Many Inventors trying to bring their product ideas selling are totally crushed by rejection. So, I thought I gives you a regarding some of the reasons you could have gotten rejected. It does not cover every reason you could get rejected, but hopefully as well as your something to think about.
You need to realize that inventing is fundamentally a numbers game! Yes, you still need to own a good idea but you’ll find that irrespective of how good understanding you might think it is that you may still get rejected. Many marketable ideas are rejected all the time. Even if it doesn’t make sense to you that they will reject an idea that they agree is usually profitable. Listed below are some common purposes why even marketable ideas are rejected.
1. The company may now have a full-line of services not wanting to add much more.
2. The product is outside their target market.
3. You sent your submission into the wrong an associate the company – don’t assume they’ll automatically send it to the correct one.
4. You sent viewed as unsolicited without contacting group first to observe their submission policy, and they rejected it solely on that agreement.
5. You did not have proper contact information on your entry. (That is one of the actual mistakes Inventors make. An additional will not bother to you on paper.)
6. They have too many similar services that sector is flooded plenty of.
7. Your idea interests a small niche market and they want mass market an invention idea items.
8. The cost to manufacture versus the return on investment is too high.
9. Revenue sheet didnrrrt WOW them and lacked consumer benefits information or was overloaded with significantly information to sort with the aid of.
10. Your products has recently been patented by someone else and they don’t want to find out if they are around it or risk infringement problems.
11. Your product or idea isn’t compared to what is definitely on the actual marketplace. This tells them you did not research your idea well and don’t need a clue who other sellers is that are available.
12. You sent a product that is precisely like their current product and that current product is a marginal seller. So yours won’t fare much better.
13. Your idea is outdated or perhaps is on the downswing whenever compared with what isn’t too far off out the year after.
14. They already have a better solution than yours within works for release that coming year. (This is also where Inventors may scream the company stole their idea although the company has already invested in molds, engineering, samples, etc prior to the Inventor contacting the company about their idea. This takes place a wonderful deal. Inventors forget that they aren’t the sole ones inventing.)
15. They have already received the identical idea from another Inventor and are in negotiations with that Inventor.
16. A person posted your idea unprotected online in a single of those invention ideas posting sites where others vote on goods to verify that there is interest. Your public disclosure makes the concerned whether any patent protection properly allowed and turns it down in keeping with that send.
17. You posted your unprotected idea and video of the significant prototype online and possess 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, but when they perform quick search on your patent they noticed that it has lapsed thanks to non-payment of fees and it has been lapsed significantly after due date. Making the chances of it being reinstated unlikely.
19. You’ve got patent your idea, and it was poorly written and also cover specific product. (This happens a lot)
20. You will have a design patent and designing around your patent is an easy task, to ensure that you they should be expecting very little protection for sale.
21. Sometimes the company you have approached just doesn’t with outside ideas and does not publicize individuals. So you get a rejection letter, but permit you explain they never look beyond the company.
22. You sent them your product but they have already decided their very own line for that year or that the following year and aren’t open to taking on anything else at that time.
23. Really don’t 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 n’t need to consider the risk for being the first company to market it.
As I stated above these are simply a few with the reasons within the glass . your idea/product rejected along with a company. Really take period to on your own and understand your market, your commit that market and plenty of research part things yourself as marketable as we possibly can.