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Invent It, Sell It, Bank It!: Make Your Million-Dollar Idea into a Reality, by Lori Greiner
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From Booklist
Greiner’s obsession with an idea for an earring organizer launched her into a long career as inventor and entrepreneur. With no background or education in business and none of the advantages of the Internet age, she now has more than 400 inventions to her credit, 15 years on QVC’s Clever & Unique Creations, and her notoriety as the “warm-blood shark†on Shark Tank. Greiner has much to share with aspiring inventors. From her own early efforts, both failures and successes, she shares what she’s learned along the way from concept to market shelf, including designing, patenting, manufacturing, pricing, and marketing. Greiner includes step-by-step instructions and checklists to identify the basic elements—usefulness, uniqueness, safety, well-priced, desirable, and easily demonstrated—of promising inventions. She includes advice on how to use social media and online surveys to do market research and the pros and cons of getting financing through friends, family, banks, crowd funding, or venture capitalists. Most fascinating are her behind-the-scenes looks at QVC and Shark Tank as she recalls the ups and downs of pitching ideas. --Vanessa Bush
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Review
“I am used to dealing with Mavericks and Lori fits the bill! Lori Greiner’s insightful and practical book, Invent It, Sell It, Bank It! should be on the required reading list for anyone who wants to take an idea and turn it into a real business.”—Mark Cuban “While most people write a book to make money, it’s evident in reading Invent It, Sell It, Bank It! that Lori’s goal is to share her secrets with the reader, and make them money.”—Mark Burnett“Inventors, look no further—Lori Greiner’s book has it all. It’s fast, it’s fun to read, and it’s packed with all the information you need to turn your big idea into a huge success.”—New York Times bestselling author Gary Vaynerchuk, CEO, Vaynermedia
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Product details
Hardcover: 288 pages
Publisher: Ballantine Books; 1st edition (March 11, 2014)
Language: English
ISBN-10: 0804176434
ISBN-13: 978-0804176439
Product Dimensions:
5.7 x 1 x 8.5 inches
Shipping Weight: 8 ounces (View shipping rates and policies)
Average Customer Review:
4.5 out of 5 stars
421 customer reviews
Amazon Best Sellers Rank:
#21,942 in Books (See Top 100 in Books)
A few bits of good advice here and there. But if you're looking for detailed information on the process of invention, "The Independent Inventor's Handbook: The Best Advice from Idea to Payoff" is a far better book.
I returned it. I found it for $2 somewhere else. The book is well written and she does encourage you to pursue your dreams. But the reality is, that you already need to have a lot of money. She touches on how to determine if it's a yes or no product. But in today's world (2017) it is much harder to invent something completely new. Unless of course you are a Bill Gates, Steve Jobs, Bezos etc, etc, and some people are. The book suggest that you already have your product because the majority of the book takes you through the prototype, choosing and visiting the manufacturing process and distribution. Oh and by the way you need $100,000 or more. So the book isn't for everyone, it is not going to tell you what product to invent or if it's a sure thing. Lori is honest in the book about how, what, why and how much it could cost. She also seems to really want to help. Lori's energy and care comes across in the pages.
Lots of great and precise information on pitching your product, promoting it, and growing your business. Not nearly enough nuts and bolts on basics, like getting someone to listen and buy into the prototype or finding a good manufacturer. This is where I believe most of us are stuck.
Quite frankly, Lori Greiner is the only shark that I like on Shark Tank, which is why I picked up her book. I felt confident that I'd enjoy this seeing as I've always enjoyed Greiner's upbeat personality and I was correct in assuming that her positive attitude would come accross well in her book. What I enjoyed most was her personal antidotes along the way to her success stories. She shares her setbacks...her remedying those situations, and ultimately her path to success in her ventures. Her uplifting personality shines through in this book and one can help but get inspired to set out on their own path to success. Her advice and insight is very practical and non-intimidating. I found myself finishing this book rather quickly because it was so interesting, informative and entertaining. Highly recommended.
NOT a super useful text. This book plainly states that patenting is a very expensive process, and while Greiner goes through it in great detail, the entire time you are thinking, "well where am i going to get 10,000 dollars to make a patent, or time to go to China to oversee manufacturing" etc etc. While she makes good points, like the sacrifices you have to make if you believe in your product, I strongly disagree.I highly recommend Stephen Key's books on licensing, where you can see how to break into this process without breaking the bank, and without quitting your day job. Once you have started down this road, Ms Greiner's text may be more applicable/useful for you.
This has been such a great read for me. I am in the process of getting a brand new product out that i know everyone can use and this book gave me great advice on how to proceed to make sure i do everything that is necessary and the best way to handle the launching of my product. I really look up to Lori Greiner, she is definitely the type of business woman i would love to become. Any advice that she gives, my ears are wide open and i trust what she says. Maybe one day i can get her to back my ideas! Five Stars for this book, Invent it. Sell It. Bank It! Exactly what i plan on doing. Highly recommend this book.
I'm developing a couple of product inventions. I love Lori on SharkTank and decided to give her book a read. This is a straight-forward, simple review:I loved it for two reasons: First, it told me what I was doing RIGHT; second, it pointed out GAPS in my product design, development, as well as gave me additional guidelines for my business plan and marketing as well as outsourcing, supplies, etc.Casual tone, easy read, succinct. Straight up great!
The author, Lori Greiner, has invented and patented hundreds of products herself. But she is also an investor - and this is how I first knew of her - in many inventions and companies that were started by inventors. She has a ton of wisdom, and when you couple that with amicability and enthusiasm you get this text. It's true, as others have said, that it is not immediately practical for people who can not afford the tens of thousands of dollars that are absolutely necessary in order to build a prototype and test products. This is unfortunate, and i agree for the most part but I happen to believe that even if a book is not immediately relevant to you, there is some perspective you can get out of it. Perspective broadens your scope, and with a bigger scope comprehension becomes more feasible for future use.
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