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Jun 16, 2009 -- More people turn to invention during extended unemployment

We are in a time where people who never experienced unemployment during their adult lives are now left jobless.

Yet even in these trying times, people are dealing with adversity and making things happen. Some are using their idle time to pursue ideas they've always had for inventions.

The number of people actively involved in invention is up 20% year over year, according to The Los Angeles Times.

Now, you might look at our well-developed economy and say, "We have so many gadgets already. How could someone possibly come up with a new idea?" Yet the opportunities for improving the way we do things are virtually endless precisely because our economy is so developed.

For example, look at the world of handheld video cameras. This is an arena that's dominated by large Japanese manufacturers. How could anyone possibly get a toehold in that kind of market?

Enter the makers of the Flip video camera, which starts at $100. They simplified the camera to the point that even Clark's 3-year-old son can use it. The Flip was even named one of the best inventions of 2008 by Time magazine.

And now the founders of the Flip have sold the company for $600 million! Of course, not every inventor will do this well, but the opportunity is out there.

Clark recommends Nolo.com for a low-cost way to help obtain a patent.

Unfortunately, Clark won't be able to answer any questions submitted via commenting. If you have a question, please try posting it to our message boards.

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What others are saying

  • Body wear
    Missed a great opportunity when my wife gave me the same exact for spanx. Only that she did not call it Spanx. Not too long after the lady who invented it was on Oprah.
  • I am so confused!!!!
    All my life I have felt the need to invent something to make life easier. In the early 80's I thought they could send spacecrafts far into space but you can't start your car from indoors and have it running and warm for you. At about the same time I thought of an electic cat liter box. My ideas just keeps going. Now I have another great invention idea and I just don't know where to start. I really don't want this one to get away from me. So many of my other ideas have come to past by others.
  • CAT INVENTIONS
    My husband had a great idea for an cat invention in the 1990's. I bugged him to invent it, but he delayed...

    And one day, we were watching television and our invention showed up on a commerical.

    It was grounded kitty string chaser. Set up just like a thether ball, only at a cat's level. Plug in it, and the cat suddenly has a little thether ball to paly with. Simple, easy, entertaining to watch the cat play. Could have been marketed as a weight loss device for overweight cats, which we had once-she weighed in at 33 pounds.
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