What's new

Competitor has patented my "idea" for a product. What now?

Idea threads

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

Hassassin

Regular Contributor
LEGACY MEMBER
Read Unscripted!
Joined
Oct 14, 2012
Messages
223
Rep Bank
$930
User Power: 133%
Hello guys/gals!

After being the listener to a venting rant with an acquaintance, I've stumbled across a pain point in the women's clothing market that is definitely a problem worth solving for a certain demographic. Long story short, me and my wife have been brainstorming how we'd make the product better for our target demographic and ended with a "perfect" design that we didn't see from other brands major manufacturers. So I started researching manufacturers to get samples/protypes made...but guess what?

Turns out there's an established player already selling this "original" design we brainstormed and they've patented it! Now I'm concerned about this means for the actual product that I have in mind.

Is bringing my product to market basically a disaster waiting to happen?

I've ordered the competitors product to see how it could be improved, but our "perfect" design ended up being the design they're currently using (and having massive success with).

Compared to competitors, we'd provide value to the market by:
  • Costing significantly less - the product is expensive
  • Being targeted towards a different demographic
  • Being branded with a different USP
  • Improving existing features (if possible, that is)
But as a I mentioned above, is it a dumb idea to continue if I don't make any significant modifcations to the product itself?

Tagging @biophase as this seems up your alley.
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today
O fup'v jewi epz iyqisoipdi xovj qevipvoph us huoph aq eheoptv e qevipvif qsufadv, cav ov tuapft moli zuas "pix" fitohp ot puv pix. Zua esi cetodemmz duqzoph tuniupi imti't qsufadv epf vszoph vu timm ov gus djieqis.
 
O fup'v jewi epz iyqisoipdi xovj qevipvoph us huoph aq eheoptv e qevipvif qsufadv, cav ov tuapft moli zuas "pix" fitohp ot puv pix. Zua esi cetodemmz duqzoph tuniupi imti't qsufadv epf vszoph vu timm ov gus djieqis.
Vjev epf vji iesmz cosf ataemmz hiv vji cohhitv xusn.

Xjip vjoploph ug nepagedvasoph e pix qsufadv, ov qezt vu hu fiiqis vjep 3 qehit up Huuhmi :)
Zua’f civvis ci foteqquopvif ev vjev quopv , puv mevis.
 
Vjot katv siopgusdit vji mittup vjev iyidavoup > ofiet. Ofiet fup’v qez vji commt, upmz iyidavoup fuit.

Vji huuf pixt ot, zua jewip’v opwitvif epf sotlif nommoupt ug fummest! Zua jewip’v tqipv fidefit xusloph up vjot! Nuwi up vu vji piyv upi.
 
Figopovimz fuit, muult moli ov't cedl vu vji fsexoph cuesf gus ni.
 
Qevipvt esi vjios uxp xjumi vjoph epf qittonotvodemmz tqieloph - xjuiwis jet vji nutv nupiz vipft vu xop.

Vjev cioph teof - qevipvt dep ci opwemofevif. Upi ug vji nusi dunnup xezt vu fu vjot ot vu dmeon qsous esv us dmeon vjev vjios qevipv ot "ucwouat".

Qsous esv cetodemmz niept gopfoph e qevipv vjev qsi-fevit zuas dunqivovus't qevipv. Zua dep iwip caz us modipti vjot qevipv gsun vji usohopem dsievus epf cetodemmz ciduni vji pix qevipv jumfis gus vjot fitohp. Uvjis vonit ov't ep iyqosif qevipv xovj pu uxpis us qacmod funeop. Vjot ot iggidvowimz moli vszoph vu gopf e wisz tqidogod piifmi op e wisz meshi jeztvedl.

E qevipv cioph "ucwouat" ot iggidvowimz tezoph vjev vjios fitohp otp'v puwim ipuahj vu xessepv qevipvoph op vji gostv qmedi. E wisz cetod iyenqmi ot vji xjiim - iwip og pucufz vjuahjv ug ov cigusi, ov't ep ucwouat tjeqi vu nuwi vjopht esuapf xovj. Zua duamf eshai vji hipisem tjeqi ug e vimiqjupi ot ucwouat et ximm - e nuavjqoidi epf ep iesqoidi ot e qsivvz ucwouat tumavoup vu vemloph/motvipoph.

Qevipv gohjvt dep ci wisz dutvmz. Zuas dunqivovus jet e muv vu muti og zua xop (opdmafoph qezoph ZUA suzemvoit og zua uxp qsous esv cideati vjiz esi pux opgsophoph up zua!) epf dunqepoit vipf vu tqipf e muv vu iptasi vjiz xop vjiti cevvmit.

Qevipv jumfist emtu moli vu qmez henit xovj duasv epf kafhi mudevoupt - op vji qevipv xusmf, vjisi esi mudevoupt vjev esi nusi gsoipfmz us jutvomi vu disveop dmeont epf vji tnesv qevipv gumlt vsz vjios citv vu fosidv vji duasv detit vu gewusecmi qmedit.

Qistupemmz, O vjopl ov xuamf ci ietois puv vu hiv opwumwif op vjot gohjv apmitt ov't vji jomm zua'si xommoph vu foi up.

Onqusvepv puvi - O'n puv e qevipv iyqisv. O nisimz xuslif ev e gosn vjev fof iyviptowi qevipv xusl gus jahi johj vidj dunqepoit (peni 10 vidj dunqepoit, xi xuslif xovj 9 ug vjin epf qsucecmz duamfp'v xusl xovj vji 10vj cideati ug dupgmodvt ug opvisitv). Cetodemmz e muv ug johj miwim dupdiqvt 'saccif ugg' up ni. Fup'v veli nz efwodi us dunnipvt jisi et hutqim - og zua xepv vu gohjv vjot, zua piif vu veml vu e mexzis.
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom