The Online Investing AI Blog

Depression is more than just a name for sliding GDP numbers. True, it may be an economic condition; but, it can also be a mass psychological effect that turns into an dire economic feedback loop.

People are depressed and the economy suffers; the economy suffers and people get more depressed. And so on. Think of Japan in the 1980s.

Forget profits and jobs. We know they have been damaged. What is more frightening–and far more devastating–is that the psyche has been damaged because of the recent financial turmoil. Factories can be rebuilt and jobs can be created, but when people stop believing, the chances for recovery are slim.

There’s one more sign that our collective conscious is slipping into a deeper funk.

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Business Strategy, Dreams Come True, Money, Online Investing AI, Success, US Economy depression, innovation, invention, patents, recession

We’ll explore one more mistake people make to forge the chains of wage slaves–people who give their time for money.

Wage slaves don’t believe their ideas matter.  During the day they’ll have dozens of ideas that can range from time-saving methods to money-making concepts. But they rarely act on them.

They’re just ideas they think. And ideas are a dime a dozen. Plus, these ideas are the boss’s property. He or she deserves them.

Each day, they use their brains to solve problems and seize opportunities to make someone else money. But they never try to turn that knowledge into money.

After all, anyone can do what they do.

People who have freed themselves from wage slavery know this is not true.

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Business Strategy, Dreams Come True, Online Investing AI, Success ideas, innovation, invent, invention, wage slavery

Ever have an idea to fix a problem or surmount a challenge and then see that very same product in a store a few years later?

And you think, “Hey, they stole my idea!”

Chances are, unless your telepathic powers are fairly high-level, the inventor didn’t steal your idea. He or she just acted on the same concept that was floating around in the collective conscious. The difference is action.

If you have seen your ideas reproduced later by other inventors, don’t be discouraged. In fact, you should be encouraged. Here’s why:

Correctly identifying needs and solutions is a good sign that you can be an inventor or a product developer. To take that next step, you need to learn how to introduce your product into market. There are primarily two ways to accomplish this. You can either invent, produce, and sell the product yourself; or, you can license the invention to someone else and collect a royalty, a percentage of the sale of that product.

Most inventors prefer that latter, since it’s more hands-off and inventors like to keep their “hands on” new ideas. It’s another form of residual income that will help you secure your financial freedom.

Ideally, you would get a patent in order to license your product. However, as more companies trim their research and development staffs, part-time inventors are finding that companies are opening to new ideas, even ideas that are patented.

Obviously, making a best-selling product isn’t without its pros and cons. Here’s the break down.

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Dreams Come True, Money, Online Investing AI, Success ideas, invention, inventions, liscensing, Money, products, residual income, royalties

This is probably too early for a book review… because I’m not done reading it yet. But I’m already sold on the concept.

Tuned In: Uncover the Extraordinary Opportunities That Lead to Business Breakthroughs, by Craig Stull, Phil Myers and David Meerman Scott, is an outstanding read if you’re interested in turning your business into an innovative powerhouse.

Using case studies and the authors’ own experiences the book turns marketing and product development on their heads, where they deserve to be. While most marketing strategies follow the maxim: find people who will buy your product, this book asks you to look at it more subtly: create a product that solves people’s problems.

The rest is resonance. If your product resonates with people, in other words, if your product answers a need, the message spreads virally and you won’t need a series of billboards, or a fancy ad campaign, or a million-dollar Super Bowl campaign.

This actually gets to my own marketing philosophy: create a great story and tell it.

The book gives a six-step process of finding, fleshing out, and delivering this resonating story.

If you want a little background on the book, the authors are part of a group called, “Pragmatic Marketing.” (That name resonates with me!) You can read their blog here: Pragmatic Marketing Blog.

Here it is on Amazon.

Business Strategy, Great Books, Online Investing AI book review, books, innovation, invention, market, marketing, product, sales, tuned in