Here is one business that is for a person looking for something a little more unique and something that doesn't follow the typical cookie cutter business plan. You will of course run it like any other business, by providing a product or service and finding someone to purchase that product or service, but in this case you are dealing with something very unique - inventions.
With inventions, you have many choices, but right off the bat you know that you have your worked cut out for you. Unlike making a specific product that you can sell over and over again, with inventions you are selling a unique idea over and over again. Therefore, you have to be consistently creative. However, depending on how you organize your business, you stand to make a lot of money.
I would suggest you maintain a steady income while you work on this business so you have time to learn the best strategies. In addition, this business could be unique in its payouts. For example, you could work all year in a typical business and earn $5,000 a month. As an inventor, you might work the same time - maybe a whole year and get one big payoff of $60,000. They both make the same money in annual terms, but having a year to make a profit isn't always great for paying the rent. So, ensure you have a safety net as you determine the exact strategy you would like to use to earn a living as an inventor.
One easy way to make money is to license your ideas to larger companies so you do not have to worry about the headaches of dealing with mass production and customers. One of the best strategies for an inventor to use is looking for problems and trying to come up with solutions. Solutions are much easier to sell than a brand new idea. As an inventor, you can literally make $50,000 overnight with one good idea.
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by Richard Essex
