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LOOKING FOR A MANUFACTURER TO CREATE MY PRODUCT

Discussion in 'Dropshipping & Wholesale Hookups' started by moneymagnet246, Oct 6, 2016.

  1. moneymagnet246

    moneymagnet246 Power Member

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    Hoping this isn't the wrong sub-forum to post this thread at I'll simply state what's needed and hopefully we can PM each other or communicate in some way.

    In essence, I have a pretty decent idea in mind and just need a manufacturer (probably one in China) to agree with me on terms such as payment method, order quantity, exclusivity, etc. and then create my product. Then I'd order a proto-type, patent it, and then from there order wholesale and we move on from there.

    If anyone knows or is a manafacturer please let me know. Thank you.
     
  2. blogzandstuff

    blogzandstuff Elite Member

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    wouldn't you be better to patent it first before dealing with company, if you have something they could get in first
     
  3. moneymagnet246

    moneymagnet246 Power Member

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    I was afraid of that but I'd need a proto-type to get it patented first though wouldn't I?
     
  4. toml3030

    toml3030 Elite Member

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    no, actually you don't even need a prototype to patent it. You would need about $30K for a patent attorney though. Also, remember that a patent only gives you the right to sue someone in court. Expect to spend at least $100K on a lawsuit if anyone rips off your idea. And if some Chinese guy rips you off, you will never get paid.
     
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  5. toml3030

    toml3030 Elite Member

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    Don't do this if your idea is any good. If some Chinese guy rips off your idea, you have no recourse. Remember, a patent is only good if you can sue the people who are manufacturing it and selling it.
     
  6. moneymagnet246

    moneymagnet246 Power Member

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    Well, I'm not on much of a budget but I don't expect the return to be high enough for the patent and potential lawsuits. I could just ignore the patent then I suppose? The product isn't the "next big thing" it's just something I believe will be profitable.
     
  7. blogzandstuff

    blogzandstuff Elite Member

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    Ignoring a patent could get you sued, if someone steals your idea and patents it, then you go ahead they'll sue you. I know someone who didn't patent a golf product and he lost a lot of money, that was 20 years ago and he would have been a millionaire now
     
  8. toml3030

    toml3030 Elite Member

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    Well, there is a reason why 99% of patents are unprofitable and over 95% doesn't generate a dime of revenue. If intellectual property laws are so powerful, you'd never see people selling pirated products on eBay, right?
     
  9. moneymagnet246

    moneymagnet246 Power Member

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    Hmm, well if I was to invent then sell a product and someone else goes ahead and patents it but I don't do anything then there shouldn't be a problem. I'd lose a source of income but no actual loss of money (unless I don't sell what I currently had) and no legal issues correct? You do have a point about the eBay sales though.
     
  10. toml3030

    toml3030 Elite Member

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    Sure, if you're only making chump change no one will bother suing you for it. But if you start making serious money, whoever hold the patent will likely sue you.
     
  11. AJ2121

    AJ2121 Registered Member

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    I have many contacts in China - to run my day to day production

    Also about patents - only do it if you think it is seriously worth it - taking someone to court is very difficult, balance up what you think the product is worth - if you going to make 100k usd from it then it is probably not worth doing one.

    If you think you will make over 500k then probably best to consider
     
  12. OwlCat

    OwlCat Newbie

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    Hey,
    I'm new here but have some experience with manufacturing in the Far East. I can tell you for starters that a patent is definitely not worthwhile. It costs a lot and unless your product has some sort of technological/functional breakthrough, you're going to spend a lot of money on getting rejected.
    If you're interested in talking send me a PM :)