There is yet another route that some inventors take with their inventions and sometimes this one works for those who have a good idea for a product that cannot be patent protected because it is already in the public domain. That is, the product or something very similar has already been patented or sold before, but it is still a viable product.
You are not required to get a patent if you choose not to do so. If protection from competition is not important to you and the product is not currently covered by an existing patent, you can simply market the product in whatever way you choose. If the product is a really good one, you will probably not maintain exclusivity for a very long time, but if you think yours may be a fad-type product, it could be a wise decision to just get on the market with it and make your profit while the fad lasts.
Catalogs often sell items that have no patents. It is relatively easy to get your product into catalogs if you are willing to manufacture and sell it to the catalog companies. If you are interested in this option, just go online and check with the catalog or catalogs of your choice. They all have contact information. Contact them and let them know that you are interested in submitting a product for their catalog. They will send you their submission requirements.
Posted in Global Market, Insurance, Insurance Tips, get out of debt, income (Tags: Aids finance, debt, economics, estate, Estate Planning, heir, income, inheritace, Insurance, Interest) | Comments Off
One option to get around this problem, if you plan to manufacture and distribute your own product, is to place your product with an independent product representative. This is a person who represents a number of products from various manufacturers to the retailers. Be aware, if you do this, that you will have to pay the product representative a percentage of the sales for this representation. This can make a significant difference in your profit bottom line, but it may be the only way that you can get your product into the large retail chains.
You can find product representatives by contacting administrative offices of the retail stores and asking them for the names of the reps for your category of products. Product representatives usually cover a specific geographic region. For example, there may be a product representative who covers Texas, Oklahoma and Louisiana. The entire country is divided into exclusive regions for the individuals representing specific lines of products. This approach may require you to contact product representatives all over the country in order to get maximum market coverage for your product, but it can work.
In addition to individual product representatives, for many categories of products there are distributors. These are companies that handle the distribution of an entire category of products to select retailers. When we were marketing Ghostline® on our own, before licensing the product, we sold some product to a distributor who got Ghostline® into stores in a seven-state area. This involved another layer of wholesaling (from us to the distributor and from the distributor to the retailer), but if your profit margin is great enough, you can get greater distribution this way.
Posted in income, international markets, merger, money issues, revenue (Tags: business objectives, cash reserves, debt consolidation, investment opportunities, loans guide, money guide, pricing policy) | Comments Off