Business owner, musician invents guitar accessory
Local man starting to get noticed by music industry
Staff Writer
Published: Sunday, August 4, 2013 at 3:30 a.m.
Last Modified: Saturday, August 3, 2013 at 11:38 p.m.
The knobs overall became smaller, so if a guitarist is using one or more pedals in line, they don’t bump into each other. Smith ended up making them silver, and then glow-in-the-dark, because black was harder to see on stage in dim or changing lighting.
Little interest at first
The first potential investors Smith sought didn’t see the vision.
“They would, in essence, laugh at my knob,” he said. With every year that passed, he feared looking out to see someone else had beat his idea to market, but frustration just fed the fire. So while working and later as he opened Alcove, Smith kept at it on nights and weekends, putting sweat and money into his ideas.
The patent process alone cost about $6,000. Another $10,000 went to craft the original steel molds.
“And that’s not producing any units, that’s not packaging, that’s not putting up a website to do e-commerce sales,” he said. “There were a whole lot of costs with no guarantees it would ever get going.”
Even though he could cut costs by outsourcing to China, Smith keeps as much of the Option Knob work at home as possible. Injection-mold manufacturing is done at a plastics plant in Albertville, then the works are packaged in San Diego and shipped back to Smith, who in turn ships to distributors. E-commerce runs through his sitewww.optionknob.com.
From business studies at the University of Alabama, Smith knew it typically takes five years from market to a measure of success for any new line. He may be just ahead of the curve.
Over the past year, his line has been picked up by two international distributors, reaching into 35 or so countries, and added by Guitar Center, a chain with more than 250 stores in the U.S. alone, as well as others. In Tuscaloosa, Option Knob Inc. products are available at Guitar Gallery and Tuscaloosa Music Service.
Wollongong’s ONLY IP Dashboard in Intellectual Property law and Commercial law is HERE at Sweeny Legal.com.au
Providing intellectual property law services, commercial corporate law services advice to all businesses of various types including but not limited to:
- Website Terms and Conditions
- Website Privacy Policy
- Website Click-Wrap Agreement
- Music copyright permissions for Youtube Video Assistance and Review Legal Services
- Trade Mark and Intellectual Property Licensing Agreements of various types and applications
- Software Licensing
- Confidentiality agreement drafting
- New Inventions to market
- Trade Mark Research and Registration services
- Design Rights Registration services
- Trade Practice and anti-competition breach work
- Intellectual Property and Commercial Dispute resolution services
How can we work together? Please contact me if you have intellectual property or commercial law needs.
Sweeny Legal announces its Virtual Lawyer Service Available in Wollongong. Tomorrow’s Lawyer Today.
This Service saves you time, it is convenient, and saves on costsAlternatively I can come and visit your Office and review your needs
Contact me if you need commercial assistance or if you need commercial agreements, either reviewed, gap analysis or drafting, for example, Commercial and IP Agreements, Business Relationship Agreements or License Agreements.
Please contact Sweeny Legal or Brandsworth Licensing should you require any assistance with any Intellectual Property (IP) rights, Commercial Agreements of any type, or IP Business Strategies.
Phone: 02 4228 1864
Mobile: 0417 699 645
eFax: 02 4204 1684 – comes to my email – perfectly secure – my eyes only
Email: info@sweenylegal.com.au
Skype: SweenyLegal
FaceTime: info@sweenylegal.com.au
Contact Sweeny Legal
Profits expected soon
Any money he’s made thus far has gone back into the business, but it works out because the Alcove is up and running well, Smith said. Manufacturing costs are increasing, but he’s seeing risks pay off.
Tagged: intellectual property commercialisation wollongong, Intellectual Property Lawyer Wollongong, intellectual property licensing, Intellectual Property Southern Highlands, Intellectual Property Wollongong, Patent Law Wollongong, patent lawyer illawarra, patent lawyer south coast, patent lawyer southern highlands, patent lawyer wollongong, Sweeny Legal, sweeny legal wollongong, Tracy Sweeny
