How To Invent Something And Make Money – Everyone knows what money is. This is what you use to buy things. But have you ever thought about what it actually is? It is 100% fake. It is 100% created in our minds.
Well, the paper dollar and the metal monage are real, but the fact that we attribute value to them is nothing more than a unified fantasy. Is this piece of paper really worth more than the next one? Why? Because we agree that we do.
How To Invent Something And Make Money
Money doesn’t seem to be really attached to anything like it used to be. Before President Richard Nixon took the US off the gold standard, you could at least argue that the gold backing it was worth something. But even that was just a social construct that we all agreed upon.
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It could be argued that the rise of trade and commerce is the only thing that took us from warring tribes that fought over goods to cooperative settlements that traded to enrich all parties. What began as a complex system to determine what an ear of corn was worth to a cow eventually evolved into systems designed to store universal value.
Whether it was musical staves, stone discs, seashells, gold or printed paper – we have always decided to agree that these objects of little value have a special value. It’s really something of a mass delusion that we all believe.
Does it do wrong? Not at all. I would say it is the single greatest invention that has taken us from caves and parks to homes, cities and airplanes. Once we agreed to assign a value to something, people competed to see who would get “more” of it.
This drive to get more has allowed us to move from all business controls to specialists and experts. Now we could assign a value to carpentry and compare it to the value of baking, etc. This was the beginning of capitalism and the specialization that goes with it.
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Trade and commerce didn’t solve the conflict, but it did provide an opportunity to negotiate rather than beat each other over the head to get what we wanted. Yes, we still fight each other to get what we want, but I believe the advantage outweighs the disadvantage.
The reason I think about money is the rise of the monetary framework in the space of public opinion. More and more people are dipping their toes into the Bitcoin and Ethereum markets, even if it’s a little hard to understand.
Common questions are, “What makes it real?” “Who’s in charge?” “What happens if the government wants to shut it down?” “What about hackers?”
I won’t try to answer all of these questions here other than to say go to YouTube and learn. I invest in Ethereum and Bitcoin and I strongly believe that it is a good investment. The returns have been great since I started and my plan is to stay invested for at least a few years and then appreciate.
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Note: I’m not going to say “sell everything you own and jump on the great Ethereum ride!” I’d rather say that if you can divert a few dollars that you would otherwise spend and can live without, it’s worth a try. No, there are currently a number of places that accept payments, but that’s not my plan. My plan is to just use it as an investment for now.
I use Coinbase to buy my Ethereum (my favorite) and Bitcoin. If you use this link, you will get $10 FREE in Bitcoins for investing $100.
From his early days as a teenage serial entrepreneur to the present day, Chris Doelle has always ridden the cutting edge of technology. Focusing on emerging media, Chris built a highly successful commercial video production business and was an early force in the new media revolution. Old school thinking was never a vocabulary. Chris Doelle is co-owner and managing partner of many successful media companies, all taking full advantage of new media, social media and good old fashioned work. When it comes to cutting edge and media matters, Chris Doelle is there. My Google+ Profile This is one of the most common questions I get. Even as a seasoned inventor, it can be hard to come up with new ideas for my next invention. It only takes years of experience to know what products will be popular or can be made at a reasonable price. Sometimes you just have to trust your feelings and roll the dice. But don’t worry, at this point you are just spending time on your computer or laptop to improve the plan.
You will notice one common theme throughout Invention Therapy, and that is that I do things contrary to what everyone else has taught you on other invention sites. This is an example of a situation where my experience as an inventor can save you years of grief. Idea tip: choose a market first and design your products for that audience. There’s no point in coming up with product ideas that won’t sell. You can avoid this by finding niche markets where people have money to spend. I have been doing it this way for many years with great success.
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Now, my success varies between these different niches, but overall my income has been very good because I’ve stuck to these areas where I have the most knowledge.
At this time, we do not answer these questions precisely. We only make rough estimates so we can come up with good invention ideas.
I always talk about how as an inventor you don’t think straight. You calculate the cost of prototyping for niche markets with products you haven’t come up with yet. I know this may sound confusing but once you go through this post a few times you will see what I mean and get it. For this reason, you have already looked at the market and available products and even had some ideas for an invention. Now you need to go to the next step and find the actual product vacancy.
There is no perfect or easy way to come up with good invention ideas. Everyone thinks their ideas are good, but the proof is when you can turn that idea into a viable product and make money. There is a long road between the two, but the road can be very rewarding and fun if you travel it right.
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Mid-priced products, in my experience, are usually those that fall in the $150.00 to $300.00 price range. I have sold some of my products for less and some for more. I have found this price range to be the sweet spot and the easiest gap to fill in the market.
This article is not about the prices of your products or the actual cost of making them. We will focus here on the conceptual part of the composition and on this one question that will always be on your mind. You have to think about finding new niche markets and then keep coming up with inventive ideas. You will be a natural at answering the basic but important questions of whether an idea is viable or not.
With products ranging in price from $150.00 to $300.00, we can generally produce them in small quantities of 100 units for $50.00 to $75 each. Some products will cost a little more and some less. It’s all up to you, but generally I like to sell my products for 2.5 to 3.5 times what they cost “in the box”. That’s the price of everything down to the price of the bubble wrap. I’m not actually counting the cost of shipping tape and bubble wrap, but you’ll find that every penny counts.
This blog post is about the conceptual process of coming up with good invention ideas. One of the best ways to keep things simple and cost effective is to start writing down some of your ideas on paper or on your computer.
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I talked about how I couldn’t draw stick figures until a few years ago. That’s right, I was very bad at sketching and tended to do things in computer design software. The choice is yours, but you should at least start getting these ideas and even some simple sketches in real life.
This process of writing down your ideas and sketching how you envision your products will be a valuable tool for you in the long run. You’ll also be able to look back and see progress as you work on the details of your design.
Another important aspect of sketching and writing your ideas is that it will
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