Do You Have A Million Dollar Mind?
Do you have a million dollar idea?
Do you have ideas that you think would make good inventions? You can make a million dollars. America the beautiful is still producing more millionaires than ever, even with this sinking economy. One of the most attractive things about our country is the freedom to live a dream. You have the right to use your ideas and turn them into money.
You don't have to come up with an atomic atom splitter to get rich. If you have just one idea for an item that costs a dollar, all you have to do is sell one million of those items. It is possible. This is America - where anything can happen.
Do the hoopty hoop!
The Hula Hoop
In 1958 Richard P. Knerr and Arthur K. Melin invented the plastic hula hoop. Hula Hoops had been made before - so this wasn't even his lightening bolt idea. A company in Austria started marketing a wooden version in 1957 and they liked it. By golly they loved it! So they managed to take that idea and make millions of American dollars. More than 100 million of those plastic rings sold in the first year.
Proof - that you too can alter an idea and become a virtual millionaire.
The Infamous Original 9
- Squealer the Pig
- Patty the Platypus
- Splash the Killer Whale
- Legs the Frog
- Flash the Dolphin
- Spot the Dog
- Cubbie the Bear
- Chocolate the Moose
- Pinchers the Lobster
Beanie Babies. Now there is a novel idea! NOT! This guy is my favorite!
Ty Warner. What a guy - he is my personal hero. Warner took a mortgage out on his flat so that he could take his idea to market. He took the stuffed animal and used pellets rather than the traditional stuffing. He also didn't quite stuff them so full - this made the toy more pliable and therefore more lovable. Obviously, because he is worth about an estimated 6 billion dollars now.
You won't find very much information about him either, other than he was born in Chicago, Illinois. His birth date is reported to be somewhere around 1944, but there are several sources that do have inconsistent dates. What is known is that he had some stuffed animals for sale - competitors chided his toy and likened it to "road kill." I am sure Warner laughed all the way to the bank when he sold 30,000 of his stuffed animals at the Atlanta Toy Fair.
Here is the other thing that makes him a genius....he incorporated H Ty Warner and there are only 100 shares. He owns them all.
Richard James worked at a wire factory. One day a spring fell onto the floor and he noticed how it bounced around and wiggled on the floor. He went home and said to his wife, "Barbara! Look at this!" The two of them borrowed about $500 dollars from a bank and rolled it into a business where he made and manufactured the slinky. He took 400 of them to sell at a show and within 90 minutes they were literally history. As of now, there have been about 300 million sold.
No idea is too silly!
After WWII, James Wright had some material left over that they had used during the war to repair things. It was sort of a caulking material. He didn't know what to do with it, so he decided - what else? To put bits of it into plastic eggs and sell it to children for modeling clay! It was also discovered that if you smashed it onto print it would transfer the print onto the putty. It was an instant success and to date he has sold about 4,500 tons of it.
- History Of Toilet Paper And The Many Uses Of The Toilet Paper Roll
Toilet paper dates back as far as the sixth century AD. The Greeks used to use stone and clay.
The history of toilet paper is much more interesting than I thought. Apparently, it was invented for a Chinese emperor. In 1391 it was produced in 2' x 3' sheets. Now, that is a king sized sheet! I did indicate "foot" not to be confused with "inches."
I wondered why this product didn't take off - it actually didn't sell that well. A guy named Seth Wheeler got a patent on it in 1871. Which just goes to show you that you don't miss what you have never had. They tried to sell it. Even made a perforated version. Then I spotted the reason! It wasn't until 1935 that it was "splinter free." Ok, now that explains a few things.
Johnny Carson was the driving force behind a 3 week paper shortage when he joked about there being a toilet paper shortage on his show December 19, 1973. People got so scared they ran out and bought it all up! The poor folks who weren't watching the show? Yeah...back to the books!
Toilet paper has grown into a 2.4 million dollar industry.
Pez were originally a peppermint candy that was from Austria. They marketed and sold the item as an "interactive candy". That is, it was "enjoyable to eat and fun to play with!" The little candy dispenser was invented by Eduard Haasill and it was designed like a cigarette lighter with no pop up head. That was another craze that boomed in the U.S. Americans must love to play with their food because there are still over 3 billion PEZ candies being eaten daily.
The pet rock was invented in 1975. A few kids just sitting around talking about the chores that were involved in owning a pet. They invented the idea of a perfect, non-maitenance pet. A rock. I would love to make fun of the guys, but I am smart enough to know that they made about 1.5 million dollars off their idea and I am writing about it almost 25 years later so I would have to say - it was pretty genius.
How do you really feel?
- Black - Frigid
- Grey - Irritable
- Yellow - Melancholy
- Green - Cuddly
- Blue Green - Amorous
- Blue - Sensuous
- Dar Blue - Passionate
Mood rings were another '70's fad. Originally, they were sold for about $45.00 a pop for a silver one....and if you really cared about your mood - and depended on this scientific theory - you could buy one in gold for as little as $250.00 at Bonwit Teller.
Mood rings are made of a thermochromic liquid crystal. As the ring heats up or cools off, due to your body temperature, it changes colors. They have also invented pet collars with this type of crystal so that we can all know and understand the moods of our pets with a more rational scientific method. Peppermint Patty, the cartoon character from the popular "Peanuts," comic strip sent the mood ring to stardom when hers got so hot that it exploded in a cartoon.
Bet you haven't thought very much about ear muffs. Well neither did Chester Greenwood, until he wanted to go ice skating on a wintery day. Apparently, it was a bit too nippy for his ears so he ran home, probably crying like a sissy, and told is mom he couldn't play with the other kids if his ears were too cold. His mom probably said, "Chester - you can Ice Skate - and have warm ears too!" She set to scrapping and sewing and fashioned her son a pair of Ear Protectors.
Chester turned out to be a fashionista trend setter and all his friends were clamboring for a pair too! The rest is history. Ear Protectors sold for about a quarter a pair. By the time Chester was 18 years old he had a patent on Ear Muffs. They still sell about 30,000 pairs a year.
Never hurts to keep those ears open!
Ruth Handler invented the Barbie Doll for her own daughter. Handler noticed that her daughter enjoyed playing with the more adult female dolls and not so much the babies. Handler imagined that inventing a more mature style doll would enable her young daughter to visualize her own future. She liked the idea that her child could use it as a future model of who she would become in her dreams.
Mattel agreed to market her doll. They sold at the American Toy Fair for $3.00. But 351,000 dolls times 3 bucks......is alotta bucks. That was one real smart housewife!
A Million Reasons to Smile! 3/30
The Smiley Face
Even the smiley face has a patent. In 1964 Harvey Ross Ball drew the symbol in about 10 minutes for a client to use on a button. His employer was awarded the patent and he never made another dime on it.
You can take any idea, any dream or crazy fantasy and turn it into a million dollars. That is the beauty of our country. No dream is too big and you can turn your thoughts into a million dollars!
Go Ahead! Make a million bucks!
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