Many Inventors trying to bring their product ideas to market are totally crushed by rejection. So, I thought I offers a involving some belonging to the reasons you really can have gotten terminated. It does not cover every reason you could get rejected, but hopefully plans and ideas something to look into.
You wish to realize that inventing is fundamentally a numbers game! Yes, you still need to enjoy a good idea but you will find that irrespective of how to pitch an invention idea to a company good an idea you might imagine it is that gardeners can still get rejected. Many marketable ideas are rejected all time. Even if it doesn’t make sense to you that they will reject an understanding that they agree is usually profitable. Here are some common the logic behind why even marketable ideas are rejected.
1. They may surely have a complete collection of providers not looking to add more.
2. Urge for food is outside their marketplace.
3. You sent your submission towards the wrong part of the company – don’t assume they’ll automatically send it off to the right one.
4. You sent viewed as unsolicited without contacting the company first to check their submission policy, in addition they rejected it solely on that source.
5. You did not have proper contact regarding your entry. (That is one of the most effective mistakes Inventors make. The company will not bother for you to trace you on paper.)
6. Possess too many similar products and that market is flooded proper.
7. Your idea appeals to a very small niche market and they want mass market items.
8. The cost to manufacture versus the return on investment is too high.
9. Your sales sheet don’t WOW them and lacked consumer benefits information or was overloaded with great deal information to sort because of.
10. Your products has happened to be patented by someone else and they just don’t want to find out if they might go around it or risk infringement elements.
11. Goods or idea isn’t better than what is already on market. This tells them you didn’t research your idea perfectly well and don’t need a clue who the competitors is that are available.
12. You sent a product that is exactly like their current product and InventHelp Caveman Commercials that current set up is a marginal seller. So yours won’t fare any benefit.
13. Your idea is outdated or is on the downswing when what will be coming out the next year.
14. They have a better solution than yours within works for release that coming annualy. (This is also where Inventors may scream the company stole their idea although the company has already invested in molds, engineering, samples, etc prior for the Inventor contacting the company about their idea. This takes place a wonderful deal. Inventors forget that they are not the sole ones creating.)
15. They have already received a similar idea from another Inventor and are in negotiations with that Inventor.
16. You need to posted your idea unprotected online in one of those invention posting sites where others vote on goods to verify that there is interest. Your public disclosure makes the company concerned whether any patent protection would be allowed and turns it down based on that issue.
17. You posted your unprotected idea and video of the working prototype online and have a significant involving hits. This again raises the concern whether any patent would be possible due to your public disclosure.
18. You stated that you should have an issued patent, help how to patent an idea they perform quick browse your patent they discover that it has lapsed thanks to non-payment of fees and it’s been lapsed significantly after due associate with. Making the chances of it being reinstated unlikely.
19. You’ve got patent, but it was poorly written and will not cover the particular product. (This happens a lot)
20. You will have a design patent and designing around your patent is a straightforward task, as a result they can get very little protection avaiable for purchase.
21. Sometimes the company you have approached just doesn’t from outside ideas and doesn’t publicize that fact. So you get a rejection letter, but won’t matter explain they just do not look right out of the company.
22. You sent them your product but these have decided on their line for that year or the following year and aren’t open to taking on anything else at period.
23. They only consider items with a sales history they can review your item by no means been in production or sold stores or online. To ensure that do not need to consider the risk of being the first company to offer it.
As I stated above these are a few for this reasons your event may have your idea/product rejected by a company. Really take time to on your own and understand your market, your invest that market and do your part to make yourself as marketable as possible.