessive optimism when it comes to the market viability of their inventions. … Continue reading Independent, Unbiased Third-Party Market Research Is Essential for Product Inventors
Determining opportunities for collaboration between Alotech as a contract manufacturer and you as a product inventor or marketeer is more than a yes or no response to a series of questions. What determines the right fit for contract manufacturing? If you have already developed a provisional patent and need coaching to bring the product to market, … Continue reading Does Alotech fit your new product invention and contract manufacturer needs like a glove?
My name is Brad Lienhart and I am co-founder of EntreDot. We are a coaching or mentoring organization located in Research Triangle Park, North Carolina. As a non-profit, we focus mostly on Main Street Business entrepreneurs who want to start a product(s) or services business or if they are a little more mature we help … Continue reading MADE IN AMERICA: I want to see more products made in America
To be sure a contract manufacturer suits all of your needs, and your valuable resources and bottom line are protected, make sure you interview them and visit several times first. Since all contract manufacturers operate by different philosophies, it is best to prepare yourself with some good questions before you make a critical decision to … Continue reading Top Ten Questions to ask a Contract Manufacturer
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