OK, maybe slightly off-topic, but I'm wondering if 'Patent-Pending" actually discourages anyone from muscle-ing in on your sales turf. If you saw 'patent-pending' on an item, would you be less inclined to consider opening up shop to compete with the item in question, or would you automatically assume there's going to be some barrier to entry, or less money (sales) to be had, or legal fights down the road, etc..?
I'm asking because I've latched onto a very niche product that I can make some fairly serious dollars on, with very little startup or engineering costs. However, it will never qualify for a patent.
It occurs to me however, that for ~ $100, I could file a Provisional Patent app - even though I would have no intention to follow it with a non-provisional utility app. That would allow me to legally claim "patent-pending" status in the sales literature, etc..., and mark the product. (Normally, I would never bother with a Provisional.)
By the time the year is up on the Provisional, I would likely have skimmed 60%-70% of sales off the top of the market anyway (like I said, niche product!). And even if I don't, it's not a huge investment in time or money anyway...
So, do you think it's worth the ~$100 to file, or not? More to the point, what does the term 'patent-pending' mean to you, esp, as it relates to discouragement?
Thanks.
-mpm