December 2007
What to Expect when Inventing
in terms of time and money
Greetings!
This issue has our second article in the great new series about how to decide whether or not to pursue an idea.  Don't miss this chance to see if your idea has what it takes to make it.

We also have a fabulous inventor story about Tofurkey and of course another great Packaging Diva article.

Enjoy!
What to Expect both in Terms of Time and Money
dondebelakThe amount of time and money you can expect to spend depends greatly on the product, but it is typically longer and more expensive than the inventor expects. I've included examples of timelines in this article that combine experiences of several inventors both for manufacturing a product on your own and also the combined experiences of several inventors licensing their idea. Neither way is easy, but both can result in good profits for you.

Read on...
In This Issue
What to Expect both in Terms of Time and Money
Find Your Niche: Tofurkey
Is Packaging Innovation The Chicken Or The Egg?
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Find Your Niche: Tofurkey
moneymanSeth Tibbott remembered in his college years that granola and yogurt were considered fringe items, but in less than ten years grocery stores were packed with those products.  Being a vegetarian, Tibbott knew about tempeh, a soybean dish common in Southeast Asia and used in the West as a meat substitute, and he thought that it might also find the same kind of acceptance and success as granola and yogurt has.  For the next 15 years, Tibbott slugged it out trying to make tempeh successful, and his company profitable, and then he had his revelation: Tofurkey.
Is Packaging Innovation The Chicken Or The Egg? by the Packaging Diva
It's a long-standing quandary, which came first the chicken or the egg? It's sort of like that with consumer product packaging innovation. Let's face it. We are all in advertising overload. We see nearly 3,000 marketing messages a day. So what's a poor packaging professional supposed to do? Develop the product then the package or vice versa. No matter the answer, it's evident that conventional packaging doesn't sell products or at the very least it produces flat sales.  According to some of my latest research, the packaging may not sell the product at all in the future.

Read on...
Thanks for reading!
 
Sincerely,
 
Don Debelak
DonDebelak.com