Products under $5 that made millions

February 22nd, 2011 | Posted by Global Investors

It has been said that America is the country of innovation and inventions. Forget about the big creations that obviously shocked the world, here are some products under five dollars that also left people in awe.

Post-it notes

It started out with a failed adhesive at 3M. The glue wasn’t sticky enough. But after 3M’s Arthur Fry began using it to add stick notes to his reports, fellow employees started requesting them for their own use and the world followed.

Crazy straw

Kids are really choosy eaters and drinkers. So, inventor Arthur P. Gildersleeve thought of bending the straw to entice kids to drink milk and juice.

Slinky

Also known as the ‘Lazy Spring,’ it’s a toy made out of a helical spring that stretches and can bounce up and down. Since its invention by Richard James in 1945, over 300 Slinkies have been sold since.

Silly bandz

Those elastics shaped like animals, rock stars, and other personalized shapes were last year’s craze. Despite the rise of rip-offs, Silly Bandz still sell 1 million packs a week.

Pet rock

It’s a joke almost everyone took seriously. In 1975, Gary Dahl talked about how real pets were messy and how he preferred a pet rock. Together with his friends, Dahl wrote ‘The Pet Rock Training Manual,’ packed it in a box with a rock, and sold it for $3.95. The Pet Rock was born.

Antenna ball

It’s a bit hard to imagine how antenna balls made millions, but Jason Wall did it. Created in 1997, he began selling them at his local California auto stores and was soon contracted with Wal-Mart. Now, Wall is a multi-millionaire and president and CEO of In-Concept.

Koosh ball

Scott Stillinger wanted a ball that was easier to catch for his kids. So in 1987, he tied rubber bands together to create what we now call the Koosh Ball.

The next time you think you’re idea’s too petty to be turned into an actual invention, think again. Even rocks can turn into actual bucks and turn you into a millionaire.

Source: Yahoo

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