Picture this: You see a great pet that you want to capture, but you only have one net, and it fails. But then it turns into a regular trap that's less effective!

The description of all the pet traps says that the trap is tranquilizing. So, I think what should happen if the trap fails is that the trap runs out of the tranquilizing stuff, and becomes a net that's less effective and can be used again, and maybe multiple times after that. It's just weaker, because it's out of the tranquilizing stuff.
I think this will help a lot a people catch their favorite pets.

It would also be cool if you could trade them to other players!

Okay, i don't really get it but it might be because im playing very loud music now XD

I do agree with the last one though. i have like, a few dozen traps from the task and other places, but i don't ever use them. At least have them cost like, maybe half the price that we buy it from?