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6 Pointless Inventions that Made a Mint

6 Pointless Inventions that Made a Mint

The process of inventing a product which can potentially make millions upon millions can sometimes be easier than you think. The computer, the microwave, cars, the CD….these are all feats of complex incredible pioneering that now make billions. However, on the flip side of that – there are many million dollar inventions which are so simple & pointless it makes you want to bang your head against a concrete wall for not thinking of it first. Here are a few of the top pointless inventions that made a mint.

A rock is a man’s Best Friend


    CC Via Flickr

    In 1975, a man by the name of Gary Dahl manufactured, packaged, and managed the sales of a product which made him a millionaire in less than six months. Down to the products USP (unique selling point) and the next to nothing cost to produce, the figures sky rocketed for him. In six months it’s thought that Dahl made fifteen million dollars – which currently would be worth around fifty-six million dollars today. This truly is a ‘stone’ cold stunner!

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    The Snuggie


      CC Via Flickr

      Ingenious, or ludicrous – you decide! The ground-breaking product in question managed to gather around two hundred million dollars in revenue; and all it was….was a bathrobe which had been turned back to front. Unbelievable! Through clever advertisements which became a media sensation, the Snuggie took off in America – pleasing simple Americans everywhere.

      Baby Toupee

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        CC Via Flickr

        Who wouldn’t want to give their baby a toupee? A toupee will provide a baby with a sense of dignity, class, prestige, and most of all; warmth. At twenty dollars a pop, this seemingly pointless product took off; bringing in millions for the manufacturer. Hopefully they sell a Bill Murray edition.

        Slinky


          CC Via Flickr

          Everyone loves a slinky! Even though this is by far is one of the simplest inventions ever to be created, in its prime many households were without one. The slinky is basically a lazy spring, which may seem pointless & dumb on the outside – but the reality is that children love to play with anything simple and fun. In fact, the more simple and pointless it is – the more a child is to like it! For example, just imagine if someone sold tailored cardboard boxes for kids to play in….it would make millions!

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          Big Mouth Billy Bass


            CC Via Flickr

            The most pointless product you could think of; a plastic mounted fish which sings songs. This tacky gift was created in the late 90s, casting it out to the American public – reeling in the financial reward. However, people soon grew irritated at this terrible gift and it fizzled out in the 2000s. But at the end of the day, the product sold over seventy millions units before it became a fish out of water….

            Doggles

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              CC Via Flickr

              You got it; dog goggles. Of course this has been invented; by reading this list you should have gathered that anything is possible! For the price of eighty dollars you can make your dog look like he’s about to swim the hundred meter final in the Olympics; perhaps someone could patent a dog swim hat too! However, the only people laughing are the manufactures – because they managed to take millions straight out of the average American dog lover’s pocket. Woof!

              In conclusion, as you can see here, not all inventions have to be ground breaking and life changing to make the big bucks. So, if you fancy making a quick million or so – all you need to do is invent the most stupid and pointless product you could think of, and you may be well on your way to the big leagues.

              If you want to make some money to help start-up your new invention then visit IronFX whose speciality is Forex Training.

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              Last Updated on January 21, 2020

              How to Develop a Millionaire Mindset in 6 Simple Steps

              How to Develop a Millionaire Mindset in 6 Simple Steps

              We all like to dream about being financially wealthy. For most people though, it remains a dream and nothing more. Why is that?

              It’s because most people don’t set their mind to achieving that goal. They might not be happy in their current situation but they’re comfortable – and comfort is one of the biggest enemies of growth.

              How do you go about developing that millionaire mindset? By following these simple steps:

              1. Focus On What You Want – And Take It!

              So many people are too timid to admit they want something and go for it. When there is something that you want to accomplish don’t think “I could never actually do that”, think “I could do that and I WILL do that”.

              Millionaires play to win, not to avoid defeat.

              This doesn’t mean to have to become a selfish jerk. What it means is becoming more assertive and honest with yourself. You don’t have to grab off other people. There is a big pot of unclaimed gold in the middle of the table — why shouldn’t you be the one to claim it? You deserve it!

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              2. Become Goal-Orientated

              It’s almost impossible to achieve anything if you don’t set firm goals. Only lottery winners become millionaires overnight. By setting yourself attainable goals, you will get there eventually. Don’t try to get rich quickly — get rich slowly.

              Let’s take the idea of making your first million dollars and expand on what kind of goals you might set to get there. Let’s also say you’re starting at a break-even position – you’re making enough to get by with a few luxuries, but nothing more.

              Your goal for the first year can be having $10,000 in the bank within a year. It won’t be easy but it is doable. Next, you need to figure out the steps you need to take to achieve that goal.

              Always look at ways to make growth before cutbacks. With that in mind, you might want to see if you can negotiate a pay rise with your boss, or if there’s another job out there that will pay better. You might be comfortable in your old job but remember, comfort stunts growth.

              You may also have other skills outside of your workplace that you can monetize to boost your bank balance. Maybe you can design websites for people, at a fee of course, or make alterations to clothes.

              If this is still not enough to make the money you need to save $10,000 in a year, then it’s time to look at cutbacks. Do you have a bunch of old junk that someone else might love? Sell it! Do you really need to spend $10 on your lunch everyday when you could make your own for a fraction of the cost?

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              If you are to become a millionaire, you need to start accumulating money.

              Here’re some tips to help you: How to Become Goal Oriented and Achieve More in Life

              3. Don’t Spend Your Money – Invest It

              The reason you need to accumulate money is for step three. Millionaires tend to be frugal people, and that’s because they know the true value of money is in investing. Being your own boss goes hand-in-hand with becoming a millionaire. You’ll want to quit your regular job at some point.

              Stop working for your money and make your money work for you.

              Rather than buying yourself a new iPad, that $500 could be used to invest in the stock market. Find the right shares (more on that later), and that money could easily double within a year.

              There’s not just the stock market — there’s also property, and your own education.

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              4. Never Stop Learning

              The best thing you can invest in is yourself.

              Once most people leave the education system, they think their learning days are over. Well theirs might be, but yours shouldn’t be. Successful people continually learn and adapt.

              Billionaire Warren Buffet estimates that he read at least 100 books on investing before he turned twenty. Most people never read another book after they’ve left school. Who would you rather be?

              Learn everything you can about how economics works, how the stocks markets work, how they trend.

              Learn new skills. If you have an interest in it, learn everything you can about it. You’d be surprised at how often, seemingly useless skills, can become extremely useful in the right situation.

              Start developing the habit of learning continuously: How to Create a Habit of Continuous Learning for a Better You

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              5. Think Big

              While I advise to start off with small goals, you absolutely should have a big goal in mind. If you have a business idea, then that is your ultimate goal – to start that business and make a success of it. If you want to invest your way to millions of dollars and do little work other than research, then that is your big goal.

              There is no shame in not achieving a big goal. If you run a business and aim to make $1 million profit in a year and “only” make $200,000, then you’re still significantly ahead of most people.

              Aim for the stars, if you fail you’ll still be over the moon.

              6. Enjoy the Attention

              To be successful, you have to be willing to promote yourself and enjoy the attention to a certain extent. Now the attention doesn’t need to be on yourself, it could be on your brand, but attention definitely attracts money.

              Never be embarrassed to get your name out there. That means finding a spotlight and being brave enough to step right up underneath it.

              If you run a business, try contacting the local papers. You’d be surprised at how amenable they often are to running a story about you and your business, and it’s all free publicity.

              Above all, remember: You control your own destiny. Push hard enough for anything and you’ll get it.

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              Featured photo credit: Austin Distel via unsplash.com

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