I had the idea to import sunglasses. So I registered the website URL, had a kickass logo designed, made a facebook page and send out the forms to register the trade/business name with the chamber of commerce.
Today I found out there is a competitor using the same name as me and they have already registered the trade/business name with the chamber of commerce. They also have a facebook page with close to 200 likes and have their own branded products in stock and they will launch their ecommerce store in the coming days.
I still would like to pursue this venture but I haven't tested the products yet. I'm still negotiating with several Chinese suppliers.
I think I might be able to secure the trademark in 3 countries and perhaps make them quit using the same brand name. I can also go for an European registered trademark, but that is about 4 times more costly.
But now I'm wondering if it is all worth it and that perhaps I should just move on.
Does anyone have any experience with a similar situation?
Today I found out there is a competitor using the same name as me and they have already registered the trade/business name with the chamber of commerce. They also have a facebook page with close to 200 likes and have their own branded products in stock and they will launch their ecommerce store in the coming days.
I still would like to pursue this venture but I haven't tested the products yet. I'm still negotiating with several Chinese suppliers.
I think I might be able to secure the trademark in 3 countries and perhaps make them quit using the same brand name. I can also go for an European registered trademark, but that is about 4 times more costly.
But now I'm wondering if it is all worth it and that perhaps I should just move on.
Does anyone have any experience with a similar situation?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
