Many Inventors trying to give their product ideas to market are totally crushed by rejection. So, I thought I would provide a list of some of the reasons you could obtain gotten cast off. It does not cover every reason you can get rejected, but hopefully wanted something to look at.
You really have to realize that inventing is fundamentally a numbers game! Yes, you still need to own a good idea but you will discover that regardless how good a perception you might imagine it is that you may still get rejected. Many marketable ideas are rejected all period. Even if it does not make sense to you that they would reject an image that they agree this would definately be profitable. Listed below are some common purposes why even marketable ideas are rejected.
1. The company may have also a full-line of services not seeking add much more.
2. Product or patenting an idea service is outside their target market.
3. You sent your submission to the wrong an associate the company – don’t assume they’ll automatically send it off to the right one.
4. You sent one does this program unsolicited without contacting the company first to find their submission policy, and they rejected it solely on that source.
5. You didn’t have proper contact information on your division. (That is one of the highest mistakes Inventors make. The corporation will not bother for you to trace you down.)
6. Possess too many similar providers that companies are flooded a sufficient quantity of.
7. Your idea draws a minimal niche market and would like mass market items.
8. Costly to manufacture versus the return on investment as well high.
9. Revenue sheet never did WOW them and lacked consumer benefits information or was overloaded with a lot information to sort indicates of.
10. Goods has happened to be patented by someone else and want to find out if they should go around it or risk infringement trouble.
11. Your product or idea isn’t much better what is on the actual marketplace. This tells them you didn’t research your idea very nicely and don’t have a clue who the competitors is in the industry.
12. You sent a service or product that is just like their current product and that current strategy is a marginal seller. So yours will not fare any benefit.
13. Your idea is outdated or perhaps on the downswing in comparison to what isn’t too far off out the next year.
14. They already have a better solution than yours their works for release that coming calendar months. (This is also where Inventors may scream the company stole their idea regardless of whether the company has already invested in molds, engineering, samples, etc prior to the Inventor contacting the company about their idea. Transpires a entire lot. Inventors forget that they are not the sole ones creating.)
15. They have already received to correct idea from another Inventor and are developed in negotiations with that Inventor.
16. A person posted your idea unprotected online inside a of those invention posting sites where others vote on your products to verify that there is interest. Your public disclosure makes company concerned whether any patent protection will be allowed and turns it down derived from that send.
17. You posted your unprotected idea and video of the significant prototype online and possess a significant regarding hits. This again raises the concern whether any patent your idea would be possible due to your public disclosure.
18. You stated need an issued patent, however they perform quick search on your patent they make it a point it has lapsed by way of non-payment of fees and allows been lapsed significantly past the due the present day. Making the chances of it being reinstated unlikely.
19. You’ve got patent, truly was poorly written as well as cover far more product. (This happens a lot)
20. There is design patent and designing around your patent is an easy task, as a result they should be expecting very little protection that can be found.
21. Sometimes the company you have approached just doesn’t the outside ideas and doesn’t publicize that fact. So you get a rejection letter, but which are explain they don’t really look beyond the company.
22. You sent them your product but they have already decided on their line for the year or go with the following year and aren’t open to taking on anything else at period.
23. Sufficiently consider items with a sales history they can review your item has never been being produced or sold stores or online. So do not want to go ahead and take risk to become the first company to offer it.
As I stated above these are simply a few of the reasons within the glass . your idea/product rejected by a company. Really take period to yourself and understand your market, your place in that market and study part to create yourself as marketable maybe can.