Many Inventors trying to give their product ideas selling are totally crushed by rejection. So, I thought I would supply a connected with some of the reasons you can get gotten cast off. It does not cover every reason you could get rejected, but hopefully make a something to look at.
You really have to realize that inventing is fundamentally a numbers game! Yes, you still need to get a good idea but you will find that regardless how good an idea you could imagine it is that you could still get rejected. Many marketable ideas are rejected all the time. Even if it doesn’t make sense to you that would likely reject an understanding that they agree would be profitable. Listed below are some common reasons why even marketable ideas are rejected.
1. They may surely have a full line of products and not trying to add very much more.
2. Product or service is outside their marketplace.
3. You sent your submission to the wrong an affiliate the company – don’t assume they’ll automatically send it right one.
4. You sent viewed as unsolicited without contacting corporation first to find their submission policy, in addition they rejected it solely on that essence.
5. You didn’t have proper contact about your entry. (That is one of the greatest mistakes Inventors make. The machines will not bother to you decrease.)
6. They have too many similar services that sector is flooded enough.
7. Your idea interests a very little niche market and would like mass market items.
8. The price to manufacture versus the return on investment as well high.
9. Revenue sheet in order to WOW them and lacked consumer benefits information or was overloaded with great deal information to sort through.
10. Goods has already been patented by someone else and they just don’t want to determine if they are around it or risk infringement issues.
11. Your products or idea isn’t much better what is already on market. This tells them you did not research your idea very well and do not need a clue who competition is that are available.
12. You sent a product that is precisely like their current new product idea and that current technique are a marginal seller. So yours won’t fare any benefit.
13. Your idea is outdated or maybe on the downswing in comparison to what is coming out a year later.
14. They have a better solution than yours involving works for release that coming calendar months. (This is also where Inventors may scream the company stole their idea although the company has already invested in molds, engineering, samples, etc prior into the Inventor contacting the company about their idea. This takes place a wonderful deal. Inventors forget that they aren’t ones inventing.)
15. They have received to correct idea from another Inventor and are developed in negotiations with this Inventor.
16. An individual posted your idea unprotected online in a single of those invention posting sites where others vote on your product to check if there is interest. Your public disclosure makes the actual concerned whether any patent protection will be allowed and turns it down derived from that issue.
17. You posted your unprotected idea and video of the working prototype online and have a significant connected with hits. It can raises the concern whether any patent would be possible because of your public disclosure.
18. You stated which you’ve got patenting an idea issued patent, however they do a quick look on your patent they noticed that it has lapsed due to non-payment of fees and features been lapsed significantly following due associate with. Making the chances of it being reinstated unlikely.
19. You’ve a patent, and it was poorly written as well as cover far more product. (This happens a lot)
20. You will have a design patent and designing around your patent is a straightforward task, which means they should be expecting very little protection avaiable for purchase.
21. Sometimes the company you have approached just doesn’t take a outside ideas and does not publicize i don’t know. So you get a rejection letter, but which are explain they just don’t look right out of the company.
22. You sent them your product but they have already decided their very own line for the year or go with the following year and are not open to taking on anything else at period.
23. They only consider items with a sales history they can review and then your item has never been in production or sold stores or online. So they do not need to consider the risk to become the first company to market it.
As I stated above these are a few of the reasons your event may have your idea/product rejected with company. Really take time to on your own and understand your market, your invest that market and Invent Help homework part to make yourself as marketable as it can.