So from a neutral, commercial, and economic standpoint, investing in inventors and their inventions is a very high risk, high reward endeavor.
When considering investing your money into an idea or a person with an idea, there are many factors that come into play. As you might know, people can be very passionate about a project they’re working on. The same goes for investors and their invention ideas. Being biased and believing that their invention is the greatest thing since sliced bread can damage your investment tenfold.
Other factors such as not realizing that another competitor has already invented something that you’ve already invested in can bring your investment plans to ruins. Pending patents that have already hit the market is a risk to always take into consideration.
Needless to say, there are a lot of risks involved with investing in inventors, but also, there is a real opportunity for money to be made.
I have seen how a $10.000 investment into an inventor’s idea turned a man a millionaire. It brought him a return on his investment by 100 times!
When considering investing in an inventor and his idea, always remember that what you’re getting into has a lot of risks involved, but the possible rewards can be far greater. Another thing to mention is that a safer opportunity to invest would be in innovation, rather than in a new invention.
So this begs the question, why should you invest in inventors and their ideas?
Well, as discussed, the first reason why you need to invest in an inventor is the opportunity to make a good profit. While buying and trading stocks, investing into real estate, and cryptocurrencies, might be the three most common methods of investing your money, the rewards are insignificant compared to that of a new product on the market.
Imagine you investing into an inventor who revolutionizes umbrellas in a way that they don’t bend or turn inside out anymore. A simple innovation, but it could make you very rich in the process.
The invention of the nail gun totally replaced the use of the hammer and nails. It’s easier to use, sure it might cost a bit more, but imagine not needing to put the nails in your mouth while climbing a ladder to fix something.
Another reason to invest in inventors is the process of designing the new product, marketing it, tech progress, and all the creative problems that come with it.
Want to hear another reason as to why you need to invest in an inventor? The investment opportunity is exclusive only to you! Only you will bear the fruits of your labor. Only you will have the chance to get a much bigger return of your investment.
However, before you decide to invest your money into someone else’s idea, make sure to read the following guidelines.
1. The reward must justify the risk
The most important guideline is that the reward must be far greater than the risk. What this means is that even if the risk of failing is high, the idea must have huge potential in order to be worth it.
2. Be prepared to invest more in order for it to work
Sometimes things don’t work out as we hoped they would. However, the potential is still there and you have to make a choice between trying to save it (make it work again) or pull off and lose it all.