When it comes to inventions, it seems like there is a new one rolling off the block every day. No longer do inventors have to focus on finding a funding source or marketing outlet for their inventions as the digital age has made crowdfunding and online marketing a cinch. With the easier path of productive distribution, there has been a large rise in the number of inventors in the last decade. Let’s take a look at what these traits are that it takes to be a successful inventor in today’s day and age.
The first trait of every successful inventor is they’re able to distance their feelings from their inventions. Unsuccessful inventors treat their inventions as their babies and hold onto them for dear life. The truth is that in today’s world, people’s needs change often. This means that what was a good invention last year may not be profitable this year. A successful inventor is able to distance themselves from their invention and see what the actual outlook potential of the invention is. This makes it easier to ditch the inventions that aren’t working and keep the inventions that are.
The second trait of all successful inventors, such as Clay Alexander, is that they test out their inventions early on. There’s no reason to wait until you’ve put hundreds of thousands of dollars into a project to test it out in your target market. Rather, you should save yourself some time and money by doing trial tests early on in the product construction phase. This will ensure there is indeed a market out there which will purchase your invention. An invention is only worth what someone will pay for it.
Many of the inventors of the United Inventors Association stick solely to one industry. While it may seem profitable to jump around from industry to industry creating inventions left and right, the adverse actually happens. When your focus is too broad, it becomes difficult to cultivate profitable inventions. When you spend time in the same industry, you get to know your targeted consumer market in that industry. The better you know your target market, the better equipped you’ll be at structuring inventions based on their needs.
Extra resources are always available in any sort of business. In this case, tradeshows and seminars seem to be the method of communications amongst great inventors. Those who are successful, know many other inventors as well. They’re able to feed off the creative nature of their associates and continue to grow on their own. Realize that the more people you know, the better off you’re going to be pitching your invention ideas and finding potential partners to work with in the future.
As you can see, there are many traits that some of the top inventors in the world have. All of these traits ensure that these inventors are knowledgeable in their industry and about their customers. If you’re striving to be a great inventor yourself, we highly encourage you to ensure you work on developing all the traits listed out above.