ParttimeHustler
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- Nov 19, 2020
- 5
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Hello All,
following several weeks of drawing and prototyping, I created a first sample of a product idea by hand. I am getting to the stage where I think about filing a design patent. However I am wondering whether patents are overrated or not worth it for simple physical product designs. My product is a type of bag, so nothing revolutionary here. I have been told by a lawyer that the design itself would have a good chance of being patentable due to the specifics of the design.
I have read that 97% of patents never recoup the costs of their filing. I am new to the business of creating businesses, and although common sense tells me to spend the money to file for a patent, a part of me wonders whether they are actually that useful in real life. Maybe the way in the beginning is to just ignore the patent process and just run with the product, focus on manufacturing first, etc, to see where this goes?
Does anyone here have experience with this and can share their perspective and thoughts? I would love an exchange on this from all angles.
cheers and all the best,
PTH
following several weeks of drawing and prototyping, I created a first sample of a product idea by hand. I am getting to the stage where I think about filing a design patent. However I am wondering whether patents are overrated or not worth it for simple physical product designs. My product is a type of bag, so nothing revolutionary here. I have been told by a lawyer that the design itself would have a good chance of being patentable due to the specifics of the design.
I have read that 97% of patents never recoup the costs of their filing. I am new to the business of creating businesses, and although common sense tells me to spend the money to file for a patent, a part of me wonders whether they are actually that useful in real life. Maybe the way in the beginning is to just ignore the patent process and just run with the product, focus on manufacturing first, etc, to see where this goes?
Does anyone here have experience with this and can share their perspective and thoughts? I would love an exchange on this from all angles.
cheers and all the best,
PTH
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