Why shouldn't I take the offer

Recently we watched someone that had an offer given to them and they simply walked away because they figured that they could do better than the offer. Well, I can honestly say that if I had of known that the patent was running out in the next 5 years, I probably would have taken the offer and run away happy. 

If you are saying that you can make $10,000 in profit in the next year but someone is offering you $100,000 for the business I think I would be thinking very hard and probably taking the offer because yes it might be something that I am attached too but can I make that profit quickly compared to what I could get right how.

One of the other issues that I have noted is that the patent is going to run out within the next 5 years so that isn’t going to help you at all and there are already people trying to copy the device so that isn’t good either. What you aren’t seeing is that you could walk away from this idea and then spend the money figuring out a new project where you could get a current patent and move it forward.

When I first found out about this product, I thought it was a newish idea, but little did I know that the project has been around for at least 19 years, and they haven’t been able to make a name for themselves. Sure, you can do the local markets and hope that you can sell some products, and you can also do some trade shows but what is the post of each of these booths versus the revenue to you making for each of these events. My biggest question is where I can purchase this project when I cannot attend an event. If you are saying that your product is only available at specific markets, you are eliminating a lot of people.

If you have a product that you would like to sell either through markets or online, you need to ensure that you have an online presence otherwise you are going to be eliminating a lot of says. If I was to purchase an idea at a market, and I like it and want to share it with friends and family, I need to know how I can purchase the item online other wise it is a failure. If I can only purchase at item at an event/show that you are attending that doesn’t show that you are willing to make it available to a mass market.

In this case, we watched someone appear at Dragon’s Den and simply walk away from an offer because they felt they could make more money. The offer was something that I probably would have accepted because the cost versus the project wasn’t worth the time and energy.