Rabbit Product Design’s latest guide is geared towards inventors who are looking for patent search services or are considering filing for a patent for a new product. In the guide, Rabbit Product Design outlines the potential risks of filing for a patent too early and how entrepreneurs can avoid common product launch pitfalls that can result in heavy losses.
For more information, please visit https://www.rabbitproductdesign.com/patents
Patents are a consideration for many entrepreneurs because they give inventors exclusive rights to make, use, sell, or license their invention, providing businesses with a protected asset for a certain amount of time. While patents can make brands more attractive to investors and potential partners or buyers, the filing process is resource-intensive and may not be as beneficial for products with short market lifespans or innovation cycles.
Rabbit Product Design also notes that filing a patent too soon can result in unnecessary costs during the drafting and filing process, significantly limiting the inventor’s budget and leaving no money for prototyping, inventory, manufacturing, or marketing – processes that the company believes are vital for successful launches.
“97% of product ideas with patents never make it to market. There is a high chance you can spend thousands on a patent only to have to wait years for approval,” says Adam Tavin, co-founder of Rabbit Product Design. “The truth is, you don’t need a patent to launch. You can go to market, build your brand, and start making money right away.”
Rather than committing to costly legal protections for a product that may not be commercially viable, Rabbit Product Design’s guide says that gaining market share and fostering a loyal consumer base through strong branding and reliable product design is a more cost-effective way of protecting business assets, with the added benefit of driving sales. Assessing the product and developing a functional prototype first will ensure that the inventor has not spent thousands of dollars patenting an idea that is impossible to create, allowing for more rapid launches that can give startups the competitive edge, especially in saturated markets.
For inventors interested in product evaluation and proof-of-concept prototyping, Rabbit Product Design offers end-to-end product development services that include design, prototyping, manufacturing, marketing, and patent research. More information is available at www.rabbitproductdesign.com/
Rabbit Product Design
2100 Geng Rd Ste 210
Palo Alto
CA
94303
United States
