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Archive for the ‘Great Inventors’ Category

Adding Features to Products Can Create Blockbuster Opportunities

Thursday, September 10th, 2009

by: Geoff Ficke

I have written in the past about the huge commercial opportunities afforded divergent products and inventions, as opposed to convergent features added to existing products. Divergent products are truly groundbreaking, destructive, disruptive breakthroughs. However, very few truly innovative divergent technologies are invented and make it successfully into the marketplace.

The original light bulb, the phonograph, the radio and the steam engine are examples of innovations that set the standards in their respective product categories and are still in use today. The inventors of these needed items enjoyed great riches and fame. We know the names of Edison, Fulton, Sarnoff, Marconi and many others because of the total market penetration that their inventions achieved.

Convergent products build on the already formed base of existing technologies. Adding a clock to a radio is a useful improvement. This type of embellishment can be extremely valuable. Typically, however, the convergent inventor is not rewarded, or as greatly revered as the initial inventor of the divergent platform product. Nevertheless, there are exponentially more opportunities for entrepreneurs and inventors to capitalize on their convergent creativity.

Consider the ubiquitous lead pencil. The original lead pencil was first created in England in 1564. Actually, the pencil was made possible by the discovery of graphite in Northern England. The pencil utilized graphite, not lead. Over many years, mined graphite was manipulated to varying thickness and hardness, allowing pencils to be sold offering degrees of performance.

This was the state of the pencil for almost three centuries. In 1858, Hyman Lipman of Philadelphia perfected and patented the eraser pencil. Lipman’s novel feature was to add a groove in the top of the wood barrel of the pencil and glue on a piece of soft rubber. Until his invention, erasers were blocks of unrefined gum rubber. The simple convenience of combining the eraser with the pencil made the new eraser pencil commercially interesting.

Hyman Lipman sold his patent and technology for $100,000. In 1858 this was a fortune. Lipman had taken a 300-year old commodity product and simply mated it with a pre-cut, glued gum eraser. The combination made him rich and is still used worldwide to this day. Inventors should keep Hyman Lipman and convergent product features in mind as they create their product improvements.

My product development firm reviews hundreds of new product and invention submissions every year. Like everyone, we are most keen to discover the next divergent product: paper clip, lead pencil or light bulb. After thousands of submissions we have seen only a few truly divergent offerings.

Product features that improve existing technologies, offer fresh benefits or fill unanswered needs are always needed. We counsel entrepreneurs to build their ideas around the following: a Unique Selling Proposition. Another way to say this is to build your product to fill an identifiable niche in the marketplace. In every huge product category there are small, under served niches. Attack these holes with creativity and convergent ideas will be hugely rewarded. Remember Hyman Lipman as you continue your endeavours.

If you have an idea or new product concept you would like to introduce to the marketplace contact Geoff Ficke at www.duquesamarketing.com to discuss potential opportunities to commercialize your invention.

The Prolific Inventor That the World Has Mostly Forgotten

Saturday, August 15th, 2009

by: Geoff Ficke
We learn at an early age that Ben Franklin was America’s first great inventor; Henry Ford invented mass production, Thomas Edison the light bulb and the phonograph and the Wright Brothers invented the first airplane. These men, and a few others, are well remembered and honored for their spectacular achievements. Their legacies are tribute to their genius and the possibilities available to any American willing to exploit our capitalist system that honors and rewards innovation.

One of the 20th century’s greatest inventors, businessman and philanthropists was a Cincinnati born and reared serial entrepreneur named Powell Crosley. Mr. Crosley dreamt of building the world’s first great compact car company, but he failed in this endeavor. However, he succeeded spectacularly at every other business challenge he undertook.

After dropping out of college to pursue his obsession with automobiles, Crosley started the Marathon Six Automobile Manufacturing Company in 1907. He quickly failed. He immediately made several more attempts to produce a commercially viable automobile, including a cycle car. These efforts were for naught as well. In 1916 he enjoyed his first success by launching the American Automobile Accessory Company. His products were soon carried by Sears and other major retailers. Working closely with his brother Lewis Crosley, Powell began to branch out and started to make popular phonograph cabinets that sold very well.

In 1920, the consumer products that Crosley’s companies sold began to be supported by a “money back guarantee”. This was a breakthrough and was consistent with Mr. Crosley’s passion for providing the very best product at the best possible price. Customers immediately gravitated to the Crosley items sporting the “money back guarantee”.

In the 1920’s radio was the new rage. Mr. Crosley’s young son had requested that he be given a radio. Crosley visited the Shillito Department Store in Cincinnati to satisfy his sons wish. He was shocked when he learned that the radios of that day cost over $100. This was the impetus for Crosley to mass produce radios. He hired two co-op students from the University of Cincinnati and they designed the Harko model radio. This product was introduced to the public and became an immediate success. By 1924 the Crosley Radio Corporation was the largest radio manufacturer in the world.

In 1925 the Crosley Radio Corporation introduced the Crosley “Pup” a small, one tube radio set that retailed for $9.75. The branding icon that Crosley used to identify the “pup” was a cute rendering of a dog named Bonzo. Bonzo was redrawn wearing a radio headset and that image became one of the most famous advertising images of that time. Today, a papier mache’ replica of Bonzo is on display at the Smithsonian Institute and original examples of the “Pup” are highly prized by collectors.

Now that Crosley was immersed in radio, he quickly came to realize that the new medium would require greatly expanded programming options for listeners. Once again, the deeply curious Powell Crosley undertook the task of creating a broadcasting platform source for producing entertainment. In 1922 WLW went on air as the flagship radio station for Crosley Broadcasting Corporation (CBC). The station’s signal was a whopping 50 watts.

Over the next six years CBC increased WLW’s signal to 50,000 watts. Mr. Crosley correctly surmised that the more powerful the station’s signal, a larger audience could be reached and more radio sets would be sold. Gradually the station built its signal strength to over 500,000 watts, however, the government stepped in and made the CBC scale back to a maximum 50,000 watt signal.

The massive reach of WLW made it truly the “nation’s station”. As the station prospered it became one of the largest producers of original programming in the world. Doris Day, Andy Williams, Red Skelton, Fats Waller, the McGuire Sisters, Rosemary Clooney and the Mills Brothers were only a few of the talents that were launched on WLW. In association with Procter and Gamble, Powell Crosley developed the first radio soap operas and they became hugely popular.

In the 1930’s Powell Crosley expanded into electrical appliances. He always re-invested his profits in his own businesses, and as a result was not heavily invested in the stock market when it crashed in 1929. This enabled his businesses to come through the Great Depression in better shape than other industrialists.

Crosleys first appliance innovation was the Icyball, a kerosene powered, cooling chest. He sold hundreds of thousands of units. Next Crosley patented the original idea of putting shelves in refrigerators. His Shelvador refrigerators became one of the best selling models in the country.

In 1934 Crosley bought the Cincinnati Red Legs major league baseball team. He pioneered the sale of radio sponsorships for team broadcasts and prevailed on the commissioner to allow night baseball games for the first time. Night games greatly improved team’s finances by increasing attendance and the radio audience for game broadcasts.

By the late 1930’s Powell Crosley had migrated back to his first love; manufacturing automobiles. In 1939 he launched his new small car to the public by selling the vehicles through independent appliance dealers and department stores. The diminutive Crosley car sold for about $325, sported a chubby body, was powered by a two cylinder engine and weighed all of 900 pounds. The onset of World War II, unfortunately put a stop to all auto production.

During the war years most industrial production in the United States was devoted to war materials. Crosley was again in the vanguard. His Companies produced a wide range of products essential to fighting the conflict. Among the most important was the “proximity fuse” which Powell Crosley continually improved. After the atomic bomb and radar, the proximity fuse was considered the third most important produced during the war years. General George Patton said, ”the funny fuse won the Battle of the Bulge for us”.

After the successful conclusion of the war, Powell Crosley immediately went back into automobile manufacturing. He reintroduced his small Crosley car which he had improved significantly by the introduction the disc brake which he invented. Over 75,000 Crosley’s were sold before production was halted in 1952.

Powell Crosley provided jobs, creative opportunity and inventive products for millions of people. His innovations saved lives, created new industries, inexpensively entertained the public and improved daily life. It is unfortunate that he is largely forgotten and unstudied today. His is a tale of American genius and self-made success. Entrepreneurs should acquaint themselves with the breadth and depth of Mr. Crosley’s achievements.