Greetings!
This issue we have one of the most important articles we have ever written for inventors: Wal-Mart and the Canton Import Export Fair Have a Big Impact on American Inventors. You absolutely do not want to skip this article!
But that's not all we have this issue; we also have a great inventor story, an article from Karen Nadler-Sachs on how to form partnerships (which inventors often do, and do very poorly) and an article from the Packaging Diva on how to find small quantities of packaging supplies, a common problem for many inventors.
This is a truly great newsletter, so make sure you don't miss a thing!
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Wal-Mart and the Canton Import Export Fair |
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 Have a Big Impact on American Inventors
October is an ominous month for inventors as Wal-Mart announces big price cuts in time for Christmas. This happened for the first time last year, also in mid-October, right in the middle of the Canton Import Export fair held in Guangzhou, China, which is close to Hong Kong. The
two events are connected in more powerful ways than most people imagine
and they have a very large impact on American inventors because
together they symbolize a dramatic shift in the American consumer goods
market, forcing inventors to either go after niche markets or have a
very high level of innovation.
Read on...
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What's in a Name?
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 Inventor Story: Jim Koller and Lee Roehrig
Jim Koller and Lee Roehrig were friends who both had independently come
up with ideas to keep their downspouts up off the grass and out of
their mowers' way. One evening, Koller mentioned his idea to Roehrig
and they decided to bring the idea to market together.
They found local manufacturing and got the product ready for sale. They
managed to get their product in a few local hardware stores, but it
didn't sell. They sent sales materials to catalogs and talked to
landscapers and builders, but never heard back from them.
Read on... |
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Partnerships: A Marriage Made in Heaven, or . . . . |
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 By Karen Nadler-Sachs
Here's the usual scenario I'm faced with: Good friends, or even
siblings, come to me and ask for my assistance on some legal matter.
As I consult with them I learn - more often than not - that they are
"partners", yet have not created a partnership agreement. Why? I
always ask the same question and more often than not get the same
answer: because we're friends, they say. Because we trust each
other. Because none of those awful things that happen to other people
will ever happen to us.
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How To Find A Packaging Supplier For Small Quantities |
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| by JoAnn Hines Packaging Diva
This will probably be one of the hardest tasks you have associated with
getting your product to market. Many packaging manufacturers simply
don't handle small quantities so it's important to find a supplier that
works with minimum quantity or small quantity orders at the very
beginning. Fortunately there are now many resources available to
someone starting the process of packaging their product.
Read on... |
