I have an idea for an educational product (similar to kids jewellery), I can trademark the name but not eligible for patent, I can get the product made cheaply in china and package it from home in the uk. I think I can sell it- even based on a small initial order for a 70% profit.
However, if I order say 100 to be made without investing in trademark -just to test the water and approach distributors with a view to investing more in registering business etc would that be foolish? Should I set the company up, get my trademark to be taken seriously by potential buyers?
I just don't want to waste our money without knowing if the product is viable, nor do I want to waste the pitch opportunity by seeming unprofessional.
I'm also slightly scared that it 'll be labelled as a mummy business - you know the ones people slag off for being a hobby supported by the family breadwinner rather than a legitimate source of income?! I've been a sahm for 4 years and without sounding a prick- if I got a job to the best of my ability it wouldn't make a big impact on our income as my husband landed on his feet with his salary. But I will go demented if I don't work now.
This is rambly sorry, I hope it makes some sense and I would genuinely appreciate advice!!