I admit this conversation is way over my head. I can read the words but i don't know what they're talking about. Too much time in the poolrooms I guess :wink:.
I do agree that there is a limited market in the pool world for almost any product. I've seen a lot of guys come up with some really cool stuff (bridges, extensions, cue holders etc.) and never really make any money when it was all said and done. Sure, they made a lot of pieces and sold them everywhere they went, but it never caught on to where they were taking orders all over the place (and in quantity too).
Joe Porper (Creative Inventions) is probably the best innovator of new pool gadgets that we've had in this business. Did you know he also created and manufactured many tricks that are popular with magicians? Several of his products are still available today. Did he get rich off any of them? Doubtful. Did he make a nice living? Yes, for years!
I'm guessing the single most successful pool product/gadget ever invented in the last forty years was the Tip Tapper, a little piece of steel that was indestructable (sic). For many years, every serious pool player had to have one and they sold for $10 retail ($5 wholesale). The guy who invented them was a machinist friend of Lou Butera (I forget his name) and he did make some serious money off his little gift to the pool world. They continued to sell for well over 20 years!
The invention of the Predator shaft made Allen McCarty a rich man and he sold his company years ago for a princely sum. These are two of the rare success stories in the pool world. There are a lot more failures. Both of these products eventually got copied and then copied some more. Patent or not, there was no stopping the imitators.
I'm no lawyer either but I see what I see and hopefully learn from it. There is a shelf life to new billiard products and if you have a good one you can sell if for a certain period of time before you get copied. Even high dollar pool tables get knocked off overseas! I would suggest that your best bet is to just go ahead and create whatever product you think is good enough to sell. Make a prototype, create the packaging and give it a name. Then make them and sell them, with or without a patent (I don't think the Tip Tapper every had a patent. It said Patent Pending on them). Being the first one to the marketplace is your best bet for success if you truly have something that pool players want. You will garner name recognition and be identified with that product. Retailers will want to buy from you, at least initially.
Like someone else said on here, you may have about a one year head start on the competition. And that can be enough to secure your product the edge in the marketplace for a long time (like Predator enjoyed). In conclusion I say make it and sell it....fast! Don't even bother with a patent. It will eat up too much of your cash that is better spent on actual manufacturing of your widget. And don't reveal what you have until you actually have product ready to sell! Maybe not so many at first, but enough to take orders and deliver them. Nothing will hurt you more than to have a prototype and no widgets ready to sell. People want what they want NOW!
Good luck to you. I hope you can come up with the next great thing for the billiard world. It's been done before! Ask Allen McCarty. :smile:
I do agree that there is a limited market in the pool world for almost any product. I've seen a lot of guys come up with some really cool stuff (bridges, extensions, cue holders etc.) and never really make any money when it was all said and done. Sure, they made a lot of pieces and sold them everywhere they went, but it never caught on to where they were taking orders all over the place (and in quantity too).
Joe Porper (Creative Inventions) is probably the best innovator of new pool gadgets that we've had in this business. Did you know he also created and manufactured many tricks that are popular with magicians? Several of his products are still available today. Did he get rich off any of them? Doubtful. Did he make a nice living? Yes, for years!
I'm guessing the single most successful pool product/gadget ever invented in the last forty years was the Tip Tapper, a little piece of steel that was indestructable (sic). For many years, every serious pool player had to have one and they sold for $10 retail ($5 wholesale). The guy who invented them was a machinist friend of Lou Butera (I forget his name) and he did make some serious money off his little gift to the pool world. They continued to sell for well over 20 years!
The invention of the Predator shaft made Allen McCarty a rich man and he sold his company years ago for a princely sum. These are two of the rare success stories in the pool world. There are a lot more failures. Both of these products eventually got copied and then copied some more. Patent or not, there was no stopping the imitators.
I'm no lawyer either but I see what I see and hopefully learn from it. There is a shelf life to new billiard products and if you have a good one you can sell if for a certain period of time before you get copied. Even high dollar pool tables get knocked off overseas! I would suggest that your best bet is to just go ahead and create whatever product you think is good enough to sell. Make a prototype, create the packaging and give it a name. Then make them and sell them, with or without a patent (I don't think the Tip Tapper every had a patent. It said Patent Pending on them). Being the first one to the marketplace is your best bet for success if you truly have something that pool players want. You will garner name recognition and be identified with that product. Retailers will want to buy from you, at least initially.
Like someone else said on here, you may have about a one year head start on the competition. And that can be enough to secure your product the edge in the marketplace for a long time (like Predator enjoyed). In conclusion I say make it and sell it....fast! Don't even bother with a patent. It will eat up too much of your cash that is better spent on actual manufacturing of your widget. And don't reveal what you have until you actually have product ready to sell! Maybe not so many at first, but enough to take orders and deliver them. Nothing will hurt you more than to have a prototype and no widgets ready to sell. People want what they want NOW!
Good luck to you. I hope you can come up with the next great thing for the billiard world. It's been done before! Ask Allen McCarty. :smile:
Last edited: