Invent and Grow Rich – Here are a few examples of Self-Made Millionares

33 percent of Self Made Millionaires are Entrepreneurs – Many based on simple or accidental Ideas

 

FitDeck – http://www.fitdeck.com

Create a deck of cards featuring exercise routines, and sell it online for $18.95. Sounds like a disastrous idea to me. But former Navy SEAL and fitness instructor Phil Black reported 2005 sales of $4.7 million. Surely beats what the military pays.

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Designer Diaper Bags – http://www.diapeesandwipees.com/ 

Christie Rein was tired of carrying diapers around in a freezer bag. The 34-year-old mother of three found herself constantly stuffing diapers for her infant son into freezer bags to keep them from getting scrunched up in her purse. Rein wanted something that was compact, sleek and stylish, so in November 2004, she sat down with her husband, Marcus, who helped her design a custom diaper bag that’s big enough to hold a travel pack of wipes and two to four diapers. With more than $180,000 in sales for 2005, Christie’s company, Diapees & Wipees, has bags in 22 different styles, available online and in 120 boutiques across the globe for $14.99.

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Got Junkhttp://www.1800gotjunk.com

This junk removal service was established in Vancouver, Canada in 1989 by founder and current CEO Brian Scudamore. He purchased a used pickup truck for $700 and came up with the slogan “We’ll stash your trash in a flash.” In 1993, months before his graduation, Scudamore quit university to concentrate on his business full time. Naturally his father, who was a Doctor by occupation, wasn’t too excited about his son’s professional plans but had to give in seeing his son’s enthusiasm. All you’ve got to do is call the company up, tell them you have a bunch of junk stashed up, and they will come and hurl it away! The company has established more than 220 franchises throughout the United States, Canada and Australia, and is worth more than $100 million

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http://www.pickydomains.com

Setting up a website today is a piece of cake. But finding the domain name that you want and which already is not taken is quite the opposite. So one man exploited this opportunity and came up with a unique idea that made him considerably rich; he simply suggested domain names for websites. Mind you it does take a certain degree of creativity! So here is how it works: after depositing 50 dollars, clients start receiving a list of available domain names via e-mail for a 30 day period. If they see a domain they like, they register it and notify the service about domain acquired. If no domain is registered, the money is refunded in full. The firm is now worth at least $5 million, courtesy this ridiculously simple idea.

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Toll House Cookies

When she ran out of baker’s chocolate in 1930, Ruth Wakefield of Whitman, Mass., baked the first chocolate-chip cookie by adding semisweet chocolate bits to the recipe. Incorrectly, she had assumed the end result would be plain chocolate cookies. She named the accidental result after the inn in which she baked, the Toll House.

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Filed under Andrew R. Spriegel, Andrew Spriegel, Blogging, Brand, Branding, Bucks, business, Economy, Financially Independent, Free, independent, Intellectual Property, Invention, Inventions, job, job search, Jobs

One response to “Invent and Grow Rich – Here are a few examples of Self-Made Millionares

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