Shop4Patents

Our friends at www.donbebelak.c om have the same goals of helping inventors succeed that we at the shop4patents.com and Law Office of Steven B. Leavitt, L.L.P. do. They frequently share articles with us that we believe to be of interest to our readers. The third of a three part series called Gel Factors appears below.

Gel Factors – Part 3: Long Life This is the third part of a three part series discussing Don Debelak’s business model evaluation method called Gel Factors. This last part will discuss the L in Gel: Long Life. Having long life means that you will profitably stay in business for a long time. This usually has to do with how much money is needed for investment to start up, how much money is made from each sale and how much money is needed to stay in business. The most important of those three is how much money is made from each sale. But even businesses with high profit margins can easily become unprofitable if the cost of keeping up with market trends or protecting their market share is too high. To continue this article click here

In this series (4 parts) Don will tell stories of inventors who have had to sell their idea, only for someone else to make a fortune, and the steps they should have taken to avoid that from happening. His fourth article will be the exception, showing a very creative inventor with no money who successfully brought a product to market.

How to Succeed with No Money
Part One: Investments (next month, Part two: Partnerships)
Copyright 2007 by DonDebelak.com. All rights reserved

Inventors are often struggling with little or no money to bring their invention to market. This often leaves inventors broke looking for anyone to pay them anything for their idea. When someone else takes their idea and makes millions of dollars, this often leaves those inventors heart broken. Does it need to be like this? Absolutely not. There are many ways for inventors to make money from their idea, even if they have no money to invest. (more…)

Don Debelak is a new product marketing specialist who has been involved
with inventors and inventions for over 20 years. Don has experience
working with all types of products, from small novelties to medical
innovations for both consumers and industries.

His website, DonDebelak.com, is an inventor assistance site run by Don
Debelak with the help of other marketers and product engineers. The site
is dedicated to help inventors who want to market their own product, find
cost effective ways to make prototypes, prepare complete engineering
drawings and documentation, and manufacture low volume production.
(more…)