jon_davies started this topic @ 14:14 on 06/06/2006
I have thought of an innovative idea for a business, but its a variation on a company's business principle/s that is already in operation...
1. Am I still allowed to proceed with the set-up of my idea, even though it copies the current business principles but offers a different service to a different target market?
2. Am I likely to be faced with any legal challenge from the current business to stop me from proceeding with my idea?
If YES to any of these questions, what should I do?
And more of a general question really, but...
3. How can I attract other people to become interested in my idea?
Any advice would be greatfully appreciated.
If you wish to know more about my idea, please feel free to send me an e-mail: jonathan_mark_davies@hotmail.com
RE: I need some expert advice...?
seancollier | 06/06/2006 02:23 PM
Hi
It depends on what the company does and who they are? We would need more information!
Sean
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RE: I need some expert advice...?
ctabuk | 06/06/2006 03:08 PM
Agreed and remember one thing, competition is what makes the world go round.
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http://www.sharedownershipmortgages.org.uk
RE: I need some expert advice...?
jon_davies | 06/06/2006 07:57 PM
Ok, heres a bit more info about the idea:
Do any of you know anything about GuestInvest?
Basically, GuestInvest is a company that offers people the opportunity to purchase a room in a hotel. In return for their investment, they recieve a 6% share in the revenue sales generated from customers that stay in that particular room. and they are also awarded with 52 nights free every year in that particular room.
As I have an interest in aviation, my idea was to adapt this principle to airlines, to offer a frequent flyer program, which allows customers to buy a seat on a particular route with a particular airline, and to offer them a royalty of the revenue sales that are generated by the airline, and also get some free flights each year in that seat that they buy.
It would ideally suit business travellers that fly a particular route on a frequent basis, as they could sit in the same seat for every journey they make.
It could also attract those that want to make a bit of money for themselves without having to do anything other than buy the seat and wait for the royalties to be paid into their account.
What do you think, is something like this viable?
