1. Make a product better and cheaper than anyone else can.
-Nick McKay Sr., inventor of the very first Lint Pic-Up, made a fortune doing this. He designed an easy-to-refill, refillable, sticky tape on a roller product in his basement.
Then he looked overseas, calculated how much it would cost them to ship the inevitable copycats, and realized he could make them cheaper.
2. Enlist your friends for help.
-When Nick received complaints from his neighbors about the racket his self-built production machine made, he did the first thing that came to mind: offer them a cut if they put one in their basement. Never mind that they were loud as all get out, Nick paid four cents per unit and they all thought it to be worth it.
3. Work harder and longer than anyone else you know.
-Nick often comments he is not retired right now, he's just tired. He spent over 40 years inventing, tweaking, improving and distributing his products (1956 to 1999), which now affords him the time to do whatever he likes.
I've never seen a 89 year old man so happy.
What can we all learn from this?
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