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Old 10-02-2007, 07:27 PM   #1 (permalink)
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I need some advise about a new product

That i have an idea for, Ive built a prototype piece of PB equipment.I made it for me and then started thinking a lotta people would like this !

My question is do i just build em an sell em or get it patented ???
I have no idea how much money or how much time a patent takes.

Some of you that have done this what is your opinion ??

peace and luck, Fog
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Old 10-02-2007, 08:35 PM   #2 (permalink)
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If there is one thing that Smart Parts has taught us over the years it is this. PATENT YOUR IDEA RIGHT FREAKING NOW! Otherwise you have no recourse when some big corporation decides to steal it from you and then sue YOU for making it in the first place.

Seriously though, in the world of business, you can't make mis-steps like not patenting an idea that you are going to sell on the free market. Patents can be had for a nominal sum. If you think the product will sell, or even if you feel you can sell the patent, go for it.
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Old 10-02-2007, 09:46 PM   #3 (permalink)
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Screw patents. Do it only AFTER you've legally copyrighted all blueprints, design sheets, spec sheets, and so on, then patent the product. Copyrighted material infrignement is really a much more damaging to whoever infringed the copyrighted materials, unlike the circus of patent laws.
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Old 10-02-2007, 10:01 PM   #4 (permalink)
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^^^^^^

Good Point!
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Old 10-02-2007, 10:19 PM   #5 (permalink)
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well, dending on the product, patenting might not be worth it in the long run. There's also the "flood the market early to squeeze all the profitability out of it before someone else copies it" idea. When you're selling a $20 widget with maybe $5 profit on each unit it would be YEARS before you make enough profit to cover the patent process. Instead sell it for $30 so you'll maximize profits before some other company copies it and sells it for $20. Then you'll be the expensive original "high end" version and can still sell a few as 'upgrades' of the cheaper copy. Hypothetically speaking of course.
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Old 10-03-2007, 08:25 AM   #6 (permalink)
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All good points ,please keep the opinions coming, the copies that are sure to come was one thing i was thinking of, the counter maybe the FLOOD the market idea. The prob w/ that is i dont have a lotta money to invest in flooding the market.
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Old 10-03-2007, 02:00 PM   #7 (permalink)
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On AO someone said a patent is worth nothing if you DONT HAVE the MONEY to defend it in court ,hmmmmmmmmmmmmmmmm
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Old 10-03-2007, 02:20 PM   #8 (permalink)
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Quote:
Originally Posted by fog View Post
On AO someone said a patent is worth nothing if you DONT HAVE the MONEY to defend it in court ,hmmmmmmmmmmmmmmmm
Yup, very true. If you have a patent and believe someone is infringing on it, you would need to bring suit to stop them or get compensation. This would cost a lot of money, especially if it invovlved a big corporation. Also, there is no guarantee you would win, patent or not.
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Old 10-03-2007, 02:43 PM   #9 (permalink)
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I believe Manike posted that once on the guild... if you dont have $10k to go to court with, you might as well not have the patent.

Best bet with that is to improve your design once they rip it off... to stay a step ahead.
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Old 10-03-2007, 02:47 PM   #10 (permalink)
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you can patent it, then sell it to a large corp. Just make sure you patent it first and keep records of all your contacts made in case they try to steal the idea.
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