Retail Patents – Is it Important to Patent a Product for Retail Stores?

 

Retail Patents – It would be ideal to get a patent for your product. However this doesn’t always make sense for all products!

At least half of all products on store shelves do not have patents on them due to product life cycle. So it really depends on your product and how unique it is to the market place.

Do you have the money? Does it make sense to wait years before attaining the patent? Are there other products on the market that are really similar to yours? Is your product interesting but not that unique? It’s a decision you have to make!

One affordable way to handle this patent issue is to start with a patent application. This enables a person to protect their product idea for a year for a nominal fee.

Once the year is up, they have can choose whether or not to patent the product.  At that point, they will know if the product is marketable.

It’s always ideal to protect your innovative ideas, but sometimes people don’t have the financial resources. And sometimes a product might not be patentable either! If you are really worried that someone will knock your product off, then go for the patent!

Watch this video to learn more!

To your success,

 

Karen Waksman

Retail MBA

P.S. If you would like to know exactly how to get your products on major retail shelves, check out our Retail MBA Training Program!

Retail Patents

Karen Waksman

Author: Karen Waksman

Karen Waksman, Founder of Retail MBA, is a Manufacturer’s Rep turned Author, Speaker and Consultant. She has sold millions of consumer products to the world’s largest retailers and now dedicates her time to teaching Entrepreneurs how to market and sell their products to Major Retailers, Online Retailers, Catalogs and Small Retailers, too! Karen Waksman has taught over 10,000+ product entrepreneurs and companies across the globe on the subject of selling to retailers. Her goal is to empower and inspire companies to transform their businesses by providing them all of the necessary information they need in order to become chain store vendors. Most importantly, Karen’s clients have utilized the Retail MBA time-tested sales formula to get their products into retailers such as Wal-Mart, Best Buy, Home Depot, Lowes, Kroger Grocery Stores, Bed Bath and Beyond, BuyBuyBaby, Groupon and much, much more!